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Global industry changes create uncertainty for oil and gas

Key drivers underpinning capital allocation, market alignments and operating characteristics of the global oil and gas industry are undergoing rapid changes - and creating greater uncertainty in the commodities market. PwC Canada's new report Energy Visions: Who's in Charge launched today in Calgary focuses on key actions the Canadian industry must take to achieve greater agility in this changing marketplace. 

OPEC policy changes have affected heavy oil trade flows, according to the report. Up until recently, US shale supply was dependent on prices, actions, and decisions of Saudi Arabia and core OPEC members. But the extreme price volatility and existence of a new significant source of non-OPEC supply (US shale) have challenged OPEC's authority. Lower OPEC exports of heavy sour crude to Asia have driven up prices, making it economically feasible for North American barrels to reach that market. 

According to the report, the resilience of US shale under the 'lower-for-longer' oil price environment has been stunning. Even though US production fell from a high of about 9.6 million bpd in April 2015 to about 8.6 million bpd in November 2016, the rate of decline was much slower than many predicted. 

"With the new US Administration and a freshly signed OPEC agreement, the outlook is still one of uncertainty for oil and gas. Price volatility continues to be a determining factor that will impact current and future strategies for all industry players," said Reynold Tetzlaff, National Energy Leader at PwC Canada. "The Canadian sector stands at a crossroad where it must balance well managed cost containment, capital discipline, strong sustainability practice, operational excellence and an innovation culture if it wants to survive the lows and excel in the future." 

Canadian oil and gas companies aren't ignoring the increasing impact carbon has on their operations or the growing relationship carbon has with attracting and maintaining capital in Alberta, especially in the eyes of international investors. Greater collaboration between government, industry, stakeholders are required to hold Canada accountable to reduce greenhouse emissions while remaining globally competitive.  

"The world needs oil and gas and that will not change in the near term. I am confident that Canada, with our technological innovations and ingenuity, and strong environmental standards, is well positioned to build on its position as a global leader within the sector," adds Tetzlaff.

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Shows & Events

Oil Sands Trade Show returns to Fort McMurray for 2017

Oil Sands Trade Show and Conference (OSTS) is returning to Fort McMurray and will offer attendees expertise and insights from all aspects of the oil sands industry in one setting. This premier oil sands event takes place Tuesday, September 12 to Wednesday, September 13 at the Suncor Community Leisure Centre in Fort McMurray. OSTS will focus on promoting the latest industry technologies, maintenance, shutdowns/turnarounds, mining, upgrading, health and safety, and environmental strategies, and offer attendees access to many free-to-attend conference sessions.

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Software & IT

New publishing and cloud platform support for process insights

Seeq Corporation announces the release of its latest version, Seeq R18. This is the 7th release of Seeq software in just the past 18 months, driven by input from customers expanding their use of Seeq. Seeq is a visual analytics application for engineers and scientists in process manufacturing organizations to rapidly wrangle, investigate, and share insights on production data. Target markets include oil & gas, pharmaceutical, chemical, energy, mining, food and beverage, and other process industries. 

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Instrumentation, Systems & Automation

Family of multipoint thermal flow meters

Process and plant engineers responsible for optimizing combustion or pre-heated air to large boilers, stack environmental emissions monitoring and reporting (U.S. EPA CEMS), or flue gas/scrubber balancing, will find an optimal solution in FCI's family of multipoint thermal flow meters. Designed specifically for flow measurement in round pipes or stacks of 12 inches [300 mm] and larger diameter, and square or rectangular ducts with cross sectional area of 100 inches [250mm] and larger, the model ST102A Flow Meter and the new MT100 Series Flow Meters from Fluid Components International (FCI) provide two to eight non-clogging, no moving parts sensing points that ensure superior accuracy repeatability and reliable operation. 

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Instrumentation, Systems & Automation

Liquid analyzers provide consistent process data

With their intelligent design, precision accuracy and excellent reliability, the family of modular S80-T80 Liquid Analyzers from Electro-Chemical Devices (ECD)provides engineers and managers with the consistent process data they need to obtain and maintain a wide range of global, regional and local quality, environmental, safety and other certifications, as well as achieve government regulatory operational compliance.

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Instrumentation, Systems & Automation

Wall-mounted particle/mass monitors have multiple options

GrayWolf Sensing Solutions has introduced a new, branded 6-channel Particulate Meter which optionally incorporates sensors for additional environmental parameters such as Total Volatile Organic Compounds (TVOCs), Carbon Dioxide (CO2), Temperature and Relative Humidity. This wall-mounted monitor, a modified version of the portable PC-4005 introduced last year, displays and logs calculated particle mass concentrations while simultaneously displaying and logging all installed optional sensors.

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Pipelines

Enbridge hosts provincial, federal leaders for Line 3 tour, kickoff

Premier Rachel Notley, Amarjeet Sohi, federal Minister of Infrastructure and Communities, Kent Hehr, federal Minister of Veterans Affairs and Leo Golden, Enbridge vice-president tour the Line 3 construction site in Hardisty, Alberta.  – Province of Alberta

On Thursday, Aug. 10, 2017, Enbridge hosted a Line 3 Replacement Program (L3RP) construction right-of-way tour for a number of federal, provincial, and municipal leaders, including Premier Rachel Notley. Notley, Amarjeet Sohi, federal Minister of Infrastructure and Communities, and Kent Hehr, federal Minister of Veterans Affairs were on hand for the tour near Hardisty, AB.

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Industry News

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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Drilling & Production

Coiled tubing simulation software enables data-driven decisions

CIRCA coiled tubing simulation software from Baker Hughes enables coiled tubing service providers to maximize equipment performance and improve operational efficiency in well interventions. Based on learnings from the field and built and refined over three decades, the software allows coiled tubing providers and operators to build better job models for more predictable results. 

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Instrumentation, Systems & Automation

Probe plans acceleration of global expansion with investment

Probe Technologies Holdings, a supplier of logging and reservoir monitoring technology to the global oil and gas and geothermal industries, announced that Turnbridge Capital has completed a growth recapitalization of the Company alongside its experienced management team.  Federico Casavantes continues leadership of the Company as its President & Chief Executive Officer, while Gary Cresswell has joined to serve as Executive Chairman of Probe. 

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Environmental
Industry News

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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Industry News

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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