Right now it is estimated that only about 40% of an oil reservoir can be extracted through conventional oil recovery techniques using pumps and water/gas injection methods. There is another recovery system that may be able to change that. It’s called Enhanced Oil Recovery technology (EOR). It is designed to extract the remaining oil from […]
There’s not a smaller computer in the world!
At one time you needed a large room to house a computer – now there’s more than enough room on a coin. The Michigan Micro Mote is the smallest autonomous computer in the world at just one millimeter cubed. It’s the culmination of about ten years work for the University of Michigan’s computer science department. […]
Using shock waves to eliminate water in fracking
The oil industry is struggling to come up with new technology these days in an attempt to cut costs considering the low price of oil. Here is one technique that may gain favour with the industry according to Oilprice.com Shockwaves may be used to assist with fracking. Shockwaves can be used to initiate fractures in […]
Edmonton company recognized for excellence in performance
Katch Kan has joined a select group of companies recognized for their contributions to the petroleum industry. The 2015 Gulf Coast Oil & Gas Awards have been handed out in Houston, Texas. The winner in the Excellence in Health and Safety Award is Katch Kan. Judges comments include: “Katch Kan has attempted to develop creative and cost […]
Carbon monitoring tests to be done in oil sands
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 […]
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 […]