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Oil & Gas Product News

System measures density of varied fluids

Measure the density of crude oil, butane, diesel fuel, distillates, gasoline, ethane gas, isobutene, jet fuels, LPG, such as kerosene or propane using a Dynatrol CL-10-HY density cell and Series 2000 density digital converter.

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Cummins showcasing Tier 4 Final solutions for the oil and gas industry

Cummins Inc. is participating in the Offshore Technology Conference 2016 by showcasing Tier 4-certified products specifically designed to meet the needs of the oil and gas industry. Representing the first significant emissions regulation since Tier 2 in 2006, Tier 4 Final requires a reduction in particulate matter (PM) of 80 percent, and a hydrocarbon (HC) reduction of 45 percent. In order to meet these regulations, Cummins is utilizing a fully integrated Selective Catalytic Reduction (SCR) aftertreatment system.

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Equipment Management & Maintenance

Simmons Edeco awarded key contract by major oil & gas operator

"The recent contract award means that SIMMONS EDECO will continue to provide wellhead and valve maintenance services for all of the operator’s assets in the North Sea, which it has been supplying for the past 13 years.”

SIMMONS EDECO, a leading supplier of wellhead and valve maintenance and onshore drilling services to the global oil and gas industry, has been awarded a multi-million pound contract by a major North Sea oil and gas operator.

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Industry News

Canada's oil industry to endure losses for second consecutive year in 2016

Canada's oil and natural gas extraction industries are expected to be in the red again this year, according to The Conference Board of Canada's latest outlooks for the industries. Following a record pre-tax loss of more than $7 billion last year, Canada's oil extraction industry is expected to post losses of over $3 billion in 2016. Meanwhile, Canadian natural gas producers losses are expected to total $1 billion in 2016.

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Industry News

PSAC lowers 2016 drilling activity forecast

The Petroleum Services Association of Canada (PSAC), in its second update to the 2016 Canadian Drilling Activity Forecast, has revised the forecasted number of wells drilled (rig releases) across Canada for 2016 to 3,315 wells. This represents a decrease of 1,835 wells and an approximate 36 per cent decline from PSAC’s original 2016 Drilling Activity Forecast released in early November 2015. PSAC based its updated 2016 forecast on average natural gas prices of $1.60 CDN/mcf (AECO), crude oil prices of US$35/barrel (WTI) and the Canada-US exchange rate averaging $0.75.

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Industry News

Schlumberger to acquire coiled tubing drilling units from Xtreme

Schlumberger has announced it has entered into an agreement to acquire the coiled tubing drilling and coiled tubing units from Xtreme Drilling and Coil Services Corp., a Calgary-based provider of international land drilling and coiled tubing drilling services. Xtreme currently owns a fleet of 11 coiled tubing units located in Saudi Arabia and the United States. The transaction is subject to customary closing conditions and is expected to close in the third quarter.

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Offshore Technology

Largest ever Victrex Peek-based structure designed to deliver subsea pumping relability in extreme subsea oil & gas operations

To reduce exploration and production costs and risks in subsea oil and gas systems, Magma Global Limited has developed flexible m-pipe technology. Their latest lightweight continuous pipe is both the largest and longest Victrex PEEK-based structure ever, achieved with the support and expertise of Victrex. It can be deployed to depths of 10,000 feet (3,000 meters) and handle pressures of up to 15 ksi (103MPa). The composite pipe combines PEEK, high-grade carbon fibre and S-2 Glass fibres to form a reliable subsea intervention line that meets the demand for a hydraulic pumping system that can handle high pressures and high flow rates.

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Industry News

U.S. natural gas production dipped in March

Natural gas production in the lower 48 United States averaged 72.2 billion cubic feet per day (Bcf/d) in March, which is down just over 1 Bcf/d compared to the February average, according to Platts Analytics (formed by Bentek Energy and other analytics and forecasting units of Platts). On a month-over-month basis, March natural gas production was down nearly 2% from February.

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Industry News

Packers Plus advances high frac intensity capabilities with 50-stage wells in the Williston Basin

Packers Plus Energy Services Inc. is pleased to announce the successful completions of multiple wells in North Dakota's Bakken formation using advanced high frac intensity systems, specifically designed for extended reach wells. The completions were made possible by continued advances in ball-drop completion technology using the field proven, innovative StackFRAC HD (high density) system.

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