Jan 14, 2013 (M2 EQUITYBITES via COMTEX) -- Halliburton (NYSE:HAL), a provider of products and services to the energy industry, said on Friday that it has collaborated with Apache Corporation and Caterpillar to develop dual-fuel technology which is capable of safely and efficiently powering the pumping equipment used for fracturing treatments with a mixture of natural gas and diesel.
According to Halliburton, with 12 pumps (24,000 horsepower), this is one of the largest-scale dual-fuel projects ever conducted in the oil and gas industry.
After G. Steven Farris, chairman and CEO of Apache and the chairman of America's Natural Gas Alliance (ANGA), urged the industry to increase the use of natural gas as a fuel for engines, Halliburton developed a technical solution for converting the pumping equipment used at a typical large-scale fracturing spread to a dual-fuel system including natural gas. The solution is more efficient and cleaner-burning than using diesel alone, Halliburton said.
Halliburton teamed up with its supplier, Caterpillar, to convert the company's new Q-10 pumps to dual fuel with a technology that would safely and efficiently accommodate high-quality liquefied or compressed natural gas. Caterpillar adapted its proprietary Dynamic Gas Blending (DGB) engine technology to power Halliburton's pumps, working with Halliburton and Apache to cover a wide range of performance, environmental and efficiency criteria.
Financial details were not mentioned.
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