Industry News News
Baker Hughes, a GE company announced that the Baker Hughes international rig count for November 2018 was 991, down 26 from the 1,017 counted in October 2018, and up 49 from the 942 counted in November 2017. The international offshore rig count for November 2018 was 206, down 1 from the 207 counted in October 2018, and up 23 from the 183 counted in November 2017.
More than 2,500 Rotork IQ3 electric actuators have been installed at a Chinese oil refinery and petrochemical complex. Zhejiang Petroleum & Chemical Company Ltd, which refines oil and manufactures chemical products, ordered the actuators for the refinery in construction on the island of Zhoushan, near Shanghai.
The new xLC unit on the NEMO progressing cavity pump from NETZSCH triples the service life of the pump, particularly when conveying difficult, abrasive media. When wear occurs in the rotor-stator system, the new xLC unit allows the performance of the pump to be re-established by adjusting the preload between the conveyor elements.
TransCanada Corporation has secured 675,000 gigajoules (GJ) (630 million cubic feet) per day of new natural gas transportation contracts from the Western Canadian Sedimentary Basin (WCSB) on TransCanada's Canadian Mainline. Its North Bay Junction Open Season resulted in long-term, fixed-priced contracts for service that will reach markets in Ontario, Quebec, the Maritimes and the Northeastern U.S.
As Western economies have struggled with the upheavals brought about by globalization, technological change, and disruption, one sector remained consistently strong for Canada: the energy industry. Put simply, Canada's economy cannot prosper without a growing and healthy resource sector.
Algonquin Power & Utilities Corp. announced that its subsidiary Liberty Utilities (Canada) LP has entered into an agreement to purchase Enbridge Gas New Brunswick Limited Partnership , a subsidiary of Enbridge Inc., along with its general partner for C$331 million, subject to certain customary adjustments. New Brunswick Gas is a regulated utility that provides natural gas to approximately 12,000 customers in 12 communities across New Brunswick, and operates approximately 800 km of natural gas distribution pipeline.
Alberta Premier Rachel Notley has announced a temporary slowdown in oil production in the province to try and combat low prices for Albertan oil driven by a lack of shipping capacity to U.S. refiners. That gap is costing the country more than $80 million daily, according to the Alberta government, which blames the troubles largely on the federal government's inability to move pipeline construction forward.
Vermilion Energy Inc. has announced completion of the sale of Shell Overseas Holdings Limited's 45% interest in the Corrib Natural Gas Project in Ireland to Nephin Energy Holdings Limited (NEHL), a wholly owned subsidiary of Canada Pension Plan Investment Board (CPPIB), and the transfer of operatorship to Vermilion. NEHL has acquired 100% of Shell E&P Ireland Limited, which holds 45% interest in Corrib.
OMEGA Engineering is inviting customers to explore its new Canada website. Designed to offer B2B customers a consumer-oriented experience, the site has been completely overhauled. Customers will discover not only cutting-edge functionality, but improvements that make it easier and more seamless to order products, search for content, or manage their account.
PetroShale Inc. has announced its financial and operating results for the three and nine month periods ending September 30, 2018. In addition, the Company announces the appointment of Mr. Caleb Morgret as Chief Financial Officer (CFO), who will assume the role from Mr. David Rain, who is retiring effective November 30, 2018.
Victrex has designed a new high-performance PEEK polymer to offer the cryogenics industry a sealing solution with a broader range of usage temperature compared to existing polymers such as PCTFE and is introducing its new VICTREX CT 200 for dynamic sealing applications where gases such as LNG are stored and transported at cryogenic temperatures [-150°C to -200°C (-238°F to -328°F)].
November marked the four-year anniversary of the return of the segment-redefining Colorado midsize truck. Introduced as a 2015 model, the Colorado recorded its first full month of sales in October 2014. Since then, Canadian customers have bought 24,000 Colorados.
Progress Energy Canada Ltd. has changed its name to PETRONAS Energy Canada Ltd. (PETRONAS Canada), effective November 22. PETRONAS is Malaysia's fully integrated oil and gas multinational ranked among the largest corporations on FORTUNE Global 500. PETRONAS entered Canada as part of a joint venture with Progress Energy in 2010, and Progress Energy became a subsidiary of PETRONAS in 2012.