Cleantech investment vehicles of U.S. oil majors Chevron Corporation and Occidental Petroleum Corporation have invested an undisclosed sum in Squamish, B.C.-based Carbon Engineering Ltd. to accelerate the commercialization of its direct air capture (DAC) technology that removes CO2 directly from the atmosphere.
January 9, 2019, 10:53 AM MST
If natural gas represents the future for fossil fuels in an increasingly carbon constrained world, Canadian producers want to lead the charge with a new standard for low-emissions gas production and export.
December 20, 2018, 11:21 AM MST
Methane emissions monitoring and mitigation technologies, often fused with digital solutions, dominated a Petroleum Technology Alliance Canada (PTAC) Innovation Showcase at the Petroleum Club in Calgary.
November 26, 2018, 4:14 AM MST
The benefits to be derived from adoption of digital technologies such as artificial intelligence — which have already disrupted many sectors of the economy — are no longer in doubt. Increased productivity and lower labour costs alone that AI could bring to the oil and gas industry is estimated at $200 billion, according to Matt Klukas, a consultant with Criterium Group. But that doesn’t mean the industry is ready to take it on, he said.
November 16, 2018, 3:11 AM MST
We live and work in a three dimensional world, but much of the planning work we do deals in only two dimensions, like computer screens and blueprints. And that can lead to big, and costly, problems for major project developments.
November 15, 2018, 4:16 AM MST
The shared ledger technology made famous, or infamous, by the bitcoin cryptocurrency once believed to be favoured by criminals and speculators is inching its way into the oil and gas industry. And for the company that marked the world’s first freehold royalty transaction using blockchain, the sky is the limit in the digital technology’s potential as it penetrates into all aspects of the industry.
November 14, 2018, 3:44 AM MST
When most people think of Alberta’s areas of expertise, they think of oil and gas. But developing under the radar for over a decade has been a level of artificial intelligence (AI) and machine learning expertise regarded to be in the top three, if not the preeminent cluster of researchers in the world. And those who master AI — which will impact on all industries — could be the masters of the digital economy of the future.
November 13, 2018, 6 AM MST
Fulfillment of the long awaited digital oilfield has been a goal of the oil and gas industry for more than a decade. As other sectors of the economy have transitioned to digital, remaking entire industries in the process, the oilpatch has lagged behind, despite the immense rewards that digitalization can bring. In this five-part Digital Disruption series, we present some of the challenges and opportunities presented by digitalization, and some of the success stories experienced by companies that have made the transition.
November 12, 2018, 6 AM MST
Despite flatlining drilling activity in Canada and modest activity levels in the U.S., Pason System Inc.’s largest activity area, the Calgary-based company reported strong revenue growth, significant operating leverage and reduced capital intensity in the third quarter.
November 8, 2018, 11:17 AM MST
As will become more generally acknowledged by next summer, Canadian oil export capacity likely will be adequate through 2030, bringing a return to lower differentials and a return of capital to Canadian oil, Calgary analysts heard last week.
November 5, 2018, 11:46 AM MST
When some executives at NAL Resources sought to push the digital agenda in an agile way, there was initial pushback, says Cory Bergh, vice-president, financial and information services: “What we were told was, forget about it; agile doesn’t work in our industry.”
October 18, 2018, 12 AM MDT
Amid Trump tax cuts and reduced regulations in the U.S., and robust activity in premium basins like the prolific Permian, Canada’s battered energy sector is looking for some relief. As U.S. output soars to all time record levels, driven by technology partly developed north of the border, Canada risks losing its edge, panelists told the Calgary Energy Roundtable.
October 15, 2018, 6 AM MDT
Faced with inherently high carbon emitting oil production in the oilsands, Alberta is already behind the eight ball in a carbon-constrained future, speakers told the Pembina Institute’s recent Alberta Climate Summit in Calgary.
October 5, 2018, 11:34 AM MDT
The recognition that there is a virtually endless and reliable supply of cheap natural gas has not entirely sunk in yet, but when it does, it will open the door to new value-add opportunities and rapid replacement of dirtier fossil fuels, contributing to climate goals, according to energy analyst Peter Tertzakian.
October 4, 2018, 11:30 AM MDT
Accessing new skills and capabilities is often the most strategic pathway to achieve increased performance and reduced costs in major project development, a University of Calgary professor told a Speaker Series event this week.
September 27, 2018, 7:46 AM MDT
As unconventional resources, opened up over the last decade by new drilling and fracturing technology, increasingly become conventional, it’s easy to forget the stupendous size of the prize that has been unleashed by the shale and tight oil and gas revolution.
September 27, 2018, 8:22 AM MDT
A high-bleed pneumatic device swap out program that could reduce over three million tonnes of CO2 equivalent emissions over the next five years has received the support of a Quebec-based fund that exclusively finances carbon emission reductions.
September 25, 2018, 4:02 AM MDT
Two new reports from European energy consultancies point to a peak in oil demand as early as the mid 2020s, the ascendency of natural gas as the preeminent fossil fuel in a carbon-constrained world, and major ramifications for producers and investors as the clean energy transition takes hold.
September 18, 2018, 12 AM MDT
Calgary-based geoLOGIC systems ltd. has teamed with California-based predictive analytics provider BetaZi LLC to offer pre-computed probabilistic production forecasts for every well in Western Canada in seconds.
September 10, 2018, 6:58 AM MDT
The increasingly expected go-ahead for the first major liquefied natural gas (LNG) project on the West Coast, which would represent the launch of one of the country’s largest megaprojects, will be a defining moment for the Canadian natural gas industry, according to Sproule.
July 25, 2018, 6 AM MDT
The long dry spell for western Canadian natural gas producers, who are sitting on some of the highest quality reserves in North America, may be coming to a close, some of the lowest cost junior producers say.
July 13, 2018, 10:16 AM MDT
Building a spirit of collaboration through the oil and gas supply chain can take years of concerted effort between producers and suppliers to build trust, solidify relationships and land on successful formulas that benefit both sides. And it can all be wiped out in a single bust cycle when those who forged the new relationships are sent packing.
July 11, 2018, 6 AM MDT
“Flat is the new up for Canada,” is how the president and CEO of the Petroleum Services Association of Canada (PSAC), chose to describe the level of oil and gas activity in Canada in the years ahead — prompting more and more companies to look abroad as they never have before.
June 27, 2018, 11:50 AM MDT
The divide between the world’s leading technology hub in Silicon Valley and the epicenter of the U.S. energy sector in Houston can sometimes seem like oil and water: they rarely mix.
June 25, 2018, 8:01 AM MDT
June 14, 2018, 11:39 AM MDT