One of the most prolific plays in Western Canada, with almost six decades of oil and gas output under its belt, with production peaking in the 1970s, the Cardium formation has been reawakened with the technologies that have made the shale and tight gas and oil revolution in the U.S.
April 30, 2019, 6 AM MDT
Some of the greatest innovation gets done in an industry downturn. Activity slows, companies have time to be more methodical and creative, and though funding for research and technology adoption may be difficult to come by, companies are driven by necessity to find ways to trim costs and create new revenue streams throughout the production process.
April 26, 2019, 8:39 AM MDT
Canada’s innovation ecosystem is about more than just solving challenges facing oil and gas producers. New technologies to improve downstream industries like power generation, transmission and storage are also being created and tested as the global energy market electrifies. The technologies selected as finalists in this category could influence the power sector well beyond Canada’s borders.
April 25, 2019, 6 AM MDT
The shale gas and tight oil revolution was a technological one, built on advances in horizontal drilling and multistage fracturing that unleashed production from source rock once thought to be inaccessible. But despite its earth-shattering impact, both literally and figuratively, it remains a relatively young revolution, with much still to learn and to be gained by producers as the technology improves.
April 24, 2019, 7:39 AM MDT
The digital oilfield has long held the promise of introducing disruptive new cost cutting efficiencies, greater levels of production and entirely new business models with the potential to transform the energy industry in the same way digitalization has transformed many other sectors of the economy.
April 23, 2019, 7:36 AM MDT
Cleantech has a bright future in the oilpatch. Easily the largest collection of candidates for the inaugural Energy Excellence Awards came in the cleantech category — with advanced technologies covering a wide swath of industry challenges, from water treatment and energy efficiency to tackling greenhouse gas emissions monitoring and reduction.
April 22, 2019, 6 AM MDT
Had former Conservative prime minister Stephen Harper’s Turning the Corner policy been implemented as proposed in 2007, Canadians would have faced a $25 per tonne carbon tax in 2010, rising to what was estimated at the time to reach $65 in 2020 — more than twice the $30 level mandated by the current federal government for next year.
April 2, 2019, 6 AM MDT
Should the Alberta carbon tax be scrapped by a future government, as promised by the official opposition in the current election campaign, the imposition of the federal carbon tax that would replace it is unlikely to have much impact on the oil and gas industry, says a University of Calgary economist.
April 2, 2019, 6 AM MDT
As it marks its 20th year of operation, Peyto Exploration & Development Corp. is in a sense returning to its roots in the Cardium resource play as it positions the company for future growth as new export opportunities come into play.
March 8, 2019, 11:51 AM MST
Hedging helped to shield Peyto Exploration & Development Corp. from volatile commodity prices in 2018, which included reduced prices for condensate on the liquids side.
March 8, 2019, 11:50 AM MST
The key to Alberta’s economic recovery lies beyond fixation with the typical measure of economic success, the gross domestic product — it requires a revamp to deal with 21st century challenges, according to Todd Hirsch, vice-president and chief economist for ATB Financial.
March 5, 2019, 6 AM MST
Calgary-based E3 Metals Corp. reports it has demonstrated a “milestone” in development of its proprietary ion-exchange lithium extraction technology, with increased concentration in recent tests resulting in lithium grades of up to 5367 milligrams per litre.
March 4, 2019, 10:44 AM MST
Alberta’s decision to temporarily curtail close to 10 per cent of oil output to stem a growing market access conundrum that led to a collapse in prices last fall has not only caused Imperial Oil Limited to reassess its production growth, but skews the market in unintended ways and could lead to longer term damage to the country's reputation, according to Rich Kruger, president and CEO.
February 8, 2019, 11:56 AM MST
Next generation drilling concepts, methane monitoring technologies and the use of artificial intelligence and drones in the field are among the innovations the Canadian Gas Association (CGA) is calling on to make the production of natural gas greener.
February 6, 2019, 12 AM MST
Slashing methane emissions from oil and gas operations represents both challenge and opportunity. Today, the DOB features Part 5 in a five-part series, written by our technology editor Maurice Smith, that examines how to turn emissions reductions into profits. Part 1 is available here. Part 2 is available here. Part 3 is available here. And Part 4 is available here.
February 1, 2019, 11:08 AM MST
Slashing methane emissions from oil and gas operations represents both challenge and opportunity. Today, the DOB features Part 4 in a five-part series, written by our technology editor Maurice Smith, that examines the multipronged efforts underway to uncover the quickest and most cost-effective solutions to get there. Part 1 is available here. Part 2 is available here. Part 3 is available here.
January 31, 2019, 10:58 AM MST
Slashing methane emissions from oil and gas operations represents both challenge and opportunity. Today, the DOB features Part 3 in a five-part series, written by our technology editor Maurice Smith, that examines the multipronged efforts underway to uncover the quickest and most cost-effective solutions to get there. Part 1 is available here. Part 2 is available here.
January 30, 2019, 11:01 AM MST
Slashing methane emissions from oil and gas operations represents both challenge and opportunity. Today, the DOB features Part 2 in a five-part series, written by our technology editor Maurice Smith, that examines the multipronged efforts underway to uncover the quickest and most cost-effective solutions to get there. Part 1 is available here.
January 29, 2019, 11:07 AM MST
Slashing methane emissions from oil and gas operations represents both challenge and opportunity. Today, the DOB starts a five-part series, written by our technology editor Maurice Smith, that examines the multipronged efforts underway to uncover the quickest and most cost-effective solutions to get there.
January 28, 2019, 10:01 AM MST
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
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