Oil and Gas
Canada is the fifth-largest producer of crude oil and the fifth-largest producer of natural gas in the world, Alberta alone being home to about three-quarters of the country’s production. Alberta’s oil sands are the third-largest crude oil reserves in the world. These resources are the backbone of the provincial economy and a vital element of Canada's economy. Energy development is the largest contributor to the province's GDP, capital investments and exports.
Several technical challenges must be overcome for the energy industry to remain competitive and environmentally aware. Synergi-FX provides technical services and solutions to the oil and gas industries, in meeting these challenges. IoT is the next step in the evolution of the oil and gas industry. Data will flow in real time, seamlessly from fields to boardrooms. This will enable better decision making, better optimization of process, and a safer working environment. In an industry that spends trillions of dollars every year on exploration, development, and maintenance of assets, even a single-digit percentage improvement through IoT will have a huge impact.
Renewable energy is obtained from natural resources that can be naturally replenished or renewed, the resource is a sustainable source of energy. Some natural resources, such as moving water, wind and sunshine, are not at risk of depletion from their use for energy production. Biomass, however, is a renewable resource only if its rate of consumption does not exceed its rate of regeneration.
A wide range of energy-producing technologies and equipment have been developed over time to take advantage of these natural resources. As a result, usable energy can be produced in the form of electricity, industrial heat, thermal energy for space and water conditioning, and transportation fuels. IoT technologies are relevant for renewable energy since these tools can enable the smooth integration of two-way power flows from intermittent distributed resources like wind or solar, and behind-the-meter processes such as on-site energy storage or electric vehicle charging. In a larger sense, IoT technologies are being established as a fundamental platform that underpins the emerging Energy Cloud, a historic transformation under way in the utility industry that will lead to a cleaner, more distributed, and increasingly intelligent grid. Synergi-FX has a strategy for thriving in this environment and evaluating how best to leverage IoT technologies to your advantage.