Critical Need for New Pipelines Oil production in the Permian Basin has passed 4 million barrels a day, but because of pipeline constraints, it’s selling at a discount. Transport bottlenecks are also to blame for low natural gas prices, resulting in reduced production...
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Construction Technology Trends: Part 2
The construction industry has been in need of a significant shift-change in its standard operating procedures for some time. While other industries such as mining and manufacturing have leveraged technology to increase productivity, commercial construction seems...
Construction Technology Trends: Part 1
Trend forecasts for the construction industry have been predominantly tech-focused for several years, and 2019 is no exception. Notable innovations include a drywall-installing robot, autonomous earthmoving equipment and a strength-enhancing human exoskeleton. As...
Using Vendor Data as an Asset
Upstream oil and gas companies rely on data to shed light on what can’t be seen. Details about a formation, bit location, flow, composition — producers know just how valuable this information is and what it can contribute to future projects. However, without adding...
Your 2019 Roadmap to Success: 6 Places to find direction
Looking back at 2018, many companies are comparing projects or jobs, trying to understand what defined the winners and the losers. Cost, profit and margins are undoubtedly pillars when it comes to KPIs, but once you have those numbers, what’s the next step? Where does...
Combating the Sunk Cost Fallacy: When to abandon old tech
Sunk costs. Like the Titanic, except without any loot. Costs that have either already been incurred or cannot be changed are sunk costs. Rent, fuel, gym memberships - the money spent on these expenses can’t be recouped, no matter how you proceed. If a project or...
3 Best Practices for Workflows: Capturing Operational Data
Every organization has workflows. A workflow is basically the sequence of events that takes place before work is completed. There are a million ways in which steps in a workflow can be combined. For the purpose of this article, we will be discussing the particular...
How to Overcome 3 Software Implementation Hurdles
There can be multiple hurdles between choosing a software and successfully implementing one. And the hurdles look different depending on where you’re at in the process. Between buy-in and roll-out, a lot can happen, so let’s take a look at how to address three common...
How to Increase Profits by Reducing Days to Invoice
Cash. The most basic success metric for any kind of business. Stakeholders often focus on profits to measure success, but for recession-tempered oil and gas service companies, cash flow is king. In volatile commodity markets, effective survival strategies are built...
Is a Cloud-based App Right for Your Business?
Remember CD-ROMs? How about installation procedures that should have started with, “Do you have 6 hours for this?”, and frequent new versions that produced compatibility nightmares. Thankfully, technology is always moving toward efficiencies. At the personal consumer...
Two Approaches to Recruiting Workers Without Raising Wages
Managing the labour force of a boom-and-bust industry is challenging by nature, but critical for maintaining profitability. Capitalizing on the opportunity of increased demand requires finding large numbers of qualified workers in a tight labour market. Shortages can...
Produced Water: Turning a liability into an asset
Image courtesy of F&T Water Solutions The trade off The newest, most efficient methods of oil and gas extraction require more water than conventional drilling. Fracking for oil and shale gas, along with SAGD to recover bitumen, have allowed operators to access...
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