Did you know Val-Matic has seven different types of check valves? Val-Matic's Check Valves include the Dual Disc, Foot Valve, Silent Check, Swing Check, Swing-Flex, Surgebuster, and Tilted Disc which are highly engineered to provide long life and trouble-free performance to meet the valve needs of its customers. Engineers weigh the importance of slamming characteristics as one of the factors when selecting a check valve.
Local mayors, First Nations, trades and business are applauding measures by the British Columbia government that will officially remove barriers and create a level playing field for the liquefied natural gas (LNG) industry and realize the opportunity for British Columbians to add value to our natural gas. This new industry will create thousands of new jobs, trades apprentices, contractor opportunities across B.C. and new revenue for local, provincial and federal governments.
Rotork has launched the latest generation of its innovative monitoring and control system for valve actuators and plant equipment.
The National Energy Board (NEB) has released a report examining short and long-term options to optimize oil pipeline capacity out of Western Canada as requested by Amarjeet Sohi, Minister of Natural Resources.
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.
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.
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.
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.
Enbridge Inc. reported fourth quarter and full year 2018 financial results and provided a quarterly business update.
Cenovus Energy Inc. delivered strong operating performance in 2018 but took a financial hit in the process, the company reported in its year-end results release. While solid production continued across Cenovus operations, a $1.3 billion loss in the fourth quarter pushed it to a net loss of $2.9 million for the year.
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.
Up to 75 percent of the under-construction Coastal GasLink pipeline could be sold by TransCanada after the company engaged RBC Capital Markets to manage the transaction recently.
The NEB has rejected a request by the City of Burnaby to rescind two Orders that authorize Trans Mountain Pipeline ULC to undertake pipeline relocations and decommissioning works at its Burnaby Terminal. The decision enables the company to continue its ongoing work to modify existing piping and related infrastructure within the facility.
T.D. Williamson (TDW) has commercialized a 4-inch magnetic flux leakage (MFL) + deformation (DEF) + internal versus external discrimination (IDOD) tool that helps ensure pipeline integrity by detecting pitting and general corrosion as well as interacting features such as dents with metal loss in small diameter, low pressure pipelines.
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.
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.