Industry News News
Pembina Pipeline Corporation has approved an additional expansion of its Peace Pipeline system, which will accommodate incremental customer demand in the Montney area by debottlenecking constraints, accessing downstream capacity, and further enhancing product segregation on the system. Phase VIII has an estimated capital cost of approximately $500 million and is supported by 10-year contracts with significant take-or-pay provisions. Phase VIII is anticipated to be placed into service in stages starting in 2020 through the first half of 2022, subject to regulatory and environmental approvals.
White Water Management Ltd. and Company co-founders and Board Directors, Kris Cudmore and Darcy Dallas, are pleased to announce the appointment of Rod Stearn as Whitewater's President and Chief Executive Officer, effective February 1, 2019.
The rising interconnectivity among devices in industries is opening up the market for wireless gas sensors. These sensors can be installed in smartphones and are designed to support Bluetooth, Wi-Fi, near-field communication, and other wireless connections. Their portability, low power requirements, and high-performance potential make them ideal for Internet of Things (IoT) applications, especially in critical and hard-to-reach areas in mining and oil & gas. With further improvements in battery life, ruggedness, form factor, and standardization, wireless gas sensors will find a wider application and revenue-generation potential.
Single Phase Power Solutions has introduced the world's first 100 hp single-phase electric motor. The Belle Single-Phase Motor uses Written-Pole technology to deliver a 100 hp single-phase motor that is compatible with readily-available single-phase utility services. The utility-friendly starting and operating characteristics provided through the use of Written-Pole technology minimize voltage sags and flicker on long single-phase distribution lines. Ideal for industrial applications in areas where three-phase power is not readily available or cost-effective, this revolutionary technology eliminates the need for phase converters or complex variable frequency drive installations.
In its first update to the 2019 Canadian Drilling Activity Forecast, the Petroleum Services Association of Canada (PSAC) has revised the number of wells drilled (rig released) across Canada for 2019 to 5,600 wells. This represents a decrease of 1,000 wells, or 15 percent, from PSAC's original 2019 drilling Forecast released in November 2018 and reflects the deteriorating investor confidence in Canada.
KROHNE, Inc. announces the availability of the new OPTISWIRL 4200 vortex flowmeter, ideal for advanced energy management systems. Used to measure both conducting and non-conducting liquids, gases and steam, the new OPTISWIRL 4200 vortex flowmeter can be used for internal monitoring of energy flows for saturated and superheated steam or hot water, and heat metering applications. It is also a perfect choice for such applications as steam boiler monitoring, burner consumption measurement, or compressed air network monitoring, including free air delivery (FAD) applications.
Magna Tyres Group is expanding its worldwide network of offices and distribution, starting with an office near Toronto, Ontario. This opens up an entire new market which makes it possible for even more clients in Canada and the US to acquire premium quality Magna Tyres products. Michael de Ruijter, CEO of Magna Tyres Group, comments: "We took a great deal of care in choosing this location for our new office. It will further strengthen our commitment to all customers in the region and is an opportunity for close daily cooperation."
Subsea oil and gas engineering firm Interventek will unveil the development of the industry's first subsea shear-and-seal safety valve powered by an integrated gas accumulator at next week's Subsea Expo show in Aberdeen, UK. This innovation builds on Interventek's existing, award-winning, Revolution valve technology by adding a gas accumulator within the valve, close to the cutting and sealing mechanism. It increases the power and speed of the valve's functionality and provides a failsafe mode triggered in the event of an emergency.
Calgary-based Value Creation Inc. (VCI) and its wholly owned subsidiary Value Chain Solutions Inc. are on track to invest $2 billion in an upgrading facility in the Alberta Industrial Heartland, just east of Edmonton, which will create more than 2,000 construction jobs and another 200 full-time positions once the facility is up and running.
MEG Energy Corp. has announced its 2019 capital investment plan and operational guidance. Highlights include a base capital budget of $200 million, to be fully funded with expected 2019 adjusted funds flow from operations, designed to sustain production capability at 100,000 barrels per day (bpd) in 2019 and 2020, as well as fund future growth projects beyond 2019; and a discretionary capital budget of $75 million, which would not be sanctioned until mid-2019 subject to market conditions at that time. Capital would be focused on advancing MEG's Phase 2B Brownfield expansion and allow MEG to achieve its previously announced target of reaching 113,000 bpd in 2020.