energy services

How Energy Companies are Adapting in the New Norm

The introduction of the energy service provider in the eighties has been a wild climb to the top in terms of demand. Energy service companies cover a diverse assortment of energy industry service providers. An ESCO is a company that offers detailed energy solutions to its clientele, such as auditing, improving and implementing adjustments to the ways the consumer utilizes energy, the definitive milestone being refined efficiency.

Based on past data and news from energy news outlets, going in to 2022 we’re positioned to witness historic high big oil prices. The issue being though is the fact that there are numerous nations with their unique plan that hinders with progress in the oil reliant energy segment. In Canada we notice this prominently between one of its provinces, Alberta, and the federal government. Concerns between Alberta and the Canadian authorities has a long and spotted history.

It is now clear that the “new norm” post COVID19 is driving providers to consider their company models and adjust accordingly. Yet another version of energy services was the technical side where technical measuring equipment and additional analytical gear have emerged as common in this rapidly progressing field.

Energy Services - How Energy Companies are Adapting in the New NormMainly energy service organizations center on reducing energy usage and saving organizations on energy expenditures by a range of ways which includes moderating energy consumption and discount rate negotiations with regards to energy supply management companies. In the 1990’s with deregulation we saw the rise of ESCOs then activities slowed down during the Obama administration we witnessed reversals of regulations only to again be deregulated by the current President Donald Trump. At the present time we’re witness to almost certainly the biggest deregulating governments the U.S.A. has ever experienced which is only improving with recent remarks from the Trump Administration made in Texas this past week.

An interesting study between the US and Canada indicates the contrasting differences regarding a deregulating government like the United States Of America is presently,, and the Liberal leading government of Canada. If truth be told, at the time of writing this article Total has stated they will be writing off over $6 billion in Alberta oil sands assets in Canada.

There are a number of variants of the categories of service offered by energy services companies. Some include renewable energy, carbon credit offset program, commissioning and startup, ecological site assessments, mobile steam services, fuel flare vent and others. However why bore (no pun intended) you with the specifics of every one of them.

Energy consultant companies are on the increase as rates vary we see a demand for energy procurement companies to make a deal for discount energy prices. The central focus of energy consultants is generally to save their clients dough by negotiating energy prices and making existing operations more cost effective. These service providers begin with undertaking what is also known as a base line of initial energy assessment. What this does is it renders a quantifiable start line by which every thing moving forward can be evaluated with to ascertain energy savings efficiency. Organizations that use energy management companies understand the worth of these reports by these energy service providers and as a result often work closely with each other. The importance of the close working relationship between the energy consultant and the organizations management can not be understated given in any energy review it is imperative to have corporate leaders promptly available.

Some of the solutions these companies perform might include things like turnarounds, construction, environmental impact studies, meter proving, mobile boiler trucks, transport and others. Overall though we are on the cusp of a paradigm shift within this sector due largely in part to the pandemic that has gripped the world over the past 6 months.

Jermaine Tegtmeier is a senior official with Tristar Energy Providers and this is what his thoughts were on the effect of COVID19 on the sector.

“Honestly it worries me with whats ahead for the energy segment in Canada. With political trepidation and the possibility of a resurrection of coronavirus we are all at the mercy of the federal governments of the world.”

ESCOs normally utilize performance contracting, signifying that if the endeavor doesn’t supply ROI, the energy service company is accountable to pay the difference, thus assuring their customers of the energy and cost savings.

Energy Services 1 - How Energy Companies are Adapting in the New NormSince its introduction in the 1990’s, a single US federal government program known as “Super-ESPC” (ESPC stands for Energy Savings Performance Contracts) has been accountable for $2.9B in energy services companies contracts. With it being revived and improved in late 2008 they’ve awarded 16 companies with what is generally known as Indefinite delivery/indefinite quantity or IDIQ contracts valued at over $5 billion each on average. The business of energy service can often mean many things but the one commonality among them all is the common target of decreasing energy spending and making current systems more efficient.

Nowadays it is not uncommon to find ISP (Internet Service Providers) which are supplying bundles with phone, Internet, tv and home security alarm systems, through a single provider. In Canada we generally see energy providers partnering with government so they’re able to further grow their reach with consumers which include the leading natural gas company in Canada named Enbridge, Enbridge has worked diligently to grow their service providers and products to capture even more of the energy consumer sector. We’re now observing the evolution and merging of utility and service providers.

Energy service firms however are a motley bunch that provide industrial solutions like turnarounds, fuel flare venting, restoration of discontinued wells etc. Services that the utility firms couldn’t be bothered to offer nor will they ever. These sorts of service will continuously remain autonomous. Lastly, you should note that energy solutions is a booming company that involves a wide selection of different project specific providers when in the oilfields or on the rig.

Grande Prairie Shutdown Services Company Breaks Down the Differences

Meter proving happens where a meter prover tests and confirms the quality of a meter either computerized , also known as SMART technologies, or analog. Where it comes to meter proving there are numerous variables and the figures may perhaps possibly change impulsively based on the kind of meter and technique of testing. For instance a propane gas meter prover samples the consistency of a propane meter. It is not as easy as you might imagine with regards to meter proving, the provers have to determine and compare to pre-calculated information as reported by their guide.

It is now essential to note that though meter proving and meter testing may possibly well to-be the same thing, they’re not and the dissimilarities are fundamental to understand also.

Don Hebert, TRESEO, a company focused on marketing for energy services

Meter proving is the method for determining a modification element (i.e. a meter factor) to fine-tune the calculated levels for inaccuracies as a result of installation and operational affects. This can be done in which the professional (aka certified meter prover) compares the outcomes obtained from the meter versus the data provided from NIST. Proving meters of hydrocarbon is very common among pipelines. More common than not provers have data provided from meter station employees to compare their data readings with.

meter testing - Grande Prairie Shutdown Services Company Breaks Down the Differences

Since the early 1900s, bell provers have been the most usual reference standard applied in gas meter proving, and has provided guidelines for the gas industry that’s sadly predisposed to an array of unmeasurable concerns.

A gas meter prover is a unit that verifies the correctness of a gas meter. City and public works are easily the many popular employers of meter provers. Harvest Oilfield Services is a company focused on providing not only meter proving services but also specialize in shutdown and turnaround services in the Grande Prairie region of Alberta, Canada.

We understand the intricacies of meter proving and testing and that is why our team of highly skilled trademen are adept in this vertical and offer only the finest in accuracy and dependability in the region.

Scott B. of Harvest Oilfield Services

Provers perform by transferring a known quantity of air through a meter while watching the gas meters register, index, or central displacement. Subsequently the prover analyzes the per cent of air directed through the meter using the air measured from the meter itself.

The bell is effectively a vertical interior tank with an external insulating exterior. A space among the inner tank and outer shell is loaded with a sealing liquid, usually oil. An upside down container, known as the bell, is set over the tank that is inside. The fluid could also be to act as a airtight seal for testing. Bell provers are regularly counter-weighted to supply pressure level that is positive to a line and valve connected to a meter. We regularly see rollers that are on the bell that allows for soft linear mobility without danger of ruining the strain created by the bell seal shifting.

Mistakes in proving by operators is interestingly common and should be considered and readjusted throughout all the incoming data. One inconsistency above every other is the the majority of common issues and that is where provers experience temperature discrepancies somewhere between the bell meter and the attached hoses utilized by the prover. Mechanical, human, insecure pipes and connections, are typically things that may possibly also be to blame for inconsistencies.

meter proving - Grande Prairie Shutdown Services Company Breaks Down the Differences

Since we earlier revealed, each gas type features its own means of meter testing. Natural gas as an example needs a couple visual inspections just before the PACs are made use of. There’s various different techniques of testing like gas quality, ultimately meter testing never compares data to a primary reference device. This is an exception to this rule still and that is the orifice meter testing. This method does demand testing versus a primary reference.

The natural advancement of the automated bell and PAC controls guided itself to the use of vacuum driven provers with arrays of sonic nozzles (using choked flow to present precise flow rates. This also not only is an advancement in full automation but also savings as it eliminates the need for a bell given testing is done through nozzles and pipes. When testing employing machine-controlled methods with vacuum, this is achieved with a sonic nozzle and validated against industry standards like Bernoulli’s principle. The best part about employing digital machine-controlled units in proving is that live data can possibly be collected and transmitted across an central network granting dynamic analyzing of the incoming live data.

UPDATE: after researching and compiling this article for publication, we felt that within the article we gave appropriate credits to the companies who’s research papers we drew from. However after publishing this blogpost we were contacted by an energy management advisor company, QuotEnergy, who claimed we’d used some of their data without giving credit. Therefore we do acknowledge that part of this article drew from data in part from QuotEnergy company.

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In-Depth Guide of Crude Oil Refining Process

Have you ever wondered how a petroleum refinery works? How we can use products such as gasoline, medicines, plastics, or agricultural chemicals? What the steps are in the refining process? Who are responsible with making the process successful?

I’m sure by now you already had these questions about the petroleum refining process. So, here’s the step-by-step process of how refineries transform crude oil into more usable forms.

Distilling Phase

The first step towards the transformation of crude oil to usable forms is the distilling phase. In a distilling column, liquid is turned to vapor at different levels, and then distilled again to separate liquids.

The top is cooler than the bottom of the column, resulting to condensation of the liquid and collected to their respective trays. Light products end up at the top, while straight run residue at the bottom of the column.

Cracking Phase

Due to products like gasoline being more in-demand in the market, straight run products are converted to lighter liquids. This is where the cracking phase comes in. The term cracking is derived from how molecules of heavy liquids are turned into smaller, but more useful molecules. In turn, the liquid will be lighter and have more value in the market.

Reforming Phase

The reforming phase is undergone by the liquid for the purpose of raising the quality and volume of gasoline that can be produced by refiners. Increasing the octane is needed to have cleaner fuels.

The reforming process makes this possible by producing reformate, a substance needed to increase octane. During the reforming process, there might be catalysts used which starts the treating phase.

Treating Phase

Fuels that we use every day need to have no contaminants in order to be effective. Since crude oil naturally contains sulphur, nitrogen, and other contaminants, the treating phase aims to remove these chemicals through hydrogen binding.

After binding with hydrogen, acids are then poured to their respective columns to remove contaminants. Some of the molecules that aren’t used for the petroleum industry is then sold to other industries.

Blending Phase

Finally, the refining process undergoes the blending phase for crude oil to turn into finished petroleum products. Since motor vehicles require certain specifications to maximize their performance, refineries adjust the finished products so it meets these needs.

The blending process doesn’t necessarily need to take place at refineries. It can even be at off-site locations or anywhere outside the refinery gate, as long as it goes through pipelines.

The People behind the Process

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The refining process can be very sophisticated. So, to ensure that the refining process will go smoothly, crude oil refineries hire some of the top scientists and engineers around the world.

As you can see, the entire refining process is complex and intricate. We trust that you now have a better understanding of this interesting industry.

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6 Considerations for Buying Drilling Rigs You Should Be Aware Of

Whether you’re looking to go into the oil and gas business with your first rig, or an established drilling business with the desire to expand or have other branches, you have to buy a drilling rig.

However, different types of oil and gas businesses also require a different drilling rig. Sometimes, people make a mistake with buying one and that leads to a negative return-on-investment.

So here are different considerations that you need to take before you buy a drilling rig.

Used Drill Rigs

When deciding to buy drill rigs, one question that comes to mind is if you’ll purchase used drill rigs or new ones. However, if you finally decide to buy a used drill rig, remember that the treatment of companies to the rigs will differ.

They may have used it harshly, or gently. Also check the hydraulic systems and other parts of the rig if there aren’t any issues present.

Upgraded Technology

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Continuous use of your old drilling rig will wear out its productivity and quality, even when it’s not obvious. So, buying a new drill rig provides you with more productivity and possibly help you drill more meters.

It will also decrease uptime and have more safety measures installed. Having more safety measures will reduce cost of a drilling contractor.

CarbonConversions - 6 Considerations for Buying Drilling Rigs You Should Be Aware Of

The Drilling Company

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Besides the improvement in technologies, you also have to consider how the drilling company is doing things. For example, their productivity with their employees on producing new drill rigs if it’s still high-quality.

Another consideration you should make in checking the drilling company is their ability to mobilize contracts.

Availability

There are times when you should expect drilling companies to have longer lead times. Whenever the inventory is high, production of rigs isn’t maximized and lead times are reduced.

However, if the inventory is low, drilling rig production will be faster so lead times will be increased.

Reliability

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Whenever your old rigs break down, the down time can affect your productivity and reduce your profit. It can also affect drilling contracts and the costs will start piling up. It can be due to the loss of productivity, uptime contractual obligations, and repair costs.

So, having a new drill rig can keep a contractor from getting kicked off a contract.

Price

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When you’re buying a new drill rig, there are several options out there, and some are super cheap. While it may be tempting to buy those, you have to consider the total cost of ownership.

Take your time calculating the price of each of the replacement parts and you’ll find that it would help you in the long run. At the end of the day you’ll have to do at least some homework and research in finding a drilling rig that best suits your business goals and needs. We trust that our list of considerations have informed you of all the necessary details to look into before buying the first and best option you find.

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5 Most Reliable Crude Oil Buyers around the World

Crude oil is a commodity to many countries but it’s also the most unrefined product found in the market. That’s why there are only limited buyers of crude oil in the world, compared to buyers of other products.

Most importantly, a crude oil cargo can cost up to 150 million USD. Getting a deal out of a company with no proven credibility can cost you a fortune!

Whether you have a cargo of crude oil at your disposal or looking to be an oil tycoon, you should know about these 5 most reliable crude oil buyers around the world.

Phelps Dodge Corporation

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Phelps Dodge is one of the largest copper miners you’ll find around the world. In fact, 30 percent of the copper in the United States come from this corporation.

Equinor ASA

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Equinor ASA is a multinational energy company with their headquarters located in Stavenger, Norway. Currently, they’re working on providing the world a sustainable energy future.

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Shenzhen Gas Corp Ltd

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Shenzhen Gas Corp is engaged with the retail of different gas products. The company prides itself with the distribution of gas products, especially petroleum.

Polarcus Limited OSE: PLCS

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Polarcus is a public limited company in the petroleum industry. Their headquarters is located in Dubai, UAE. The company aims to provide worldwide seismic data acquisition in order to help improve the targeting of oil and gas reserves.

Seadrill

SeaDrill - 5 Most Reliable Crude Oil Buyers around the World

Seadrill, as the name suggests, is a deep-water drilling contractor in the petroleum industry. They provide worldwide offshore drilling services. Despite that, they also accept oil and gas products.

And that concludes our roundup of the five largest and most reliable crude oil buyers and companies around the world. All these companies offer fantastic services and are trusted by large corporations around the globe.

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6 Ideas for a Profitable Oil and Gas Business

Starting a profitable oil and gas business often require large-scale operation and investment. That’s why only a few people dare to start one, and often they find themselves failing to get their investment back.

However, you can always start with small-scale businesses. If you do want to start a large-scale oil and gas business, it must be very, very sustainable.

Here are six of those ideas that will enable you to start an oil and gas business and make it profitable!

GasCompressionBanner - 6 Ideas for a Profitable Oil and Gas Business

Gas Station

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A gas station isn’t exactly the most inexpensive businesses you can put up, but it’s one of the most viable. Not to mention that it won’t be going out of style soon, instead it’s actually more booming than ever.

Oil and Gas Consultancy

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Responding to the changes in the market of the oil and gas industry can be difficult. That’s why companies lean on oil and gas experts for consulting services.

However, if you are to start an oil and gas consulting services, you should have an outstanding understanding of the industry.

Petroleum Refining

Since petroleum mining is becoming a more and more feasible idea for a business, refining is also affected. In fact, the mining sector won’t go anywhere without refineries. However, this is a large-scale operation and requires a huge investment.

Cooking Gas Distribution

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The business of distributing cooking gas is one of the few businesses that you can start with a small capital. To ensure that you’ll get your investment back, and more, learn to spread word about your business through word of mouth.

Crude Oil Shipping

Along with mining and refining, the shipping sector is also needed to manage the oil and gas industry. But just like with the mining and refining business, you’ll have to start with a huge investment.

Invest in Oil and Gas Companies

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Now if you don’t have the required capital to start your preferred oil and gas business, you can always invest on oil and gas companies.

Are you eager to invest in your own oil and gas company? With the business ideas shared here, you’ll definitely be off to a great start. Be sure to do enough research and get all your facts straight before making the investment.