Archive for February, 2015
Multi-stage horizontal well production increased 400%
The Quantum Downhole Systems successfully cleans sand to stage #10 After a conventional wellbore clean out failed to restore acceptable production, Quantum Downhole System used its JetVak process to clean the wellbore of sand and significantly exceed production targets. Background Well location: Kaybob field, Fox Creek, Alta., Canada in the Montney Oil zone. The subject […]
Barack Obama responsible for cool relationship with Canada?
Keystone XL has been major irritation between Canada and USA, thanks to Barack Obama American President Barack Obama has been to Canada twice since being elected in 2008. Allan Gotlieb says the president is largely to blame for the current chilly relationship between the two countries. The elder statesman among all former Canadian ambassadors to the United […]
Trican Well Service: Q4 profit of $4.9M, revenue up to $755.4M
Trican Well Service saw steep decline in demand for pressure pumping services in late 2014 Trican Well Service Ltd. (TSX:TCW) has reversed last year’s fourth-quarter loss to post a net profit of $4.9 or three cents per share for the three months ended Dec. 31. In the year-earlier period, the Calgary-based oilfield services company with operations […]
Oil demulsification and challenges for Texas producers
Thermovault is cost-effective, environmentally responsible method of oil demulsification Efficiently separating water from crude oil – oil demulsification – can be a significant issue for producers. In principal, the operator has three main options: allow enough time for gravity to settle out the free water, add chemical demulsifiers, or apply heat. Usually, a combination of these methods is used. […]
Keystone ‘roller coaster’ ride ahead, ambassador Doer says
Keystone XL pipeline provision may be attached to infrastructure or budget bill Ad for Keystone XL pipeline. Canada’s ambassador to the U.S. predicts a wild ride ahead in the Keystone XL debate, with this week’s presidential veto of a pro-pipeline bill just one more twist in the journey. “We expect a roller-coaster here and we […]
Encana cuts capital spending plan by US$700M amid low crude prices
Encana brings down capital budget to between $2B to $2.2 B Encana says budget revision shouldn’t come as a surprise as the company prepares for a ‘lower priced environment’. Encana photo. Encana Corp. (TSX:ECA) is slashing $700 million from its capital budget this year as it continues to adjust to an environment of low crude […]
Climate change: Salty lakes store carbon, not emit it, says new study
Climate change exaggerates effect on salty lakes New research suggests salty lakes common across the Prairie landscape are having different climate change effects than those with softer water. The paper, published in the journal Nature, says lakes in northern latitudes with hard, alkaline water are now helping remove carbon from the atmosphere instead of releasing it. […]
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Colorado oil, gas panel says local gov’t has consulting role, not power to set rules
Colorado oil, gas panel accused of turning a deaf ear to fracking concerns A task force is recommending that local governments be given a consulting role on some decisions about the location of large Colorado oil and gas facilities, but the panel decided against suggesting that cities and counties be allowed to enforce their own […]
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Obama arguments against Keystone Xl pipeline are flawed
If Canadian producers keep investing in new technology, Keystone XL could lower GHG intensity of heavy crudes refined on Gulf Coast President Barack Obama vetoed a Congressional bill supporting the Keystone XL pipeline Tuesday, falling back on his oft-repeated arguments the TransCanada project is bad for the environment. But does his argument stand up to scrutiny? Each side […]
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Keystone XL bill vetoed by President Obama
Keystone XL veto sends issue back to Congress U.S. President Barack Obama made good Tuesday on a threat to veto a bill to approve the Keystone XL pipeline, bringing the two sides in the long-running controversy to a rare point of agreement: their battle is far from over. ”The president’s veto of the Keystone jobs […]
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