Canada’s Oil Sands Innovation Alliance (COSIA) was established in early 2012 by 13 major oil sands producers in Calgary. Their vision is to enable responsible and sustainable growth in Canada’s oil sands while delivering accelerated improvement in environmental performance through collaborative action and innovation. Sharing many of COSIA’s beliefs, Hitachi is committed to drive innovation and collaboration that will improve safety in people’s lives. Hitachi offers a lean business process management solution, called WorksBase®, that was designed to help Energy businesses improve collaboration and the effectiveness of Environmental, Health and Safety (EHS or HSE) systems. Here’s how WorksBase can help COSIA’s members and associate members improve environmental management in Canada’s oil sands and meet the goals established in their vision.

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What is IoT technology? IoT stands for Internet of Things and describes how technology can connect different objects, like machines and other electronics, through a network to exchange and collect data. You’ve probably heard the term smart tools or smart devices. This describes IoT capabilities in the tool or device. But how does this affect Oil and Gas (O&G)? Hint: Improving communication and saving costs.

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In this day and age, filing paper and storing documents in a physical office is becoming a thing of the past. Cloud technology has enabled oil and gas (O&G) businesses, small and large, to organize documents in a central repository while reducing paper-based costs. But how can important documents be secured? How can they be shared among remote teams? Let’s discuss these questions and explore just how essential the cloud will be for O&G businesses looking to expedite processes and save money.

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Late last week, OPEC, the Organization of the Petroleum Exporting Countries, agreed to lower output of oil. As a result, oil prices per barrel shot up more than 5% in one day! Today, crude is hovering just above $50 bbl, which is a significant jump from the lower $40s bbl last week.

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