Husky Energy has entered into definitive agreements to acquire the Superior Refinery, a 50,000 barrel per day permitted capacity facility located in Superior, Wisconsin from Calumet Specialty Products Partners, L.P. for $435 million US in cash. The deal is subject to customary closing adjustments.
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Netzsch Pumps North America has expanded its Executive sales force by hiring Robert LePera as the Vice President of OEM Sales. He will provide world class support to our OEM customers by addressing their needs with a dedicated and independent sales organization. The goal is to provide individual attention with a team that includes sales, service and engineering that speaks the language of the OEM customer.
Shell has launched a methane detector pilot at one of its shale gas sites near Rocky Mountain House in Alberta, Canada. The pilot test is part of a wider multi-stakeholder initiative called the Methane Detectors Challenge, a partnership between Environmental Defense Fund (EDF), oil and gas companies, US government agencies and technology developers to test next generation methane detection technologies. The initiative aims to enable better early detection and repair of methane leaks, and ultimately reduce emissions. While detection technologies and processes are already in place across the oil and gas industry, more technical innovation is desired.
Blackmer GNX and GNXH Series sliding vane pumps incorporate numerous design features that help them excel in a wide variety of chemical-transfer applications. The design of GNX and GNXH Series pumps eliminates traditional couplings and features a commercial-grade, single-stage gearbox with aluminum housings, NEMA C-face or IEC D-flange motor connections and a proprietary output shaft that is compatible with the Blackmer keyed pump shaft. This revolutionary design makes GNX and GNXH Series pumps the industry's first alignment-free, reduced-speed pumps for use in both portable and stationary applications, Blackmer states.
The natural gas and oil industry supported 10.3 million U.S. jobs and added $1.3 trillion to the nation's economy in 2015, according to a new study by the API. The study found that jobs supported by the industry increased by 500,000 since 2011 and showed that all 50 states, whether producing or non-producing, continued to benefit from the industry.
Reduced OPEC oil exports to the North American market are narrowing an important price spread between light and heavy crude blends, pressuring margins for U.S. refiners on the Gulf Coast with specialized conversion capacity, according to Fitch Ratings. At the same time, Canadian exporters of heavy crude benefit from the tighter spreads in the form of higher realizations for their discounted grades of heavy oil.
The Petroleum Services Association of Canada (PSAC), in its third update to its 2017 Canadian Drilling Activity Forecast, announced that it was increasing its forecasted number of 6,680 wells to be drilled (rig released) across Canada for 2017 to 7,200 wells drilled. PSAC based its updated 2017 Forecast on average natural gas prices of $2.75 CDN/mcf (AECO), crude oil prices of US$49.00/barrel (WTI) and the Canada-US exchange rate averaging $0.77.
Pembina Pipeline Corporation has announced its results for the second quarter of 2017, an eventful period for the company which joined with Veresen to create one of the largest energy infrastructure companies in Canada. The company reported $2.8 billion worth of new projects going into service by the end of the second quarter, under budget and either on time or ahead of schedule. Pembina generated second-quarter earnings of $124 million, a 10 percent increase over 2Q 2016, and has earned $339 million year-to-date, up 58 percent year over year.
Cenovus Energy Inc. had a strong second quarter that reflected 45 days of results from the assets recently acquired from ConocoPhillips. The acquisition gives Cenovus 100% ownership of its oil sands operations and a new production platform in the liquids-rich Deep Basin. Integration of the Deep Basin assets is on track.
TransCanada Corporation has launched an Open Season to solicit additional binding commitments from interested parties for transportation of crude oil on the Keystone Pipeline and for the Keystone XL Pipeline project from Hardisty, Alberta to markets in Cushing, Oklahoma, and the U.S. Gulf Coast.
Petronas' decision to scrap its plan to build the Pacific Northwest LNG terminal (PNW) is a tough blow for the B.C. construction industry, the president of the Independent Contractors and Businesses Association (ICBA) said today.
One of British Columbia's flagship liquefied natural gas projects has been cancelled. Pacific Northwest LNG, the $36 billion project set just outside Prince Rupert on the B.C. North Coast, will not proceed, the company stated in a press release Tuesday, July 25. According to the announcement, the Petronas-backed project - approved by the federal government last fall - was spiked after a review conducted because of market condition changes.
The Canada-Nova Scotia Offshore Petroleum Board (CNSOPB) has issued its Call for Bids NS17-1 for Exploration Licences consisting of three parcels. Bids must be received by December 14, 2017 before 4:00 p.m. Atlantic Time. Any successful bidder(s) will be awarded Exploration Licences subject to federal and provincial Ministerial approval.
An unprecedented number of opportunities for Minister-to-global business leader strategic dialogue, along with a record number of expert submissions on a wide range of industry challenges and trends, will see the world's energy leaders converge on the UAE capital for the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) 2017, later this year.
SNC-Lavalin has been awarded a contract by Brahms Oil Refineries Limited to undertake a front-end engineering design (FEED) conversion to EPC contract for a 10,000 barrel per day crude oil refinery in Kamsar, Guinea. The FEED will provide a budget cost estimate to obtain a final investment decision (FID) for the project in the third quarter of 2017.