Oil and Gas Product News

Cenovus has released new updates to its 2022 budget, strategy and five-year plan that focus on operating strength, capital discipline and leadership in environmental, social and governance issues. The company also emphasized its commitment to

Underinvestment in oil and gas development extended into a second year in 2021 even as global energy demand rebounded, raising the prospect of price shocks, scarcity and growing energy poverty, according to a new report by the International Energy

Canada's Competition Bureau, the independent law enforcement agency meant to ensure that Canadian businesses and consumers prosper in a competitive and innovative marketplace, is challenging GFL Environmental Inc.'s recent purchase of Terrapure

RTK, a CIRCOR International brand, has introduced the RTK REflex QC Control Valve with balanced trim, which compensates for high differential pressures within the trim to a minimum and thus allows high pressure drop and high volumes to be controlled.

Cenovus is shifting its overall focus and offloading some assets that came with its acquisition of Husky, announcing the sale of its Husky retail fuels network along with the Wembley assets in its Conventional business for a total of $660 million.

Randall-Reilly, a data, pricing and analytics platform for transportation, construction, agriculture and other industrial markets, has acquired Informa's Asset Intelligence Business unit, comprised of EquipmentWatch, Price Digests and FleetSeek

Expro has launched Galea, what it states is the world's first fully autonomous well intervention system, to maximize production while reducing intervention costs, HSE risks and environmental impact.

Engineers at industrial plants and elsewhere will find the new OIW80 Sensor from Electro-Chemical Devices (ECD) helps them quickly, accurately and economically detect oil in water leak incidents requiring fast response actions to prevent further

The Commission of the Canada Energy Regulator did not approve Enbridge's application to enter into long-term contracts on the Canadian Mainline pipeline for 90 percent of the system's capacity. The Commission noted that the proposal would have caused

The Baker Hughes weekly rig report for the U.S. Thanksgiving week showed that both the U.S. and Canada continue to add operating drill rigs, and that both countries continue to be well ahead of 2020's rig counts.