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Netzsch announces new VP of OEM Management

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.

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Environmental
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Methane detector pilot launched at Shell shale gas site

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. 

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Sliding vane pumps excel in chemical-transfer spots

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.

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10.3 million U.S. jobs supported by oil industry in 2015

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.

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Reduced OPEC exports to North America hurting refiners but helping oilsands operators

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.

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Drilling & Production
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PSAC revises 2017 drilling forecast upward after strong second quarter

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.

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Pipelines

Pembina reports solid second-quarter results as agreement with Veresen moves forward

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.

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Petronas pulls plug on Pacific Northwest LNG

Prince Rupert harbour.  – www.flickr.com/photos/maethlin, used under Creative Commons license creativecommons.org/licenses/by-nc-nd/2.0/

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.

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Bids opened for offshore parcels in the Sydney Basin

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.

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