The potential to get more informed about each well by orders of magnitude, and thereby drill and frack smarter, is clear.
That’s about the same as a couple of hi-definition movies downloaded on your laptop.
And yet, as Ashok Belani, Schlumberger Ltd.’s technology chief, said while sitting on the same panel as Hess, the average well has less than 10 gigabytes of data associated with it.
as informed in
Canadian Dollar – GBP/CAD Exchange Rate Falls On Latest Oil Price Drop
Canadian Dollar Dips as Crude Oil Costs Slide on US Stock NewsIn the aftermath of Wednesday’s US crude oil stock data, the Canadian Dollar has fallen.
At the time of writing this update, the British Pound to Canadian Dollar exchange rate trended in the region of 1.6400.
GBP CAD Data Releases09.03.201713:30 CAD New Housing Price Index JAN10.03.201709:30 GBP Balance of Trade JAN13:30 CAD Employment Change FEB13:30 CAD Unemployment Rate FEB
This is due to the US figures showing a significant rise in crude oil inventories, which has lowered the global price of crude oil to the detriment of Canadian exporters.
Despite oil prices continuing to fall, the Canadian Dollar was able to hold its ground against the week’s limp Pound.
collected by :Jack Alex