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A new paradigm for spill response

August 4, 2017 A marine oil spill is like a heart attack. Let me explain. The likelihood of a person surviving a heart attack depends on how quickly they receive emergency medical attention. For every minute without treatment, the chances of survival decrease by 10%. Conversely, the immediate application of cardiopulmonary resuscitation (CPR) and defibrillation more than doubles the survival …

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Putting Eyes In The Wellbore

June 19, 2017 Imagine a surgeon conducting open-heart surgery with the lights out or someone driving a car blindfolded. Oil and gas producers have been operating that way for over a century, operating wellbores thousands of metres long with essentially no way of knowing the condition of the downhole infrastructure. A Vancouver-based management team with one multimillion-dollar successful start-up to …

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Innovators toil to revive Canada oil sands as majors exit

June 19, 2017 In the boreal forests and on the remote prairies of Alberta, a handful of firms are running pilot projects they hope will end a two-decade drought in innovation and stem the exodus of top global energy firms from Canada’s oil sands. They are searching for a breakthrough that will cut the cost of pumping the tar-like oil …

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The Dark Side of the Oil Tech Boom

June 5, 2017 As artificial intelligence becomes ever more attainable and tech start-ups continue to divide and multiply, traditional oilfield research and development is going the way of the buffalo. Drilling is still an inexact and complex process, with high costs of labor and environmental damages. In the wake of the past years’ oil slump, energy industries are looking for …

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Mosaic Materials: Capitalizing on carbon capture

May 18, 2017 Chemist Zoey Herm fills a balloon with carbon dioxide using a bike-tyre cartridge, then fits it over the lip of a bottle of chalky white pellets. While she chats with fellow chemist Thomas McDonald, co-founder and chief executive of start-up Mosaic Materials, the bottle becomes warm to the touch, releasing heat as the porous materials inside absorb …

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The Digital Transformation of Oil and Gas

April 28, 2017 In February I was asked to kick-off the Big Data, IoT & Machine Learning in O&G Conference. I expect the organizers felt someone from Silicon Valley would know about these topics that are often lumped together, more for convenience than accuracy, under the label of artificial intelligence (AI). Certainly, Silicon Valley has been driving a great deal …

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Opus 12 joins Autodesk Entrepreneur Impact Program

April 4, 2017 Opus 12, led by Cyclotron Road alumnae Etosha Cave and Kendra Kuhl, recently joined the Autodesk Entrepreneur Impact Program. As part of the program, they receive $150,000 worth of software from Autodesk, as well as access to Autodesk’s worldwide network of Impact Entrepreneurs and training, events, and co-marketing opportunities. Congratulations to the Opus 12 team!

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Cenovus Energy buying most of ConocoPhillips’ Canadian assets for $17.7B

March 29, 2017 Cenovus Energy announced Wednesday it plans to swallow most of the Canadian assets belonging to ConocoPhillips in a C$17.7 billion blockbuster acquisition that builds upon a recent trend of Canadian consolidation in the oilsands. The deal makes the Houston-based ConocoPhillips the latest international player to reduce its exposure to Alberta’s oilpatch. “In a low oil price environment, …

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We Need to Get Smarter, Cheaper, Faster

March 14, 2017 After recently speaking at the Future of Oil & Gas 2017 Conference in Calgary, our CEO, Marty Reed was invited by TheFutureEconomy.ca to answer a few additional questions: TFE.ca You spoke at our conference, The Future of Oil & Gas 2017, and stated that we need to shift to the new paradigm where speed of execution trumps …