With the BP gulf floor oil leak making the news – all bad even if they get it stopped, some good news is worthwhile. Especially when the Obama tribe has frozen the major U.S. controlled North American resources of oil development for political appeasement to ‘do something.” Meanwhile the Bakken formation in the north of the U.S. and southern Canada is growing production and growing in importance. Crescent Point Energy of Canada has tested their Bakken wells with fracturing and water floods tripling the recovery making the estimate move up to recovering 30% of the oil in place.
It’s worthy news. This writer hasn’t addressed the BP gulf floor leak – you’ve noticed, and maybe won’t at all. It’s simply a media frenzy and political positioning structure while the people and environment take the hit. Blaming and leveling responsibility takes precedence over imparting resources, something the big oil industry has to do alone while coping with the public relations cost of stupid media and useless political power. Enough for now – but that’s an idea of why the post hasn’t been written.
Scott Saxberg, chief executive of Crescent Point Energy Corp. told the company’s annual general meeting the application of water flooding, along with infill drilling, could allow the company to more than double reserves within five years.
In an interview, Saxberg said two years of tests at an initial pilot project in the Bakken – and more recent results from a second test – show that injecting water into formations being tapped by nearby horizontal wells with multiple fracture stimulations can help boost recovery from about 10 per cent to 30 per cent of oil in place.
For Crescent that would mean, “These mainly untapped resource pools provide Crescent Point with over 5,000 drilling locations and the potential to add over 500 million barrels of reserves, which could potentially double our current net asset value,” Saxberg said.
Saxberg explains, “We’ve seen very strong results. What it’s done in the pilot over the past two years is give us flat production. Without it, it’s 10 per cent, and with infill drilling you might get to 20 per cent. And then with water flood it’s 30 per cent. That’s huge.”
It’s because normally, after an initial “flush” of production in the first year, Bakken oil output drops off by about 70 per cent.
But Analyst Kyle Preston of Canaccord Adams cautioned that Crescent Point’s water flood strategy is promising, but not necessarily proven in all areas of the Bakken saying, “This water flood technology is not really new. What’s new here is applying the water flood to a tight rock reservoir which, to my understanding, hasn’t been done very successfully in the past.” Preston points out PetroBakken, the second-largest player in the Bakken, doesn’t believe in water flooding.
Here’s a look at how Canada treats new resource development. Trent Stangl, Crescent Point’s vice-president of investor relations, explained the company’s strategy is to let a central well produce for about a year to take advantage of Saskatchewan’s royalty holiday on new horizontal wells before converting it into an injector well. Then forcing water into the well builds pressure underground to push more oil out of surrounding wells, a technique commonly used in conventional oil fields.
Saxberg adds, the company is also experimenting with cemented liners on the horizontal part of the wells instead of steel pipe, allowing adjustments in the number of fractures as the well ages. He added the company is pleased to hear about the Alberta government’s new royalty incentive plans, including lower royalties for deep wells and horizontal wells, but he has no immediate plans to spend money in Alberta.
We’ll see how long that lasts in Alberta. One nation’s dumb move can be another’s windfall. As the U.S. administration plays media politics and undermines the national economy the neighbors, bless ‘em, can make good use of the capital. And why not? Our Canadian neighbors can use the capital, jobs and economic growth as well or better than anyone else.
The only concern then is, can the Canadian effort stay profitable at lower oil prices? With the Athabasca oil sands under political assault the Alberta and Saskatchewan provinces need a fall back. The irresponsible and capricious political neighbor brings risks, as the U.S. economic recovery isn’t driving lots of oil consumption.
Crescent Point plans four more pilot projects throughout the Bakken field over the next year. With U.S. offshore drilling at a standstill, the capital going inert, worker layoffs imminent, and a sure increase impact on the world price of oil, the BP leak looks to grow far beyond a single company’s disaster and ecological calamity.
Irresponsible and capricious political conduct might be media savy – but the impact will be long and costly for consumers the world over. But hey, only about 75% of American’s are catching on – throwing in with BP to get the oil escaping contained, stopped and the ecology and economy protected, sustained and supported could have been the job. But leftism doesn’t even think to cooperate with business. Leftism needs commercial disasters to participate in the economy. Commercial disaster gone far enough is an ‘opportunity’ to bail something out and take over making the capital, jobs and eventually, the management their own.
The Bakken oil field and the Canadian firms leading the technology are refreshing in the current U.S. situation. Thanks neighbors, we wish you well. Thanks to the Calgary Herald for kicking up the story. Americans need a little good oil news about now.
Here is the original post: New Energy and Fuel
May 10, 2013 Energy Talks
The Canadian Energy Research Institute (CERI) has a new study out that finds the economic impact of oil sands development in Canada will boom in the U.S. economy and is expected to lead to the creation of more than 342,000 new U.S. jobs between 2011 and 2015. That’s up close timing and a serious number of good jobs the U.S. needs now.
The study is titled “Canada’s Oil Sands and Economic Impact on the USA,” says greater production of Canadian oil sands will stimulate economic activity in both countries. As oil sands production and investment in Canada rises, demand for U.S. goods and services increases significantly, adding an estimated $34 billion to U.S. gross domestic product in 2015 and rising to $42.2 billion in 2025. This just enhances Canada as the largest trading partner of the United States. It’s a very good thing to get some of your fuels from the good neighbors. Having been up there, what facts are to be seen in the media are mostly environmental gyrations of misinformation.
What is also overlooked is the Canadian desire to extract the full value of the resource. Particularly in Alberta the attitude is to get the whole carbon resource in value mode. Bitumen is a heavy carbon molecule and research is going to find a way to get the carbon excess back into useful products.
Meanwhile, CERI says in its study, “Oil sands reserves play an increasingly important role in the economic development of Alberta, Canada and the United States. What is often not clearly understood is that the large investment in the oil sands industry contributes to increased economic activity in the rest of North America by stimulating demand for goods and services across a wide range of industries.” That’s meaningful observation. Few people realize how important to their lives the oil sands business works both at the fuel purchase level as well as the jobs, paychecks and the investment returns side.
The U.S spokesperson, API President Jack Gerard says, “Clearly Canadian oil sands development is a win-win for both Canada and the United States. Not only is greater oil sands production crucial for U.S. energy security, it also supports thousands of American jobs and is a major contributor to our nation’s economic growth.”
The study was commissioned by the API, begging the obvious question, “Who would know if its not researched?” So you know, CERI is a non-profit Canadian energy and environmental research institute.
CERI based its assumptions on oil sands output rising from about 1.4 million barrels a day to around 4 million barrels a day in 2025. It estimated annual capital investment and operating costs needed to achieve this output – about $25 billion in new investment and $7 billion in operating costs in the peak year of 2015 – and then estimated the economic impact to Canadian and U.S. economies.
According to the study by CERI the benefits of oil sands development are broadly shared across many U.S. industry sectors and regions. Thought about, it starts with folks arranging the rights of way for the new pipelines, trenching and pipliners on to refinery builders, workers, contactors and even something for the public relations folks who oppose the whole thing. It’s a great new source of fuel, economic activity and cash flow.
Canada is by far the biggest supplier of imported oil and natural gas to the United States and growing. Companies are investing huge sums to expand U.S. refineries and build new infrastructure to transport the Canadian oil into the United States. It comes from the north – just opposite of the southern source with its hurricane risk.
The report itself occupies 56 pdf pages with the executive summary through to the results running 24 pages. That leaves about half for the intro sheets and a large appendix. This is a good pdf to have for fact checking.
Even the narrative is packed with graphs and charts. It’s a very quick read.
But one suspects that it is as all things forecasted, subject to the real world. Which if anything, tends to suggest that the numbers will be understated over time. Bitumen as a fuel source is going to last a very long time.
It’s a nice thing and a choke on the naysayers, to have a sense of what the investment, jobs and continental security is worth to the U.S and Canada. It’s best to get on with it too, as the age of oil is winding down, and if the large and heavy bitumen molecules are ever going to be worth anything, its now.
Here is the original: New Energy and Fuel
International Professional Engineer (IntPE) and Engineering Technologist (IntET) Register for UK Chartered Engineers Working Overseas
Apr 10, 2013 Sponge
CIBSE Membership – would like to draw its members attention to the option of belonging to the IntPE and IntET Register – if they are working overseas.
International Professional Engineer (IntPE) Register
This Register is governed by the Engineers’ Mobility Forum, which consists of the national engineering organisations of Australia, Canada, Hong Kong, Ireland, Japan, Korea, Malaysia, New Zealand, South Africa, UK and USA. FEANI has observer status.
Entry to the Register, which began operation in 2002 – the UK section of the Register opened on 1st October 2002 – is open to registered Chartered Engineers (CEng) in the UK who meet the following criteria:
- have been assessed within their own economy as eligible for independent practice
- have an academic qualification equivalent to an accredited degree
- have seven years post-graduation experience
- have spent at least two years in responsible charge of significant engineering work
- are maintaining relevant continuing professional development at a satisfactory level
International Engineering Technologist (IntET) Register
The IntET Register has also been set up by the Engineering Technologist Mobility Forum, which comprises ECUK and the national engineering organisations of Canada, Hong Kong, Ireland, New Zealand and South Africa.
UK registered Incorporated Engineers (IEng) are deemed to have equivalent competences to those who elsewhere in the world are generally described as engineering technologists.
To qualify for the IntET title, it is necessary to hold an appropriate academic qualification (generally a bachelor’s degree, HND or HNC) and have a minimum of seven years’ post-graduate experience as an engineer, with at least two years in charge of significant engineering work. Applicants also need to show an up-to-date record of continuing professional development.
Applications have to be made through the candidate’s engineering institution. The registration fee is £90, renewable every five years at a fee of £25. Successful applicants may use the titles ‘IntPE’ and ‘IntET’.
For more information applicants should read the guidance notes (available from the EC UK website — http://www.engc.org.uk/international/about_international_register.aspx
The application form can be downloaded from the website or alternatively contact the Membership Department:
Telephone 020 8772 3650
Here is the original post: CIBSE Membership
Apr 8, 2013 Energy Talks
The Landscaping and Groundskeeping magazine reviewed Oil Gone Easy S-200 in its 2009 August edition. Canada’s only tabloid-sized product-focused publication that covers product releases and full-length articles related to the landscaping and groundskeeping industry is full of approval for this eco-friendly oil stain remover. It calls Oil Gone Easy S-200 “ideal for handling oil stains on driveways, pathways, sidewalks, garages and concrete surfaces.”
Residential oil spills are a major cause of concern as they can inflict significant damage to the environment. They can result in serious soil contamination and also affect private wells, drinking water supplies, and even adjacent properties. They bring down the value of your property and cleanup costs are also quite high.
When residential oil spills from domestic tanks or leaks from lawn equipment or vehicles occur, the soil is contaminated. When plants grow in contaminated soil, the toxins enter the plant. In addition, human beings and animals are also affected by soil contamination. That is why oil spill cleanup assumes so much of importance when an oil spill occurs. Oil Gone Easy S-200 is one stain remover that is capable of eliminating stains from anywhere in the property.
According to the Landscaping and Groundskeeping magazine, “Oil Gone Easy S-200 is bio-remediation product that uses special nutrients to attract microbes to a spill, which then break the oil down into water.” It explains that this oil stain remover “actually recruits local bacteria to work on the oil stain and its liquid form encapsulates the fuel spill immediately, preventing it from evaporating, washing away in rain, or seeping further into the ground. Oil Gone Easy takes about a week to completely remove an oil stain, eliminates odour, and biodegrades quickly after removing an oil spot.”
Oil Gone Easy S-200 can be totally relied upon to remove oil stains and spills in your home or garden completely. It is an extremely safe and easy method to remove driveway oil spots as it is non-toxic and non-flammable.