The Nova Scotia government has introduced legislation to extend the moratorium on oil and gas exploration and drilling on Georges Bank to Dec. 31, 2022.
With the exploitation of new cost-effective operational concepts, use of digital technologies and increased dependence on cyber structures, the oil and gas industry is exposed to new sets of vulnerabilities and threats. Cyber-attacks have grown in stature and sophistication, making them more difficult to detect and defend against, and costing companies increasing sums of money to recover from.
Keyera Corp. has announced that it will suspend operations at its Caribou gas plant next week following a producer's decision to shut in gas production on December 1, 2015.
The Honourable Jim Carr, federal Minister of Natural Resources, met with Alberta Energy Minister Margaret McCuaig-Boyd and energy and environmental stakeholders in Calgary to discuss economic and environmental issues affecting the oil and gas sector, including lower oil prices, infrastructure development and access to markets. He outlined the Government's commitments to grow the economy and protect the environment while investing in clean technologies to develop Canada's natural resource sectors and create good jobs for Canadians.
In 2007, Alberta became the first North American jurisdiction to put a price on carbon - demonstrating that it could be a leader in the effort to reduce greenhouse gas emissions. Unfortunately, that emissions policy was more symbolism than a meaningful reduction in greenhouse gas emissions.
ESAB Welding & Cutting Products has launched its new Warrior YardFeed 200 and MobileFeed 301AVS, which join the previously launched MobileFeed 201AVS to provide a complete line of portable wire feeders compatible with the Warrior 400i MV CC/CV and Warrior 500i power sources. All feeders deliver premium feeding performance, especially with the cored wires common in construction, field repair and similar uses.
Tsawwassen First Nation (TFN) has launched a consultation with members regarding a proposed concept for a liquefied natural gas (LNG) export facility on Tsawwassen Lands, south of Vancouver, BC.
Stream-Flo Industries Ltd. has completed the expansion of its Service and Distribution Super Centre in Grande Prairie, Alberta. The expansion doubles the size of the facility to 47,000 square feet on 5.6 acres of land and represents a significant investment in the community and in the region’s oil and gas industry.
Petrofac, the international oil and gas services provider, has chosen to expand the use of Intergraph Smart solutions in the execution of its global engineering projects. The renewed three-year contract includes license agreements for the SmartPlant Enterprise solution portfolio, containing Intergraph Smart 3D for engineering design and SmartPlant Foundation for centralized, integrated engineering information management.
Natural gas production in the lower 48 United States averaged 71.9 billion cubic feet per day (Bcf/d) in October, a decline of more than 0.5 Bcf/d, or 1%, from September, according to Platts Bentek, an analytics and forecasting unit of Platts, a provider of energy and commodities information.
Four of Canada's largest oil sands producers have come together to demonstrate leadership on climate change. Canadian Natural Resources Limited, Cenovus Energy Inc., Shell Canada Limited and Suncor Energy Inc., support the Government of Alberta's climate plan related to the oil and natural gas industry, which includes a carbon pricing regime coupled with an overall emissions limit for the oil sands. These measures provide predictability and certainty and will help ensure that producers can responsibly develop and grow this significant Canadian resource while also addressing global concerns about climate change.
Alberta’s Climate Leadership Plan announced November 22 accelerates the transition from coal to renewable electricity sources, puts a price on carbon pollution for everyone, and sets emissions limits for the oil sands.
Alberta's Climate Leadership Plan provides direction that will allow the oil and natural gas industry to grow, further enhance its environmental performance through technological innovation, and is expected to improve market access to allow Canadian oil to reach more markets, the Canadian Association of Petroleum Producers (CAPP) said.
Trilogy Energy Corp. has announced that it has entered into a definitive agreement to sell 11 net sections of its Duvernay mineral rights in the volatile oil window of its Kaybob Duvernay play for cash consideration of US$85 million. In connection with the sale, and in an effort to consolidate Trilogy’s Duvernay land position, Trilogy will also swap 5.25 net sections of its Duvernay undeveloped lands for an equivalent number of sections of Duvernay rights for no additional consideration.
Building on the robust and productive Cat 5110B, the new 6015B Hydraulic Shovel delivers a productivity advantage over other 100-tonne shovels thanks to its powerful engine, a large standard bucket and payload capacity of 14.6 tonnes, according to the company. The design translates to fast cycles and a pass match advantage over leading standard-equipped shovels in its class when loading trucks of 55, 65 and 90 tonne capacities.
Engineering solutions provider Costain has been instrumental in helping Ithaca Energy save several millions of pounds, thanks to its sound management of subsea contracts in the operator’s Greater Stella Area (GSA) Development in the central North Sea.
Husky Energy has sanctioned Rush Lake 2, a new 10,000 barrels per day (bbls/day) heavy oil thermal development in Saskatchewan, as it continues to advance its resilient portfolio of low sustaining capital projects. The Company's heavy oil thermal production is expected to reach about 80,000 bbls/day by the end of 2016, from about 18,000 bbls/day in 2010.