As the demand for increased control and functionality has increased over the years, sensor- instrumented cylinders are becoming more important in the heavy industry, subsea, and mobile equipment worlds. Position feedback sensors for hydraulic or pneumatic cylinders have most commonly used one of three technologies: Magnetostrictive (MLDTs), Variable Resistance (Pots), and Variable Inductance (LVITs) sensors. While other sensor technologies have occasionally been used in this application, the focus of this article is the comparison among these three most popularly used technologies.
Canada's ever-changing economy is taking a toll on employment rates across sectors and oil and gas businesses need to take strides to protect their companies. Between job gain and loss, and businesses that require constant attention, one of the biggest and most urgent issues is the lack of qualified workers in the industry. Oil and gas businesses need a solution to get their new employees up to speed quickly to meet their consumers' demands.
Canadian Natural Resources Limited announces that its offer to acquire all of the issued and outstanding common shares in the capital of Laricina Energy Ltd., as previously described in the Laricina press release dated July 26, 2018, has been accepted by holders of Laricina Shares representing 98.7% of the issued and outstanding Laricina Shares on a fully diluted basis. Accordingly, the minimum tender requirement under applicable Canadian securities laws has been satisfied and all other conditions to the Offer have been satisfied.
Honeywell's UOP Russell business has introduced a new high recovery cryogenic gas processing plant that is 50 percent larger than other pre-engineered plants currently available. With a capacity of 300 million standard cubic feet per day, the new SC-30 gas plant employs Ortloff Recycle Split Vapor technology that can recover more than 99 percent of high-value ethane from natural gas.
TransCanada Corporation is pleased to announce that its Coastal Gaslink Pipeline Project has signed community and project agreements with all of the elected Indigenous bands along its pipeline route in British Columbia. These agreements, totaling 20 across the province, exemplify the strong Indigenous support received for the proposed natural gas pipeline project in B.C.
Halliburton XtremeGrip liner hangers have been installed to a depth of 30,924 feet in the Gulf of Mexico Hess-operated Stampede deepwater development, setting a record depth for the XtremeGrip system. To facilitate the completions, Halliburton installed a total of 37 XtremeGrip expandable liner hangers across seven wells to date, with no liner-top leaks or remedial work required.
Baker Hughes, a GE company, announced that the Baker Hughes international rig count for August 2018 was 1,008, up 11 from the 997 counted in July 2018, and up 56 from the 952 counted in August 2017. The international offshore rig count for August 2018 was 212, down 5 from the 217 counted in July 2018, and up 11 from the 201 counted in August 2017.
Source Energy Services Ltd. announced it has entered into a three-year agreement with a multinational exploration and production company to provide Northern White frac sand for its Duvernay program. The take or pay agreement will commence January 1, 2019 and allows for the customer and Source to expand volumes to further support the customer's growing Canadian operations.
Pengrowth Energy Corporation has provided a model of potential cash flows at various West Texas Intermediate Crude pricing and updated investors on production as well as oil market access. All amounts are stated in Canadian dollars unless otherwise specified. Pengrowth also announced their participation in the Peters & Co. 2018 Energy Conference.
Alberta Premier Rachel Notley and Energy Minister Margaret McCuaig-Boyd joined Suncor officials, local contractors, First Nations leaders and other delegates to celebrate the grand opening of Fort Hills, a project which put 7,900 people to work at the peak of construction and is employing 1,400 people full time now that the facility is operational.
AltaGas Ltd. has entered into definitive agreements for the sale of non-core midstream and power assets in Canada and power assets in the United States, for total proceeds of approximately $560 million. The proceeds from the sale of these assets will be used to repay a significant portion of the bridge facility related to the acquisition of WGL Holdings Inc.