Tags
Industry News

Ritchie Bros. readying for biggest Canadian auction of the year

Special energy industry focus on Day Four features drilling equipment

With the changing of seasons comes fleet changes for many Alberta contractors, making spring a big time for auctions in western Canada. And there's no bigger Canadian auction than Ritchie Bros.' annual, multi-day April event in Edmonton.

Traditionally, Ritchie Bros.' Edmonton April auction is its largest Canadian event of the year. This year's April 24 - 28 auction already has 8,200+ equipment listed to sell—with more items being added right up to the auction. Current highlights include 255+ excavators, 245+ compactors, 140 dozers, 130 dump trucks, 95+ articulated dump trucks, 85 loaders, 75+ boom trucks, 75 winch tractors, 20+ bed trucks, 205+ truck tractors, 950+ trailers, as well as a large selection of farmland and industrial real estate. As always, all items will be sold without minimum bids or reserve prices.  

"There are a lot of contractors who want to be part of our big April event, as it draws a record crowd year after year," said Brian Glenn, Senior Vice President, Ritchie Bros. "This year we have a huge selection of equipment representing the multitude of sectors operating in western Canada, including a diverse selection of drilling-related equipment and are leveraging the expertise of our Kruse Energy Auctioneers brand for a special, dedicated energy event on Day Four of the auction."  

Equipment in the auction is being sold for 950+ owners, including a complete dispersal for H&E Oilfield Services Ltd.

"We've been working with Ritchie Bros. since we started our company 40 years ago," said Larry Semen, President and Owner of H&E Oilfield Services. "The selection at their auctions is unmatched and they are great people to work with. We are selling more than 130 items in the April Edmonton sale—all of it well-maintained and ready for a new owner."

Company Info

  • Ritchie Bros. Auctioneers

    9500 Glenlyon Parkway
    Burnaby , BC
    CA , V5J 0C6

    Established in 1958, Ritchie Bros. (NYSE and TSX: RBA) is the world's largest industrial auctioneer, and one of the world's largest sellers of used equipment for the construction, transportation, agriculture, energy, mining, forestry and other industries. Ritchie Bros.™ asset management and disposition solutions include live unreserved public auctions with on-site and online bidding; EquipmentOne™, an online auction marketplace; Mascus, a global online equipment listing service; private negotiated sales through Ritchie Bros. Private Treaty; and a range of ancillary services, including financing and leasing through Ritchie Bros. Financial Services. Ritchie Bros. has operations in 19 countries, including 45 auction sites worldwide.

    Read more

Latest News

Tags
Industry News
Pipelines

TransCanada's Topolobambo project goes into service in Mexico

TransCanada's Topolobambo project goes into service in Mexico

TransCanada Corporation  announced its Topolobampo Pipeline project has been placed into service in northern Mexico, providing capacity for 670 million cubic feet of natural gas per day to markets in the states of Chihuahua and Sinaloa. The project represents an investment of approximately US$1.2 billion and provides the upstream interconnection with the company's Mazatlan Pipeline.

Read More

Tags
Instrumentation, Systems & Automation

Hand-held combustion emissions analyzer

Hand-held combustion emissions analyzer

The E1500 Hand-Held Combustion Emissions Analyzer from E Instruments is a new, rugged unit with the ability to measure CO & O2 from high efficiency & condensing boilers, burners, engines, turbines, kilns, furnaces, incinerators and other industrial combustion processes.  Featuring a new large COLOR display and expanded internal memory, the E1500 lets you easily see and save your sample data without worrying about running out of memory. The E1500 also features pre-calibrated, field replaceable sensors which allow for easy diagnostics and replacement to reduce "down-time" and costly repair charges.

Read More

Tags
Industry News

Vertex Resource acquires Three Star Trucking

Vertex Resource acquires Three Star Trucking

Vertex Resource Group Ltd. has acquired Three Star Trucking Ltd., an environmental service company providing fluid hauling service, pressure truck services, hot oilers and combo vac services throughout western Canada on July 12th, 2018. The acquisition of Three Star will add over 270 pieces of equipment to Vertex's fleet, making the company's fleet one of the largest in operations serving Saskatchewan, the Montney, and the Duvernay resource plays of Alberta and British Columbia. 

Read More

Tags
Asset Management

Baker Hughes, SGS agree on joint deployment of corrosion management solution

Baker Hughes, SGS agree on joint deployment of corrosion management solution

SGS and Baker Hughes, a GE company, announced a Strategic Alliance Agreement (SAA) for the joint deployment and commercialization of BHGE's real-time software and sensor-based Predictive Corrosion Management (PCM) solution. Leveraging the capability of the Industrial Internet of Things (IIoT), PCM will enable asset owners to increase their ability to monitor their facilities, and detect and predict corrosion issues using real-time data powered by BHGE's ultrasonic sensing technology and advanced analytics. 

Read More

Tags
Drilling & Production
Industry News

Petroteq to test equipment for non-conventional oil production

Petroteq Energy Inc., a company focused on the development and implementation of proprietary technologies for the energy industry, announced an agreement with Cavitation Technologies, Inc., a company providing highly scalable and cost-effective solutions to various fluids processing industries. The companies have entered into a licensing agreement to test its equipment during oil production for workflow efficiencies and to lower its cost of production obtained through Petroteq's oil sands extraction process.  

Read More

Tags
Industry News

Painted Pony receives encouraging results from Lower Montney test wells

Painted Pony receives encouraging results from Lower Montney test wells

Painted Pony Energy Ltd. has announced results from two recent Lower Montney wells drilled on the northern edge of the South Townsend block. Preliminary results indicate production levels higher than Painted Pony management's Townsend type curve and include higher liquid yields compared to previous wells in the Townsend block. Painted Pony is encouraged by the results to-date and anticipates re-directing a portion of drilling activity within the existing 2018 development budget to better capitalize on these well results.

Read More

Tags
Industry News

Terex RT cranes handle desert drill site project without downtime

"Five months of continuous back-breaking work without any downtime," Nabors Drilling Manager David Siljeg succinctly puts it while summarizing how well the Terex RT 90 rough terrain crane performed at a work site in Abqaiq, Saudi Arabia. The crane lifted numerous components for drilling rigs, generators, and a power distribution and control centre at the oil field while enduring challenging environmental conditions.

Read More

Tags
Industry News

Paramount, Strath close sale of Resthaven/Jayar assets for $340 million

Paramount, Strath close sale of Resthaven/Jayar assets for $340 million

Paramount Resources Ltd. has closed the previously announced sale of its oil and gas properties and related infrastructure at Resthaven / Jayar in the Kakwa region to Strath Resources Ltd. Consideration received by Paramount totaled $340 million, and included $170 million in cash (subject to customary post-closing adjustments), 85 million Strath common shares and 10-year warrants to acquire 8.5 million Strath common shares. As a result, Paramount holds an approximate 16% equity interest (undiluted) in Strath and Jim Riddell, Paramount's President and Chief Executive Officer, has joined Strath's Board of Directors. The cash consideration received will be used to reduce outstanding indebtedness under Paramount's credit facility.

Read More

Tags
Industry News
Offshore Technology

Decommissioning Leadership Group meets to set strategy

Industry leaders have, this month, joined together to shape the future of decommissioning through the formation of the Decommissioning Leadership Group (DLG). Conceived and managed by Decom North Sea, the DLG held its inaugural meeting at The Chester Hotel in Aberdeen earlier in June with the mission to set out a strategy for leading the development of an efficient and effective oil and gas decommissioning sector.

Read More

Tags
Instrumentation, Systems & Automation

Harting introduces Han-Smart modular connectors

In launching the first Han-Smart modules, HARTING is bringing new, intelligent capabilities to the highly esteemed, customer configurable Han-Modular connector system. Until now, industrial connectors have been used exclusively as passive devices for carrying power, signal, data transmission and pneumatics - functions they continue to provide. However, with Han-Smart solutions, connectors can provide added value while beginning to evolve into active devices to serve the needs of future manufacturing. These three modules are just the beginning:

Read More