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Oilweek Magazine
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Click here to view a free sample digital edition of Oilweek magazine. As a paid subscriber, all issues of the magazine, including back issues, are online for you to read, search, and reference. |
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Featured Articles
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Aug 2010
On being boringFreehold Royalty Trust fine tunes a course set in history
The English Restoration began in 1660 with the crowning of King Charles II, two years after the death of Oliver Cromwell and the easing of military rule. Theatres reopened, women for the first time performed on stage, Puritanism lost momentum, and Charles became known as the "Merrie Monarch" for his hedonistic court and maybe also for his prowess in siring at least 12 illegitimate children by various mistresses.
More to the point of this story, Charles is also remembered for granting
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Aug 2010
On a rip
Deep down, Precision Drilling actually wanted to be a corporation and ruffle some feathers
Federal Finance Minister Jim Flaherty's income trust announcement at the end of 2006 meant the days of trusts quietly generating a profit in Canada and funnelling those earnings back to investors were coming to an end.
Precision Drilling Trust had no regrets. It was the starting shot that hurled Precision out of the blocks to become the company imprinted in its genes and what it is today: an aggressive, smart, growth-oriented oilfield services corporation, North America's most active
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Aug 2010
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Building out
TransCanada’s new boss oversees a transformative capital program
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Russell Girling is only a few weeks into his new role as president and chief executive officer of TransCanada Corporation (taking over on July 1 to replace Hal Kvisle, who retired June 30) but already he has a clear focus: ensure his company's unprecedented $22-billion capital program stays on track to deliver on the promise of ushering in a new era of robust profitability.
The Keystone Pipeline System, at $13 billion, is the largest part of this four-year capital program. "It's under...
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Jul 2010
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Moving on up
Suncor Energy was the big mover in Oilweek’s latest Top 100 survey, riding the acquisition of Petro-Canada to become Canada’s largest crude oil and liquids producer
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It wasn't exactly unexpected. As soon as Suncor Energy announced last March its $2-billion merger with Petro-Canada, it was assumed that the combination would create pretty close to the biggest oil and gas producer in Canada.
Not quite, but pretty close. Suncor jumped four spots in the list this year, based on combined oil and gas production, to second from sixth as output nearly doubled, to 455,833 barrels of oil equivalent (boe) per day in 2009 from 264,767 boe per day in 2008. Cana...
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Jul 2010
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Diary of a spill
Fail-safe might be the ideal, but responding to an emergency is often about dealing with realities, not ideals
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Fail-safe: A device or system that, in the event of failure, ensures that said failure will cause no, or at least minimal, harm or danger. But for an industry like offshore drilling, with an engineering environment so challenging it has been compared to space exploration, is there such a thing as fail-safe?
April 20: The Deepwater Horizon platform explodes approximately 80 kilometres off the Louisiana coast in the Gulf of Mexico. Eleven men die in the inferno that follows. Two days...
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Jul 2010
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It’s a matter of safety
With oil leaking in the Gulf of Mexico, Canada is well-positioned to deal with the heightened risks—and reap the bountiful rewards—of frontier exploration
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As the United States administration and BP plc struggle to deal with what could turn out to be the largest-ever offshore oil spill, the Canadian oil and gas industry can look back in admiration at a frontier drilling history that has been relatively free of stains.
Oil and gas continues to be pumped from fields off the east coast. Crude oil has been produced and shipped from the Arctic Islands. And natural gas from the Mackenzie Delta region is poised to supply southern markets, pendi...
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Jun 2010
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The right coast
Way out east, the offshore and the onshore are buzzing as Newfoundland and Nova Scotia see second waves of resource development
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Newfoundland and Labrador's buzzing oilpatch is about to get busier. The same cannot be said for the rest of Atlantic Canada, though in Nova Scotia exploration is stirring from several years of stagnation while Encana prepares Deep Panuke for natural gas production.
"The original schedule, when the project was approved, was actually for the production field centre to go in this fall and to have first gas by the end of this year," says Stuart Pinks, chief executive officer of the Canad...
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Jun 2010
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On a mission
In an effort to create markets for growing shale gas production in North America, Encana is pushing to build out our natural gas vehicle infrastructure
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By most accounts, emerging shale plays in North America offer a resource in excess of 2,600 trillion cubic feet-a century of supply at a modest 70 billion cubic feet per day of production and 70 years at a more aggressive 100 billion cubic feet per day.
That's a lot of "bridge fuel" to a carbon-constrained future, and as global economies emerge from a 30-month recession, more and more discussion is swirling concerning a shale-induced gas glut in North America-and indeed around the wor...
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Jun 2010
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A better broom
Wavefront’s Powerwave downhole tool improves reservoir sweep and boosts reserves
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The analogy might be a stretch, but anyone who has used a Waterpik oral-care product on their teeth will understand the value of Wavefront's pulsating water injection downhole tool in optimizing reservoir sweep efficiencies in enhanced oil recovery.
And yet, Powerwave isn't the household name Waterpik is. Despite the ease of use. Despite years of proven performance in boosting oil reserves. Despite it being a game-changing technology. Go figure.
Chalk it up to the industry'...
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May 2010
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Deadly distractions
In the hectic and fast-paced energy industry, getting to and from the job shouldn’t be an invitation to disaster
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When my friend Colin got up for work yesterday morning, his day looked a little like this:
• Woke up at 6 a.m. after five hours of restless sleep.
• Skipped breakfast because there was nothing appealing in the fridge anyway.
• Had a quick shower and got dressed.
• Scraped last night's snow and frost off his pickup truck.
• Called his girlfriend to tell her he loved her and couldn't wait to see her the following week.
• Departed his acreage near Calgary at 6:30 a.m....
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