Monday, December 16, 2024
IEA: Fracking could play a crucial role in advancing geothermal energy0 oil and gas 360

IEA: Fracking could play a crucial role in advancing geothermal energy

(Oil Price) – Fracking techniques perfected in the U.S. shale patch could help drill for deeper and hotter geothermal energy resources and slash geothermal costs to make this low-carbon energy source competitive to other clean energy solutions, the International Energy Agency (IEA) said on Friday. Recent advances in horizontal drilling and hydraulic fracturing, “honed through oil and gas developments in North America,” are

SPM frac pump achieves 13,000 pumping hours in Permian before first overhaul- oil and gas 360

SPM frac pump achieves 13,000 pumping hours in Permian before first overhaul

(World Oil) – SPM™ Oil & Gas announced that their SPM™ WS 335 Frac Pump has achieved more than 13,000 pumping hours in the Permian before its first overhaul. As conventional frac pumps are commonly rebuilt at 3,000 hours and discarded at 6,000 hours, this milestone demonstrates the WS 335’s ability to last four times longer than traditional pressure pumping

Weaker U.S. fracking drags Halliburton earnings below estimates- oil and gas 360

Weaker U.S. fracking drags Halliburton earnings below estimates

(Oil Price) – Halliburton Company (NYSE: HAL) missed analyst estimates for its third-quarter earnings as weaker North American revenues combined with the impact of an August cyberattack and hurricanes in the U.S. Gulf of Mexico dragged profits down. Halliburton, one of the world’s top three oilfield services providers and leader in the U.S. fracking services market, reported on Thursday adjusted net income per