The U.S. Department of Energy is ready to shell out up to a half million dollars to test monitoring technologies at a Royal Dutch Shell’s oil sands carbon-capture and storage facility. The facility is currently under construction. The government department will be field testing advanced monitoring, verification and accounting technologies for the storage of carbon dioxide […]
Tailings ponds impact greater than estimated
In case you missed this story at the end of 2014, it ties in with our interviews concerning another study on the region by scientist Roland Hall. ———– Last November, Environment Canada released a study it says confirms oils ands tailings ponds are releasing toxic and potentially cancer-causing chemicals into the air. Scientist Elisabeth Galarneau said […]
Comment: Monopoly – it’s not just a game
The website Wall St. Cheat Sheet recently posted this article – 3 Industries Run by Cartels. Normally when we hear the word cartel, many of us would think illegal drugs, but that is not included in the articles top 3. 1. The oil industry The oil industry has always been amenable to cartels and monopolies. […]
Award winning innovations
GE vice-chairman John Rice has announced the first winners of its GHG Ecomagination Challenge. The goal of the challenge is to come up with ways to reduce emissions in the SAGD process. Twenty-five entries were submitted. None of the six from Canada made the cut. The four winners came from India, Italy, Holland and the United […]
New tool expected to shed light on tracking crude oil in U.S. could impact Canada
U.S. Energy Information Administration (EIA) released a new Crude Oil Import Tracking Tool that allows policymakers, analysts, and the public to more easily track trends in crude oil imports. Users can sort and display crude oil imports by month or year, by crude type (i.e., light, medium, heavy), country source, port of entry, processing company, processing refinery, and […]
Fracking fortunes
U.K. Software pioneer Tumbling Dice Ltd has secured part of a £2m ($3.8-million CAN) fund to develop a way to transform the way shale oil and gas drilling is guided. Daisy technology was originally designed to identify insects. Now the recognition software is being looked at to analyze soil samples. A sample will be looked at for […]
Comment: Realize the opportunity and take advantage of it
With less than half a percent of revenues spent on R&D, the oil and gas industry has one of the lowest levels of R&D intensity of any sector. Nevertheless, with the shift in focus towards unlocking the vast reserves in unconventional formations — which we define broadly to include tight oil and gas, oil sands […]
If you want something new, you have to stop doing something old
Management consultant, educator, and author, Peter F. Drucker said, “If you want something new, you have to stop doing something old.” The oil and gas industry insists it is moving forward and always has been when it comes to innovation. But anyone familiar with the industry knows it has a well earned reputation for slow […]
What’s good down under, true for Canada’s petroleum industry too
The Australian mining industry must accept “the new normal” and accelerate its ability to implement innovative thinking in order to survive the higher volatility of the global market, says a report released by Deloitte. The report details the 10 key trends facing the global mining industry in 2015, highlighting the imperative for companies to break […]
Comment: Why oil prices are down
A historic change of roles is at the heart of the clamour and turmoil over the collapse of oil prices, which have plummeted by 50 per cent since September 2014. For decades, Saudi Arabia, backed by the Persian Gulf emirates, was described as the “swing producer.” With its immense production capacity, it could raise or […]
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