In less than four years, the Quest carbon capture and storage (CCS) facility has captured and safely stored four million tonnes of CO2, ahead of schedule and at a lower cost than anticipated. Four million tonnes of CO2 is equal to the annual emissions from about one million cars. Quest has now stored underground the most CO2 of any onshore CCS facility in the world with dedicated geological storage.
Oil & gas leaders look for cost reduction and efficiency gains
Process and plant engineers designing or instrumenting safety integrity systems (SIS) requiring air or gas flow meters will want to discover the new SIL compliant ST80 Series Thermal Mass Flow Meter from Fluid Components International (FCI). FCI's ST80 has already been independently evaluated by industry expert exida for compliance and the FMEDA summary is available for review by prospective users.
Oil potential remains abundant beyond shale, according to Association of International Petroleum Negotiators
How does the oil and gas industry plan its future in the ever-changing operating environment? The Association of International Petroleum Negotiators (AIPN) International Petroleum Summit, held in Houston, focused on a number of themes which will help companies determine a strategy for the years ahead.
Sometimes, timing really is everything.
Siemens and Chronicle, an Alphabet company, today announced a new partnership to protect the energy industry's critical infrastructure from increasingly sophisticated and malicious industrial cyber threats at Spotlight on Innovation, Siemens flagship U.S. technology and innovation conference. Through a unified approach that will leverage Chronicle's Backstory platform and Siemens' strength in industrial cyber security, the combined offering gives energy customers unparalleled visibility across information technology (IT) and operational technology (OT) to provide operational insights and confidentially act on threats.
Over the past decade, uncertainty has been constant in Canada's oil and gas industry, brought on in part by unknown investment outlooks, lack of market access, and a complex regulatory process. According to PwC Canada's 2019 Energy Visions report, there are two main factors that could catalyze change for the oil and gas industry: a national energy strategy as well as further technological innovation.
Doosan Portable Power is expanding its small air compressor lineup with the introduction of the Doosan XP185WDO. This high-pressure model produces 185 cfm and 125 psi, making it ideal for a variety of applications such as general construction, sandblasting, pneumatic tool operation, pipeline testing and fibre optic cable installation.
GMC is taking premium to the next level with all new availability for a carbon fibre bed, 3.0L Duramax turbo-diesel and 10 speed automatic transmission, plus additional technology like Adaptive Cruise Control - Camera to elevate the ownership experience in the 2020 Sierra 1500. The updates add to a robust portfolio of technologies that deliver an innovative and premium ownership experience.
Within natural gas systems, one of the most important methods to verify the integrity of pipelines is through the hydrostatic pressure test. Designed to test the transmission systems - one of the largest sections in a natural gas system - the hydrostatic test varies on the level of requirements. Depending on local regulations, it may require testing pressure and multiple temperatures in the pipeline for several hours prior to and after a pipe is put into service.
Events like this happen once a year, at most. On June 27 - 28, 2019, the world's largest industrial auctioneer, Ritchie Bros., will sell more than 120 pipelayers and other pipeline construction equipment at its auction site in Columbus, OH. Every single item will be sold without minimum bids or reserve prices.
AW-Lake Company now offers its HUB-40EX Hazardous Area Rated Flow Sensor with a choice of either sinking or sourcing digital output and a choice of 316 stainless steel or aluminum junction box; or for areas with limited space, a version with no junction box at all. Compatible with any stainless-steel AW-Lake flow meter, the explosion-proof frequency output sensor is ideal for use in any industry or flow measurement application requiring an explosion-proof sensor such as chemical injection or hydraulic fracturing.
Crude-oil-to-chemicals technology could boost per-barrel profits for refiners and petrochemical producers: IHS Markit
A revolutionary new chemical process technology, called crude oil-to-chemicals (COTC), could more than double the profitability derived from a barrel of crude oil, according to a new, independent economic assessment from IHS Markit.
AW-Lake adds the RT-50 Flow Rate Transmitter to its Bluetooth Series of Products that support remote monitoring and programming of its flow meters from the convenience of a smartphone. The FAC-S Analog Output Sensor and FAC-R Frequency to Analog Converter also offer Bluetooth connectivity and analog output options when interfacing with AW-Lake Flow Meters and other instrumentation. Bluetooth connectivity provides an added convenience for users to monitor and program flow meters from the convenience of a smart device.
- The Battery-Powered Flow Rate Transmitter offers a local and remote display of flow rates in locations where equipment is exposed to different environmental elements. When operating locally, the transmitter offers a six-digit LCD display that continuously shows either the flow rate or total. When using Bluetooth connectivity, users can opt to view readings and adjust rate, total, reset, sleep mode, or time on a smart device
- The Analog Output Sensor is ideal for users of AW-Lake flow meters that want a voltage, current or handheld flow reading. Mounted directly to a gear or turbine flow meter, the FAC-S Analog Output Sensor provides five user-selectable analog and current outputs including 4-20mA, 0-5V, 1-5V, 0-10V, and 2-. Using the Bluetooth interface, users can program and watch live flow measurements from the convenience of a smartphone. The microprocessor-based FAC-S Sensor supports process monitoring, data acquisition and signal conditioning in various industries.
- A remote version of the FAC-S, the Frequency to Analog Converter interfaces with flow meters, tachometers, pumps, motors and linear/rotational encoders to convert sensor frequency to current and analog outputs. Bluetooth connectivity supports remote programming and flow monitoring from a smartphone. An economical alternative to a PLC card, the FAC-R is ideal for use in process monitoring, data acquisition and virtually any application when sending an analog signal to a PLC or other control system.
With no need for compressed air, early electric actuators could operate with less sound and less maintenance than the predominant pneumatic actuator. Of course, the standard pneumatic option offered its own apparent benefits - performance in extreme temperatures, for example, and an elegant simplicity. As a result, the flow control industry has stubbornly clung to pneumatic actuators, specifically in the American market, for decades.
Canada's vast gasoline production and transportation infrastructure ensures flexible and reliable supply for Canadians but unique market conditions in each region drive prices at the pump, according to a new report released by the National Energy Board (NEB).
ProSep, a technology and service provider for integrated process solutions to the global energy industry, has successfully secured a contract with Aker Solutions to provide two MAX+ ProSalt mixers to Equinor's Heimdal Gas Centre Platform in the North Sea.
Caterpillar Oil & Gas is pleased to announce the launch of the new Engine Idle Reduction System (EIRS). The Engine Idle Reduction System, also called EIRS, is an advanced way of optimizing fuel usage and non-productive engine idle time.
Atlas Copco Power Technique North America has launched a high-pressure booster range to the market. The booster enables the operator to increase the pressure of the primary compressor for better productivity on the jobsite, offering solutions up to 5,000 PSI.
Wellbore Integrity Solutions (WIS), an affiliate of private equity firm Rhône Capital, and Schlumberger jointly announced that they have entered into an agreement for WIS to acquire the businesses and associated assets of DRILCO, Thomas Tools, and Fishing & Remedial services, along with part of a manufacturing facility located on Rankin Road in Houston, Texas. The transaction is valued at approximately $400 million and is subject to regulatory approvals and other customary closing conditions. The parties expect to close the transaction by year-end 2019.
Canbriam Energy Inc. and Pacific Oil and Gas Ltd. have announced the signing of definitive documents for the acquisition by PO&G of all of the issued and outstanding shares of Canbriam for cash consideration. Canbriam's Board of Directors has provided unanimous approval of the Transaction, and all of the officers, directors and significant shareholders of Canbriam representing greater than 90 percent of the outstanding Canbriam shares have entered into support and lock-up agreements in favor of the Transaction.
Fuelled, Canada's leading energy equipment marketplace, announced an agreement with PricewaterhouseCoopers Inc., LIT, in its capacity as the court appointed Receiver of Trident Exploration. This agreement will allow Fuelled to act as the exclusive sales agent for Trident's surplus oil and gas equipment. Fuelled is representing the Receiver on the divestiture of approximately 250 pieces of production equipment located in Western Canada. "We look forward to working closely with the Receiver on this engagement while we continue to deliver an unparalleled customer experience to our online buyers" said Austin Fraser, VP of Fuelled. "Trident's equipment includes gas compression, separation, dehydration, refrigeration, MCC's and other gas processing equipment that we believe there is strong demand for from our customers domestically as well as in the US and Overseas"
Venture Global selects Honeywell Modular LNG pretreatment technology for Calcasieu pass export facility
Honeywell announced that Venture Global LNG, Inc. will use a series of technologies from Honeywell UOP to remove various contaminants from natural gas prior to liquefaction at its Calcasieu Pass LNG export facility in Cameron Parish, Louisiana.
The International Gas Union (IGU) released its 2019 Wholesale Gas Price Survey at Flame 2019. The survey is the eleventh to be undertaken in a series that began in 2007. The eleven surveys examine the dramatic changes in wholesale price formation mechanisms during a period of key developments in the global gas market.
ITT Inc.'s BIW Connector Systems brand will showcase its enhanced electrical wellhead penetrator solutions for the upstream oil and gas market at the Society of Petroleum Engineers Gulf Coast Section's ESP Symposium May 13-17, 2019 at The Woodlands Waterway Marriott Hotel & Convention Center near Houston, Texas.
In the contentious and often polarized debate around energy issues, Canadians now have a new online tool to get the facts about liquefied natural gas (LNG), a fuel that is set to become the second leading energy source worldwide by 2040.
Quartzdyne, Inc., a producer of pressure transducers for the oil and gas industry, introduced its Gen2 Quartz and Piezo Memory Tools at the Offshore Technology Conference (OTC).
Athabasca Oil Corporation has reported strong operational and financial performance in the first quarter of 2019. With its resilient business model, the Company is well positioned to generate free cash flow in 2019 and beyond.
Pfannenberg, a manufacturer of thermal management and signaling technologies, announces a new video highlighting the ease of installation of its line of PATROL signaling devices, including both audible and combined visual-audible signal models. Pfannenberg signaling devices are designed to be installed in less than a minute. Video viewers can see a direct head-to-head comparison with competitive signaling alarms that take considerably more time to install.
TC PipeLines, LP reported net income attributable to controlling interests of $93 million and distributable cash flow of $116 million for the three months ended March 31, 2019.
Wild Well Control, a Superior Energy Services company and global leader in well control, engineering and training services, has launched a new online well control e-learning course, Introduction to Drilling Operations.
Baker Hughes, a GE company announced that the Baker Hughes international rig count for April 2019 was 1,062, up 23 from the 1,039 counted in March 2019, and up 84 from the 978 counted in April 2018. The international offshore rig count for April 2019 was 251, up 4 from the 247 counted in March 2019, and up 57 from the 194 counted in April 2018.
From 2016 to 2018, capital investment in Canada's upstream oil and gas industry (essentially, exploration and production) increased 15 percent compared to 41 percent in the U.S. over the same period, finds a new study released by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank.
Schlumberger introduced the IriSphere look-ahead-while-drilling service at the Offshore Technology Conference. The new service provides the industry's first application of electromagnetic (EM) technology for detecting formation features ahead of the drill bit in oil and gas wells.
Last week, Ritchie Bros. sold 12,300+ equipment items and trucks for CA$207+ million (US$154+ million) during its massive five-day auction in Edmonton, AB.
Probe continues to make headway in offering its customers additional resources to dramatically increase their data logging capabilities through the adoption of its high-speed digital (HD) telemetry platform.
At OTC 2019, Weir Oil & Gas introduced its new SPM EXL Frac Pump - engineered from the ground up to be the most durable, longest-lasting 2500 horsepower pump on the market, the company states. With the highest rod load rating in its class at 238,000 pounds, this pump is designed to withstand today's harshest fracking conditions and ease maintenance for operators' field teams.