Energy
173 day long disaster in India ended by Piston Well Services of Red Deer

Burning since June 9, a well blowout at Baghjan, India had foiled all who were tasked with somehow stopping the flames. Oil India Limited (OIL) tried regional companies and then it reached out internationally. Now one was able to fix this well blowout until they called in Piston Well Services Inc. The Red Deer based company was able to kill the well within days.
From the LinkedIn account of Piston Well Services Inc.
Alert Disaster Control (ALERT), with their well intervention service partner, Piston Well Services, have completed the critical well killing operation in Assam, India.
Piston Well Services mobilized a 142K Snubbing/Hydraulic Workover Unit and specialists to India to assist ALERT in the final phase of the well kill operation. Oil India Limited. officially designated the well as ‘killed’ on November 15 at 1400 hrs local time.
ALERT and Piston Well Services thank everyone that contributed and persevered through the unprecedented logistical challenges to support the operations. Oil India Limited’s commitment to the successful conclusion of the operations, will continue to support the local community and ensure the ongoing protection of the sensitive adjoining wetland areas.
#canadianenergy #albertaenergy #teampiston
News Video from RepublicWorld.com
The good news comes in the evening
OIL tweeted at 5.35 pm on Sunday: “Baghjan blowout well successfully killed: The well has been killed with brine solution & under control now. Fire has been doused completely. There is no pressure in the well now & the same will be observed for 24 hours to check if there is any amount of gas migration & pressure build up.”
The way ahead
What is snubbing unit and the process?
Baghjan gas well No 5 — India’s longest well on fire
Alberta
Canadian firm Just Energy warns of huge losses due to extreme Texas winter weather

CALGARY — Shares in Canadian energy retailer Just Energy Group Inc. are falling after it warned it may not be able to continue operating due to hundreds of millions of dollars in losses because of extreme winter weather in Texas over the past week.
In a news release, the company says it is facing a loss of US$250 million (about C$315 million) due to high electricity prices during the unusually cold weather from Feb. 13 to 19.
It says its price of power in Texas was artificially set at US$9,000 per megawatt-hour for much of the week, resulting in a “substantial negative financial impact” unless there is corrective action by the government.
Just Energy shares were halted on Monday morning in Toronto. They quickly lost almost a third of their value after trading was opened again, falling as much as $2.42 to $4.86.
The company says it has delayed financial reports expected last week for the periods ending Dec. 31 until late this week, so it can better review and understand the impact of the Texas event.
Just Energy markets natural gas and electricity at a retail level under several brand names in jurisdictions in Canada and the United States, including Texas, Ontario and B.C.
“The financial impact of the weather event on the company, once known, could be materially adverse to the company’s liquidity and its ability to continue as a going concern,” Just Energy warned.
This report by The Canadian Press was first published Feb. 22, 2021.
Companies in this story: (TSX:JE)
The Canadian Press
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