TransCanada Corporation has announced its intention to change its name to TC Energy to better reflect the scope of the company's operations as a leading North American energy infrastructure company. TransCanada's shareholders will be asked to approve a special resolution to change the name at the company's next Annual and Special Meeting of Shareholders.
T.D. Williamson introduces 4-inch inspection tool for small diameter, low pressure pipelines
Prices for Canadian heavy and light oil should improve somewhat in 2019 because of increased demand from refineries in the United States, improving transportation capacity and mandatory productions cuts in Alberta, according to Deloitte's Resource Evaluation and Advisory (REA) group. In its latest report, Deloitte says these factors should begin to reduce the current oversupply of Canadian oil and help narrow the larger-than-usual differentials with WTI prices that were present in the final quarter of 2018.
In the wake of Quebec Premier Francois Legault's recent statements about Alberta oil, which have sown discontent in Western Canada, a Leger poll conducted for the MEI shows that a large majority of Quebecers prefer to get oil from Western Canada than from anywhere else in the world.
Tidewater Midstream and Infrastructure Ltd. has announced that TransAlta has exercised its option to acquire a 50 percent ownership interest in the Pioneer pipeline connecting the Tidewater owned Brazeau River Complex to TransAlta's generating units in the Keephills and Sundance area. Tidewater will construct and operate the 120 km natural gas pipeline, with an 11km lateral connecting to Sundance, which will have an initial throughput of 130 MMcf/d with the potential to expand to approximately 440 MMcf/d. The project is supported by a 15 year take or pay commitment from TransAlta. TransAlta's investment will be approximately $90 million. Construction of the 120km pipeline commenced last month and is expected to be fully operational by the second half of 2019. TransAlta's investment is subject to final regulatory approval of the lateral and licence transfers from Tidewater to the partnership.
TransCanada Corporation has entered into an agreement to sell its Coolidge Generating Station to SWG Coolidge Holdings, LLC, a wholly owned subsidiary of Southwest Generation Operating Company, LLC, for approximately US$465 million (Cdn$623 million), subject to closing adjustments and customary regulatory approvals. Located in Coolidge, Arizona, the Coolidge Generating Station is a 575-megawatt natural gas-fired power facility that is underpinned by a long-term power purchase agreement (PPA).
Cenovus Energy Inc. remains committed to increasing shareholder value through cost leadership, capital discipline and safe and reliable operations. These commitments, in combination with the company's high-quality upstream assets and joint ownership in strong refining assets, are expected to further strengthen Cenovus's ability to generate free funds flow and continue deleveraging its balance sheet in 2019.
Pembina Pipeline Corporationis pleased to announce a capital program of $1.6 billion and an Adjusted EBITDA guidance range of $2.8 to $3.0 billion for 2019.
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.
Inter Pipeline Ltd. has announced a $1.46 billion capital expenditure program for 2019. Approximately $1.34 billion, or 92 percent, of total capital expenditures will be for organic growth initiatives with the remaining invested in sustaining capital projects.
CORTEC, a manufacturer of high-quality API valves and manifolds, has received a Safety Integrity Level (SIL) certification on its Model Series "CRV" Pressure Relief Valves and Model Series "D" and "LD" Trunnion Ball Valves, which verify the safety of the products.
McIntosh Perry Consulting Engineers Ltd. (McIntosh Perry) has acquired Onstream Engineering Ltd. (Onstream), a leading provider of Engineering, Procurement and Construction Management (EPCM) Services in the Oil & Gas market in Alberta.
Oral Traditional Evidence sessions begin for Trans Mountain Expansion Project Reconsideration hearing
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.
SPX FLOW's GD Engineering brand has a long and successful history with the petrochemical and oil and gas industries. The Bandlock 2 closure is the original and benchmark design for high pressure closures. It ensures inside pressure cannot open the closure and has been proven to provide a safe, easy to use access solution with over 20,000 units in operation worldwide. Used in horizontal, vertical, inclined or declined installations for pipeline pig traps, filters, coalescers, strainers, separators, meter skid systems, hydrocyclones or any pressure vessel, even the largest of these closures can be opened in under one minute without the need for any special tools.
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.
TC PipeLines, LP reported third quarter 2018 net income attributable to controlling interests of $62 million and distributable cash flow of $83 million.
TransCanada Corporation has announced it will move forward with a $1.5 billion expansion of its NOVA Gas Transmission Ltd. (NGTL) System to connect existing and new supply to incremental intra-basin market demand.
Originally developed for areas where pumps could not be used, the Red Goose uses product velocity to sample petroleum products from pipelines at flowing conditions. There are no moving parts during operation. No pump is ever needed for gasoline, diesel fuel, jet fuel or other refined petroleum products.
The National Energy Board (NEB) has released a hearing order setting out next steps and schedule as well as requests for information from Trans Mountain and Federal Authorities required for its reconsideration of aspects of the Trans Mountain Expansion Project pertaining to project-related marine shipping.
TransCanada today announced it has placed the Western Build of its (WBX) project into service.
Canada's Federal government will re-engage First Nations in consultation regarding the proposed Trans Mountain Pipeline expansion project, but will not appeal the Federal Court of Appeals decision that quashed approvals for the line earlier this year.
Aecon Group Inc. announced that SA Energy Group, a 50/50 joint venture between Aecon and Robert B. Somerville Co. Ltd., has been awarded a $526 million contract by TransCanada Corporation, for Spreads 3 and 4 of the Coastal GasLink Pipeline project in British Columbia.
TransCanada Corporation will proceed with construction of the Coastal GasLink pipeline project after a decision to sanction the LNG Canada natural gas liquefaction facility in Kitimat, British Columbia was announced by the joint venture participants of LNG Canada, a consortium comprised of Shell, PETRONAS, PetroChina, Mitsubishi Corporation and KOGAS.
Wajax has added Continental Pump Co., a leading designer and manufacturer of progressive cavity pumps, to its extensive list of vendors.
The Canadian Energy Pipeline Association (CEPA) has released its 2018 Transmission Pipeline Industry Performance Report, highlighting how CEPA's members are performing in the areas of safety, the environment and socio-economic priorities.
The National Energy Board (NEB) will hold a public hearing to carry out its reconsideration related to the Trans Mountain Expansion Project. The NEB has assigned a panel, opened up the application-to-participate process, and is seeking comment on the focus and design of the upcoming hearing. Board Members assigned to the hearing panel are Lyne Mercier (presiding), Alison Scott, and Murray Lytle.
The Federal government has laid out the first steps in restarting the stalled Trans Mountain Pipeline expansion project, calling for a 22-week review of issues that were noted in the recent Federal Court of Appeal ruling quashing earlier approvals of the pipeline.
TransCanada Corporation is pleased to announce that its Coastal Gaslink Pipeline Project has signed community and project agreements with all of the elected Indigenous bands along its pipeline route in British Columbia. These agreements, totaling 20 across the province, exemplify the strong Indigenous support received for the proposed natural gas pipeline project in B.C.
Miller Electric Mfg. has introduced the new XMT 350 FieldPro system with Polarity Reversing. The system's technology eliminates the need to manually swap leads between welding processes — saving time and money and improving safety on the jobsite.
Kinder Morgan, Inc. announced its intention to vote in favor of the Kinder Morgan Canada Limited board's proposals that will facilitate the distribution of approximately $2.0 billion of Trans Mountain net sale proceeds as a return of capital to KMI; and reiterated its intention to use the proceeds to pay down debt. As a result, KMI currently expects to end the year at a Net Debt-to-Adjusted EBITDA ratio of approximately 4.6 times, and expects to have reduced its consolidated net debt by approximately $7.8 billion since the third quarter of 2015.
Pipe stopping and blocking where there are chemicals or high temperatures present can cause many challenges in a variety of industries including Oil and Gas and Petrochemicals. Furthermore, if those pipes have some small ovality problems it presents additional difficulties in order to achieve a good sealing.
Bureau Veritas, a global leader in testing, inspection and certification services, and CEA, a leading public research organization, are launching a Joint Industry Project (JIP) to develop a new guideline for the qualification and validation of Automated Ultrasonic Testing (AUT) systems to inspect pipeline girth welds.
A Federal Court of Appeals decision that effectively threw out government approval of the Trans Mountain Expansion Project has left the future of the project in limbo. The government of Canada, which as of August 31 is the owner of the Trans Mountain Pipeline, maintains that the expansion project will be built, but it remains uncertain as to when.
The National Energy Board (NEB) has released a condition compliance Letter Report that gives Trans Mountain Pipeline ULC (Trans Mountain) NEB approval to start construction of its expansion project on Segments 1-4 (also referred to as Spreads), from the Edmonton Terminal to its Darfield Pump Station north of Kamloops in the B.C. Interior.
Canada is a place where the environment and the economy go hand in hand. Providing a stable, effective regulatory regime to approve and oversee pipeline operations is integral to safeguarding the environment, while supporting projects in the national interest that create good jobs, strengthen and grow the middle class and help get Canada's resources to world markets will deliver economic benefits for all Canadians.
Plains Midstream Canada ULC (PMC), a subsidiary of Plains All American Pipeline, L.P., and SemCAMS ULC (SemCAMS), a subsidiary of SemGroup Corporation, announced that they have received sufficient customer interest to conduct an open season and are soliciting further producer engagement for a new Montney to Market liquids pipeline to service production from the Wapiti and potentially the Pipestone area in West Central Alberta to PMC's terminal infrastructure in Edmonton and Fort Saskatchewan, AB.
The National Energy Board (NEB) has published its Recommendations to Improve Quality Assurance of Quenched and Tempered Fittings white paper. The report provides recommendations for enhanced quality assurance of integral components of Canada's transmission pipeline systems - quenched and tempered fittings. There are thousands of fittings (elbows, tees and reducers) on NEB-regulated pipeline systems, whose proper and traceable manufacturing, distribution and procurement helps ensure the safe operation of more than 73,000 km of pipeline currently under NEB jurisdiction.