DEERFIELD, Ill. -- Caterpillar Inc. has signed an agreement to acquire the Oil & Gas Division ("Weir Oil & Gas") of the Weir Group PLC, a Scotland-based global engineering business. Headquartered near Fort Worth, Texas, Weir Oil & Gas produces a full line of pumps, flow iron, consumable parts, wellhead and pressure control products that are serviced via an extensive global network of service centers located near customer operations.   

We talked to industry experts about how things have changed since the 2015 oil price crash.

According to the World Resources Institute, Bahrain is one of the most water-stressed countries in the world and will continue to be through at least 2040. To save as much water as possible in the production of oil and eliminate the need to deliver water via tanker truck, the Bahrain Petroleum Company B.S.C. (Bapco) is using GE's advanced mobile water technology to convert seawater into usable, highly pure source water at the Awali refinery.

Schneider Electric has announced it has been selected to provide comprehensive process automation systems, solutions and services to Dangote Oil Refinery Ltd., a subsidiary of business conglomerate Dangote Group, to drive supply chain and operational efficiency, reliability and profitability for the Group’s greenfield refinery in Lagos, Nigeria.