On January 22, Fox Creek, Alberta was struck by a 4.4-magnitude earthquake. While the earthquake caused neither significant property damage nor injury, it did shake residents up. More importantly, it brought up the ongoing debate regarding the cause of the seismic activity. The science is still out on the definitive cause of the quake, but preliminary […]
A new way to look at the oil sands
According to the Canadian Association of Petroleum Producers, the EU’s new fuel quality directive (FQD) will treat Canada’s oil sands on a level playing field with other sources of oil around the world, creating new export opportunities for energy and allowing Canada to compete more freely in the global market. Tim McMillan, CAPP President and […]
‘Lower oil prices make it difficult to achieve climate-change goals’
The Saudis have stated their goal in maintaining current oil output and export volumes is to protect market share against foreign rivals. The Saudi’s rivals are not limited to other oil producers though, they are also striving to undermine clean energy technologies and climate change policies. “Lower oil prices are going to make it more difficult to […]
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 […]
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 […]
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 […]
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