The Canadian Energy Pipeline Association (CEPA) is deeply disappointed by the federal government's decision to reject critical amendments to Bill C-69, which were the result of extensive, open and honest consultations with Canadians from coast-to-coast-to-coast. Those consultations, along with a comprehensive review of the Bill by the Senate, led to nearly 200 amendments which the government has, in large part, ignored. The changes that have been made are marginal and do not go far enough to provide certainty and decrease risks for project proponents and investors.
Canada missing opportunities to capacity lack and regulatory trouble
The Petroleum Services Association of Canada (PSAC) is expressing extreme disappointment with the decision by the Trudeau government to not accept the full slate of amendments for Bill C-69 proposed by the Senate following lengthy consultation with Canadians.
Husky entered guilty pleas on federal and provincial charges related to a 2016 oil spill in Saskatchewan and will pay fines totaling $3.82 million.
The Government of Canada is committed to protecting the health, safety, and environment of Canadians. The Government enforces laws that protect Canada's air, water, and natural environment, and we take this responsibility very seriously.
It is now clear the federal government is ignoring the Senate and the will of Canadians, damaging the country's economic future by not accepting the package of amendments the Senate proposed to Bill C-69, the Impact Assessment Act, according to the Canadian Association of Petroleum Producers (CAPP).
A landmark gift from Pembina Pipeline Corporation is ensuring working landscapes across the Canadian Prairies also work for conservation. Its $1-million investment in Ducks Unlimited Canada's (DUC) Revolving Land Conservation Program will protect approximately 2,000 acres (809 hectares) of important wetland habitat. At the same time, communities across Alberta and Saskatchewan will benefit from a host of environmental benefits. The joint announcement was made and celebrated by Pembina and DUC at a ceremony held at one of DUC's conservation project sites located east of Camrose.
The mercury may be rising currently, but Canadians know winter will always make a chilly return. To combat that coming cold climate, an all-new, exclusive-to-Canada ‘Sub Zero' Package is now available on the Ram 1500 Classic.
CIRCOR Industrial Valves, a leader in designing and manufacturing flow control technology, features its commitment to ONE CIRCOR, ONE Solution, an initiative to provide the right solution for each customer by effectively drawing on the technical capabilities of CIRCOR's trusted brands, like Leslie Controls, Spence, RTK, Nicholson, and more. With a broad range of products to match to requirements and the technical expertise to design optimized systems for specific customer applications, CIRCOR engineers and provides integrated critical steam solutions for process industry, oil and gas, district energy and power systems.
Newly released estimates from satellite data show global gas flaring increased by 3 percent in 2018 to 145 billion cubic meters (bcm), which is equivalent to the total annual gas consumption of Central and South America.
C-Innovation, LLC (C-I), an aﬃliate of Edison Chouest Offshore (ECO) and its family of companies, has been awarded a significant contract to perform Riserless Light Well Intervention (RLWI) activities for BP in the Gulf of Mexico.
Pulse Oil Corp. is pleased to announce the key findings of Pulse's enhanced oil recovery ("EOR") study.
Festo has made the world's first software-driven valve terminal - the VTEM Motion Terminal - the technology core of a new pneumatic fingerboard latching system for drill-rig tublars that offers enhanced safety and durability. This control and monitoring system utilizes the VTEM's intelligent valves to control and monitor the fully locked or completely open position of each latch in lieu of placing electronic sensors and wire harnesses on the fingerboard.
A large number of small, remote and fairly poor First Nations in British Columbia and Alberta support pipelines because they stand to gain substantially from them, finds a new study released by the Fraser Institute, a Canadian public policy think-tank.
Encana Corporation has provided an update on its share buyback program and disclosed its intention to execute a substantial issuer bid (SIB) to fulfill its previously announced 2019 share buyback. In addition, the Company signed an agreement to exit China, strengthened its production outlook for the second quarter of 2019 and reiterated its original capital investment plan.
Baker Hughes, a GE company announced that the Baker Hughes international rig count for May 2019 was 1,126, up 64 from the 1,062 counted in April 2019, and up 159 from the 967 counted in May 2018. The international offshore rig count for May 2019 was 240, down 11 from the 251 counted in April 2019, and up 42 from the 198 counted in May 2018.
More than 100 years ago, Red Deer, Alberta was a quiet prairie town dotted with a few trading posts. Then in the 1950s, major oil and natural gas fields were discovered. The area underwent a dramatic transformation. Today, Red Deer is a modern and thriving city, and the area's oil and gas industry is changing with the times as well.
Leaders to gather at 51st Global Petroleum Show to address critical issues facing oil & gas industry
Global Petroleum Show (GPS) is proud to welcome attendees from all corners of the globe to Calgary, June 11-13, for the 51st year of North America's leading energy event.
Unique Group, one of the world's leading integrated subsea and offshore solution providers, has announced the launch of state-of-the-art survey equipment calibration services from its Houston base.
Canadian oil sands production is set to enter a period of slower annual production growth compared to previous years. Nevertheless, total production is expected to reach nearly four million barrels per day (mbd) by 2030 - nearly one million more than today, according to a new 10-year production forecast by business information provider IHS Markit.
Schlumberger has introduced the GAIA digital exploration platform at the 81st EAGE Conference & Exhibition. The GAIA platform enables exploration teams to rapidly discover and access basin-scale data and manage their exploration opportunities.
The all-new 2020 Chevrolet Silverado's available 3.0L Duramax inline-six turbo-diesel engine adds choice and versatility for full-size truck customers, offering torque and horsepower in addition to focusing on fuel economy and capability. It is the first-ever inline-six turbo-diesel offered in Chevrolet's full-size light-duty trucks.
Canada's next federal government has an opportunity to help define a strategic, long-term vision for the growth of Canada's oil and natural gas sector, one that promotes jobs and a healthy economy for all Canadians, while being part of the solution to meet growing global energy demand with responsibly developed energy, according to the Canadian Association of Petroleum Producers (CAPP).
KROHNE, Inc. announces it will highlight the OPTIWAVE 5400 and OPTIWAVE 7400 radar level transmitters for liquids in chemical, oil & gas and power industries at the 2019 International Liquid Terminals Association's (ILTA's) Annual Operating Conference & Trade Show, to be held June 3-5, 2019, at the George R. Brown Convention Center, in Houston, Texas, Booth 306. Also to be showcased will be the OPTIMASS 2400 twin straight tube Coriolis flowmeter. Experts will be on hand to conduct a demonstration of the OPTIMASS 1400, a cost-effective twin straight tube Coriolis mass flowmeter for a wide range of standard applications with gases and liquids.
Parliamentarians need to support Bill C-69, as it was amended by the Senate Standing Committee on Energy, the Environment and Natural Resources, according to the leaders of the Canadian Manufacturers and Exporters (CME), Canadian Association of Oilwell Drilling Contractors (CAODC), and the Canadian Association of Petroleum Producers (CAPP).
nVent Electric plc has introduced a new standardized design for its nVent RAYCHEM Mineral Insulated (MI) heating units; industry-leading equipment designed to provide superior freeze protection and process temperature maintenance for high-power, high-exposure industrial heat-tracing applications. The new heating units ensure greater operational reliability and corrosion resistance in harsh environments.
Metegrity, a globally trusted provider of quality and asset integrity management (AIM) software solutions, announces the launch of VisionsGo: a new mobile technology for asset inspections management. This first-of-its-kind technology empowers companies with the ability to execute, perform, collect and analyze all asset inspection data directly from the field via mobile tablet.
NETZSCH Pumps North America, LLC, experts in solutions designed specifically for difficult pumping applications, will be highlighting its NOTOS multiple screw pumps at the 2019 Global Petroleum Show (GPS), which will be held June 11-13, 2019, at BMO - Calgary Stampede Park, in Calgary, Canada. Visit Booth #1394 to see the NOTOS, which is ideal for pumping everything from light fuel oil to viscous asphalt. Also to be featured are NEMO full service-in-place (FSIP) progressing cavity pumps and TORNADO rotary lobe pumps.
Rotork intelligent full-turn electric actuators have been supplied for upstream shale gas production wells in the USA.
Siemens enters Permian gas processing market with innovative electric-drive centrifugal compression solution
Siemens was recently awarded a contract to provide three residue compression trains for two, 250 million (500 million total) standard cubic feet per day (MMSCFD) cryogenic gas plants in the Delaware Basin. The customer, a key producer in the region and long-term user of reciprocating compression equipment, recognized the benefits of centrifugal compression and looked to Siemens for a fully integrated, turnkey solution that includes compressors, motors, variable frequency drives, and associated process equipment.
Greene Tweed, a global manufacturer of high-performance seals, thermoplastics, composites, and engineered components, announces the availability of its innovative Arlon 3000 XT thermoplastic for extreme conditions in oil and gas applications.
Canadian Natural Resources Limited has entered into an agreement, subject to regulatory approval, to acquire substantially all of the assets of Devon Canada Corporation , for a cash purchase price of C$3.775 billion (subject to closing adjustments), with an effective date of January 1, 2019 and a targeted closing date of June 27, 2019.
TC Energy Corporation has entered into an agreement to sell an 85 per cent equity interest in Northern Courier Pipeline to Alberta Investment Management Corporation (AIMCo). In conjunction with the sale, TC Energy also expects that Northern Courier Pipeline will undertake a financing of long-term, non-recourse debt, the proceeds of which are expected to be fully distributed to TC Energy. Both transactions are expected to close in the third quarter of 2019, with the equity sale contingent on the debt financing and subject to closing adjustments along with customary regulatory approvals. The 90 km (56 mile) pipeline system transports bitumen and diluent between the Fort Hills mine site and Suncor Energy's terminal located north of Fort McMurray, Alberta. The resulting aggregate gross proceeds to TC Energy are projected to be approximately $1.15 billion.
AltaGas Ltd. has celebrated the grand opening of its Ridley Island Propane Export Terminal (RIPET), located in Prince Rupert, British Columbia - the first marine export facility for propane in Canada. The facility began introducing propane feedstock in mid-April, and the first shipment departed the terminal on May 23, 2019 bound for Asia.
Capital spending shifts and increased free cash flow generation included in Husky five-year plan update
With a focus on generating increased free cash flow, the updated Husky Energy five-year plan shows reduced capital spending to achieve an annual average of $3.15 billion for 2019 - 2023 versus the previously planned 2018 - 2022 annual average of $3.5 billion. Total capital spending over the 2019 - 2023 five-year period is reduced by about $1.7 billion, with total free cash flow before dividends expected to reach $8.7 billion at a flat $60 US WTI planning price.
The Canadian Environmental Assessment Agency (the Agency) must decide whether a federal environmental assessment is required for the proposed Tilt Cove Exploration Drilling Project, located 300 kilometres southeast of St. John's, Newfoundland and Labrador.
PetroShale announces financial and operating results for first quarter 2019 and provides operational update
PetroShale Inc. has announced its results for the first quarter of 2019, including a production rate averaging 5,036 boe/d, up by 52 percent from 2018, and increased revenue from year to year.
The Canadian Association of Petroleum Producers (CAPP) is pleased the British Columbia Court of Appeal has reaffirmed that no one province has the authority to shut down construction of the Trans Mountain expansion pipeline (TMEP). The future of TMEP now rests with the Government of Canada to ensure construction begins immediately following the completion of consultations on June 18, 2019.
The province of British Columbia announced that it would appeal a court ruling against proposed legislation that could negatively affect the Trans Mountain Expansion Project.