Industry News News
Despite a recovery in the price of oil, and LNG Canada's positive announcement early in Q4 that it would be building its LNG export facility, drilling activity in 2018 remained flat year-over-year. Once again the politicization of oil and gas infrastructure in Canada, along with increased taxation and regulatory requirements, resulted in significant delays and additional costs for Canadian producers, and sustained price differentials for Canadian crude blends.
In an effort to assess the potential quantity of renewable natural gas (RNG) in Québec and determine the role that it could play in the energy transition, the consortium of WSP Canada and Deloitte conducted a study to evaluate the technical and economic potential for RNG production in Québec between now and 2030. This study, which was requested by Énergir, was overseen by a steering committee of key industry players. This group of experts included the Chair in Energy Sector Management - HEC Montréal, the Conseil de l'industrie forestière du Québec, Énergir, RECYC-QUÉBEC and the Union des producteurs agricoles.
AltaGas Ltd. announced the appointment of Randall (Randy) Crawford as Chief Executive Officer and member of the Board of Directors, effective December 10, 2018. Mr. Crawford assumes this role from David Cornhill and Phillip Knoll who will continue as interim co-CEOs until the effective date. Mr. Crawford will join the AltaGas senior leadership team in Calgary, Alberta, and will lead the next stages of the company's ongoing evolution.
Validere is pleased to announce a strategic partnership with Razor Energy Corp. Validere's AI and IoT platform will allow Razor to optimize product quality and improve the product value that Razor receives. Partnerships such as this are an important step in achieving Razor's announced third quarter objectives to focus on efficiencies and take advantage of infrastructure and equipment investments.
Komatsu America Corp. has announced that the FrontRunner Autonomous Haulage System (AHS) has achieved the unprecedented milestone of more than two billion tons of surface material moved autonomously. The FrontRunner system has now hauled more than all other commercial mining autonomous haulage systems combined.
Suncor announced that Steve Williams will retire as chief executive officer at the company's Annual General Meeting on May 2, 2019. Mark Little, chief operating officer is appointed president effective immediately and will assume the role of chief executive officer upon Williams' retirement next May.
The boom in U.S. oil and gas production over the past decade has exerted a moderating force on what is a large domestic merchandise trade deficit by helping reduce the country's net petroleum imports, a new report by business information provider IHS Markit says. Continued U.S. production growth is now on track to make the country a net-exporter of petroleum for the first time since at least 1949.
BiSN, a leader in innovative metal-to-metal downhole sealing solutions, is celebrating multiple ground-breaking firsts for the business. Working with various new clients, BiSN has expanded its marketplace, deploying tools in three new regional locations, including the Denver-Julesburg basin in Colorado, Australia and Algeria.
Mixing is a vital part of many processes. How a mixer performs can affect final product quality, productivity, process times and energy efficiency. There are many factors in the design of a mixing solution that will affect how well it operates. Understanding how to optimize these can make a real difference to plant efficiency and profitability - and this is where SPX FLOW can really help.
The International Gas Union (IGU) welcomes findings in the International Energy Agency's latest World Energy Outlook (WEO), which suggest that natural gas remains the second fastest growing energy source after renewables through to 2040, with global consumption rising 45% under the New Policies Scenario.
Major transformations are underway for the global energy sector, from growing electrification to the expansion of renewables, upheavals in oil production and globalization of natural gas markets. Across all regions and fuels, policy choices made by governments will determine the shape of the energy system of the future.