The National Energy Board (NEB) has approved the application of Orca LNG Ltd. (Orca LNG) for a 25 year natural gas export licence with a maximum term quantity of 901 billion cubic metresFootnote 1. The issuance of this licence is subject to the approval of the Governor in Council.
When evaluating natural gas and LNG export licence applications, the NEB considers if the quantity of gas proposed to be exported is surplus to Canadian requirements, taking into account trends in the discovery of gas in Canada.
Global upstream oil and gas deal activity, including capital markets and Mergers and Acquisitions (M&A), totaled $19.3 billion from 125 transactions in June 2015, marking a $4.3 billion decrease in value from the $23.6 billion across 119 deals posted in May 2015, says research and consulting firm GlobalData.
According to the company’s latest monthly upstream deals review*, upstream M&A accounted for $8.8 billion from 18 transaction announcements in June 2015. While this was a significant drop from $11.7 billion in May 2015, the number of M&A transaction announcements increased from 13 in the previous month.
The Transportation Safety Board of Canada (TSB) has released its investigation report (P14H0011) into the 25 January 2014 rupture of a TransCanada PipeLines Limited pipeline. A 30-inch natural gas pipeline, Line 400-1, ruptured and ignited at the site of Mainline Valve 402 near Otterburne, Manitoba. The escaping gas burned for approximately 12 hours. Five residences in the immediate vicinity were evacuated until the fire was extinguished.
The investigation determined that Line 400-1 failed due to a fracture that occurred at a pre-existing crack that had remained stable for over 50 years prior to the occurrence. This crack had formed at the time of the pipeline's construction likely due to an inadequate welding procedure and poor welding quality. There was no requirement for inspections of every weld by radiography at the time of the pipeline's original construction.
With only three weeks left to become part of the presentation line-up for this year’s SPE ICoTA European Well Intervention Conference, experts in well intervention are urged to submit an abstract on the topic and share the latest developments in the field with their peers.
The annual conference, hosted by the Society of Petroleum Engineers (SPE) Aberdeen Section and the Intervention and Coiled Tubing Association (ICoTA), will take place between November 11 - 12, 2015 at the Aberdeen Exhibition and Conference Centre.
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Halliburton's Wireline & Perforating business has introduced the Reservoir Monitor Tool 3-Detector (RMT-3D) pulsed-neutron tool that helps solve for water, oil, and gas saturations within reservoirs using three independent measurements (Sigma, CO, and SATG). Relying on only one or two independent measurements can reduce the accuracy of results depending on conditions in the formation and formation fluids. The RMT-3D tool allows operators to calculate saturations using different methods to acquire accurate results. The data is collected with one trip in the hole, reducing nonproductive time and the potential for costly additional trips.
“Halliburton continues to add technologies that support our customers’ needs and operations,” said David Topping, vice president, Wireline & Perforating. “With the addition of the RMT-3D technology to our portfolio of solutions, we have the capability to provide valuable answers to help our customers increase recovery on their wells.”
Preferred Sands has announced that wells using its Arizona Sand proppant outperformed competing wells using Premium White Sand at comparable true vertical depths by up to 28 percent, or over $1,000,000 in average increased production. The findings were based on real well data provided by NavPort, which sampled deep horizontal wells in New Mexico. Results from the real well production reports also revealed that Arizona Sand proppants lowered the total proppant cost by an average of 10 percent.
All real well production reports are conducted using actual, disclosed public well data from the NavPort database. To ensure the most accurate production comparison, all wells included in a production report are identified using a strict methodology comprised of 18 distinct selection criteria, including operator name, well trajectory, hydrocarbon type, and distance (all wells included in a horizontal real well production report must be within a 1.5 mile diameter of each other).
Centeron has announced its latest evolution: Centeron Encompass – a new, comprehensive wireless tank management system. The two main components of Centeron Encompass – advanced RF tank monitors and gateways, paired with Centeron WebView and Centeron’s industry-first mobile app, will provide businesses unparalleled insight and information, increasing operational efficiencies and boosting bottom lines.
Blackmer, part of PSG, a Dover company and a manufacturer of positive displacement and centrifugal pump, and reciprocating compressor technologies, is pleased to announce the integration of S Series Screw pumps into its pump offering.
Available with or without external timing gears and bearings, Blackmer S Series pumps are self-priming double-ended positive displacement pumps that offer outstanding performance in the most demanding applications. Blackmer’s twin and triple screw designs provide complete axial balancing of the rotating screws and their timing technologies eliminate metal-to-metal contact with the pump. S Series pumps are ATEX-certified for use in explosive or dangerous environments, and have been specifically designed to address the difficult pumping challenges found in the oil & gas, process and marine industries. S Series pumps provide solutions that can meet the toughest application challenges regardless of temperature, viscosity or pressure.
The first two Volvo PL3005D pipe layers ever sold in Latin America are helping to build a 48 mile pipeline, transporting gas from an offshore platform to a processing plant in Tierra del Fuego.
Tierra del Fuego also known as the ‘Land of Fire’ is part of the remote southern archipelago off South America. Chile and Argentina share its territory and the area’s striking landscape guards hidden treasures, such as some of the world’s largest shale gas reserves. Major investment from Argentina means that it will soon produce enormous quantities of gas and boost the country’s struggling economy.
Strong second quarter operational performance helped Encana deliver its seventh consecutive quarterly increase in liquids volumes since launching its strategy to grow high-margin production. A focused and front-end loaded capital program has positioned the company to accelerate liquids production growth in the second half of 2015.
- liquids production of approximately 127,300 barrels per day (bbls/d), up 87 percent year-over-year
- over 80 percent of capital invested in the company's four most strategic assets, the Permian, Eagle Ford, Duvernay and Montney
- 59 new wells brought on production in the Eagle Ford and Permian late in the second quarter, with another 76 planned in the third quarter
- reduced Eagle Ford drilling and completion costs by $1 million per well, or 18 percent, compared to the first quarter
- pace-setting Duvernay wells with production rates of up to 2,000 bbls/d of condensate and 11.5 million cubic feet per day (MMcf/d) of rich gas after 27 days on production
- significant expansion of liquids inventory in the Montney, with higher condensate yields in Dawson South and two recent Pipestone area wells each producing over 1,000 bbls/d