Tags
Drilling & Production
Industry News

Strong production expected through 2018 after Suncor completes turnarounds

Suncor announced recently that with the completion of major planned turnaround activities and strong production from growth projects, Q2 production to date averaged approximately 636,000 barrels per day (bbls/d) reflecting the significant planned turnarounds in the quarter, and exited May at approximately 800,000 bbls/d. 

Planned turnaround work experienced some delays and additional work, but is now complete at Syncrude, Suncor's Oil Sands base plant and its four refineries. In June these assets are expected to run at full rates.  The Hebron and Fort Hills growth projects are delivering production that is exceeding expectations. 

"The Fort Hills mega-project has surpassed expectations; it came online safely, ramped up well ahead of schedule and it's producing a high-quality, fungible bitumen that is expected to continue to receive a premium price to in situ bitumen. We are especially appreciative of the dedication and careful planning and execution that our team and partners have demonstrated in achieving this remarkable result," said Steve Williams, president and chief executive officer. "Fort Hills' bitumen has the same GHG emissions intensity per barrel as the average crude refined in the U.S. Our investors and stakeholders can be proud of advances being made in decreasing the carbon intensity of our production." 

Following the May 11, 2018 commissioning of Fort Hills' third and final train of secondary extraction, Suncor tested the plant at full capacity, proving the design capacity of 194,000 bbls/d. In addition, the company has completed a seven-day reliability test of the plant running in excess of 90% capacity (175,000 bbls/d) with no significant issues. 

With the advanced commissioning of the final train of secondary extraction, the plant has ramped up earlier than anticipated. As a result, while the company will be accelerating the growth of planned mine capacity to align with the plant capacity, Fort Hills is expected to continue to track at the high end of guidance for the quarter. Looking forward to Q4, Suncor is now targeting 90% average production at Fort Hills, up from the original guidance which had a Q4 midpoint of approximately 80%.

When the joint venture partners announced that they would proceed with the Fort Hills project in 2013, the total project cost was estimated at a capital intensity of approximately $84,000 per flowing barrel, the project was scheduled to produce first oil as early as the fourth quarter of 2017 and was expected to achieve 90% of its planned production capacity within 12 months. Save for a few weeks delay of first oil, for Suncor the project's overall fundamentals and ramp up have been delivered faster or better than forecasted.

The successful completion of the Fort Hills project is the direct result of a well-developed and executed strategy to level load construction, accelerated commissioning plans using synergies between base plant and Fort Hills, the progressive turnover of assets from construction to operations, and the staged ramp up of production over time. The project was built during a period of low oil prices and has come online just as oil prices have strengthened. Suncor expects Fort Hills will continue to provide significant returns for decades.

With production from both Fort Hills and Hebron ramping up earlier than anticipated and the completion of major planned maintenance at Suncor's oil sands and downstream operations, Suncor is well-positioned for strong production performance for the remainder of the year

Company Info

Latest News

Tags
Industry News

Finning announces leadership changes in Canada and internationally

Kevin Parkes

Finning International Inc. announced that Juan Carlos Villegas, President of Finning Canada and Chief Operating Officer of Finning International, will retire on December 31, 2018 following a distinguished career with the company. Kevin Parkes, currently Managing Director of Finning UK and Ireland, will assume the role of President of Finning Canada.  Assuming the role of Managing Director of Finning UK and Ireland will be David Primrose, currently Finning Canada's Executive Vice President of Core Industries. Kevin and David will assume their positions on January 1, 2019 and will report to Finning International's President and Chief Executive Officer, Scott Thomson.

Read More

Tags
Industry News
Pipelines

NEB clears Trans mountain to start expansion project construction between Edmonton and Kamloops

NEB clears Trans mountain to start expansion project construction between Edmonton and Kamloops

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. 

Read More

Tags
Industry News
Pipelines

Line 3 Replacement growing the economy while protecting environment

Line 3 Replacement growing the economy while protecting environment

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. 

Read More

Tags
Industry News
Pipelines

Plains Midstream, SemCAMS hold open season for new Montney pipeline

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.

Read More

Tags
Instrumentation, Systems & Automation

Tilt sensors designed for operation in hazardous environments

SignalFire Wireless Telemetry's Tilt Scout for angle measurement is now Class 1, Division 1 approved for operation in hazardous environments.  The latest member of the Scout family of Class 1, Division 1 integrated sensor nodes, the Tilt Scout combines an intrinsically safe wireless inclinometer with a 900mHz radio and antenna and an internal battery pack within a NEMA4X enclosure. The three-axis sensor detects the change in angle (movement) of an asset such as tank hatch position as part of a SignalFire Wireless Telemetry System. Designed for use in outdoor industrial applications, the Tilt Scout is also ideal for monitoring pump jack motion.

Read More

Tags
Instrumentation, Systems & Automation

Signal conditioner offers intuitive setup for LVDTs

Signal conditioner offers intuitive setup for LVDTs

NewTek Sensor Solutions introduces the NT-C-6000 Quik-Cal LVDT Signal Conditioner that offers an intuitive AC LVDT set-up for quick configuration by non-technical personnel. Workers can set zero and full scale output using front panel push buttons while LED indicators provide prompts for the calibration process. Color-coded plug-in screw terminals further simplify equipment set-up. These smart signal conditioners even self-diagnose and indicate LVDT failure while providing cybersecurity lockout and tamper detection.

Read More

Tags
Industry News

Ritchie Bros. shows strong second quarter results

Ritchie Bros. shows strong second quarter results

Ritchie Bros. Auctioneers Incorporated reported the following results for the three months ended June 30, 2018 (All figures are presented in U.S. dollars): Net income attributable to stockholders of $45.7 million improved 159% compared to $17.6 million for the same quarter in 2017. Diluted earnings per share ("EPS") attributable to stockholders increased 163% to $0.42 versus $0.16 in the second quarter of 2017, while diluted adjusted EPS attributable to stockholders1 (non-GAAP measure) increased 27% to $0.42 from $0.33 in the same respective period. 

Read More

Tags
Instrumentation, Systems & Automation

Bacharach introduces updates to PCA 400 combustion and emissions analyzer

Bacharach, Inc., a provider of HVAC-R gas instrumentation, combustion analysis and energy management solutions, announces key product upgrades to the PCA 400 combustion and emissions analyzer platform including sensor protection, Low NOx measurement, near-field communications (NFC) and the ability to connect/control the analyzer with the newly released mobile app.

Read More

Tags
Industry News

Cenovus to sell Pipestone business for $625 million

Cenovus to sell Pipestone business for $625 million

Cenovus Energy Inc. and one of its subsidiaries have entered into an agreement to sell the general partnership that holds the Pipestone and Wembley natural gas and liquids business in northwestern Alberta (the "Pipestone Business") for cash proceeds of $625 million. The transaction also includes the Pipestone Business's 39% operated working interest in the Wembley gas plant. The sale is expected to close in the third quarter of 2018, subject to customary closing conditions.

Read More

Tags
Industry News
Pipelines

NEB white paper addresses pipeline fittings

NEB white paper addresses pipeline fittings

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. 

Read More

Chevrolet takes on towing with new Silverado 1500 features

The all-new 2019 Silverado 1500 will introduce four levels of towing features to provide customers more confidence, better visibility, easier hitching and improved connectivity between the truck and trailer.

The all-new 2019 Chevrolet Silverado 1500 will introduce several levels of towing features to improve customers' trailering experiences — all light-duty Silverado models have myChevrolet mobile app trailering capability and customers can add the Advanced Trailering System, which includes access to the system in-vehicle.

Read More

Tags
Industry News

Calima completes mergers in the Montney

Calima Energy Limited advises that following the successful completion of the takeovers of TSV Montney Ltd. and TMK Montney Ltd., the company will own a 100% working interest in 72,000 acres of drilling rights in British Columbia considered to be prospective for the Montney Formation. As a result, the Farm-in Agreement between the Company and TSVM and TMKM has become redundant and the agreement will be concluded.

As advised on 1 May 2018, the purpose of the takeover transaction was to consolidate ownership of the Montney Project, with the key benefits including, but not limited to:
  • Consolidation of a 100% interest in a single entity is likely to attract greater market interest;
  • The enhanced structure will likely provide improved access to capital to fund the forward work program and removes any risk associated with TSVM and/or TMKM funding its share of development costs;
  • Removes any potential impediments or misalignment of separate JV interests; and
  • Additional synergies include the removal of duplicated technical and administrative costs.

Read More

Tags
Industry News

Corporate responsibility report for 2017 released by Cenovus

Corporate responsibility report for 2017 released by Cenovus

Cenovus Energy Inc. has published its 2017 corporate responsibility report detailing the company's efforts to accelerate its environmental performance, protect the health and safety of its staff, invest in and engage with the communities where it operates and maintain the highest standards of corporate governance.

Highlights for 2017 included:
  • Achieving the company's lowest ever total recordable injury frequency (TRIF) of 0.36
  • Awarding 33 scholarships valued at $3,500 each for Aboriginal students pursuing a full-time degree, diploma or certified trade
  • Donating over $10 million to more than 1,000 local community organizations with a focus on supporting youth, strong families and safe communities
  • Raising nearly $1.5 million for more than 500 charitable organizations through our annual Thanks & Giving employee donation campaign
  • Spending $240 million doing business with local Aboriginal-owned companies or joint ventures and surpassing $2.4 billion in Aboriginal business spending since the company's launch in 2009  
  • Publishing Cenovus's Carbon Disclosure: Managing climate-related risks. The report features Cenovus's perspective on the transition to a lower-carbon future, carbon pricing and the ways that the company is managing and mitigating climate-related risks.   

Read More