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 […]
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 […]
From Russia with love-the answer to fracking concerns?
Something new from Russia may make fracking superfluous. Unlike hydraulic fracturing, Plasma Pulse Technology doesn’t use chemicals, water or pressurization. PPT uses vibrations, or electrically generated plasma impulses to reduce viscosity, increase permeability and improve flow of oil and gas to the surface for extraction. There is a small tubular device on the end of […]
Obama poised and ready to veto Keystone XL pipeline
After years of refusing to make a definite decision and delaying the process regarding the approval or denial of the Keystone XL pipeline, U.S. President Barrack Obama appears ready to put his foot down. The White House has threatened to veto the first piece of legislation introduced in the Republican-controlled Senate. That is a bill […]
Is fracking responsible for earthquakes in Ohio
Until three years ago earthquakes were not only not felt in Poland Township, Ohio they just didn’t occur. Then says Miami University seismologist Robert Skourmal, three years ago oil and gas companies started hydraulic fracturing in the region. Since 2012 there have been 77 quakes. They were small and not felt by residents adds Skourmal. […]
Single hull oil tankers banned from U.S. waters – UPDATE
It’s only been a quarter of a century since the United States passed it’s Oil Pollution Act. A year after the 1989 Exxon Valdez environmental disaster off the coast of Alaska, American politicians wrote a law requiring all new tankers need to have double hulls to prevent similar catastrophes. But single hull tankers were still […]
Single hull oil tankers banned from U.S. waters
It’s only been a quarter of a century since the United States passed it’s Oil Pollution Act. A year after the 1989 Exxon Valdez environmental disaster off the coast of Alaska, American politicians wrote a law requiring all new tankers need to have double hulls to prevent similar catastrophes. But single hull tankers were still […]
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