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Tourmaline adds reserves through 2018

After ten years of operation, Tourmaline has 2P natural gas reserves of 11.7 tcf and 2P liquid reserves of 505.2 mmboe of oil, condensate and liquids (December 31, 2018).  The Company has the largest publicly-reported, independently-assessed, 2P natural gas reserves in Canada.

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.

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Netzsch adds xLC stator adjustment to triple service life of pumps

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. 

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Rockwell, Schlumberger start joint venture to create integrated automation solutions provider

The Sensia joint venture will be the first fully integrated provider of measurement solutions, domain expertise, and automation to the oil and gas industry.

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.

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Average January rig count for Canada sees increase: Baker Hughes

Baker Hughes, a GE company announced  that the Baker Hughes international rig count for January 2019 was 1,023, down 2 from the 1,025 counted in December 2018, and up 63 from the 960 counted in January 2018. The international offshore rig count for January 2019 was 241, up 7 from the 234 counted in December 2018, and up 45 from the 196 counted in January 2018.

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BHGE introduces light non-composite conventional frac plug

Constructed completely of an engineered alloy material, the MILLITE plug does not contain any heavy metal or ceramic parts, making it the lightest conventional plug on the market.

Baker Hughes, a GE company has introduced the MILLITE lightweight frac plug, which mills out more smoothly and cleans up better than any other conventional frac plug on the market, cutting costs and helping customers achieve first oil faster.

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Packers Plus adds new cutting-edge completion solutions to product lines

Packers Plus' new technologies will be featured at the 2019 SPE Hydraulic Fracturing Technology Conference and Exhibition (HFTC), February 5-7 in the Woodlands, Texas.

Packers Plus Energy Services Inc. is adapting to the industry's changing needs and introducing operators to a diverse selection of high-quality completion technologies to increase production, save time and reduce risk.

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Deteriorating investor confidence in Canada causes cut in PSAC 2019 forecast

A drill rig in Saskatchewan. – Flickr - user jeffsand; used under Creative Commons license

In its first update to the 2019 Canadian Drilling Activity Forecast, the Petroleum Services Association of Canada (PSAC) has revised the number of wells drilled (rig released) across Canada for 2019 to 5,600 wells. This represents a decrease of 1,000 wells, or 15 percent, from PSAC's original 2019 drilling Forecast released in November 2018 and reflects the deteriorating investor confidence in Canada.  

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Shows & Events

Interventek launches Revolution PowerPlus safety valve technology at Subsea Expo

The efficient, compact design is also the reason that the valve is able to incorporate the gas accumulator power source within its housing.

Subsea oil and gas engineering firm Interventek will unveil the development of the industry's first subsea shear-and-seal safety valve powered by an integrated gas accumulator at next week's Subsea Expo show in Aberdeen, UK. This innovation builds on Interventek's existing, award-winning, Revolution valve technology by adding a gas accumulator within the valve, close to the cutting and sealing mechanism. It increases the power and speed of the valve's functionality and provides a failsafe mode triggered in the event of an emergency. 

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LORD Corp. telescopic joint packers receive second edition API 16F certification

“Receiving the API 16F certification is a testament to the demanding conditions our TJ packers can endure,” says Maggie Demicco, LORD Product Manager. “And with the parts in stock, it enables our customers to gain immediate access to these long-lasting packers.”

LORD Corporation - a leader in motion and vibration control solutions for the oil and gas industry - is now certified to the American Petroleum Institute's (API) standard 16F testing for telescopic joint (TJ) packers.

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Offshore Technology

Subsea Integration Alliance receives EPCIC contracts offshore Australia

The OneSubsea scope includes the provision of two vertical monobore on-wellhead production trees, wellheads, controls and installation and commissioning services.

Subsea Integration Alliance has announced the award of integrated subsea engineering, procurement, construction, installation and commissioning (EPCIC) contracts. These awards, by Esso Australia Pty Ltd, represent the first integrated subsea project for Subsea Integration Alliance in Australia combining OneSubsea and Subsea 7 expertise in subsea production systems (SPS) and subsea umbilical, riser and flowline (SURF) systems.

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Suncor Energy provides fourth quarter 2018 operations update

Suncor has provided an operations update for the fourth quarter of 2018, highlighting total upstream production of 831,000 barrels of oil equivalent per day (boe/d), which is a quarterly production record and represents an increase of 12% from the third quarter of 2018.  This record-breaking quarter reflects the results of the significant investment developing Fort Hills, and Suncor's ongoing operational excellence focus across its assets, particularly at the Syncrude joint venture.

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CPC-Cryolab announces 5000 Series cryogenic valves

CPC-Cryolab’s 5000 Series valves offer high performance, low heat leak, and worry-free performance with the least maintenance of any LHe valve used today.

CPC-Cryolab, a CIRCOR International brand, offers the 5000 Series Cryogenic Valves, ideal for use in ultra-cold cryogenic storage tanks, transportation trailers, and vacuum jacketed and non-jacketed piping systems. The 5000 Series valves feature bellow sealed and non-bellows sealed designs, redundant packaging seals, and all stainless-steel construction, trusted the most common, most reliable LHe valves used on ISO helium containers world-wide.

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