Shale is Everyone’s Best Friend (they just may not know it) Shale gas has replaced coal with a clean-burning fuel faster than activists could have dreamed. Declining supply costs and an ability to provide consistent baseload power, perfectly positioned natural gas for this victory. All......
Maybe the Quality Problem Isn’t a Problem Global crude qualities have shifted significantly in recent years. Global demand has shifted towards heavier crude while the makeup of global supply has shifted lighter. This global shift in crude quality supply is already impacting end markets. We......
The Alberta Production Cuts On Sunday night Rachel Notley announced a mandated production cut in Alberta, for crude oil and bitumen, of 325,000 bbls/d (representing ~8.7% of production). This short-term course of action was also supported by Jason Kenney and the UCP. At Validere, we......
The Shanghai Crude Contract The rapid adoption of the Chinese crude contract represents a significant change in global crude markets. Already representing 16% of global market share, the contract has pulled liquidity from Brent and WTI contracts and may have been a factor in the......
From CFO to Field Operator, this Oil Quality Variables document is an incredibly valuable resource. It can be used to communicate and understand the true importance of measuring these properties, and what can go wrong if you don’t. For 18 of the most impactful crude......
A guide to equipment selection, design, and common issues. There are hundreds of things that can go wrong when retrieving a petroleum sample for quality testing. Companies should be doing all they can to reduce issues and errors in sample retrieval and sample testing, as......
In this webinar Validere’s CTO, Ian Burgess discusses: How to choose the vapor pressure measurement solution that’s right for your operations How to design the most efficient testing schedule to catch off-spec product before it causes any problems like shut-ins and price discounts How to blend closer to spec limits to......
November 16, 2018 – Calgary, Alberta – Validere is pleased to announce a strategic partnership with Razor Energy Corp. (“Razor” or the “Company”) (TSXV: RZE). Validere’s AI and IoT platform will allow Razor to optimize product quality and improve the product value that Razor receives.......
How can AI & analytics help Midstream Oil & Gas? Validere’s CTO Ian Burgess shares opportunities that will generate several dollars per barrel improvements....
The financing round for the Y-Combinator backed oil and gas startup was led by Sallyport Investments. Toronto, ON – October 30, 2018 — Validere, a venture-backed oil and gas IoT and artificial intelligence platform has raised $7 million in seed funding to transform oil and......
TORONTO, ON – September 7, 2018 – The Canadian Innovation Exchange (CIX) announced that Validere is one of twenty companies that have been inducted into the annual CIX Top 20 program. The CIX Top 20 recipients were chosen by a selection committee made up of......
Artificial Intelligence has been making waves in industry for years. However, there’s much that the average person still doesn’t know about it. In this article, we’ll review what artificial intelligence really is, and five things you should know about how it works in industry. (7......
This post will illustrate how to make a rough estimate of the dollar impact data entry errors have on common crude testing measurements. It is part of our series on estimating human errors in crude quality and measurement. It can be easy for an oil......
More than just a buzzword, the Internet of Things is the future of oil testing. (4 minute read) Machine learning, artificial intelligence, internet of things – these concepts have been floating around for the past few years, promising to revolutionize every industry. Tech junkies and......
This post is the first in our series on estimating human errors in crude quality and measurement. It can be easy for an oil company to invest too little in reducing human errors not because they are not important, but because they are hard to......
The short answer is: a lot. This explains why oil companies everywhere in the supply chain spend so much on quality and measurement, from sophisticated on-line analyzers and automatic samplers at most custody transfer points, to large annual third-party-lab budgets. It can be easy to......
The centrifuge test to determine the sediment and water (S&W) content in crude oil is one of the most frequently run tests in the oil and gas industry. S&W measurements are done every time a shipment of oil changes hands so that the buyer only......
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