By Heather Douglas It started with the brown-eyed sheiks’ anger at the United States. The blue-eyed sheiks retaliated and the battle for energy superpower status was on. In 1959, America, led by the 34th President Dwight Eisenhower (1890 – 1969), imposed a quota on imports of oil and refined products from the Mideast and gave…
By William Sattlegger, P. Geo.President, Foreshore Resources Ltd. The energy industry is faced with accrued environmental liabilities in part due to end of life reserves, subpar economics, and the culture of deferring well suspensions, abandonments, and site reclamations has resulted in an ever-increasing inventory of inactive wells across the Western Canadian Sedimentary Basin. This is…
By Heather Douglas “It is now well understood that the ‘energy crisis’ of the 1970s was entirely the product of bad government policy … Federal price and allocation controls meant that disruptions in the oil market by OPEC were magnified here at home [the U.S.], with the result being artificial shortages.” Peter Grossman, U.S. Energy…
By Heather Douglas “Everything that can be automated Will be automated.” -Robert cannon, internet law and policy expert “Oil companies have been taking a longer view. For decades, they have attempted to rejig their entire value chain, harnessing technological advances in IT, communications (ICT), and engineering. The 1960s’ manual logging of operational data eventually evolved…
Greg Bury, President, GPAC Director, Business Development, Equinox Engineering Ltd. 2017 was another interesting year for our industry and GPAC. As we have all been working through the downturn in our industry we do see some positive momentum with the rise and stabilization of oil prices. GPAC has not been immune to the challenges that…
By Nick Candito Co-founder and CEO Progressly The Future is Now Over the past several years the oil and gas industry has struggled with diminishing demand, evolving regulations, political uncertainty, and even natural disasters. All these factors have forced companies inside the industry to adopt new strategies to sustain profits. Many, of course, are looking…
