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U.S. natural gas production may grow up to 60 percent in next 20 years

A well in the Pennsylvania Marcellus Shale.  – Flickr user wcn247, used under Creative Commons license https://creativecommons.org/licenses/by-nc/2.0/

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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Permian Basin production expected to rise by 3 million bpd by 2023, report shows

Permian Basin production expected to rise by 3 million bpd by 2023, report shows

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.

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Software & IT

SAP and Endress+Hauser work on joint IIoT solutions

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.

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Climate policies must be more efficient to attract investment to Canada: CAPP

Climate policies must be more efficient to attract investment to Canada: CAPP

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)

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Iwaki adds sealless pump line

Iwaki adds sealless pump line

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.

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Petronas to acquire 25 percent of LNG Canada

Petronas to acquire 25 percent of LNG Canada

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.

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Digitization may save energy producers 10 to 20 percent in production costs: PwC

Digitization may save energy producers 10 to 20 percent in production costs: PwC

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.

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Drilling & Production
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Keyera to go ahead with Wapiti plant phase two

Keyera to go ahead with Wapiti plant phase two

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.

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