Crescent Point Energy Corp. has selected the AFTI WatchDog as a key service provider to support its field automation strategy.
Pembina Pipeline Corporation has approved an additional expansion of its Peace Pipeline system, which will accommodate incremental customer demand in the Montney area by debottlenecking constraints, accessing downstream capacity, and further enhancing product segregation on the system. Phase VIII has an estimated capital cost of approximately $500 million and is supported by 10-year contracts with significant take-or-pay provisions. Phase VIII is anticipated to be placed into service in stages starting in 2020 through the first half of 2022, subject to regulatory and environmental approvals.
"Our strategic footprint continues to provide opportunities to complete staged expansions, enabling us to deliver timely and reliable transportation service solutions for our customers," stated Mick Dilger, Pembina's President and Chief Executive Officer. "Our customers continue to recognize the favorable economics in the Deep Basin and Montney areas and like us are pursuing development with a long-term outlook. Further, they appreciate the new markets we are developing such as the Prince Rupert Export Terminal and the proposed PDH/PP facility," added Mr. Dilger.
Phase VIII will include new 10 and 16-inch pipelines in the Gordondale to La Glace corridor of Alberta, as well as six new pump stations or terminal upgrades located between Gordondale and Fox Creek, Alberta. Phase VIII will enable segregated pipeline service for ethane-plus and propane-plus NGL mix from the central Montney area at Gordondale, Alberta, into the Edmonton area for market delivery. It is expected that the majority of the $500 million capital spending will occur in 2020 and 2021.
The Phase VIII expansion advances Pembina's ultimate vision of having segregated liquids transportation service for ethane-plus, propane-plus, crude and condensate across at least four pipelines between Gordondale, Alberta and the Edmonton area; as well as achieving Pembina's fully powered-up market delivery capacity of 1.3 million barrels per day across the Peace and Northern Pipelines, which could be fully realized with a Phase IX expansion, currently being engineered.
"The Phase VIII expansion is an exciting development as we are nearing our ultimate goal of achieving full product segregation along the entire Peace Pipeline system," said Jason Wiun, Pembina's Senior Vice President and Chief Operating Officer, Pipelines. "When combined with the Phase VII expansion, we have signed approximately 160,000 barrels per day of incremental firm contracts. Through our various staged expansions, Pembina continues to respond to new service requests from producers in a reliable, timely and cost-effective manner," concluded Mr. Wiun.
More from Industry News
Cenovus Energy Inc. delivered strong operating and financial performance in the first quarter of 2019, generating more than $1 billion of adjusted funds flow, $731 million of free funds flow and cash from operating activities of $436 million. The company's excellent financial results were driven by strong operating performance, a significant narrowing of light-heavy oil price differentials in early 2019 and Cenovus's low-cost structure and continued commitment to capital discipline.
British Columbia's Regional District of Fraser-Fort George (RDFFG) has announced approval in principle for an agreement where FortisBC will purchase landfill gas from the Foothills Boulevard Regional Landfill to purify and inject the gas into its natural gas distribution system as Renewable Natural Gas (RNG).
For decades, offshore oil and gas personnel have performed insulation resistance tests with handheld megohmmeters to prevent motor and generator failures that lead to costly unplanned shutdowns, production interruptions and rewinding repairs.
dynaCERT Inc. has received a new order for its C-Series of HydraGEN Technology products in the war against NOx and Greenhouse Gas Emissions with its made-in-Ontario Carbon Emission Reduction Technology.
The proposed Flemish Pass Exploration Drilling Project and the proposed Eastern Newfoundland Offshore Exploration Drilling Project are not likely to cause significant adverse environmental effects when mitigation measures are taken into account, according to the federal government.
Federal Minister of Natural Resources Amarjeet Sohi has announced that the government of Canada will extend the timeline for a decision to be made on construction of the Trans Mountain Pipeline expansion project to June 18.
The Canadian Association of Oilwell Drilling Contractors offered its congratulations to Premier-Designate Jason Kenney on securing a decisive victory in the 2019 Alberta provincial election.
The Petroleum Services Association of Canada (PSAC) has congratulated Premier-Elect Jason Kenney and the new United Conservative Party for their resounding victory in Alberta. PSAC also applauds all of the candidates for their outstanding efforts during the campaign.
The Canadian Association of Petroleum Producers (CAPP)has congratulated Jason Kenney and the United Conservative Party on its victory in the 2019 Alberta election. CAPP urged Albertans to vote with energy in mind, at the polls. And its Alberta Energy Platform advocated for a government focused on making Alberta one of the most attractive places in the world for oil and natural gas investment. There are many challenges facing the industry and CAPP made action-oriented recommendations focused on market access, regulatory competitiveness, climate policy, and fiscal and economic policy.
Trelleborg is looking forward to celebrating 50 years of the Offshore Technology Conference (OTC) and the Group's 46 years of participation. The company looks to the future of energy and power generation, showcasing a historical timeline, including firsts from the oil & gas industry, OTC, and Trelleborg.
Secure Energy Services Inc. has completed two tuck-in acquisitions, providing the Corporation with a strategic midstream footprint in one of the largest crude oil storage and trading hubs in North America. The Corporation has acquired a 27% interest in a crude oil storage facility comprised of four above-ground 175,000 bbl tanks located in Cushing, Oklahoma, and a 51% interest in an 80-acre parcel of undeveloped land adjacent to the facility. The total purchase price of the acquisitions was US$10.4 million, paid in cash at closing on April 11, 2019.
Canadian Natural Resources Limited announces in connection with its previously announced Normal Course Issuer Bid to purchase up to 61,424,856 of its common shares, it entered into an Automatic Securities Purchase Plan with a designated broker. The ASPP is intended to allow for the purchase of Shares under the NCIB when the Company would ordinarily not be permitted to purchase shares due to regulatory restrictions and customary self-imposed blackout periods.
Based on its recent analysis of the global industrial valves and actuators market, Frost & Sullivan recognizes Emerson with the 2019 Global Growth Innovation & Leadership Frost Radar Award. With more than 80,000 employees, Emerson is a global leader in supplying engineering technologies and services to customers in the industrial, commercial, and residential markets. Emerson's Automation Solutions business combines deep expertise and innovative technologies to guide its customers through digital transformation and enable game-changing improvements in safety, reliability, production, and energy management.
Workers from Alberta's energy sector are calling on oil sands company executives to speak out about the threat Jason Kenney's policies represent to the future of the oil sands.
North American Helium appoints experienced oil & gas industry executive as new president & chief operating officer
North American Helium, a Calgary-based private helium exploration and production company, announced that Marlon McDougall, a 30-year veteran of oil and gas industry operations, has been appointed President & Chief Operating Officer of the Company.
Following the recent news that Chevron Corp (Chevron) will acquire Anadarko Petroleum Corp (Anadarko) for US$33 billion, Jonathan Markham, Upstream Oil & Gas Analyst at GlobalData, a leading data and analytics company, offered his view on the deal:
Chevron Corporation has entered into a definitive agreement with Anadarko Petroleum Corporation to acquire all of the outstanding shares of Anadarko in a stock and cash transaction valued at $33 billion, or $65 per share. Based on Chevron's closing price on April 11, 2019 and under the terms of the agreement, Anadarko shareholders will receive 0.3869 shares of Chevron and $16.25 in cash for each Anadarko share. The total enterprise value of the transaction is $50 billion.
Borets, a global leader in the engineering, manufacturing, sales and service of electric submersible pump (ESP) systems, has successfully installed its 250th permanent magnet motor (PMM) ESP system in the U.S.
Geotab, a global leader in IoT and connected transportation, has signed an arrangement agreement whereby it plans to acquire BSM Technologies. BSM provides telematics and asset management solutions to more than 165,000 vehicles across government and private fleets in Canada and the United States. The completion of this transaction would add to the over 1.5 million fleet telematics subscribers utilizing Geotab globally.
The Energy Council of Canada has chosen Mayor Lori Ackerman of Fort St. John, British Columbia as Canadian Energy Person of the Year.
Clariant, a focused and innovative specialty chemical company, will participate in the 2019 SPE International Conference on Oilfield Chemistry (OCC) with a record number of presentations on emerging technologies to support reliable performance of chemicals in the field. Experts from Clariant Oil Services will hold five presentations on latest technical advances and chair two committees during the two-day biennial event in Texas, USA.
Royal Dutch Shell is encouraging one of Canada's top oil and gas industry associations to reevaluate its position on climate change after a review of its relationships with industry associations.
The International Gas Union (IGU) has released its 2019 World LNG Report - an annual, in-depth analysis of the current state of the Global LNG Industry over the previous 12 months.
As Alberta's political parties ramp up towards the province's April 16 election, NDP leader Rachel Notley has pledged new funding for improvements to roads that often carry heavy loads, as well as promising to build a new highway providing a second route out of Fort McMurray.
Legislation introduced by the British Columbia government is intended to pull together the final pieces needed to deliver liquefied natural gas (LNG) investment that brings long-term benefits to the province and thousands of good-paying jobs for B.C. workers, while operating within strong environmental protections.
Vertex Resource Group Ltd. reports its financial and operational results for the fourth quarter and year ending December 31, 2018. The results for the three months and year ending December 31, 2018 were highlighted by improvements in revenue, gross profit, EBITDA and net income as compared to the corresponding periods of 2017. Net income increased as a result of improved EBITDA and the bargain purchase gain from the three acquisitions completed in 2018 (which are discussed in more details in the MD&A and the Company's Annual Information Form filed on SEDAR at www.sedar.com), offset by increases in amortization and finance costs.
H. G. Schaevitz LLC, Alliance Sensors Group has released its LV-45 series inductive, contactless linear position sensor using LVIT Technology. The LV-45 linear position sensors are specifically designed for measuring applications requiring rugged devices, whether measuring position of steam turbine valves, mounted in a paper mill head box or calendar roll stand, or outdoors fastened to a building, bridge or structure. The LV-45 series was designed after identifying the wants and needs of engineers in the industrial world, so LV-45 Series linear position sensors can withstand the high vibration and severe shock environment found in steel, aluminum, and paper mills, as well as extremes of temperature and humidity found in most outdoor applications where many other types of linear position sensors cannot survive.
Baker Hughes, a GE company has posted its Weekly Rig Count reports.
The Petroleum Services Association of Canada (PSAC) expressed its profound disappointment with the 2019 federal budget, which the organization states has no measures to address Canada's competitiveness issues to encourage private capital investment and stimulate job creation.
AltaGas Ltd. (AltaGas) has announced that after careful consideration, David Cornhill, Founder of AltaGas and Chairman, has elected to step down on April 1, 2019 from the Chairman position. New Chair Pentti Karkkainen has been appointed by the Board of Directors, effective April 2. Mr. Cornhill will remain on the Board, ensuring an orderly transition and continuity.
Williams announced a series of transactions that will establish a new platform for the optimization of its midstream operations in the western Marcellus and Utica basins through a long-term partnership with Canada Pension Plan Investment Board.
The United States Federal Energy Regulatory Commission has issued the Final Environmental Impact Statement for Texas LNG Brownsville LLC's proposed 2 train, 4 million tonnes per annum LNG export facility located in the Port of Brownsville, Texas. The FEIS has been issued in accordance with the anticipated dates listed in the Notice of Schedule for Environmental Review received in August 2018.
Fluor Corporation announced that its joint venture with TechnipFMC has successfully completed its engineering, procurement and construction management services scope of work on Sasol's world-scale petrochemical complex in Westlake, Louisiana. The joint venture will continue to provide assistance to the Sasol team with remaining activities by working with Sasol in parallel on transition plans for each unit and system. The joint venture team will also assist in performance testing for the complex.
Schneider Electric, the leader in the digital transformation of energy management and automation, has entered into a global partnership with Vericlave, a leading cybersecurity technology provider. Under the terms of the agreement, Schneider Electric will provide Vericlave's advanced encryption technology to further secure and protect its customers' critical IT and OT systems from the risk of cyberattack.
Imperial has slowed the pace of development of its Aspen in situ oil sands project given market uncertainty stemming from Alberta government intervention and other industry competitiveness challenges.
The National Energy Board (NEB) has released a report examining short and long-term options to optimize oil pipeline capacity out of Western Canada as requested by Amarjeet Sohi, Minister of Natural Resources.
NACE International, the nonprofit association and leading resource for corrosion expertise and education, has launched its newly redesigned website, www.nace.org. Based on feedback from frequent users and customers, the new site features enhanced tools and search functions, intuitive navigation to help users quickly locate information, and convenient mobile functionality and responsive design.