Grants and Contributions
About this information
In June 2016, as part of the Open Government Action Plan, the Treasury Board of Canada Secretariat (TBS) committed to increasing the transparency and usefulness of grants and contribution data and subsequently launched the Guidelines on the Reporting of Grants and Contributions Awards, effective April 1, 2018.
The rules and principles governing government grants and contributions are outlined in the Treasury Board Policy on Transfer Payments. Transfer payments are transfers of money, goods, services or assets made from an appropriation to individuals, organizations or other levels of government, without the federal government directly receiving goods or services in return, but which may require the recipient to provide a report or other information subsequent to receiving payment. These expenditures are reported in the Public Accounts of Canada. The major types of transfer payments are grants, contributions and \'other transfer payments\'.
Included in this category, but not to be reported under proactive disclosure of awards, are (1) transfers to other levels of government such as Equalization payments as well as Canada Health and Social Transfer payments. (2) Grants and contributions reallocated or otherwise redistributed by the recipient to third parties; and (3) information that would normally be withheld under the Access to Information Act and the Privacy Act.
$75,000.00
Jun 16, 2022
For-profit organization
Continued development of Sucker rods - addressing issues observed during the last project
991977
Oilify is advancing artificial lift for shale and deep reservoir oil wells. Rod pumps are considered the most efficient method to lift a barrel of oil. This project is focused on the rod pumping industry to improve sucker rod technology with thermoplastic composite material. Our technology will reduce environmental impacts and improve reliability and durability over the incumbent steel and fibreglass rods. Advancing rod durability, power requirements and capital expenditures of the operating system will bring significant value to Exploration and Production companies. Our proposed project will design and bench test components and a complete rod assembly to enable testing in subsurface wells during our next development phase.
$100,000.00
Sep 1, 2021
For-profit organization
Thermoplastic Sucker Rod Bench Testing
978130
Oilify New-Tech Solutions Inc. is developing and an innovative breakthrough solution to advance artificial lift for shale and deep reservoir oil wells.