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Equipment Sales & Service Limited recognized as Platinum Club winner of Canada’s Best Managed Companies

Equipment Sales & Service Limited (ESS) has been recognized for overall business performance and sustained growth with the prestigious Canada's Best Managed Companies designation. The 2018 Best Managed program award winners are among the best-in-class of Canadian owned and managed companies with revenues over $15 million demonstrating strategy, capability and commitment to achieve sustainable growth. Having achieved the Best Managed designation for seven consecutive years, ESS joins an elite group of companies that have attained Platinum Club status.

Now in its 25th year, Canada's Best Managed Companies is one of the country's leading business awards programs recognizing Canadian-owned and managed companies for innovative, world-class business practices. Every year, hundreds of entrepreneurial companies compete for this designation in a rigorous and independent process that evaluates the caliber of their management abilities and practices.

Michael and Peter Willis, Co-Executive Chairmen and owners of Equipment Sales, stated: "2017 was a challenging and rewarding year for our Company. We continued our focus on growth, both organically and through acquisition. We opened a branch in Quebec City which, together with our Montreal location, gives us a strong Quebec presence. We expanded our representation of Link-Belt Cranes into B.C. ESS also acquired Selix Equipment Inc., a successful distributor of drilling and foundation equipment that now represents a number of major product lines including Sandvik, Soilmec, GEAX and ICE. As importantly, we are securing our future as a family-owned business by implementing our succession plan as third generation family members take on leadership responsibilities as managers and Board members."

"Best Managed Platinum winners have exceptional insights and knowledge into business management practices. They are an inspiration and really take their game to a new level," said Peter Brown, Partner, Deloitte and Co-Leader, Canada's Best Managed Companies program.

Applicants are evaluated by an independent judging panel comprised of representatives from program sponsors in addition to special guest judges. 2018 Best Managed companies share commonalities that include a clear strategy and vision, investment in capability and commitment to talent. 

Morgan Cronin, President of ESS, noted that: "It was a significant accomplishment to be awarded our first Best Managed designation in 2011. However, I believe it is even more difficult to retain that status.  We must constantly review and improve the way we do business including revisiting our strategies and how we deliver our product and services to our business partners. Achieving Platinum status is both a tremendous challenge and achievement. It is a reflection of our efforts to continuously improve and the dedicated people we have working at ESS who can translate plan into action. We are extremely proud of our Company and our team."

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Pembina increases guidance, provides update on operations

Pembina increases guidance, provides update on operations

Pembina Pipeline Corporation has announced an increase to its 2018 Adjusted EBITDA guidance range to $2.75 to $2.85 billion.  The Company is also pleased to announce that in conjunction with incremental volume commitments from customers on the Peace pipeline, Pembina will be developing additional pipeline and terminalling infrastructure in the Wapiti region near Grande Prairie, Alberta and in northeast B.C.  The new infrastructure will have a combined aggregate capital cost of approximately $120 million and will be underpinned by long-term, take-or-pay commitments.  

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Petrochemical industry needs drive purchase of Tadano RT cranes

From left to right: Kevin Schultz, Vice President, Maxim Crane; Bob Krause, Regional Business Manager, Tadano America; Frank Bardonaro, Chief Operating Officer-Maxim Crane.

Maxim Crane Works has purchased fifteen large capacity Tadano rough terrain cranes comprising a mix of GR-1000XLs, GR-1200XLs, and GR-1600XLs. The Tadano dealer, with an existing fleet of over 2,500 cranes, decided to expand their fleet largely to meet the needs of the petrochemical industry. "Tadano's longer boom length, capacity, and reliability have historically corresponded to our customer needs," remarked Frank Bardonaro, Chief Operating Officer, Maxim Crane Works. "We don't make these decisions somewhere in a corporate office. Instead, we talk to our team in the field and they know the machines that will be best suited to do the job."

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Industry News
Pipelines

Federal government restarts NEB process for Trans Mountain expansion

Southern resident Orcas range along the coast from Washington State to British Columbia. – NOAA Fisheries West Coast on flickr; used under Creative Commons license https://creativecommons.org/licenses/by-nc-nd/2.0/

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.

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Instrumentation, Systems & Automation

Top load turbine flow meter simplifies maintenance and eliminates downtime

Badger Meter is proud to announce the introduction of the Blancett Top Load Turbine Flow Meter at the Turbomachinery & Pump Symposia in Houston, Texas. Designed to withstand the demands of the most rigorous flow measurement applications, this meter was originally intended for the secondary oil recovery market but provides an ideal solution for liquid flow measurement on or off the oil field.

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Industry News

BC deputy minister joins leaders to discuss gas industry at Gastec and GPEX

From left: Steve Sedgwick, CNBC Anchor, H.E. Cesar Abi Khalil, Minister of Energy and Water, Government of Lebanon, Neil Chatterjee, Commissioner, US Federal Energy Regulatory Commission (FERC), and Dave Nikolejsin, Deputy Minister, Energy, Mines and Petroleum Resources, British Columbia, Government of British Columbia.

Members of the world's senior government and industry elite joined to discuss the critical role of gas in the transition from high carbon to renewable energy at Gastech, the global exhibition and conference at the forefront of the international gas, LNG and energy industries and GPEX, bringing together the global power and energy community to enhance energy transition.

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Offshore Technology

New optimized jacket and foundation design for offshore industry

New optimized jacket and foundation design for offshore industry

Chet Morrison Contractors has formed a strategic partnership with iSIMS to launch the iJacket, a new optimized method in jacket and foundation design. The patented iJacket is more structurally optimized than the conventional true X-braced jacket design, supporting the same deck load, conductor/riser count, drilling deck, wind turbine or other payload as its conventional counterpart.

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Instrumentation, Systems & Automation

Comparing position sensor technology for hydraulic cylinder feedback

As the demand for increased control and functionality has increased over the years, sensor- instrumented cylinders are becoming more important in the heavy industry, subsea, and mobile equipment worlds. Position feedback sensors for hydraulic or pneumatic cylinders have most commonly used one of three technologies: Magnetostrictive (MLDTs), Variable Resistance (Pots), and Variable Inductance (LVITs) sensors. While other sensor technologies have occasionally been used in this application, the focus of this article is the comparison among these three most popularly used technologies.

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Industry News

Bridging the knowledge gap in the oil and gas industry

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Canada's ever-changing economy is taking a toll on employment rates across sectors and oil and gas businesses need to take strides to protect their companies. Between job gain and loss, and businesses that require constant attention, one of the biggest and most urgent issues is the lack of qualified workers in the industry. Oil and gas businesses need a solution to get their new employees up to speed quickly to meet their consumers' demands.

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Industry News

CNRL completes acquisition of Laricina Energy

CNRL completes acquisition of Laricina Energy

Canadian Natural Resources Limited announces that its offer to acquire all of the issued and outstanding common shares in the capital of Laricina Energy Ltd., as previously described in the Laricina press release dated July 26, 2018, has been accepted by holders of Laricina Shares representing 98.7% of the issued and outstanding Laricina Shares on a fully diluted basis.  Accordingly, the minimum tender requirement under applicable Canadian securities laws has been satisfied and all other conditions to the Offer have been satisfied.

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Drilling & Production

Honeywell introduces high recovery cryogenic gas processing plant

Honeywell's UOP Russell business has introduced a new high recovery cryogenic gas processing plant that is 50 percent larger than other pre-engineered plants currently available. With a capacity of 300 million standard cubic feet per day, the new SC-30 gas plant employs Ortloff Recycle Split Vapor technology that can recover more than 99 percent of high-value ethane from natural gas.

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Pipelines

Coastal GasLink inks agreements with all indigenous bands along route

Coastal GasLink inks agreements with all indigenous bands along route

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.

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