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
Alberta needs to add about one million bbls/d of refining capacity to avoid long-term steep differentials its bitumen and heavy oil producers will face, as the world shifts from higher-sulphur fuels, says the chief executive of the company building the province’s newest refinery in decades.
November 16, 2018, 6 AM MST
The outlook for an increasing availability of natural gas liquids (NGLs) in Canada offers opportunities to expand domestic industries and to diversify and reach new markets, says a new study by the Canadian Energy Research Institute (CERI).
November 16, 2018, 6 AM MST
In the evolution of Obsidian Energy Ltd., the future is all about “not big but quick” as the company focuses on its fast cash cycle Cardium light oil assets at Willesden Green, its chief executive said Thursday.
November 16, 2018, 6:23 AM MST
In Manitoba, seven lease parcels, covering 638.64 hectares were sold this week for a bonus amount totaling $41,145.49.
November 16, 2018, 6:52 AM MST
November 16, 2018, 11:41 AM MST
In an industry well-known for mega projects, the reality is that there are a host of other client projects that are executed by EPC companies on a regular basis.
November 16, 2018, 6 AM MST
Register now for the IBM Oil & Gas Innovation Forum on November 28, from 2-6pm, at The Westin in Calgary. Learn how industry leaders are achieving 10X returns on their projects by implementing data-driven business models to drive operational intelligence.
November 16, 2018, 6 AM MST
November 16, 2018, 3:22 AM MST
The implied value of Western Canadian Select (WCS) closed below $14 on Thursday.
November 16, 2018, 3:29 AM MST
November 16, 2018, 3:37 AM MST
The U.S. rig count is up one rig from last week to 1,082, with oil rigs up two to 888 and gas rigs down one to 194.
November 16, 2018, 11:09 AM MST
Questerre Energy Corporation has completed a major expansion of its core acreage in the Kakwa area.
November 16, 2018, 3:19 AM MST
November 16, 2018, 3:33 AM MST
November 16, 2018, 7:18 AM MST
A total of 175 (6.3 net) wells were drilled on Freehold Royalties Ltd.’s lands in the third quarter of 2018.
November 16, 2018, 6 AM MST
November 16, 2018, 7:08 AM MST
Validere announced a strategic partnership with Razor Energy Corp.
November 16, 2018, 8:07 AM MST
Drilling activity was slow for Strategic Oil & Gas Limited in the third quarter of 2018.
November 16, 2018, 10:52 AM MST
November 16, 2018, 10:06 AM MST
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