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"Dysfunctional" oil and gas industry brings challenges for drillers: CAODC forecast

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. 

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Oral Traditional Evidence sessions begin for Trans Mountain Expansion Project Reconsideration hearing

In May, 2016 the NEB recommended that the Federal government approve the Trans Mountain Expansion Project subject to 157 conditions. The Federal Government approved the project in November 2016.

The National Energy Board (NEB) is starting three weeks of Oral Traditional Evidence (OTE) proceedings as part of the Trans Mountain Expansion Project Reconsideration hearing pertaining to project-related marine shipping. 

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Energy transition: Two thirds of natural gas may come from renewable sources in Québec by 2030

The results of the study are very promising, as they show that as of 2018, the technical and economic potential amounts to 25.8 million GJ, which corresponds to 12% of the volume of natural gas currently distributed by Énergir in Québec.

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.

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AltaGas appoints Randall Crawford as chief executive officer

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.

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Razor Energy deploys Validere's AI technology to optimize product quality and barrel value

Razor Energy deploys Validere's AI technology to optimize product quality and barrel value

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.

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FrontRunner autonomous haulage system sets new record with latest industry milestone

Today’s FrontRunner system operates around the clock hauling copper, iron and oil sands, at seven sites, across three continents.

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.

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WB XPress' project Eastern Build placed into service

“The completion of WB XPress marks another significant milestone for TransCanada as we continue to deliver on our commitment of creating high-value takeaway capacity for our customers.”

TransCanada Corporation announced the Eastern Build of WB XPress (WBX) has been placed into service, completing the final phase of a critical natural gas infrastructure project that provides Appalachian producers with access to Mid-Atlantic markets.

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Shale revolution keeps US trade deficit in check

“The improved U.S. trade position in petroleum has been a counterbalancing force helping to keep the U.S. trade deficit in check over the past decade,” said Daniel Yergin, vice chairman, IHS Markit.

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.

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Drilling & Production

Schlumberger Introduces new well testing technology

“Concert performance significantly increases operational control and collaboration, providing a step-change in operational efficiency with particular focus on safety and the environment.”

Schlumberger introduced Concert well testing live performance technology at the Abu Dhabi International Petroleum Exhibition & Conference. The new technology brings real-time surface and downhole measurements, data analysis, and collaboration capabilities to well testing.

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BiSN continues to drive innovation with successful global deployments

When BiSN aren’t entering new regions, with new clients, they are successfully deploying revolutionary technology in more familiar areas.  BiSN recently deployed the largest bismuth plug in the Valhall A-30 well, Norway, in conjunction with AkerBP and Altus Intervention.

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.

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DeltaTek banks eight-hours of rig time for Chevron with SeaCure technology

CEO and founder of DeltaTek, Tristam Horn said: “We are delighted to have successfully completed our first SeaCure job for Chevron. This is a significant achievement for DeltaTek and demonstrates the value the technology can add to drilling operations.

Well construction specialist DeltaTek Global has announced the inaugural deployment of its SeaCure technology.

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Reliable, proven and highly efficient mixing for the oil industry

To avoid drips on the ground and afford greater environmental protection, the Plenty side entry mixers have a wear resistant tank shut-off device with safety check valve, which provides reliable tank closure for seal and bearing maintenance under full tank conditions.

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.

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Natural gas essential in ensuring energy security

Consumption of natural gas to rise up to 45% by 2040 – with air quality policies in China a key driver.

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.

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World Energy Outlook 2018 examines future patterns of global energy system at a time of increasing uncertainties

While the geography of energy consumption continues its historic shift to Asia, WEO 2018 finds mixed signals on the pace and direction of change. Oil markets, for instance, are entering a period of renewed uncertainty and volatility, including a possible supply gap in the early 2020s.

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.

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