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.
Nearly $10 billion in U.S. oil and gas mergers & acquisitions during July 2018
Komatsu America has introduced the 354-horsepower D155AX-8 LGP (low ground pressure) dozer which incorporates proven Komatsu technology used in the D155AX-8, enhanced with two blade options and more track on the ground. With 12% wider track gauge, 9% longer track on ground and 47% lower ground pressure than the standard model, the D155AX-8 LGP offers improved performance, flotation and stability.
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.
Designed for scrap recyclers, petrochemical plants, fabricators and quality control departments seeking to measure low concentrations of carbon in metal, along with a range of elements, Thermo Scientific's new lightweight Niton Apollo handheld LIBS analyzer features laser-induced breakdown spectroscopy (LIBS) for speed, increased accuracy and greater mobility.
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.
Corrosive atmospheres, extreme temperatures, explosive zones, indoor or outdoor applications: Festo's PCRP filter regulator delivers high flow rates and reliable compressed air pressure control in a range of harsh environments. Its housing and interior are made entirely of premium stainless steel to ensure high corrosion resistance. The UV-resistant PCRP functions reliably outdoors and at temperatures ranging from -60°C to +80°C. Its also built rugged for potentially explosive zones 1, 2, 21 and 22.
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.
Fluid Components International (FCI) has opened registration for its next free customer training Product Knowledge Workshop, which will take place on October 15-16 in San Marcos, California. This workshop is designed to provide customers comprehensive training on FCI thermal dispersion mass flow meters, flow switches, and level switches.
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.
Obsidian Energy has continued to make good progress moving through the second quarter of 2019, according to its most recent financial reports.
Certarus Ltd. enters into CNG supply agreement with Kirkland Lake Gold for its Canadian mining operations
Certarus Ltd. has entered into a long term compressed natural gas ("CNG") supply agreement with Kirkland Lake Gold for the implementation of bulk compressed natural gas to service the heating requirements at all of its Canadian mining operations.
FLO Components Ltd. is representing Macnaught in Ontario and Manitoba. Macnaught has been a manufacturer of grease, oil and fuel equipment, hose reels and positive displacement flow meters for the agricultural, automotive, industrial, mining and transport industries across the globe, since 1948.
CAS DataLoggers provided the data acquisition solution for MTS Solutions, an oil field service company headquartered in Bakersfield, California. MTS has been providing well stimulation services in California for over 30 years, maximizing production for clients using both traditional and green products. Data Acquisition Operations Engineer Kevin England explains, "We're a small business 25-man crew, as opposed to a multi-national company, so we needed a cost-effective monitoring solution for our jobs that still had the advanced functionality our customers require."
Baker Hughes announced that the Baker Hughes Rig Count for the U.S. is down 8 rigs from last week to 934, with oil rigs down 6 to 764, gas rigs down 2 to 169, and miscellaneous rigs unchanged at 1. This is the tenth straight week that the American rig count has declined,
Single Phase Power Solutions, the world's only manufacturer of high horsepower single phase electric motors, match their motors to a pump to provide instant productivity. Available from 30 to 100 HP these single phase pump solutions are easily installed by simply connecting to available single phase utility power - they do not require a phase converter or Variable Frequency Drive (VFD). The company incorporates their Belle Single-Phase MotorT which uses Written-PoleR technology to power standard suction end centrifugal pumps, rotary gear pumps, and turbine pumps in both horizontal and vertical configurations. These pump solutions are ideal for irrigation, drinking water distribution, well pumps, aquifer management, water treatment, wastewater pumping, wastewater collection, wastewater treatment and discharge, and other water and wastewater processing applications. With expertise in pump systems design and manufacture, Single Phase Power Solutions team helps determine the correct materials and style of pump to suit specific application requirements.
Intertec Instrumentation is launching a range of tough field enclosures for housing remote I/O and other control and instrumentation electronics, featuring compact passive cooling to dramatically reduce costs of ownership. The new enclosures help EPCs and processing plant engineers to eliminate the need for large and costly plant buildings such as satellite instrument houses or remote instrument enclosures - which often need to be air conditioned and blast- and fire-resistant.
Fairbanks Scales Inc., has announced the new Talon Low Profile Truck Scale, ideal for replacing older low profile scales reaching the end of their service life.
Inter Pipeline Ltd. is exploring the potential sale of its European bulk liquid storage business. Should a sale be completed, proceeds could be used to reduce outstanding debt and finance Inter Pipeline's capital expenditure program, including the Heartland Petrochemical Complex.
In its second quarter financial results, AltaGas Canada Inc. announced that the business is maintaining a strong position and will continue to move forward with growth programs in the near future.
CIRCOR International, a worldwide manufacturer of valves for the power generation, industrial, marine and oil and gas markets for over a century, features high-quality R.G. Laurence on/off control valves for applications demanding rapid opening and sealed closure. ATEX-certified and Factory Mutual-approved R.G. Laurence valves offer reliable performance in high temperature and extreme service conditions.
KROHNE, Inc. announces PipePatrol, a comprehensive suite of software modules for long or short distance single and multiproduct pipelines for oil, gas, water, chemical or refined products offers monitoring and protection of pipelines in all operating conditions.
Baker Hughes, a GE company announced that the Baker Hughes international rig count for July 2019 was 1,162, up 24 from the 1,138 counted in June 2019, and up 165 from the 997 counted in July 2018. The international offshore rig count for July 2019 was 255, up 9 from the 246 counted in June 2019, and up 38 from the 217 counted in July 2018.
Superior Industries, Inc., the U.S. based manufacturer and global supplier of bulk material processing and handling systems, has announced a new partnership with Canada's largest distributor of conveyor belting, components and other bulk material handling solutions. Belterra, a 50-year-old distributor with 19 locations throughout the country, will stock, sell and service Superior's conveyor idlers, pulleys, scrapers and accessories in Quebec.
RTK, a CIRCOR International brand, and an international leader in the design and manufacture of control valves and actuators, introduces the REflex Quick Change Seat Control Valve with REact 30 DC-PoP smart actuator, a flexible all-in-one solution for noise reduction and high pressure drop applications.
CAS DataLoggers has provided an automated data collection and transfer solution for a crude oil refinery which wanted a standalone data logger to take thermocouple readings in several their observation wells. These shafts are connected to the refinery via extensive pipelines for subsequent processing. Management stressed that alarming features were important-sudden temperature spikes during crude extraction could cause a rupture, while sudden drops lowered pumping efficiency.
Motive Offshore Group, specialists in marine equipment fabrication and rental, has announced the launch of Motive Personnel - a division specifically created to provide offshore technicians to its global customer base.
Abrado Wellbore Services, the specialist global, expandable section milling plug and abandonment service technology company, has secured a multi-million dollar contract from Chevron's Environmental Management Company to support the plug and abandonment (P&A) of more than 30 wells offshore California.
Baker Hughes announced that the Baker Hughes Rig Count for the U.S. is down 4 rigs from last week to 942, with oil rigs down 6 to 770, gas rigs up 2 to 171, and miscellaneous rigs unchanged at 1.
TC PipeLines, LP reported net income attributable to controlling interests of $55 million and distributable cash flow of $70 million for the three months ended June 30, 2019.
Iris Automation, Skyfront and Echodyne power first ever beyond-visual-line-of-sight drone flight without human visual observers
The University of Alaska's Unmanned Aircraft Systems Integration Pilot Program (UASIPP) has conducted the first ever beyond-visual-line-of-sight (BVLOS) drone operation without visual observers, an industry milestone powered by Iris Automation's on-board, and Echodyne's ground-based, detect-and-avoid systems integrated onto a Skyfront Perimeter UAV.
MEG Energy announces record $195 million free cash flow, $285 million debt repayment and new 5-Year credit facility
MEG Energy Corp. has reported its second quarter 2019 operational and financial results. The company reported a record free cash flow of $195 million for the quarter, a solid production level and good movement towards its yearly targets.
Canadian Natural has announced its second quarter results for 2019, with the company stating its diverse, balanced asset base plus flexible capital allocation helped an adjusted funds flow of approximately $2.7 billion.
Mammoet has announced its intentions to acquire ALE. Both companies are specialists in engineered heavy lifting and transport for sectors such as the petrochemical industry, renewable energy, power generation, civil construction and the offshore industry.
The Petroleum Services Association of Canada (PSAC), in its third update to its 2019 Canadian Drilling Activity Forecast, announced that it is decreasing its forecasted number of wells to be drilled (rig released) across Canada for 2019 from 5,300 (May 2019 revision) to 5,100 wells drilled. PSAC based its updated 2019 Forecast on average natural gas prices of $1.60 CDN/Mcf (AECO), crude oil prices of US$57.00/barrel (WTI) and the Canada-US exchange rate averaging $0.76.
Encana Corporation has announced its second quarter 2019 financial and operating results, reporting solid production increases and continued movement in repurchasing of its common shares, among other highlights.