Backlog for capital equipment orders in National Oilwell Varco’s (NOV) rig technology segment was $13.95 billion at the end of 2Q2013, a record high, 8% higher than at the end of 1Q2013 and 24% higher than at the end of 2Q2012, the company said Tuesday.
Designs
Articles from Designs
Industry Brief
Denver-based Enservco Corp., a provider of well-site services, said it will invest $6 million in capital expenditures during 2013, with $4.7 million being allocated to new equipment fabrication. The budget also includes $1.3 million for enhancements to existing equipment. Management estimates the annualized revenue potential from the new equipment at about $10 million. The equipment includes nine frack heating trucks with a total of 12 burner boxes, four hot oilers and two well acidizing trucks. The investments will expand the company’s frack heating capacity by 40% and increase its hot oiling fleet by 15%. Enservco said sales during April reached $3.7 million, up 85% from one year ago. The improvement was fueled in part by cool spring temperatures across the company’s service territories, as well as sustained demand for fluid heating services, particularly in regions where new fracking techniques require higher water temperatures than traditional frack designs.
Rex Expands Ohio Utica Operations
Although keeping a lid on the details of the deal for now, Rex Energy Corp. said the Utica Shale joint venture it recently entered into with MFC Drilling Inc. and Abarta Oil & Gas Co. Inc. requires it to drill and complete one well and begin drilling two others by Nov. 15, and requires three additional wells each year until the company satisfies the carry obligation. The JV covers a three county region of eastern Ohio.
North American Shale to Fuel Robust Global Demand, Says Gazprom Exec
U.S. shale natural gas production today is half the size of the global liquefied natural gas (LNG) business, which doesn’t bode well for those with designs on imports but is a positive for proposed export facilities, the Houston-based chief of Gazprom Marketing & Trading USA (GM&T) said Monday.
SoCalGas Testing Solar-Gas Air Conditioning
Coca-Cola Bottling Co. of Southern California is watching closely an ongoing test of two solar-natural gas air conditioning systems by Sempra Energy’s Los Angeles-based Southern California Gas Co. (SoCalGas). The gas utility is testing two similar systems at its Energy Resource Center in Downey, CA, as a means of accelerating their use among commercial customers, such as the Coca-Cola bottling plant.
Arctic Island Gas Still Eyed by Petro-Canada President
While bracing for a drilling slump to continue through 2008, Canadian natural gas producers continue to work on grand designs for new supply development, including the grand-daddy of Arctic visions.
Siren Call of Arctic Islands Gas Still Heard by Petro-Canada President
While bracing for a drilling slump to continue through 2008, Canadian natural gas producers continue to work on grand designs for new supply development, including the grand-daddy of Arctic visions.
Hurricanes’ Lesson for Gulf LNG? Onsite Electricity, Sempra Exec Says
The experience of existing U.S. liquefied natural gas (LNG) facilities during the recent Gulf of Mexico hurricanes has supported the designs for new terminals and demonstrated that onsite power generation is probably the single most important added consideration for the new projects, according to Sempra Energy COO Donald Felsinger.
Gasoline Giant Shell Entering Retail Gas, Power Fray
Shell Oil Tuesday announced its designs on the retail gas andpower marketplace and said its Shell Energy Services willparticipate in the unbundling of Georgia’s Atlanta Gas Lightsystem. The company plans to serve residential and commercialcustomers. Other states Shell will target for retail sales are notyet known, but Shell Energy Services President Alan M. Raymond saidthe company is interested in California’s deregulated electricitymarket as well as competitive markets in the Northeast. “We will beapplying to become marketers in those states where the deregulationallows us to function, and then we’ll be setting up shop to appealto those customers.”