Encana Corporation’s relentless drive to hammer down costs and improve efficiency helped the company turn a third quarter profit of US$317 million despite a decrease in production.
November 3, 2016, 11 AM MDT
Two years into the oil price collapse, and closer to a decade into the natural gas slide, few prognosticators are forecasting a return to the lofty price highs of the mid 2000s for either commodity anytime soon. In the absence of higher prices, oil and gas companies have little choice but to lower costs to remain profitable. And one increasingly recognized ways to do that is to adopt digital oilfield technologies.
November 3, 2016, 10:39 AM MDT
Weatherford International plc and Chevron Thailand Exploration and Production, Ltd., a subsidiary of Chevron Corporation, announced the successful inaugural runs of the HeatWave Extreme (HEX) triple-combo logging-while-drilling (LWD) tool string.
November 3, 2016, 7:56 AM MDT
Foresight Cleantech Accelerator Centre, Canada’s Oil Sands Innovation Alliance (COSIA) and Alberta Innovates announced an ARCTIC Challenge for hot water production technologies.
November 3, 2016, 6 AM MDT
Saskatchewan has thousands of cold heavy oil wells that are nearing the end of their productive lives. Those wells will eventually be abandoned, but current cold heavy oil technology leaves roughly 90 per cent of the resource in the reservoir after production has ended.
November 1, 2016, 9:59 AM MDT
Four previously existing Alberta Innovates corporations were consolidated through the proclamation of the Alberta Research and Innovation Amendment Act.
November 1, 2016, 9:12 AM MDT
International emissions and noise control leader Innova Global Limited has won multiple contracts from oil and gas sector customers to install 12 carbon monoxide reduction (COR) systems to compressor stations in Pennsylvania to meet the state’s new source performance standards (NSPS) amid the potential for more stringent emissions controls.
November 1, 2016, 6 AM MDT
Quorum announced the release of its new land management software for the Canadian market.
October 31, 2016, 11:37 AM MDT
The Alberta government is targeting an additional $33 million from the industry-supported Emissions Reduction Alberta (ERA) to aggressively reduce methane emissions as outlined under its Climate Leadership Plan.
October 24, 2016, 8:19 AM MDT
The Canadian Gas Association (CGA) announced the intention to create the Natural Gas Innovation Fund (NGIF) to support research, demonstration and deployment of innovation in the natural gas value chain.
October 20, 2016, 6 AM MDT
If you’re going to fail, fail forward.
October 19, 2016, 7:52 AM MDT
June 21, 2016 was the day Canada’s Oil Sands Innovation Alliance (COSIA) took a ride on an Indian space rocket to ‘boldly go’ into earth’s orbit.
October 19, 2016, 10:19 AM MDT
The U.S. Department of Energy (DOE) and Canada’s Natural Resources Canada announced the opening of a new one megawatt thermal (MWth) facility to test an advanced process to capture carbon dioxide (CO2) emissions from coal-fired power plants.
October 19, 2016, 6 AM MDT
Member companies of Canada’s Oil Sands Innovation Alliance (COSIA) have shared 936 distinct environmental technologies costing $1.33 billion, since coming together in 2012.
October 18, 2016, 7:08 AM MDT
Lifeview Petroleum Inc. announced the approval of its enhanced oil recovery (EOR) pilot project scheme submission to the Government of Saskatchewan, Department of Economy (Energy) on Oct. 14, 2016.
October 18, 2016, 10:27 AM MDT
A simple vibration test can help oil and gas companies prevent pipeline spills in a way that is faster and cheaper than conventional methods, a UBC study shows.
October 18, 2016, 9:39 AM MDT
XPRIZE, the world’s leader in designing and managing incentive competitions to solve humanity’s grand challenges, today announced the 27 teams representing six countries advancing in the $20 million NRG COSIA Carbon XPRIZE, a global competition to develop breakthrough technologies that convert the most carbon dioxide emissions from natural gas and power plant facilities into products with the highest net value.
October 17, 2016, 11:48 AM MDT
October 17, 2016, 8:46 AM MDT
Of the 10 types of innovation as described in a recent Monitor Deloitte survey, the oil and gas sector generally is only thinking in terms of a couple, which is not delivering the results that industry needs during its “critical juncture,” says consulting partner Geoffrey Cann.
October 13, 2016, 9:15 AM MDT
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
Federal regulations aimed at reducing air pollution will cost the oil and gas industry heavily to comply in the coming years, a recent forum on air emissions heard.
October 12, 2016, 6 AM MDT
A study on odour emissions in the production of heavy oil found that their major sources are, from highest to lowest: battery facilities (including storage tanks), wellheads, produced water systems, transportation, loading/offloading, piping components, boilers, flares, heaters, turbine generators and waste stockpiles.
October 7, 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
Ambyint announced today the launch of its new, pre-emptive, leak-detection device ambySense:SLD.
October 4, 2016, 8:40 AM MDT
Production Plus Energy Services Inc. is in growth mode, coming off a very successful year of launching its patent-pending HEAL System to North American producers.
September 29, 2016, 6 AM MDT