DOCSLIB.ORG

Long Lake Oil Sands Project Awards $35 Million Automation Contract to Emerson

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Long Lake Oil Sands Project Awards $35 Million Automation Contract to Emerson APPLICATIONPROFILE Long Lake Oil Sands Project awards $35 million automation contract to Emerson merson Process Management has within three years. and other digital communications is another announced that it has won a $35 mil- The joint venture’s adoption of Emerson’s important step in reducing capital and oper- Elion contract to serve as general PlantWeb® digital architecture to deliver ational costs while improving plant safety, automation contractor (GAC) for a $3.4 bil- process automation and asset optimization reliability and productivity,” Cushon said. lion oil sands extraction project. was key in reducing the total Long Lake The largely modular plant will be built The Long Lake Oil Sands Extraction project automation budget to $120 million and shipped pre-wired to the site to reduce Project is a joint venture of two Canadian from an original $200 million estimate, construction costs. Cabling efficiencies of companies, OPTI Canada Inc. and Nexen which was based on traditional control and the fieldbus technology will play a key role Inc., 200 miles north of Edmonton. It will be systems technology. Emerson’s smart safety in bringing together more than 300 plant the oil and gas industry’s first project to instrumented system (SIS) will enable the modules economically. combine a SAGD oil sands extraction facili- Long Lake Project to use digital intelligence “We are extremely pleased with this to maximize plant and per- opportunity to serve as general automation sonnel safety. contractor and implement our PlantWeb Emerson and Spartan with FOUNDATION fieldbus automation Controls Ltd., Emerson’s technology to improve the efficiency and local business partner in economics of oil sands processing,” said John Alberta, will supply automa- Berra, president of Emerson Process tion specific engineering, Management. “We’re committed to helping project management, com- the Long Lake Project achieve safety and missioning, and ongoing operational excellence in the production of maintenance and operations synthetic crude, while controlling costs.” support. Mike Begin, president of Spartan Controls By combining its added, “The Long Lake Project plan is inno- automation and project vative and forward-thinking. We are excited management expertise with about working with the project team to help the front-end design and the Long Lake Project realize the full range construction led by engi- of benefits available through the digital neering and procurement PlantWeb technologies.” contractors (EPC’s), Collaboration with OPTI and Nexen, Emerson expects the digital Emerson, and EPC’s will create the digital solution will assist OPTI Long Lake Oil Sands plant. The PlantWeb Canada Inc. in delivering architecture of digital intelligence will annual operation and main- include Fisher valves and Fisher FIELDVUE tenance savings of $5.5 mil- digital valve controllers, Rosemount meas- lion for the upgrader. urement instruments and analyzers, and Finding ways to reduce Micro Motion Coriolis flowmeters, all com- the high cost of oil sands municating over the network to the DeltaV extraction and processing in digital automation system, smart SIS sys- DeltaV SIS safety systems modules will be put to the this remote area has been a tem, and the AMS Suite: Intelligent Device test at Long Lake. Emerson Process Management key objective of project plan- Manager predictive maintenance software. introduced the company’s PlantWeb Smart SIS archi- ners, said George Cushon, Process equipment status and diagnostic tecture in June, promising to deliver “the industry’s project manager of automa- information will be delivered to those com- first integrated, intelligent safety management solu- tion for OPTI Canada Inc. missioning and operating the plant. tion”. “Costs in the automation Operations and maintenance guidance from Photo courtesy Emerson Process Management area will be controlled PlantWeb will enable a predictive operating through the application of approach that enables local and remote per- ty that recovers and dilutes bitumen, with a advanced technologies, and leveraging of sonnel to anticipate and deal with issues field upgrader that processes the bitumen Emerson’s advanced control service capabili- before they impact operations. This into synthetic crude. The operation will ties and expertise. The all-digital plant uti- approach is expected to improve plant safety, result in the production of approximately lizing Emerson’s proven PlantWeb digital keep personnel secure, reduce cost, and 60,000 barrels per day of synthetic crude technologies with FOUNDATION fieldbus increase plant up time. PW 34 | Fall 2004 | PROCESSWest About Emerson’s New Smart Safety and alarms are presented on Emerson’s Instrumented System DeltaV operator interfaces, stored in its his- torians, and passed to the AMS Suite: Billed as “the industry’s first smart SIS” Intelligent Device Manager software for Emerson Process Management’s extension of integrated documentation and management. its PlantWeb digital plant architecture to “Our smart SIS delivers the same ease of include safety instrumented systems was use and efficiencies for safety in process facil- introduced on June 8, 2004, during ities as the proven PlantWeb architecture Calgary’s Global Petroleum 2004 by the does for mainstream process automation,” company’s VP of Marketing Duncan commented John Berra, president of Schleiss. Emerson Process Management. Emerson’s smart SIS employs digital intel- “Emerson’s smart SIS uses digital intelli- ligence and diagnostics from sensor to logic gence and automated proof testing, includ- solver to final control, and takes an integrat- ing partial valve stroking, to enable continu- ed complete-safety-loop approach, It also ous and on-demand diagnosing of safety offers automated safety loop testing and loop sensors, logic solvers and final control other features that increase system availabil- elements to ensure they perform on ity, while reducing life-cycle costs and easing demand,” continued Berra. “The resulting regulatory compliance. high reliability of safety systems reduces the The new smart SIS solutions are built from risk of plant trips, which keeps our cus- proven PlantWeb technologies - including tomers up and running. At the same time, Rosemount 3051S and 3144P intelligent field devices, predictive diagnos- the approach minimizes costly and risky SIS transmitters with safety tags. tics, and digital communications - that are practices of ongoing manual proof tests.” Photo courtesy Emerson Process Management already installed in thousands of mainstream Intelligent components of the PlantWeb process automation projects around the architecture that combine to deliver ease of world. For safety applications, smart SIS use of Emerson’s smart SIS solutions include solutions provide assurance of a SIL3 the following: approach that includes transmitters and • DeltaV SIS systems that communicate valve controllers certified to IEC 61508, and with SIS sensors and SIS final control ele- SIL3 ratified safety systems. ments. Emerson professional safety personnel and • SIS sensors such as the Rosemount 3051S services organizations help customers plan pressure and 3144P temperature transmit- and implement smart SIS solutions to com- ters, plus other flow and level measurement ply with the new IEC 61511 safety stan- devices and analyzers. dards. Expert services include assisting the • SIS final control elements with partial customer with process hazard analysis and stroke testing, including SIL-PAC™ emer- risk assessment, along with smart SIS design, gency shutdown valves. implementation, and commissioning. • DeltaV SIS software that includes an Facilitated by PlantWeb technologies, the exclusive palette of TÜV-certified smart smart SIS solutions are easily integrated with function blocks. mainstream basic process control systems to • AMS Device Manager software that docu- enable facility-wide overview, while main- ments and archives system configuration and taining separation of safety-critical elements all changes. as required by IEC standards. Safety data PROCESSWest | Fall 2004 | 35 Reprinted from the Fall 2004 Issue of PROCESSWest magazine. Copyright 2004 Swan Erickson Publishing Inc. Form D351159x012/5K AQ Fall 2004.
Load more

Recommended publications
  • PUBLIC DISCLOSURE DOCUMENT Proposed Development Plan OPTI
    PUBLIC DISCLOSURE DOCUMENT Proposed Development Plan OPTI Canada Inc. & Nexen Inc. Long Lake Phase 2 SAGD Project July 2005 1.0 INTRODUCTION OPTI Canada Inc. and Nexen Inc. (OPTI/Nexen) are proposing to expand our Steam Assisted Gravity Drainage (SAGD) bitumen production at our Long Lake Project. This document has been prepared to inform you about our preliminary plans related to the proposed Long Lake Phase 2 SAGD Project (Phase 2). We encourage and welcome your input on this plan and your participation in the regulatory process. OPTI Canada and Nexen Inc. are joint-venture partners developing the Long Lake Project in the Athabasca oil sands region of northern Alberta. The Long Lake Project (Phase 1) is located on Lease 27, approximately 40 kilometres southeast of Fort McMurray, Alberta. Throughout the life of the Long Lake Project, we are committed to: • Understanding & addressing stakeholder concerns • Enhancing local employment & business development • Investing in communities to build capacity & self-sufficiency • Developing the Project in a safe & environmentally responsible manner Under the Memorandum of Understanding (IL 96-7) between the Alberta Energy and Utilities Board (EUB) and Alberta Environment (AENV) with respect to Oil Sands Developments, OPTI/Nexen will be filing a joint application related to the Long Lake Phase 2 SAGD Project to amend the following approvals: • Environmental Protection and Enhancement Act Approval No. 137467-00-00 • Oil Sands Conservation Act Approval No. 9151 We view the consultation process for the OPTI/Nexen Phase 2 Project as building on an ongoing co-operative approach with stakeholders that addresses such regional issues as fresh water conservation and protection, and air quality management.
    [Show full text]
  • Foreign Investment in the Oil Sands and British Columbia Shale Gas
    Canadian Energy Research Institute Foreign Investment in the Oil Sands and British Columbia Shale Gas Jon Rozhon March 2012 Relevant • Independent • Objective Foreign Investment in the Oil Sands and British Columbia Shale Gas 1 Foreign Investment in the Oil Sands There has been a steady flow of foreign investment into the oil sands industry over the past decade in terms of merger and acquisition (M&A) activity. Out of a total CDN$61.5 billion in M&A’s, approximately half – or CDN$30.3 billion – involved foreign companies taking an ownership stake. These funds were invested in in situ projects, integrated projects, and land leases. As indicated in Figure 1, US and Chinese companies made the most concerted efforts to increase their profile in the oil sands, investing 2/3 of all foreign capital. The US and China both invested in a total of seven different projects. The French company, Total SA, has also spread its capital around several projects (four in total) while Royal Dutch Shell (UK), Statoil (Norway), and PTT (Thailand) each opted to take large positions in one project each. Table 1 provides a list of all foreign investments in the oil sands since 2004. Figure 1: Total Oil Sands Foreign Investment since 2003, Country of Origin Korea 1% Thailand Norway 6% UK 7% 2% US France 33% 18% China 33% Source: Canoils. Foreign Investment in the Oil Sands and British Columbia Shale Gas 2 Table 1: Oil Sands Foreign Investment Deals Year Country Acquirer Brief Description Total Acquisition Cost (000) 2012 China PetroChina 40% interest in MacKay River 680,000 project from AOSC 2011 China China National Offshore Acquisition of OPTI Canada 1,906,461 Oil Corporation 2010 France Total SA Alliance with Suncor.
    [Show full text]
  • Canada's Natural Gas and Oil Emissions
    CANADA’S NATURAL GAS AND OIL EMISSIONS: Ongoing Reductions, Demonstrable Improvement GREENHOUSE GAS EMISSIONS AND CANADA’S NATURAL GAS AND OIL INDUSTRY Canada’s Natural Gas and Oil Emissions: Ongoing Reductions, Demonstrable Improvement Contents Emissions: Ongoing Reductions, Demonstrable Improvement . E3 Industry Overview . E5 Technology Overview: The Path to Emissions Reduction . E7 Technology Performance to Date . E9 Near-Term / Potential Technologies . E22 Ongoing Collaboration and Research . E26 Emissions Intensity Performance Data . E29 Natural Gas, Natural Gas Liquids and Condensate . E30 Oil Sands In Situ . E31 Oil Sands Mining. E32 Offshore . E33 Comparable Emissions Performance and Data Quality . E34 E METHODOLOGY IN SITU OIL MINED OIL NATURAL GAS OFFSHORE TECHNOLOGY RESEARCH 2 Emissions: Ongoing Reductions, Demonstrable Improvement E METHODOLOGY IN SITU OIL MINED OIL NATURAL GAS OFFSHORE TECHNOLOGY RESEARCH 3 il and natural gas will continue to be an important part of the world’s energy mix for the foreseeable future . Supplying affordable, reliable and cleaner energy to a Supplying affordable, Ogrowing global population will continue to be the goal of Canada’s upstream energy industry . reliable and cleaner Climate change is a global challenge that requires global energy to a growing perspectives and solutions . Advancing greenhouse gas (GHG) emissions reduction is critical to realizing the vision for Canada global population will to be a global natural gas and oil supplier of choice . continue to be the goal Emissions reduction performance, including emission intensity, is increasingly the basis for policies such as low-carbon of Canada’s upstream fuel regulations, carbon pricing, specific reduction targets energy industry. and emission caps . It’s used to inform funding decisions by governments, funding agencies and investors .
    [Show full text]
  • OPTI CANADA INC (Form: 6-K, Filing Date: 11/04
    SECURITIES AND EXCHANGE COMMISSION FORM 6-K Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 Amendments Filing Date: 2009-11-04 | Period of Report: 2009-11-03 SEC Accession No. 0001279569-09-001357 (HTML Version on secdatabase.com) FILER OPTI CANADA INC Business Address 520 FIFTH AVENUE SW CIK:1177446| IRS No.: 000000000 SUITE 2250 Type: 6-K | Act: 34 | File No.: 333-148909 | Film No.: 091155636 CALGARY A0 00000 SIC: 1311 Crude petroleum & natural gas 4032499425 Copyright © 2012 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 Form 6-K Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 Under the Securities Exchange Act of 1934 For the month of: November, 2009 Commission File Number: 021-45147 OPTI CANADA INC. (Translation of registrant’s name into English) 2100, 555-4th Avenue S.W. Calgary, Alberta Canada T2P 4H2 (Address of principal executive office) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: Form 20-F o Form 40-F x Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): o Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): o Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934: Yes o No x If “Yes” is marked, indicate the file number assigned to the registrant in connection with Rule 12g3-2(b): Not applicable.
    [Show full text]
  • Enbridge's Energy Infrastructure Assets
    Enbridge’s Energy Infrastructure Assets Last Updated: Aug. 4, 2021 Energy Infrastructure Assets Table of Contents Crude Oil and Liquids Pipelines .................................................................................................... 3 Natural Gas Transmission Pipelines ........................................................................................... 64 Natural Gas Gathering Pipelines ................................................................................................ 86 Gas Processing Plants ................................................................................................................ 91 Natural Gas Distribution .............................................................................................................. 93 Crude Oil Tank Terminals ........................................................................................................... 96 Natural Gas Liquids Pipelines ................................................................................................... 110 NGL Fractionation ..................................................................................................................... 111 Natural Gas Storage ................................................................................................................. 112 NGL Storage ............................................................................................................................. 119 LNG Storage ............................................................................................................................
    [Show full text]
  • Geoscience Integration – Geology, Geophysics, and Petrophysics of SAGD Well Pair Planning – a Case Study from Long Lake, Northeastern Alberta
    Geoscience Integration – Geology, Geophysics, and Petrophysics of SAGD well pair planning – a Case Study from Long Lake, Northeastern Alberta Chris Seibel, Nexen Inc., Calgary, Alberta, Canada Long Lake is an integrated steam-assisted gravity drainage (SAGD) and upgrading operation owned and operated by Nexen Inc. and its joint venture partner, CNOOC (formerly Opti Canada Inc.). In 2008, Long Lake began to produce hydrocarbons, the start of a multi-decade project to recover a portion of the billions of barrels of bitumen trapped within the sands of the Aptian-age McMurray Formation. Over the life of the project, a continual feedstock of bitumen will be required to maintain production levels and maximize efficiency of the plant. As the initial SAGD well pairs mature and their bitumen productions rates decline, planning productive future well pairs will be essential. The Long Lake South West project area is the location of at least 30 future SAGD well pairs. The planning of these future SAGD well pairs will be used to illustrate the integration between geosciences. To successfully achieve the objective of planning productive future SAGD well pairs and replacing depleted well pairs requires an integrated approach between geology, geophysics, and petrophysics. The integration between these geosciences begins with the data acquisition from a vertical evaluation well, whereby a core is typically cut and petrophysical logs acquired. The core is described and analysed, and the petrophysical logs interpreted. The core description, core analysis and petrophysical analysis are integrated and calibrated to each other. Applied to this integrated data set is an interpretation of formation markers, stratigraphic frame work and depositional model.
    [Show full text]
  • Alberta Oil Sands Industry Quarterly Update
    ALBERTA OIL SANDS INDUSTRY QUARTERLY UPDATE WINTER 2013 Reporting on the period: Sep. 18, 2013 to Dec. 05, 2013 2 ALBERTA OIL SANDS INDUSTRY QUARTERLY UPDATE Canada has the third-largest oil methods. Alberta will continue to rely All about reserves in the world, after Saudi to a greater extent on in situ production Arabia and Venezuela. Of Canada’s in the future, as 80 per cent of the 173 billion barrels of oil reserves, province’s proven bitumen reserves are the oil sands 170 billion barrels are located in too deep underground to recover using Background of an Alberta, and about 168 billion barrels mining methods. are recoverable from bitumen. There are essentially two commercial important global resource This is a resource that has been methods of in situ (Latin for “in developed for decades but is now place,” essentially meaning wells are gaining increased global attention used rather than trucks and shovels). as conventional supplies—so-called In cyclic steam stimulation (CSS), “easy” oil—continue to be depleted. high-pressure steam is injected into The figure of 168 billion barrels TABLE OF CONTENTS directional wells drilled from pads of bitumen represents what is for a period of time, then the steam considered economically recoverable is left to soak in the reservoir for a All about the oil sands with today’s technology, but with period, melting the bitumen, and 02 new technologies, this reserve then the same wells are switched estimate could be significantly into production mode, bringing the increased. In fact, total oil sands Mapping the oil sands bitumen to the surface.
    [Show full text]
  • Groundwater Risks Imposed by in Situ Oil Sands Development DRILLING DOWN Groundwater Risks Imposed by in Situ Oil Sands Development
    DRILLING DOWN Groundwater Risks Imposed by In Situ Oil Sands Development DRILLING DOWN Groundwater Risks Imposed by In Situ Oil Sands Development July 2011 By Julia KO and William F. Donahue Water matters Society of alberta P.O. Box 8386 Canmore, Alberta T1W 2V2 Phone: 403.538.7785 www.water-matters.org We gratefully acknowledge Dr. Gilles Wendling of GW Solutions Inc. for his helpful insight and comments on early drafts of this report. The authors are solely responsible for any errors and opinions presented within the report. Edited by Jeff Gailus, www.jeffgailus.com Design by Michelle Wolstenholme for www.theforest.ca Download a PDF version of this report from our website at www.water-matters.org Table of Contents Executive Summary 4 Recommendations 5 1 Introduction 6 1.1 What is In Situ Oil Sands Development? 6 1.2 Why SAGD? 9 1.3 How Does It Work? 9 1.4 Use, Recycling and Disposal of Water in SAGD Operations 11 2 Policies Governing or Affecting In Situ Groundwater Use 12 2.1 Lower Athabasca Region Groundwater Management Framework 12 2.2 Water Conservation and Allocation Policy for Oilfield Injection 13 2.3 Determining Sustainable Groundwater Use Demands Detailed Knowledge 14 3 Accidents Happen: Risks Posed By In Situ Oil Sands Extraction 15 3.1 Case Study 1: Total’s Joslyn Creek Cap-rock Explosion 15 3.2 Case Study 2: Shell Canada Muskeg River Groundwater Perforation 16 3.3 Case Study 3: Application for Source Water Change for Opti-Nexen’s Long Lake SAGD Project 16 3.4 Classes of Risks to Groundwater Posed by In Situ Oil Sands Extraction
    [Show full text]
  • Decision 25113-D01-2020
    Decision 25113-D01-2020 CNOOC Petroleum North America ULC Corporate Name Change and Time Extension January 30, 2020 Alberta Utilities Commission Decision 25113-D01-2020 CNOOC Petroleum North America ULC Corporate Name Change and Time Extension Proceeding 25113 Applications 25113-A001 to 25113-A019 January 30, 2020 Published by the: Alberta Utilities Commission Eau Claire Tower 1400, 600 Third Avenue S.W. Calgary, Alberta T2P 0G5 Telephone: 310-4AUC (310-4282) in Alberta 1-833-511-4AUC (1-833-511-4282) outside Alberta Email: [email protected] Website: www.auc.ab.ca The Commission may, within 30 days of the date of this decision and without notice, correct typographical, spelling and calculation errors and other similar types of errors and post the corrected decision on its website. Alberta Utilities Commission Calgary, Alberta Decision 25113-D01-2020 CNOOC Petroleum North America ULC Proceeding 25113 Corporate Name Change and Time Extension Applications 25113-A001 to 25113-A019 1 Decision summary 1. In this decision, the Alberta Utilities Commission considers whether to approve applications from CNOOC Petroleum North America ULC to (i) transfer orders, approvals, permits and licences, and an industrial system designation (collectively, authorizations) from Nexen Energy ULC to CNOOC Petroleum North America ULC to reflect a corporate name change, and (ii) for a time extension to complete construction of the 85-megawatt power plant and associated electrical facilities at the Long Lake Project Industrial Complex from December 31, 2019, to September 30, 2025. After consideration of the record of the proceeding, and for the reasons outlined in this decision, the Commission has determined that approval of the applications is in the public interest.
    [Show full text]
  • Canadian Oil Sands (Now Suncor Energy) Built a Mine and Upgrader North of Fort Mcmurray
    OIL SANDS INDUSTRY UPDATE Prepared by Alberta Economic Development June 2006 TABLE OF CONTENTS Page WHAT’S NEW? ..........................................................................................................................................................1 1. INTRODUCTION ...............................................................................................................................................5 2. OIL SANDS INDUSTRY OVERVIEW.............................................................................................................6 2.1 BACKGROUND ................................................................................................................................................6 2.2 OIL SANDS INDUSTRY ACTIVITIES..................................................................................................................7 2.3 FUTURE OIL SANDS EXPENDITURES .............................................................................................................23 2.4 CO-OPERATIVE INITIATIVES .........................................................................................................................25 3. OIL SANDS REGIONS ....................................................................................................................................28 3.1 THE WOOD BUFFALO REGION ......................................................................................................................28 3.2 COLD LAKE REGION.....................................................................................................................................30
    [Show full text]
  • Canada's Energy Future Includes Minor Revisions and an Expanded Appendices
    National Energy Office national Board de l’énergie National Energy Office national Board de l’énergie Canada’s Energy Future RefeRence case and scenaRios to 2030 National Energy Office national Board de l’énergie An EnErgy MArkEt AssEssMEnt novEMbEr 2007 National Energy Office national Board de l’énergie Canada’s Energy Future* RefeenergyRence case and scenaRios tofutures 2030 An EnErgy MArkEt AssEssMEnt novEMbEr 2007 * This edition of Canada's Energy Future includes minor revisions and an expanded Appendices. The National Energy Board has issued an Errata for Canada's Energy Future, available on the National Energy Board web site at www.neb-one.gc.ca. Please refer to this Errata for details of significant revisions. The Board apologizes for any inconvenience caused by these changes. Permission to Reproduce Materials may be reproduced for personal, educational and/or non-profit activities, in part or in whole and by any means, without charge or further permission from the National Energy Board, provided that due diligence is exercised in ensuring the accuracy of the information reproduced; that the National Energy Board is identified as the source institution; and that the reproduction is not represented as an official version of the information reproduced, nor as having been made in affiliation with, or with the endorsement of the National Energy Board. For permission to reproduce the information in this publication for commercial redistribution, please e-mail: [email protected] Autorisation de reproduction Le contenu de cette publication
    [Show full text]
  • Oilsands Canada Corporation Oilsands Canada Corporation Was Launched in August 2007, Raising $50 Million
    OilSands 3/14/08 10:00 AM Page c1 OILSANDS 2007 Annual Canada Report Corporation IDDLEFIELD INCOME FUNDS OilSands 3/19/08 2:04 PM Page ifc1 Middlefield Income Funds Profile Middlefield Corporate Profile Since its inception in 1979, the Middlefield Group, with over $4.0 billion in assets under management, has established a strong reputation as a creator and manager of unique investment products designed to balance risk and return to meet the demanding requirements of investment advisors and their clients. These financial products include private and public resource funds, venture capital assets, mutual funds, real estate and closed-end, publicly traded income funds. Many of Middlefield’s investment products are designed and managed by our own professionals while some involve strategic partnerships with other “best-in-class” firms that bring unique value to our product offerings. Our investment team comprises ten professionals including portfolio managers, analysts and traders, five of whom hold the CFA designation. Guardian Capital LP, one of the pioneers in income trust investing, acts as Co-Advisor on several of our income funds while Groppe, Long & Littell, based in Houston and one of the world’s leading forecasters of oil and natural gas prices, acts as Special Advisor with respect to the strategic outlook for the energy sector. In addition, The Mitchell Group, Inc., which is based in Houston and has an excellent long-term track record in energy investing, acts as Sub-Advisor with respect to U.S. energy stocks. Looking ahead, Middlefield remains committed to the goal of developing new and unique investment products to assist investment advisors in providing added value for their clients.
    [Show full text]