Marine oil spills can be extremely difficult to deal with. In the sea of Cardiff, Wales engineers from a European research project are testing a new prototype that cleans oil spills quickly, efficiently and more cheaply than existing methods. “What we’ve developed is a net which can float on the surface of the water, without […]
2015 a “Perfect Storm” for oil industry
Consider the challenges facing the oil industry this year – rock bottom prices, drought (water shortages), greenhouse gas legislation, new rules regarding First Nations and the stalling of major pipelines – Keystone XL, Northern Gateway to name just two. This was the comment Bryan Helfenbaum started of the session he was moderating at the World […]
How is innovation pipeline changing the way the oil industry operates?
Whether you call it oil money, or the more recent term petro-dollars, the hydrocarbon sector has long been a by-word for wealth. Countries with oil revenues are rich, and oil and gas companies have resources aplenty. It’s easy to assume, they can find the funds to do pretty much whatever they like. In the dream […]
Pitch for drones in the oil and gas industry
Unmanned Aircraft Systems (UAS), more commonly known to the general public as drones, is seen as a major step forward in aerospace. The Association of Unmanned Vehicle Systems International (AUVSI) is suggesting the use of UAS could grow into a $140 billion dollar global market. In the oil and gas industry, the technology can be […]