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Oilsands mining companies need to adopt next-generation systems—including autonomous equipment and remote operations and maintenance monitoring—in order to cope with lower oil prices, tight labour supplies and safety concerns, says a long-time mining industry consultant. But because of the unique conditions and characteristics of oilsands mining versus other materials and regions, it won’t be simple and it is unlikely to happen fast.
Three decades ago, Glen Perry was in the place that many of the current Canadian LNG proponents are today: trying to do a deal.
Here is what we know. WTI oil prices have declined by 30 per cent since June, and as of early November were hovering in the US$77 per bbl range.
News
Nominate a Rising Star by January 31, 2015.
Oilpatch 101, a two-day introductory course on the Canadian oilpatch, is offering a class in Vancouver on Feb. 18-19. The course was designed for those performing marketing, finance or non-technical roles related to the energy industry. Business in Vancouver will be hosting the class, the first of its kind on the West Coast.
Nominate a Rising Star by January 31, 2015.
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Current Rig Activity
PROVINCE ACTIVE DOWN TOTAL
AB 258 305 563
SK 54 88 142
BC 62 13 75
MB 10 9 19
QC 0 1 1
Canada 384 416 800
Oil & Gas Prices
NYMEX-WTI
USD 45.15 / BBL
NYMEX Natural Gas
USD 2.88 / MMBTU
AECO/NGX Spot Price
CAD 2.57 / GJ
This Month in Oilpatch History
GULF CANADA CORPORATION (GCC) says its board of directors has approved a return to Beaufort Sea exploration with a view to beginning…
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