A New Funding Solution is Needed for Oil Decommissioning

At the time of writing, we are seeing an increasing number of media reports detailing the huge number of abandoned oil wells in Alberta and Texas. In addition, governments and the industry are experiencing growing concern over the increasing costs of decommissioning and reinstatement of both onshore and offshore oil…

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Oil and gas operations are commonly found in remote locations far from company headquarters. Now, it's possible to monitor pump operations, collate and analyze seismic data, and track employees around the world from almost anywhere. Whether employees are in the office or in the field, the internet and related applications enable a greater multidirectional flow of information – and control – than ever before.

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