Despite each of our daily lives becoming increasingly digitized to save us time and money and keep us safe and healthy, many areas of heavy industry, especially those which rely on large-scale physical infrastructure, are still grappling with how to integrate meaningful technologies that will move them beyond cumbersome and costly analogue processes.
Sproule launches new Canadian NGL Report
United Electric Controls, a producer of safety, alarm and shutdown technology, has announced that it has added carbon monoxide (CO) to the list of gases detected by the latest Vanguard WirelessHART gas detector. Vanguard version 1.2 also includes new mounting flexibility and a variety of other features that enhance installation, configurability and maintainability.
BNK Petroleum Inc. has announced that its total proved reserves as of the end of 2018 is 33.8 million barrels of oil equivalent (BOE), an increase of 26% over the previous year. Its proved plus probable reserves are an estimated 53.3 million BOEs.
Canadian Natural has reported its 2018 fourth quarter and full year results, indicating that the company is continuing to show growth, even within a challenging oil and gas industy.
Questerre Energy Corporation has executed a definitive purchase and sale agreement with a senior exploration and production company to acquire all their assets in Quebec. This follows the letter of intent signed in early 2018 as set out in the Company's press release dated June 4, 2018.
Rotork IQ3 intelligent multi-turn electric actuators have been specified for use in solar powered control stations for water gathering pipelines in the USA.
Endress+Hauser is investing $38.5 million into a new 112,000 square-foot Gulf Coast Regional Center Campus. The company officially broke ground on March 7, 2019, at its new site in Pearland's lower Kirby District, just outside of the Houston area. Completion is projected by the end of 2020.
Baker Hughes, a GE company announced that the Baker Hughes international rig count for February 2019 was 1,027, up 3 from the 1,024 counted in January 2019, and up 48 from the 979 counted in February 2018. The international offshore rig count for February 2019 was 250, up 8 from the 242 counted in January 2019, and up 56 from the 194 counted in February 2018.
Tracking and reducing methane emissions from oil and gas operations needs an innovative approach, according to new report from the C.D. Howe Institute. In "Measuring and Managing the Unknown: Methane Emissions from the Oil and Gas Value Chain" authors Sarah Marie Jordaan and Kate Konschnik highlight the growing pressure on industry and policymakers to address the "unknown" factor in greenhouse gas emissions and propose a regulatory approach that remains open to new technologies.
Rittal is committed to its global strategic partnership with ABB to provide edge data center solutions for industrial organizations. Rittal's collaboration with ABB on secure edge data centers continues to grow, including through the annual ABB Customer World event in Houston.
Saskatchewan’s taxes on new oil and gas investment highest among North American energy producers: Fraser Institute
Saskatchewan has the highest taxes on new oil and gas investment among all major energy-producing jurisdictions in North America, which is harming the province's competitiveness, finds a new study released by the Fraser Institute, an independent, non-partisan Canadian policy think-tank.
Dedicated to securing and protecting trust in the digital economy, Schneider Electric today announced its membership in the Cybersecurity Coalition, based in Washington, D.C. As a digital transformation leader operating in more than 100 countries, Schneider Electric continues to work closely with governments, customers, and partners to play a principal role in confronting cybersecurity risks and challenges. By joining the Coalition, Schneider affirms its commitment to being open, transparent, and collaborative so it can better detect, prevent, and respond to cyber threats across its extended enterprise.
CIRCOR Industrial Valves announces the cost-saving Rotable Critical Trim Refurbishment Program. Eliminating the delay and expense of cutting out a leaking valve, the program replaces internal valve components to return valve function quickly while restoring the removed parts for future use.
In the oil and gas industry, failing to perform ongoing maintenance on equipment can have severe consequences including reducing equipment service life, causing unplanned shutdowns and degrading performance. Ongoing maintenance is required to remove rust, corrosion and other accumulated material from the inside diameter (ID) of valves, pumps, piping, diesel engines, motors, natural gas compressors, flow meters and other large bore equipment. Often, this maintenance work is performed in the field under harsh conditions.
Ritchie Bros. has conducted its first Edmonton, AB auction of the year, selling more than 5,000+ equipment items and trucks over three days for CA$69+ million (US$52+ million)—up 15% year over year.
A landmark gift from Pembina Pipeline Corporation is ensuring working landscapes across the Canadian Prairies also work for conservation. Its $1-million investment in Ducks Unlimited Canada's (DUC) Revolving Land Conservation Program will protect approximately 2,000 acres (809 hectares) of important wetland habitat. At the same time, communities across Alberta and Saskatchewan will profit from a host of environmental benefits.
D&L Oil Tools introduces the patented ProTension Safe Tension Tool (STT), which was designed as a safety tool to eliminate the potential for loss of well control when pulling a tubing string into tension. Additionally, it allows operators to safely set tubing anchors and other downhole tools in tension.
Cuda Oil and Gas Inc. has released the results of its 2018 year-end oil and gas reserves evaluation for Wyoming and Alberta.
FLIR Systems, Inc. has launched the FLIR GF77 Gas Find IR, its first uncooled thermal camera designed for detecting methane. This handheld camera offers inspection professionals the features they need to find potentially dangerous, invisible methane leaks at natural gas power plants, renewable energy production facilities, industrial plants, and other locations along a natural gas supply chain. The GF77 provides methane gas detection capability at roughly half the price of cooled gas inspection thermal cameras, to empower the oil and gas industry to reduce emissions and ensure a safer work environment.
Technical Toolboxes, al provider of desktop and cloud-based pipeline engineering software, as well as industry training for pipeline engineering and technical professionals, has released the Pipeline HUB (HUBPL) to integrate pipeline data and better facilitate customers' technical work.
Husky Energy generated funds from operations of $4 billion in 2018, an increase of 21 percent from 2017. Annual net earnings rose 85 percent to $1.5 billion, and free cash flow was $426 million.
Perkins opens third Regional Logistics Centre in Curitiba, Brazil, to serve South and Central America
Perkins has announced the planned opening of a new Regional Logistics Centre (RLC) in Curitiba, Brazil, to support Original Equipment Manufacturers (OEMs) and Perkins distributors in South and Central America. Co-located with the Perkins engine manufacturing facility in Curitiba, the new RLC - expected to be operational in the first quarter of 2019 - will stock more than 3,000 genuine Perkins parts and provide next day or two-day delivery for most of the region.
The National Energy Board (NEB) released its report and recommendations on the Reconsideration Hearing. The report will play a substantial role in the Governor in Council's decision on the Trans Mountain Expansion Project.
Pembina Pipeline Corporation has announced its financial and operating results for the fourth quarter and full year 2018. Pembina delivered strong 2018 financial and operational results leading to record full year earnings and Adjusted EBITDA. These results were largely driven by the full-year contribution from assets included in the acquisition of Veresen Inc. in October 2017 and assets placed into service following a large-scale capital program, driving growing revenue volumes. Highlights for the fourth quarter and full year 2018 include:
- Fourth quarter and full year earnings of $368 million and $1.3 billion, a 17 percent decrease and 45 percent increase, respectively, over the same periods in 2017;
- Cash flow from operating activities of $674 million for the fourth quarter and $2.3 billion in 2018, increases of 29 percent and 49 percent, respectively, over the same periods in 2017. Adjusted cash flow from operating activities increased by nine percent and 54 percent to $543 million and $2.2 billion in the fourth quarter and full year 2018, respectively, compared to the same periods in 2017;
- On a per share (basic) basis, cash flow from operating activities for the fourth quarter and full year 2018 increased by 28 percent and 26 percent, respectively, compared to the same periods in the prior year. On a per share (basic) basis, adjusted cash flow from operating activities for the fourth quarter increased eight percent and 31 percent for the full year compared to the same periods of the prior year;
- Fourth quarter and full year operating margin of $800 million and $3.2 billion, were seven percent and 64 percent higher, respectively, than the same periods of the prior year; and
- Fourth quarter and full year Adjusted EBITDA of $715 million and $2.8 billion, representing six percent and 67 percent increases, respectively, over the same periods in 2017.
The decision by the National Energy Board to approve continued work on the Trans Mountain Pipeline Expansion was welcomed by its owner, the Canadian government, while opponents have suggested that any attempt to restart construction will end with court challenges.
The National Energy Board (NEB) has delivered its Reconsideration report to the Government of Canada, with an overall recommendation that the Trans Mountain Expansion Project (Project) is in the Canadian public interest and should be approved.
NASTT's 2019 No-Dig Show will take place March 17-21, 2019 at the Donald E. Stephens Convention Center. The conference will host more than 200 exhibitors and over 2,000 attendees who include public works, contractors, engineers, utility owners, damage prevention and industrial facility personnel.
Tourmaline Oil Corp. is pleased to report very strong total reserve growth, liquids reserve growth and a continued reserve value increase in the current depressed natural gas price environment. The Company executed on the 2017-2018 plan to concentrate almost entirely on internal EP growth and has produced the best reserve metrics in the Company's 10 year history over the past two years.
Inter Pipeline Ltd., in its financial and operating results for the three and twelve-month periods ended December 31, 2018, announced a record $1.1 billion in funds from operations, a 10 percent increase over the previous year, with its natural gas liquids processing business reaching a record annual FFO of $445 million.
Another component has been added to the product portfolio of the NEMO progressing cavity pump from NETZSCH: the xLC unit. This unit 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.
Logan Industries, a hydraulic repair, manufacturing and rental company, has successfully completed a Reduced Bore Direct Acting Tensioner (RB-DAT) project to enable the use of the DAT in shallow water.
Rockwell Automation, which is dedicated to industrial automation and information, and Schlumberger, a leading provider of technology for reservoir characterization, drilling, production, and processing to the oil and gas industry, have entered into an agreement to create a new joint venture, Sensia, the first fully integrated digital oilfield automation solutions provider.
Pulse Oil Corp. is happy to announce that the Company intends to drill two new wells within the Bigoray EOR acreage in February and March 2019.
Today, GTI has released a site-specific engineering design titled Low-Carbon Renewable Natural Gas (RNG) from Wood Wastes. GTI led a team of engineers and scientists to produce a "blueprint" for converting an existing biomass facility into an RNG production site, using the wood waste feedstock and some of the existing infrastructure. A biomass power plant in Stockton, California, was the host site for the engineering design effort. In addition to providing data about the process technologies, the integrated plant, and production costs, the study highlights the many environmental benefits and the low-carbon fuel produced.
Enbridge Inc. reported fourth quarter and full year 2018 financial results and provided a quarterly business update.
Sanctions against Venezuela's state oil company by the United States are one of numerous potential challenges to the supply of crude oil moving forward through the first part of 2019, according to a report by the International Energy Agency.