A decade since the start of a shale gas revolution that unlocked new supplies and resulted in a "wholesale turnaround" in U.S. production, the overall size of recoverable gas reserves continues to increase and the pace of production growth is only accelerating, a new report by business information provider IHS Markit says.
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TransCanada Corporation will move forward with a proposed $140-million expansion of its NOVA Gas Transmission Ltd. (NGTL) System following the successful completion in March of an expansion capacity open season for incremental firm export delivery service at the Empress/McNeill Export Delivery Point.
Paramount Resources Ltd. has entered into a purchase and sale agreement with Strath Resources Ltd. pursuant to which Strath will acquire Paramount's oil and gas properties and related infrastructure at Resthaven/Jayar in the Kakwa region for total consideration of $340 million, subject to customary purchase price adjustments.
The period from 2006 to 2016 was a remarkable decade for Canada's oil and gas industry. Periods of rapid growth followed by sharp contractions transformed not only the industry, but also its workforce, according to the latest report released today by PetroLMI, a division of Energy Safety Canada.
Oil production in the Permian Basin, already a major force in global supply growth, will rise nearly 3 mbd by 2023 — a level of growth exceeding most recent estimates, a new outlook by business information provider IHS Markit says. What the report describes as a "stunning" level of growth will comprise more than 60 percent of net global production growth during that timeframe.
Suncor announced recently that with the completion of major planned turnaround activities and strong production from growth projects, Q2 production to date averaged approximately 636,000 barrels per day (bbls/d) reflecting the significant planned turnarounds in the quarter, and exited May at approximately 800,000 bbls/d.
SAP and Endress+Hauser will intensify their cooperation in the development of Industrial Internet of Things (IIoT) applications for the process industry. The enterprise software market leader and the specialist for process and laboratory measurement technology made the announcement during ACHEMA in Frankfurt, Germany, the world's leading trade fair for the process industry. In future, both companies intend to work closer together in the development of joint solutions, sales and customer implementation.
Inefficient and duplicative climate policies are among the factors discouraging investment in Canada's natural gas and oil industry - prompting companies to move operations to countries with little or no emissions-reduction programs thus increasing future global emissions, according to Competitive Climate Policy: Supporting Investment and Innovation, the third in a series of economic reports released by the Canadian Association of Petroleum Producers (CAPP).
There are many applications where pipes carrying chemical fluids (alkaline or acidic) or that are exposed to high temperatures need to be plugged or sealed.
Known for over 60 years of manufacturing innovative non-metallic sealless pumps Iwaki America is pleased to announce the introduction of our 316 Stainless Steel metallic sealless pump line. Iwaki Sanwa will feature two series of pumps; The MP series will feature flows to 340 gallons per minute while the smaller MMP series will be a fractional horsepower series of pumps with flows to 24 gallons per minute. Both series incorporate 316 Stainless Steel construction, a one-piece non-welded rear casing and Silicon Carbide "D" bearings allowing for limited dry run operation.
Shell Canada Energy, PetroChina Kitimat LNG Partnership, Diamond LNG Canada Ltd. and Kogas Canada LNG Ltd. announced that Petroliam Nasional Berhad ("PETRONAS") will take an equity position in LNG Canada, located in Kitimat, British Columbia on the west coast of Canada, through its wholly owned entity the North Montney LNG Limited Partnership ("NMLLP"), subject to regulatory approvals and closing conditions.
After a prolonged period of oversupply and low prices, Canadian oil and gas producers are turning to technology to reduce production costs by 10% to 20%, according to PwC Canada's new report Energy Visions: Decade of disruption, launched today in Calgary at the Energy Visions Business Forum. Given the increasingly uncertain global context, focusing on technology puts oil and gas companies in a better position to manage costs and attract investments, address environmental issues, and shape the future of the industry.
Keyera Corp. announced it is proceeding with phase two of its Wapiti Gas Plant, adding 150 million cubic feet per day of sour gas processing to the Plant, which is currently under construction south of Grande Prairie, Alberta. Based on current plans, construction of this second phase is expected to be completed in mid-2020 at an estimated cost of approximately $150 million.
The Government of Canada has stepped up for one of Canada's major industries - this is a nation building exercise of the highest order. It parallels the recent bailout of the auto industry, the railways, the first Trans-Canada Pipeline and other such undertakings.