Alberta could become an international hub for development of new technology designed to produce profitable uses for carbon dioxide, the primary greenhouse gas blamed for creating climate change, say industry and government officials who announced financing for a new CO2 test facility in southeast Calgary.
March 6, 2017, 9:50 AM MST
Fear of failure, lack of sharing of ideas and an inability to tap into the tech start-up community and transform R&D into commercial products are hampering innovation and productivity improvement in the oil and gas sector, say industry insiders.
January 25, 2017, 6 AM MST
As straightforward as SAGD bitumen production may sound—pumping steam through one horizontal wellbore to heat bitumen and pumping it up a second horizontal wellbore to produce it—the relatively new production method is a highly complex affair, with a wide assortment of variables to consider that are unique to the oil and gas industry.
November 22, 2016, 10:20 AM MST
Oil and gas pipeline ruptures are not only potentially costly events, but also occurrences that erode public confidence in pipeline safety, and therefore social licence to build and operate them. The breakdown of multimillion-dollar pieces of equipment used in the oil and gas industry can be similarly dangerous, and costly.
November 15, 2016, 10:08 AM MST
As oil and gas companies consider adoption of potentially cost-cutting new digital oilfield technologies to weather the prolonged low oil price environment, predictive maintenance and production asset optimization technologies ought to be at the top of their list, according to a new report.
November 8, 2016, 7:24 AM MST
The ultimate success of a pilot project can depend as much on establishing common interests between the technology provider and producer as it does on the technology tested, say those familiar with operating them in the capital intensive oilsands sector, where pilots can add up to hundreds of millions of dollars.
October 13, 2016, 6 AM MDT
In order to carry out exploration, drilling and fracturing, ongoing production and transportation of oil and gas over widespread geographic areas, oil and gas companies and their suppliers manage huge fleets of vehicles on a day-to-day basis. It is a costly and oftentimes inefficient process, one in which substantial cost savings can be extracted with the right technology.
October 6, 2016, 10:44 AM MDT
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.
September 13, 2016, 6 AM MDT
The establishment of a climate change policy by Alberta’s NDP government in its first year in office serves as a case study in avoiding conflict and successful implementation, and could help position the province to open up new markets for its oil in Asia, according to Harold “Skip” York, vice-president of integrated energy for consultancy Wood Mackenzie’s Americas research team.
May 11, 2016, 10:59 AM MDT
Despite a challenging economic climate for the Canadian oil and gas industry, PTAC set a new record for the number of projects launched in 2015 aiming to reduce both costs and the environmental footprint of the industry.
May 6, 2016, 11:14 AM MDT
Alison Thompson didn’t take to geothermal resources promotion from an environmentalist perspective.
April 13, 2016, 9:44 AM MDT
Oil and gas industry methane emissions from sources such as associated gas and gas wells, pneumatic devices and leaks, which together add up to a potent contributor to climate change, have come under the spotlight as nations ramp up efforts to reduce greenhouse gas emissions.
April 11, 2016, 7:33 AM MDT
In good times and bad, bringing innovation to the oilpatch can be a challenge.
March 31, 2016, 11:07 AM MDT
As SAGD bitumen producing projects start reaching what was expected to be the end of their productive life, they have taken an unexpected turn — as one industry expert put it, they are refusing to die.
March 14, 2016, 6 AM MDT
With some 40 per cent of all cyber-attacks targeting energy infrastructure, there is increasing evidence oil and gas companies are taking the threat as seriously as they do health and safety.
January 19, 2016, 11:07 AM MST
The cost cutting necessitated by the collapse in the price of oil over the past 18 months is driving interest in digital oilfield technology adoption, and encouraging new ways to cost effectively adopt such technologies, the Canadian Energy Technology Forum heard.
October 29, 2015, 7:15 AM MDT
A research study conducted by JuneWarren-Nickle’s Energy Group and commissioned by GE Canada and Accenture released today at the Canadian Energy Technology Forum (CETF) in Calgary presents a favorable assessment of the implementation of digital oilfield technologies even in budget-constrained times.
October 27, 2015, 11:01 AM MDT
In the first quarter, Cenovus Energy Inc. cut oilsands operating expenses $5 per bbl, or 31 per cent compared with the same period in 2014. While lower natural gas and supplier costs helped, it also credited production asset optimization for the significant decrease.
October 16, 2015, 11:34 AM MDT
In recent months, retailers have had the personal data of tens of millions of customers stolen.
October 15, 2015, 7:56 AM MDT
When problems arise on drilling rigs in remote locations, even minor ones, the solution can be extremely costly. Getting an expert to a rig to assess a problem, if that rig is in Northern Alberta or offshore in the Gulf of Mexico, for instance, can result in costly travel expenses and downtime for the rig.
October 9, 2015, 7:32 AM MDT
At a time when the plunging price of oil, combined with the long-term weakness in the price of natural gas, has shifted the focus of energy companies from maximizing production to cutting costs, the efficiency gains that can be attained through adoption of digital oilfield technologies might seem to be a no-brainer.
October 7, 2015, 7:48 AM MDT
When oil and gas executives and technology experts ask what is holding back the digital oilfield, there is one technology they need not deliberate over any further: fleet management.
September 30, 2015, 8:07 AM MDT