It's no secret: 2015 was a bizarre year for oil. While historically low prices have decreased the economic outlook for the sector as a whole, low energy prices equal more money in the consumer's pocket. So how will 2016 shake out?
Many economists... (Read More)
Wow! Can you believe 2015 is already coming to a close? It feels like we were wrapping up 2014 just a few days ago, yet here we are, standing at the precipice of 2016. If time flies, it has got some pretty big wings.
Fortunately, we've been... (Read More)
The fact is this: There's too much oil on the market and not enough people buying it. As inventories build up, prices continue to fall. In what is likely to be an early Christmas present for holiday drivers, $2 gas might be right around the... (Read More)
Have you heard? Something big is happening in Utah. At a quiet place called Asphalt Ridge, Toronto-based MCW Energy Group is recovering oil from sands using a breakthrough new technology.
The new technology - patented by the company - recovers... (Read More)
Drones. Although the majority of the public hardly used the word a decade ago, it's now as common as planes or cars.
The fact is, drones are creating entirely new ways of doing things for a number of industries, and oil and gas are no exception... (Read More)
Crude oil powers our lives, but how many of us know what it is, where it comes from, and how it's extracted? This substance, commonly known as petroleum, holds the keys to our economic castle, so perhaps it's time for us to get slick with oil... (Read More)
If you haven't heard of it, the Bakken shale formation is a subsurface geological formation occupying approximately 200,000 square miles in Montana, North Dakota, Saskatchewan, and Manitoba.
According to a 2008 U.S. Geological Survey report, the... (Read More)
As the Obama administration sets out to promote its new Clean Power Plan, one might wonder how the U.S. generates most of its electricity.
Although coal and natural gas are the most common sources for electricity, coal represents a severely... (Read More)
In the world of automation, virtual is the new reality.
Advances in workforce development, training and simulator technology are fast-tracking the time it takes for an operator to get from entry-level to expert.
The fact is, engineering... (Read More)
Nanotechnology has changed the way materials and substances interact with each other since the term was first coined in 1974.
Today, advances in nanoscale engineering are revolutionizing the world of oil and oil-related... (Read More)