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Drilling & Production
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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.  

The agreement between Petroteq and CTi will seek to generate a modification of non-conventional oil, in the form of bitumen, obtained through oil sands. CTi's Nano Reactor System utilizes proprietary technology that is capable of influencing and altering the chemical and physical composition of certain crude oils and hydrocarbon substances in a manner that may enhance the yield and economic value of refined or processed oils and related hydrocarbon products.

"We are excited to be partnering with CTi. With our recent upgraded facility site, we are now exploring opportunities to make our products more cost-effective and efficient. We feel that it is important to engage on the innovation of our R&D with other compelling technologies that have the potential of generating scalable solutions within the industry," commented David Sealock, Chief Executive Officer of Petroteq. 

Additionally, CTi's Founder and Global Technology Manager Roman Gordon stated, "Over the last decade we have introduced our proprietary technology in a number of different verticals while creating partnerships with industry leaders. This agreement provides our companies the opportunity to develop and implement technologically advanced processes that will greatly improve efficiencies over conventional methods while achieving increased margins and profitability."

CTi's Nano Reactor System will combine bitumen extracted by Petroteq with a catalyst to create a fluidic crude oil. The fluidic crude oil is pumped through a cavitation device at varying pressures to create cavitation features. Reacting with the fluidic crude oil, the process generates cavitation bubbles, which mix with adjacent layers of condensed fluidic crude oil. This mixture induces chemical reactions between components in the fluidic crude oil to promote molecular rearrangement to improve viscosity, API gravity, and heterogeneity.

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Industry News

Canadian rig count down slightly year-over-year for November

Baker Hughes, a GE company announced that the Baker Hughes international rig count for November 2018 was 991, down 26 from the 1,017 counted in October 2018, and up 49 from the 942 counted in November 2017. The international offshore rig count for November 2018 was 206, down 1 from the 207 counted in October 2018, and up 23 from the 183 counted in November 2017.

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Thousands of Rotork electric actuators installed at Chinese oil refinery

More than 2,500 Rotork IQ3 electric actuators have been installed at a Chinese oil refinery and petrochemical complex.

More than 2,500 Rotork IQ3 electric actuators have been installed at a Chinese oil refinery and petrochemical complex. Zhejiang Petroleum & Chemical Company Ltd, which refines oil and manufactures chemical products, ordered the actuators for the refinery in construction on the island of Zhoushan, near Shanghai.

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xLC stator adjustment unit triples service life of NETZSCH pumps

In case of wear, the setting nuts of the xLC® unit are adjusted, com-pressing the elastomer to re-establish the reduced sealing line.

The new xLC unit on the NEMO progressing cavity pump from  NETZSCH 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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Pipelines

Innovative solution delivers additional natural gas to eastern markets on Canadian mainline

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.

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Pipelines

Algonquin Power & Utilities Corp. announces agreement to acquire Enbridge Gas New Brunswick

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.

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Instrumentation, Systems & Automation
Software & IT

5 reasons why organizations are outsourcing pipeline control room services

Houston-based Remote Operations Center (ROC), a leader in oil & gas control room operations, provides outsourced control room services to over 6,000 miles of pipelines, spanning crude, natural gas, saltwater disposal, and refined products.

A pipeline control room is the central nervous system of oil and gas operations - continuously receiving and processing tremendous amounts of sensory data, quickly highlighting important information requiring action and using that information to coordinate and control operations to mitigate risks and optimize performance. With heightened public attention on pipeline assets, growing regulatory oversight over operations, increased market competition amongst operators, and an ever-aging asset base, the ability to effectively and efficiently manage all aspects of pipeline operation has become increasingly difficult. More than ever there is a pressing need to ensure each pipeline is operated safely, reliably and compliant with the latest regulations.

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Drilling & Production

Operators save rig time and improve safety using Churchill's drift tool

Jose Soliz, Vice President of Sales for Churchill's operations in the US said:

Churchill Drilling Tools celebrated a landmark achievement recently.  Churchill's Drift Catcher, run by operators across the globe to secure positive drift confirmations, celebrated its 2,000th run.

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Alberta calls for production cuts to combat oil price gap

Alberta Premier Rachel Notley has announced a production cut of 8.7 percent to take effect on oil producers in the province January 1, 2019. – Government of Alberta, via Flickr; used under Creative Commons license

Alberta Premier Rachel Notley has announced a temporary slowdown in oil production in the province to try and combat low prices for Albertan oil driven by a lack of shipping capacity to U.S. refiners. That gap is costing the country more than $80 million daily, according to the Alberta government, which blames the troubles largely on the federal government's inability to move pipeline construction forward.

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Vermilion Energy Inc. announces the assumption of operatorship of the Corrib Project

Vermilion Energy Inc. has announced completion of the sale of Shell Overseas Holdings Limited's 45% interest in the Corrib Natural Gas Project in Ireland  to Nephin Energy Holdings Limited (NEHL), a wholly owned subsidiary of Canada Pension Plan Investment Board (CPPIB), and the transfer of operatorship to Vermilion.  NEHL has acquired 100% of Shell E&P Ireland Limited, which holds 45% interest in Corrib.

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Instrumentation, Systems & Automation

OMEGA Engineering announces launch of new Canada website

OMEGA Engineering announces launch of new Canada website

OMEGA Engineering is inviting customers to explore its new Canada website. Designed to offer B2B customers a consumer-oriented experience, the site has been completely overhauled. Customers will discover not only cutting-edge functionality, but improvements that make it easier and more seamless to order products, search for content, or manage their account.

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Petroshale announces financial and operating results for the third quarter of 2018 and executive appointment

PetroShale Inc. has announced its financial and operating results for the three and nine month periods ending September 30, 2018. In addition, the Company announces the appointment of Mr. Caleb Morgret as Chief Financial Officer (CFO), who will assume the role from Mr. David Rain, who is retiring effective November 30, 2018. 

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Offshore Technology

BHGE Subsea Connect offers potential to unlock more offshore oil

Aptara™ TOTEX-lite subsea system incorporates lightweight, modular technologies designed for life of field and re-engineered to cut the total cost of ownership in half.

Baker Hughes, a GE company announces the launch of its new approach to subsea development: Subsea Connect, including its Aptara TOTEX-lite subsea system, a suite of new lightweight, modular technologies designed for the full life of field. By combining planning and risk management, new modular deepwater technology, innovative partnerships and digital tools into a single offering, Subsea Connect can reduce the economic development point of subsea projects by an average of 30 percent and has the potential to unlock an additional 16 billion barrels of reserves globally.

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