Global Valve and Controls
5Apr/17Off

Will the Solar Power industry take over the Petrochemical industry?

After oil sky rocketed down around the world, a new technology emerged in Norway which focuses primarily on offshore solar power. When oil started going down in 2014, many engineers lost their jobs and are still looking for work in the O&G industry. The downturn brought, Øyvind Christian Rohn ideas on how to create a new renewable source, even possibly create more jobs than the O&G industry supplies. He created the idea of having offshore solar power technology.  The idea is to have the "technology that will have solar farms that can float on the ocean surface, with their power transmitted back to land. Since physical space is limited in population centres, especially in areas of high growth such as South East Asia, its idea is to use the ocean’s surface around the world."

In Norway, The petrochemical industry is still hierarchy but according to Rohn, "It is becoming the long-term solution for the world because it is abundant energy and costs have gone down rapidly." The solar industry is still very new technology and is currently being used at 1% but the idea is growing very fast. In fact, the municipal county in Oslo is offering households a subsidy of 30% of the investment to install solar panels in their homes.

Cost is not the only thing that many people factor in the challenge is that they have grown up with the idea of having the O&G sector. People have worked in the industry, thus has become part of their culture. The main challenge would be to switch to green energy.

 

https://www.theguardian.com/sustainable-business/2017/mar/28/oil-and-gas-norways-fossil-free-energy-renewables-oslo?utm_source=dlvr.it&utm_medium=twitter

29Mar/17Off

Fracking in the Permian Basin

Fracking in the Permian Basin

 

The Permian Basin is found in a large part of West Texas as well as Southeast of New Mexico. It was named Permian because it has one of the worlds thickest deposits of rocks Permian geologic period. The Permian Basin is actually composed of three basins which include the Midland Basin, Delaware Basin and the Marfa Basin. Many people do not know but the Permian Basin is the largest petroleum producing basins in America. To get an idea of how large this basin really is, currently, nearly 2 million barrels of oil a day are being pumped from the basin, which still contains an estimated 43 billion barrels of oil and 18 trillion cu ft. of gas.

Companies working in the Permian face two challenges when it comes to water: getting enough water for fracking and getting rid of underground water released by fracking. Water injection is part of the fracking process and currently there are disputes on what needs to be done with the wastewater. Water is beneficial to fracking, by sending a mixture of water, sand and certain additives into a deep-rock formation at high pressure. Soon after the fracturing occurs, water returns to the surface as “flowback” or wastewater. 

What they used to do what inject the water back into the ground, but there are studies that show this has actually been linked to earthquakes. Oklahoma is a prime example, because of this Oklahoma has limited wastewater injections.

Water poses problems for the energy industry in the Permian

 

16Feb/17Off

Information about the Dakota Access Pipeline

Dakota Access Pipeline facts

Who owns the pipeline? It is a joint venture between Energy Transfer Partners, Sunoco Logistics Partner and Philips 66, Enbridge and Marathon Petroleum.

What are some of the valves that the pipeline might use? Trunnion Ball Valves are the most popular, but Gate Valves, Globe Valves, Check Valves can also be found.

How much will the pipeline project cost? Roughly 4 billion dollars.

How much oil will the pipeline carry? 470,000 to 570,000.

What is the main purpose of this pipeline? It is very controversial but the main principle that has been recorded is that the pipeline will free up the rails which can carry more grains and consumer friendly goods.

Where is the pipeline located and where will it pass through? The pipeline route runs from the northwestern North Dakota Bakken and Three Forks sites. It starts in Stanley, North Dakota, and travels in a southeastward direction to end at the oil tank farm near Patoka, Illinois.

Is pipeline safer than rail? Although trains can get derailed, it is very rare. This perhaps will never get answered as pipelines too can have problems but as long as they are properly maintained the risk should be low.

Will the Dakota pipeline be the only one in the area? No, there are actually 7 other pipelines that are located near Lake Oahe.

Is the Dakota Access Pipeline near completion? Since President Trump has signed the papers regarding the pipeline, it should be completed sometime this year.

Global Valve Controls ANSI600 Expanding Gate Valves

Source: http://www.npr.org/2017/01/28/512096744/as-trump-reboots-pipeline-expansion-an-unexpected-delay-emerges

 

24Mar/16Off

Lubricants for Your Valves’ Gearbox

Theory: Cold weather dictates a different type of lubricant to avoid seizure and promote proper function inside the gear housing.

Global Valve and Controls states, “in order to have a proper functioning valve it is necessary to use the correct grease inside the gear housing.”

In a case study where non-cold rated grease is applied to a valve that is heading to Wyoming, where the weather can be frigid seven months out of the year; the likelihood of the valve seizing becomes increased and the average lifespan potential will decrease.

Aftermath: It is a wise decision to consider the environment that your purchased valve will be applied to. With Global Valve and Controls, these are questions we ask our customers to protect their investment in order to increase the longevity of their valve; like a vehicle, it is important to use the recommended lubrications and oils to ensure proper performance. Valves are the same way. Moving parts need the correct lubrication to operate proficiently.

Fact: Materials such as grease or oil, are affected greatly by weather, hot and cold. However, lubricants can be engineered to withstand various environments by being structured to hold their viscosity.

5Jan/160

Public education is benefiting from the low oil prices

Believe it or not, there are those that are actually benefiting from the low oil prices and no they are not the people at the pump but the public schools.  How is this so? Well, there are many schools in North Texas, for example, that have oil and gas producing properties within their district boundaries. In turn, many local districts receive millions of money per year in property tax alone.

To give you an idea, Last year, Fort Worth ISD received $9.1 million from oil and natural gas property taxes. Northwest ISD received $20.1 million. Weatherford ISD got over $2 million, and Decatur ISD got $10.3 million, which is over one-third of its total tax base.

The money the schools receive allows them to hire more teachers and pay them well, thus giving the students a better education. It also helps the students have better facilities, programs, and supplies. It is no surprise that while oil continues to go down, public schools will continue to profit from many oil and gas companies. Funds for Texas education come from a variety of royalties and taxes paid by the oil and natural gas industry.
Read more here: http://www.star-telegram.com/opinion/opn-columns-blogs/other-voices/article51557495.html#storylink=cpy

 

16Dec/150

No more drilling in Bristol Bay

Environmentalists and nature lovers have received the news they have always wanted to hear; their precious Bristol Bay in Alaska is under the protection of President Obama, and there will be no further disruption to the ecosystem. The reason that Mr. Obama has put these waters under his protection is because, Bristol Bay is home to the last pristine salmon ecosystem in North America and stands unmatched in its productivity. Nearly 50 percent of the world’s wild sockeye salmon come from these waters.” This bay is a jewel for the people who live near or around it as it supports and creates at least 12,000 jobs for the fishermen and processors and provides in the millions of dollars in jobs for commercial fishermen. ”Removing Bristol Bay from future offshore drilling plans is the right decision. We congratulate Bristol Bay leaders for their vision in ensuring that America’s “Fish Basket” will continue to be one of the richest ecosystems and a source of sustenance for people in Alaska and around the world.”

Bristol Bay has not always been so fortunate; many years ago many oil and gas developers were seeking this particular area for drilling.

http://www.worldwildlife.org/stories/alaska-s-bristol-bay-protected-from-oil-and-gas-drilling

 

 

3Dec/150

Benefits of Oil

If you have been keeping up with the news around the world, or even in your back yard, then you already know that the oil prices are still low and it’s not looking any better than it did last month or the month before. It is now a fact that the sectors for the oil and gas industry will never be where they were, but instead will become accustomed to the change. This leads us to why is the oil so important to our economy? Did you know, “oil is directly responsible for about 2.5% of world GDP but also accounts for 1/3 of man kinds energy supply.”

DID YOU KNOW? “The world’s oil & gas transport infrastructure is a globe-spanning spider web of pipelines and shipping routes. The natural gas distribution pipelines in the US alone could stretch from Earth to the Moon 7-8 times”

Without oil, we might as well all be doomed. Not literally. In other words, oil is healthy, and without it, we would all live in poverty. “Better sources of energy increase productivity and produce fewer negative externalities. This effect is huge. Cheap, abundant energy lifts nations out of poverty. China understands this.”

http://www.forbes.com/sites/quora/2013/04/03/what-are-the-top-five-facts-everyone-should-know-about-oil-exploration/

16Nov/150

Mining flood devastates hundreds

Two dams have burst open in Southeastern Brazil earlier in the month. This catastrophic event has killed 9 people, has listed 19 missing and hundreds have lost their homes and has cut off everyone’s drinking supply.

The sheer volume of water disgorged by the dams and laden with mineral waste across nearly 500 km is staggering: 60 million cubic meters, the equivalent of 25,000 Olympic swimming pools or the volume carried by about 187 oil tankers.

Researchers have warned everyone that because of the dams bursting there are now chemicals to be found in the nearby streams that will over time harden, reduce oxygen levels in the water and could wipe out the existence of riverbanks and farmland where floodwater has passed. This is not a temporary effect, but will last for hundreds of years.

"It's already clear wildlife is being killed by this mud," said Klemens Laschesfki, professor of geosciences at the Federal University of Minas Gerais. "To say the mud is not a health risk is overly simplistic."

The aftermath is devastating, and will make farming more impossible as many lands are now contaminated, and not useable.

 

http://www.reuters.com/article/2015/11/15/us-brazil-damburst-environment-idUSKCN0T40PY20151115#rHkweC63Xf7rkb6s.97

9Nov/150

TransCanada’s Keystone XL Pipeline

TransCanada’s Keystone XL pipeline has been a widely debated topic since 2008. On Monday, November 2nd 2015 TransCanada requested to delay the review of their Keystone XL pipeline. The request was denied by the U.S. State Department just two days later. TransCanada wrote a letter to Secretary of State John Kerry stating their request for a delay was because of unresolved issues in Nebraska that would dictate the exact path that the pipeline would take through the state. The rejection of the review came as a surprise to many people, because just last year the State Department temporarily stopped the review for very similar reasons regarding the pipeline’s route through Nebraska. There has been much speculation whether that is the true reason for TransCanada requesting a delay. Some suggest that economic or political issues are why TransCanada is now requesting a delay to the review that they have been trying to get approved for over seven years now. With the price of oil being much lower than in recent years, TransCanada’s profit margins would be greatly reduced. From a political standpoint, it has been suggested that the Keystone XL pipeline will have a better chance of being approved by a potential Republican Party presidential candidate, instead of President Obama, who has already voiced his concerns on the matter.

 

http://www.bbc.com/news/world-us-canada34716181

http://www.washingtontimes.com/news/2015/nov/4/obama-rejects-request-suspend-keystone-review/

29Oct/150

Hiring in the oil crisis

Oil has been low for about a year now and it will continue to be stable till maybe the year 2020 researchers predict. This information doesn’t necessarily mean it will become harder for more and more workers to find jobs, but what it does mean is that even there many companies are laying off, they are still hiring for new talent. Companies such as Chevron, “has maintained a robust recruitment program, despite falling oil prices that have battered the industry.”

Southwestern Energy Co., another example,” While some industry veterans may worry that companies are searching for younger and cheaper replacements amid a slump that has pinched budgets across the industry, McCauley said recruitment doesn’t have to displace existing workers.” These two companies are just two examples, as there are many others that are hiring for new talent to keep up with business.

As employees working for energy companies watch the flurry of layoff announcements with trepidation, their best strategy is to work hard to better themselves and the company — figure out ways to leverage the crisis to create opportunities — rather than “hunkering down and just trying to survive

http://fuelfix.com/blog/2015/10/27/energy-execs-say-industry-still-recruiting-to-keep-up-with-talent-lost-in-layoffs/#36284101=0