From Alberta Oil Magazine website, April 1, 2016
Canada’s Top Energy Innovators 2016
Alberta Oil is highlighting the people, companies and technologies that are taking an unconventional approach to solving the energy industry’s biggest problems.
There is an old cliché that says, when faced with failure, “try, try again.” That advice certainly applies to innovators in the energy sector, often with a few hundred more “tries” required. That’s because, when it comes to innovation, failure is equally as important a lesson as success.
Innovation is about solving a problem with unconventional thinking. This year, Alberta Oil is highlighting the people, companies and technologies that are taking an unconventional approach to solving the energy industry’s biggest problems. The energy sector has never been more in need of innovation than it is today. In a low-price environment, and with more focus than ever on environmental stewardship, operators are under immense pressure to cut costs and lower carbon emissions in order to stay competitive. From small upstart companies with bold ideas to large corporations with billions in revenues, the one trait that this year’s Top Energy Innovators all share is that they can’t afford to fail as they reach for these goals.
The Innovator: Osprey Informatics
The Innovation: Well monitoring
Exploration and Development
Intelligent visual monitoring (IVM) of oil installations improves security and productivity, optimizes personnel-hours, and can head off environmental trouble. And at $2 per hour operating cost—compared to up to $60 per hour to send an inspector out—it boosts the bottom line during this time of cost cutting. Slashing inspector visits has the added benefit of reducing an operators’ carbon footprint.
Osprey Informatics’ contribution to this technological conversation is Osprey Reach—a cloud-based IVM, delivered software-free over cellular networks and accessible online. Its bandwidth efficiency and low-power cameras are designed for remote sites. IVM allows visual validation of security alarms and checks for leaks and spills—this means faster response times and less environmental or property damage, lower clean-up costs, and responders knowing exactly what they will face on arrival. Operators receive site snapshots with automated visual reports, which are created and shared. Osprey Reach connects with industrial sensors and corporate data systems such as SCADA, access control and fleet management. It combines video analytics, computer vision and sensor-system data for accuracy and relevance, and is an open platform for integration.
Link to full article: http://www.albertaoilmagazine.com/2016/04/canadas-top-energy-innovators-2016/