The Petroleum Services Association of Canada (PSAC) recently met with business leaders gathered and hosted by the Vaughan Chamber of Commerce for a roundtable discussion. The conversation focused on the benefits to all Canadians of supporting the energy industry.
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.
On this journey through time, Trelleborg demonstrates how its innovative marine hose, offshore, and sealing solutions improve safety, optimize productivity, and help customers maintain their competitive edge while barrel prices continue to recover. These historic moments may also provide insight into the next 50 years of the offshore industry. Visit Trelleborg stand number 3239 to view past and present industry moments and speculate on the innovations to come.
Over the last couple of years, Trelleborg's offshore operation has refocused and taken the extra time to find out what their customers' challenges are and how the company can help customers solve these challenges.
Antony Croston, Business Group Director with Trelleborg's offshore operation in Houston, says: "We adapted and brought our business strategy into alignment in order to really focus on the challenges currently facing our customers. By partnering closely with a number of them, we have been able to further develop our existing product portfolio while also introducing new products and services that embrace new material developments and intelligence technologies. This has enabled us to enhance our value and performance to both our customers and end users, during installation and throughout the entire service life."
New developments include rotating buoyancy for pipeline buckling mitigation, standardized bend restrictors, and distributed buoyancy modules and helically grooved technology for risers. All of these products incorporate novel, patented technologies that provide class-leading performance.
Croston continues: "We have been able to adapt and invest in our business to increase responsiveness and provide market-leading assurance of product performance for the harsh offshore applications and environments faced by the industry. Our new multi-million-pound testing facility in Skelmersdale, England, ensures that we are able to provide our customers with the most representative hydrostatic testing scenarios, guaranteeing peace of mind and quality in the equipment manufactured and delivered to them."
The new testing facility houses two state-of-the-art hydrostatic test chambers and will be able to simulate extreme deepwater conditions, including temperature, enabling accurate testing of subsea and drilling equipment.
Next generation of sealing materials
For the last 50 years, Trelleborg Sealing Solutions has offered the offshore market peace of mind through the development of high-quality products and industry-compliant materials for high-pressure, high-temperature environments. Solving the unique and extreme sealing challenges inherent in oil and gas industry applications is one of the company's core competencies, and its engineers continue to develop new solutions to meet the industry's ever-evolving needs.
According to Eric Bucci, Trelleborg Sealing Solutions Global Technical Manager Oil & Gas Americas, "Providing value-added solutions to our customers is the key to accelerating their growth. We work hand-in-hand with our customers to develop solutions that enable them to reap the benefits of shared resources, technology, and capabilities." Providing a complete sealing material portfolio compliant with industry standards, such as NORSOK and ISO, is one example that demonstrates the Trelleborg Sealing Solutions commitment to its customer base and the industry as a whole.
"We combine state-of-the-art materials with innovative seal designs to create truly unique, customer-focused solutions that our customers can confidently and reliably take to market," says Bucci. "As an example, our Metal End Cap seal solves long-standing high-temperature, high-pressure challenges by passing API PR2 testing on the first attempt, saving our customers significant time and money by avoiding repetitive testing."
Learning from its customers' experiences, Trelleborg Sealing Solutions is able to predict future market needs and develop the next generation of sealing materials and designs.
Trelleborg's oil and marine hose operation will be showcasing fluid transfer solutions that are underpinning some of the most significant trends in the offshore oil and gas markets.
2019 will see LNG infrastructure continue to expand around the world - increasing the need for flexible infrastructure. Trelleborg's Cryoline LNG hoses not only lower capex costs for LNG infrastructure, but enable ports to add flexibility to load and unload a wider range of vessels.
In addition, Trelleborg's oil and marine hose operation will demonstrate how selection of seawater intake risers can impact a project. With extreme service life requirements and complex installation issues to overcome, seawater intake risers present a unique challenge for FLNG and FPSOs. Trelleborg's SWILINE seawater intake risers feature unique diverless installation functionality and optimize placement of hypochlorite injection to maximize performance and service life. Field-proven, SWILINE solutions have been used on two global FLNG projects, including the Shell Prelude, the world's largest FLNG in the Timor sea with production beginning last year. The team can also discuss how Trelleborg is raising standards in STS oil transfer with the KLELINE STS hose, qualified to GMPHOM 2009 standards.
Vincent Lagarrigue, Director of Trelleborg's Oil & Marine operations states, "The rise of LNG, increases in demand for STS transfer, and a need to invest in resilient solutions are driving rapid innovation in the field of fluid transfer. We're proud to be working closely with customers from the very beginning of projects to develop and maintain the solutions that will unlock new possibilities; whether that's enhancing a port's capacity for LNG handling, increasing safety in STS transfer, or pushing the boundaries of performance for FLNG and FPSO seawater intake risers."
The future of energy: the next 50 years
Antony Croston says: "I believe one of the main drivers for the oil and gas industry in the next 50 years is digitization. When combined with the latest material technologies, digitization using Smart Technologies can possibly transform the industry as we know it. While the industry can be seen as resistant to this technology, understanding Big Data might be the key to the next big breakthrough in working smarter and cost-effectively.
New technology enables new ways to generate value and interact with customers. Trelleborg offers various services and digital tools to make life easier and increase value for its customers. This involves smarter products with built-in sensors and tracking systems, as well as online design programs and digital channels, such as web-based and mobile applications.
Visit Trelleborg stand number 3239 at OTC in Houston, TX, May 6-9, 2019 to reminisce about the company's developments over the past 50 years and explore the innovations paving the way for the next 50. Visitors will learn how Trelleborg's product and service developments in performance buoyancy, insulation, passive fire protection, sealing solutions, and hoses have and will continue to deliver performance and safety-enhancing benefits.
More from Industry News
The Impact Assessment Agency of Canada (the Agency) has accepted an initial project description for the proposed Cedar LNG Project, located near Kitimat, British Columbia.
Petro-Canada Lubricants, a HollyFrontier business, has expanded its TRAXON and DURON product lines with the launches of DURON Advanced 5W-30 and TRAXON Synthetic 75W-85. The introduction of the new oils demonstrate continued product innovation from Petro-Canada Lubricants to help fleets meet new and emerging market trends.
The initial 15% oil price jump resulting from the attacks in Saudi Arabia will not have any impact on the trajectory of 2019 U.S. shale production, IHS Markit says.
Recently at the SIS Global Forum 2019, Schlumberger, Chevron and Microsoft announced the industry's first three-party collaboration to accelerate creation of innovative petrotechnical and digital technologies.
TransAlta Corporation has introduced its Clean Energy Investment Plan, which includes converting its existing Alberta coal assets to natural gas and advancing its leadership position in renewable energy. The total cost of the plan is expected to be approximately $2 billion which includes approximately $800 million of renewable energy projects already under construction.
Schlumberger announced that its technology partnership with Microsoft to develop cloud-native solutions on Microsoft Azure and Azure Stack has been strengthened by new deployments being introduced at the SIS Global Forum 2019 in Monaco.
A persistent oversupply of natural gas will drive the 2020 average price at the Henry Hub down (in real terms) to a level not seen in decades, according to new report from IHS Markit. The oversupply—to be reinforced by a new surge in associated gas production from the Permian basin—will push the average price down below $2/MMBtu for the year, IHS Markit said. That is the lowest prices have averaged in real terms since the 1970s. In nominal terms, the last time that prices fell below $2 was 1995.
Hatch is pleased to announce that Upside Engineering Ltd. has joined Hatch Ltd., bringing together the largest oil and gas process team for complex upstream and downstream flowsheet development in Canada with a well-established local engineering firm that specializes in midstream hydrocarbon business.
The outlook for the uptake of personal and protective equipment (PPE) in the oil & gas (O&G) industry looks promising with the expansion of O&G activities through new global projects, improved stability and the presence of many occupational hazards. Vendors should focus on developing a global presence, multiproduct offerings, and close customer interactions to harness current growth opportunities. Frost & Sullivan expects the mature O&G PPE market to grow at a compound annual growth rate (CAGR) of 3.7% to reach $7.59 billion by 2023.
Encana Corporation has announced changes to its Executive Leadership Team, including the promotion of Michael McAllister to president, Brendan McCracken to executive vice president - corporate development and external relations and Greg Givens to chief operating officer. These changes are effective immediately.
Suncor is replacing its coke-fired boilers with two cogeneration units at its Oil Sands Base Plant. The cogeneration units will provide reliable steam generation required for Suncor's extraction and upgrading operations and generate 800 megawatts (MW) of power. The power will be transmitted to Alberta's grid, providing reliable, baseload, low-carbon power, equivalent to approximately 8% of Alberta's current electricity demand. This project will increase demand for clean natural gas from Western Canada.
North America is expected to drive global small-scale LNG liquefaction capacity growth from planned and announced (new-build) projects between 2019 and 2023, contributing around 47% of the total growth, according to GlobalData, a leading data and analytics company.
Baker Hughes, a GE company announced that the Baker Hughes international rig count for August 2019 was 1,138, down 24 from the 1,162 counted in July 2019, and up 130 from the 1,008 counted in August 2018. The international offshore rig count for August 2019 was 244, down 11 from the 255 counted in July 2019, and up 32 from the 212 counted in August 2018.
The world wants Canadian oil and natural gas, according to an updated international research survey by Ipsos, conducted on behalf of the Canadian Association of Petroleum Producers (CAPP).
Clariant has opened its next High Throughput Experimentation (HTE) Laboratory in Houston, Texas - the energy capital of the United States. The location is key as the new facility will be the first of its kind supporting the Oil & Gas industry, offering new and sophisticated solutions for customers. This lab is part of a global Clariant initiative to expand HTE capabilities to all Clariant Business Units, including direct support for Oil Services in North America, the Asia Pacific region, Latin America, Africa and the North Sea.
Bureau Veritas, a world leader in testing, inspection and certification services, is using cutting edge technology to reduce costs for clients - while increasing safety for engineers at the same time. This is a part of BV's ‘Twintelligence' campaign of twinning expertise with technology.
The PetroLMI Division of Energy Safety Canada has launched an enhanced website with added features to help Canadians pursue new or different career opportunities in the oil and gas industry.
Advantage Oil & Gas Ltd. reports that a significant Montney light oil pool has been discovered and appraised at Progress, Alberta, on the Corporation's 47 net section block of 100% owned lands. This discovery elevates the Progress asset to be a primary element of the Corporation's near-term liquids development program.
Canada's Federal Court of Appeal has ruled that six of twelve legal challenges filed against the Trans Mountain Expansion Project after its approval by the federal government earlier this year can move forward to trial, on an expedited basis.
Orbital Gas Systems has received orders to supply GasPTi systems for deployment across multiple natural gas plants by one of the largest U.S.-based producers and transporters of energy. These orders, part of a nascent, ongoing roll-out of GasPTi across the customer's extensive natural gas assets, will be utilized to deliver operating and environmental improvements and practically eliminate ongoing costs associated with maintenance and natural gas consumption at certain customer facilities.
Enbridge Inc. has reached a commercial agreement with shippers to place the Canadian portion of the Line 3 replacement pipeline into service by the end of this year. This agreement reflects the importance of this safety-driven maintenance project to protecting our environment and ensuring the continued safe and reliable operation of the pipeline well into the future.
Canada has the world's longest coastline and is surrounded by three oceans and the health of our oceans matters to all of us. The Government of Canada is dedicated to protecting oceans and waterways and to keeping them clean, secure and productive for the benefit of all Canadians, now and into the future. It is of vital importance that protection is given to the marine ecosystems that are home to an abundance of ocean life, support more than 350,000 jobs and sustain hundreds of coastal and Indigenous communities. The government also recognizes that scientific research is fundamental to evidence-based decision-making when planning and carrying out marine conservation efforts.
Prime Minister Justin Trudeau and British Columbia Premier John Horgan have announced a Memorandum of Understanding affirming their joint commitment to the powering of B.C.'s natural gas production and liquefied natural gas sectors with clean electricity.
The Government of Canada intends to increase costs to Canadian families and households with the introduction of the Clean Fuels Standard (CFS) - new regulations that will impact consumers at home and at the pump, according to the Canadian Association of Petroleum Producers (CAPP).
TC Energy Corporation has announced the Nebraska Supreme Court has affirmed the November 2017 decision by the Nebraska Public Service Commission that approved the Keystone XL Pipeline route through the state.
Schlumberger open sources data ecosystem and contributes to the open group open subsurface data universe forum
Schlumberger will open source its data ecosystem and contribute to The Open Group Open Subsurface Data Universe (OSDU) Forum to accelerate the delivery of the OSDU Data Platform. Schlumberger's data ecosystem is based on core components of the DELFI* cognitive E&P environment.
Ariel Rubinstein has been named President and General Manager of Atlas Copco Compressors Canada, effective as of October 1, 2019.
Bakken shale production growth will be constrained by flaring restrictions and infrastructure bottlenecks
There is considerable potential to raise crude oil production in the Bakken shale play from the current level of approximately 1.44 million barrels of oil per day (mmbd) to at least 2 mmbd. However, flaring regulations and infrastructure bottlenecks in North Dakota are limiting production growth, according to GlobalData.
Wild Well Control, Inc., a Superior Energy Services company and a global leader in well control and engineering services, has added a new 10,000 psi-rated capping stack to its WellCONTAINED group of subsea containment equipment.
Total oil & gas industry M&A deals in July 2019 worth $9.89bn were announced in the US, according to GlobalData, a leading data and analytics company.
Pembina Pipeline Corporation has announced that it will acquire Kinder Morgan Canada as well as the U.S. portion of the Cochin pipeline system in a deal valued at approximately $4.35 billion in total.
Rival Downhole Tools (Rival), a portfolio company of EV Private Equity, has secured a five-year collaborative supply agreement for drilling motors for US Land from a major oilfield services provider. Rival will utilize its market-leading engineering and operational capabilities to support the customer's substantial and growing directional drilling business. Rival will also accelerate the growth of its operational footprint into multiple basins to optimize its proximity to drilling activity.
Finning International Inc. has reported its second quarter 2019 results, showing strong results in Canada that helped drive a solid increase across the operation. Net revenues in Canada increased by 18 percent, outstripping increases in costs, showing that operational efficiencies are improving the bottom line.
Gryphon Investors, a San Francisco-based middle-market private equity firm, has signed a definitive agreement to make a significant investment in Mechanix Wear, a leading designer and manufacturer of high-performance work gloves. Working alongside current owner and CEO Michael Hale, who will retain an ownership stake in the Company, Gryphon intends to build a leading platform in the Personal Protective Equipment (PPE) sector. The transaction, which is expected to close in the fourth quarter, is subject to customary closing conditions. Terms of the deal were not disclosed.
Following an extensive investigation, flow line repairs, integrity testing and approval of the Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB), Husky Energy will resume production from the remaining two drill centres shut in following the November 2018 oil spill offshore Newfoundland and Labrador. Husky will now begin an orderly restart and expects to reach full rates by early next week.
Indigenous communities have the innovation and drive to build a cleaner more resilient energy sector. That is why Canada is investing to increase Indigenous economic participation in energy infrastructure projects.
While both Alberta and Texas were hit hard by the oil-price drop in 2014, the Texas unemployment rate has dropped while the Alberta rate has risen, finds a new study released today by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank.