Artificial intelligence in the Canadian oil patch

The Canadian oil and gas industry has experienced unprecedented challenges in recent years. The US shale gas and tight oil boom, and increased production from the Organization of the Petroleum Exporting Countries (OPEC), have resulted in an oversupply of oil and gas on world markets. Simultaneously, alternative energy sources gaining prevalence and cost competitiveness, and the fall in energy demand due to the coronavirus (COVID-19) pandemic, have restricted global demand for oil and gas.

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This article was first published in the January 2021 issue of Financier Worldwide magazine. ©2021 Financier Worldwide. All rights reserved.