Oil & Gas Product News Logo

PSAC, Ontario business leaders discuss future of energy in Canada

Vaughan’s business leaders emphasize need for increased investment into the oil and gas industry

0168/41768_en_14931_43028_psac-logo-brown-2.jpg

Company info

Suite 1150, 800 6 Avenue SW
Calgary, AB
CA, T2P 3G3

Website:
psac.ca

Read more

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.  

"The understanding amongst the Chamber's business leaders today about the significance of the Canadian supply chain for oil and natural gas that employs over 450,000 people from coast to coast to coast was evident," said Gary Mar, President & CEO of PSAC. "In particular, concerns of the impact that plunging capital investment in the industry is having on jobs for Ontario manufacturers and other businesses was recognized."   

Participants at the discussion expressed a need for the government to support businesses within the energy sector that have tremendous spillover to the rest of Canada's economy, particularly the manufacturing industry and the many jobs it creates. As well, it was evident lack of critical infrastructure has led to Canada importing oil from foreign nations as opposed to buying from Canadian companies. 

"The message today was clear: Canada is at the forefront of developing technology to produce energy driven by the highest ethical and emission standards which are both economically sustainable and beneficial for Canadians and our exports," said Brian Shifman, President & CEO of the Vaughan Chamber of Commerce. "We must invest further in the energy sector to reap the economic benefits of our largely untapped natural resources and help the world reduce reliance on purchasing from unscrupulous regimes."  

There was a clear call from business owners to increase the capacity and infrastructure investment for the energy sector. By unlocking this investment and allowing Canada to build again, we will be able to produce and transport our energy supply across the nation.   

Gary Mar added, "The need to find ways to champion the industry to facilitate the building of infrastructure to transport our vast natural resources to market to create jobs and economic benefits for all Canadians was echoed by all.

More from Industry News

CAS DataLoggers provide unique safety support in chemical plant

CAS DataLoggers provided a unique gas monitoring and temperature monitoring solution for an international chemical company, where health and safety was an important consideration. Harmful gas detection was placed high on the list of priorities: hydrochloric acid gas was produced when a standard chemical made by the company leaked to the atmosphere as fumes, while chlorine was used as a raw material at the plant. Therefore, it was necessary to monitor and record both hydrochloric acid gas levels (HCL) and chlorine (CH2) levels. 

Alberta launches support for indigenous groups to enter energy sector

Alberta Bill 14, the Alberta Indigenous Opportunities Corporation Act introduced recently, would set up a first-of-its-kind Crown corporation to facilitate Indigenous investments and job creation. The AIOC would make it easier for Indigenous communities to access funding, invest in major natural resources development projects and fuel their prosperity while helping to grow Alberta's natural resource sectors.

C3 Oleflex technology helps with first contract for propane dehydrogenation technology in Turkey

Honeywell announced that Ceyhan Polipropilen Üretim A.Ş. will use Honeywell UOP's C3 Oleflex technology to produce 457,000 metric tons per year of polymer-grade propylene for a new petrochemicals complex in Ceyhan, Turkey. Ceyhan Polipropilen Uretim is a joint venture of Rönesans Holding and the Algerian national energy company Sonatrach S.p.A. The new unit will be used to supply propylene for production of polypropylene, which is used to make a wide variety of plastic products that are growing in demand globally.

September 2019 international rig count released by Baker Hughes

Baker Hughes, a GE company announced that the Baker Hughes international rig count for September 2019 was 1,131, down 7 from the 1,138 counted in August 2019, and up 127 from the 1,004 counted in September 2018. The international offshore rig count for September 2019 was 242, down 2 from the 244 counted in August 2019, and up 38 from the 204 counted in September 2018. 

TransAlta, SemCAMS Midstream to build Alberta cogeneration plant

TransAlta Corporation and SemCAMS Midstream ULC, a subsidiary of SemGroup Corporation, have entered into definitive agreements to develop, construct and operate a new cogeneration facility at the Kaybob South No. 3 sour gas processing plant. The Kaybob facility is strategically located in the Western Canadian Sedimentary Basin and accepts natural gas production out of the Montney and Duvernay formations. TransAlta will construct the cogeneration plant which will be jointly owned, operated and maintained with SemCAMS. The capital cost of the new cogeneration facility is expected to be approximately $105 million and the project is expected to deliver approximately $18 million in annual EBITDA. TransAlta will be responsible for all capital costs during construction and, subject to the satisfaction of certain conditions, SemCAMS will purchase a fifty percent (50%) interest in the new cogeneration facility as of the commercial operation date, which is targeted for late 2021.

Subscribe to our free newsletter

Get our newsletter

Learn more

Universal mCloud offers 3D digital twin capabilities to Alberta customers

Universal mCloud Corp. (TSX-V: MCLD) (OTCQB: MCLDF) ("mCloud"   or the "Company"), a leading provider of asset management solutions combining IoT, cloud computing, artificial intelligence ("AI") and analytics, today announced the launch of a new AssetCare™️ solution under the banner of the "3D Digital Twin." This solution enables mCloud to take advantage of high-precision 3D laser scanners to create digital replicas of facilities along with a suite of capabilities designed to use these 3D models to streamline field work, minimize facility downtime, and eliminate unnecessary field visits.

Armor cladding alloy now available from Schlumberger for drill bits

Smith Bits, a Schlumberger company, has introduced Aegis armor cladding that significantly improves bit body design flexibility and erosion resistance, increasing rate of penetration (ROP) and bit durability for longer runs. Composed of a proprietary tungsten carbide material, Aegis cladding increases bit erosion resistance by 400% and strength by 40% when compared to conventional matrix polycrystalline diamond compact (PDC) bits.

Melius Energy successfully tests new bitumen shipping approach

Calgary based Melius Energy has successfully transported bitumen from Edmonton, Alberta to Prince Rupert, British Columbia, continuing to global markets in custom 20-foot shipping containers utilizing intermodal rail and vessel infrastructure. The shipment is the company's first BitCrude transportation process demonstration, proving the ability to move bitumen safely and efficiently, in adherence to Canada's regulatory framework.    

Advanced production modeling and reservoir engineering software solutions from Emerson on display

Emerson will showcase its advanced Exploration & Production (E&P) software solutions for optimizing Production Modeling and Reservoir Engineering workflows at the Society of Petroleum Engineers Annual Technical Convention and Exhibition in Calgary, September 30 - October 2.  Daily demonstrations at booth #819 will highlight Emerson's technologies for solving subsurface and surface challenges, to reduce uncertainty and enhance confidence in drilling decisions.

Pipestone gas plant officially commissioned by Tidewater

Tidewater Midstream and Infrastructure Ltd. has announced that it completed commissioning and start-up of the Pipestone Montney sour deep-cut gas processing complex.  The Pipestone Gas Plant is designed to process approximately 100 MMcf/day of sour gas and includes an acid gas injection well, salt water disposal well, and pipelines that directly connect to Tidewater's Pipestone Gas Storage Facility.  Additionally, the Pipestone Gas Plant is connected to both the Alliance and TC Energy pipeline network.

Subscribe to our free magazine

Get Our Magazine

Paper or Digital delivered monthly to you

Subscribe or Renew Learn more

$2 billion TransAlta energy investment move to include natural gas over coal

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.

Oversupply of natural gas to push U.S. prices sharply down: IHS Markit

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.

Oil and gas PPE landscape shows positive outlook, says Frost & Sullivan

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.

Subscribe to our free newsletter

Get our newsletter

Learn more

$1.4 billion power cogen plant planned for Suncor's oil sands base plant

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.

August shows slight yearly increase in Canadian rig count

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.

Clariant marks opening of new high throughput experimentation lab

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.

Subscribe to our free magazine

Get Our Magazine

Paper or Digital delivered monthly to you

Subscribe or Renew Learn more