Industry News News

Tags
Environmental
Industry News

Carbon emission cut by 2040 within reach but requires cooperation

Reduction in coal energy is one part of a successful climate strategy going forward, according to the ETC.

Governments, investors and businesses must seize the opportunity to halve global carbon emissions by 2040 while ensuring economic development and energy access for all, but they must act now to accelerate clean electrification, decarbonization beyond power and energy productivity improvement, says the Energy Transitions Commission (ETC). 

Read More

Sponsored Content

Volvo’s Award-Winning CoPilot Interface – Make Every Operator Your Best Operator

With the Volvo award-winning Co-Pilot on-board interface, operators can set up projects with ease, get real-time job information and get more done with less rework. Use Co-Pilot for a multitude of applications, including Load Assist for wheel loaders, Compact Assist for Asphalt with Density Direct™, and Dig Assist for excavators. Learn more about how Co-Pilot can make your jobs more efficient, and more profitable. 

Watch and learn more

Tags
Industry News
Offshore Technology

Oil recovery system powered by wind shows potential in testing

The DNV GL-led joint industry project, WIN WIN (WINd powered Water INjection), has completed its first phase and determined that wind power could be used to power offshore water injection. The project is currently moving into its second phase, which includes refining and testing the electrical systems, and investigating possibilities for broader applications. The project consists of four partners: DNV GL, ExxonMobil and ENI Norge – all part of the first phase – and the Norwegian Research Council – a new participant for this second phase. 

Read More

Tags
Industry News

OPEC likely to drive near-term oil market as recovery lags: Scotiabank

The Scotiabank Commodity Price Index gained 2.2% m/m in February as industrial commodities continue to benefit from healthy demand on the back of a stronger global economic outlook, while supply-side idiosyncrasies continue to provide opportunity for differentiation. The oil market recovery remains on track but fragile, as OPEC headlines will continue to drive near-term market sentiment, especially ahead of the May 25th meeting to decide whether or not to maintain production cuts for another six months. 

Read More

Tags
Drilling & Production
Industry News

Packers Plus continues completion success in Montney

Packers Plus Energy Services Inc. is pleased to announce the ongoing success of cemented hybrid completions in Canada, using TREX Cemented Diffusor Sleeves and Hydraulic Toe Sleeves in combination with other completion methods. Most recently, Packers Plus completed 16 extended reach lateral wells with 16 lower stages in each well for an operator in Alberta's Deep Basin Montney formation. 

Read More

Tags
Industry News
Pipelines

NEB to hold hearings on Peace River Mainline abandonment

The National Energy Board (NEB) will hold a public hearing to consider an application from NOVA Gas Transmission Ltd (NGTL) to abandon a 266-kilometre-section of the Peace River Mainline. The NEB's Hearing Order, released today, outlines the key steps and deadlines for the hearing. The hearing will include both oral and written components, including a community meeting and oral cross examination. There will also be an opportunity for Indigenous participants to present Oral Traditional Evidence. 

Read More

Tags
Asset Management
Industry News
Pipelines

UAV provider targeting pipeline monitoring market

Developed to inspect pipelines for damage, as well as for mapping and security surveillance, SkyX’s SkyOne drones offer Vertical Take-Off and Landing (VTOL) capabilities, as well as autonomous flight and recharging. SkyOne can travel at 150km per hour for 70 minutes and can detect leaks, vandalism, vegetation encroachment – and more. Founded by Didi Horn, a former Captain in the Israeli Air Force and a Drone Pilot, SkyX is targeting its Unmanned Aerial Vehicles - or drones - to service the oil and gas industry.

Read More

Tags
Drilling & Production
Industry News

PSAC supports federal funding for orphan well decommissioning

The Petroleum Services Association of Canada (PSAC) was pleased to hear the federal government will provide a one-time payment of $30 million to the Government of Alberta to “support provincial actions that will stimulate economic activity and employment in Alberta’s resource sector.” PSAC has been advocating for loans to decommission orphan wells, pipelines and facilities to get workers in this sector back to work following tens of thousands of layoffs, while improving environmental outcomes, reducing carbon emissions, and strengthening Canada’s reputation as responsible stewards of the environment.

Read More