The current downturn in oil prices has underscored the need to improve oilsands technologies. Various efforts are underway, but haven’t always made major headlines. This week the Daily Oil Bulletin looks at some unreported or under-reported efforts and discussions aimed at improving oilsands and heavy oil economics through technological improvement.
When GE launched an open innovation challenge to create a new mounting bracket for aircraft engines using additive manufacturing (3D printing) with a goal of a 30 per cent weight reduction, it could hardly have guessed where the winning solution would come from.
Official data published by Statistics Canada largely confirm the International Energy Agency’s (IEA) earlier estimates of Canadian oil production at around 3.5 million bbls per day during May — more than one million bbls per day below the 2016 first quarter average.
The top five licensees of new wells over the first eight months of 2016, includingexperimental and oilsands evaluation holes, were Crescent Point Energy Corp.,Raging River Exploration Inc., Cenovus Energy Inc., Teine Energy Ltd. and Royal Dutch Shell plc.
The group that promotes industrial development in the Edmonton-Fort Saskatchewan area has seen a change of leadership, as Neil Shelly, executive director for nearly a decade, makes way for interim director Gordon Harris.
Sayer Energy Advisors has been engaged to assist Front Range Resources Ltd. (“Front Range” or the “Company”) with the sale of certain properties located in the Bigstone and Wilson Creek areas of Alberta.
Mexico’s efforts to attract foreign investors into its oil and gas production sector, as the monopoly of state-owned Petroleos Mexicanos (Pemex) ends, will be entering a crucial stage in the next few months, as blocks in the deep Gulf of Mexico are auctioned off and Pemex forms a partnership to develop the highly prospective Trion field.
The Federal Court of Appeal has dismissed an appeal by the Tsleil-Waututh Nation of three National Energy Board (NEB) decisions prior to the start of public hearings on the proposed Trans Mountain pipeline.
Two Canadian workforce leaders have joined forces to mitigate the financial risks surrounding the issue of “dependent contractors” in Canada while hoping to help 15 per cent of the Canadian workforce to survive as a contractor.
JWN is a division of an information communications company.
Reuters content is the intellectual property of Reuters Limited. Any copying, republication or redistribution of Reuters content, including by caching, framing or similar means is expressly prohibited without the prior consent of Reuters. Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon. Reuters, the Reuters Logo, and the Sphere Logo are registered trademarks of the Reuters group of companies around the world. For additional information on other Reuters Services please visit the Reuters public web site - http://www.reuters.com.