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