Cenovus Energy Inc. remains committed to increasing shareholder value through cost leadership, capital discipline and safe and reliable operations. These commitments, in combination with the company's high-quality upstream assets and joint ownership in strong refining assets, are expected to further strengthen Cenovus's ability to generate free funds flow and continue deleveraging its balance sheet in 2019.
NewTek Sensor Solutions offers an extended series of spring-loaded LVDTs that provide accurate dimensional feedback for a variety of position measurement and quality assurance applications including go/no-go measurements, automotive part quality testing, roller position/product thickness control, TIR measurements and material testing under stress.
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.
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.
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.
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.
As Western economies have struggled with the upheavals brought about by globalization, technological change, and disruption, one sector remained consistently strong for Canada: the energy industry. Put simply, Canada's economy cannot prosper without a growing and healthy resource sector.
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.
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.
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.