The payback on renewables currently is not very enticing, says Ryan Pereira, with it taking 10 to 20 years for investors to make back their money on wind turbines and solar panels in many regions of the world — a timeframe approaching the lifecycle for many of these renewable energy assets.
December 5, 2019, 12 AM MST
The world is changing, says Ryan Pereira, with natural gas and LNG starting to replace crude oil as the main negotiating tool on the global stage, and nations are adjusting accordingly to this emerging energy market.
December 4, 2019, 6 AM MST
LNG from Canada has some important operational-cost and carbon-intensity advantages over LNG from many other parts of the natural gas-producing world, including the simple fact that Canada is cold.
December 4, 2019, 6 AM MST
Trican Well Service Ltd. is rolling out new idle-reduction technology in early 2020 that should reduce emissions and fuel consumption on fracturing equipment, thus saving money for the company, says top brass.
December 3, 2019, 12 AM MST
Canada is “second to no one” in terms of its industry’s operational, safety or environmental standards, says Total Energy Services Inc. top brass, and politicians and business leaders should see rigs first-hand.
December 2, 2019, 9:01 AM MST
Reaching Canada’s emission targets requires more stringent climate policies than are currently being enforced, says Canada’s Ecofiscal Commission, with increased carbon pricing as the commission’s preferred method.
November 29, 2019, 7:51 AM MST
Don’t be late. That’s the biggest challenge for Canada’s bourgeoning LNG export industry to meet the demands of Asian and European markets in the transition to a low-emissions economy, says Maria van der Hoeven.
November 27, 2019, 10:24 AM MST
Roughly 10 per cent of lost time injuries in Alberta’s oil and gas sector actually relate to vehicle incidents, says Murray Elliott, which means safe driving practices are essential to ensuring the health and safety of oilfield workers and those impacted by industry activity.
November 26, 2019, 9:43 AM MST
Once a vibrant LNG export industry takes hold on B.C.’s West Coast, it will bring more activity throughout the natural gas-producing fields around Grande Prairie, which will in turn drive increased demand for frac and rig crews to produce the hydrocarbons that feed those liquefaction plants.
November 25, 2019, 10:11 AM MST
Artificial intelligence’s “ugly truth” is that despite all the surrounding hype, it doesn’t actually exist — not now, anyway. Therefore, according to Joanne Pires, energy sector technology and digitization is still people dependant.
November 25, 2019, 12 AM MST
Assuming liability for a producer’s old oil and gas wells — as did Skye Asset Retirement Inc. on Tuesday for an undisclosed Calgary-based company’s package of Saskatchewan wells — might be a new idea, says Ryan Smith, but it is also an idea that helps solve an industry issue, representing a model that could apply across Canada’s energy sector.
November 21, 2019, 11:23 AM MST
In response to Canadian National Railway Company workers going on strike today, the Canadian Association of Petroleum Producers (CAPP) says it will monitor “such developments carefully to assess their potential impacts on Canada’s global competitiveness,” according to Ben Brunnen.
November 19, 2019, 10:56 AM MST
Shawcor Ltd. saw little improvement in the western Canadian market during the third quarter, with continuing depressed demand for the company’s products and services for that region.
November 18, 2019, 10:35 AM MST
Commodity prices could be significantly higher in the second half of 2020 compared to now, says Josef Schachter, with WTI exceeding US$70/bbl and potentially even higher prices going into the future.
November 15, 2019, 12 AM MST
CES Energy Solutions Corp.’s third quarter results demonstrate how significant exposure to steady production chemical end-markets (particularly in the U.S.) allows for higher volume sales across a prudent cost structure, says management, thus generating significant free cash flow through a recurring revenue stream.
November 15, 2019, 11:44 AM MST
Unless there are sustained, long-term growth projections in the Western Canadian Sedimentary Basin, which unfortunately Mark Scholz does not see currently, he says it would be difficult for the many drilling rigs already relocated to the U.S. market to ever return to Canada, even if the domestic situation improves.
November 14, 2019, 10:03 AM MST
High Arctic Energy Services Inc. generated eight per cent of its revenue in Q3 2019 from its operations in the U.S. — a region into which top brass could foresee continuing penetration and redeployment of Canadian rigs.
November 12, 2019, 8:05 AM MST
STEP Energy Services Ltd. has managed to reduce its 2019 capital program to $44 million (down $20 million from the previous guidance) as the company optimizes maintenance spending, maintains a field-ready fleet, but also deals with ongoing uncertainty regarding near-term demand for services.
November 8, 2019, 7 AM MST
Tervita Corporation actually finds its level of opportunity for larger projects, perhaps counterintuitively, increases as companies continue to face macro-challenges in the energy sector.
November 8, 2019, 11:07 AM MST
Trican Well Service Ltd. top brass never liked the supply-and-demand balance in the U.S. fracturing market, says Dale Dusterhoft, which is why the company has not entered that market. Based on what he now sees playing out with substantial oversupply and prices dropping, it further tempers the company’s enthusiasm for going south of the border.
November 7, 2019, 11:48 AM MST
Reflecting on his 35-year career in the energy industry, Mark Little would be hard-pressed to imagine many greater highlights than his participation in forming the East Tank Farm deal — a pact he says provides two First Nations with stable revenue for the next quarter century, and serves as a standard for economic reconciliation.
November 5, 2019, 3:14 PM MST
A trading network traversed North America long before the arrival of Europeans, says Calvin Helin, as Indigenous people had been “aggressive traders” since time immemorial, and contemporary First Nations should embrace this part of their heritage and support an energy project that would benefit not only Indigenous Canadians, but all Canadians.
November 5, 2019, 3:54 AM MST
Reclaiming wellsites matters to Alberta and its energy sector, says Adam Dunn, and he should know, considering his Alberta-based company manages a portfolio of more than 600 reclamation activities annually for oil and gas clients.
November 4, 2019, 9:26 AM MST
Reforestation is an important branch of the Alberta oil and gas industry’s reclamation and remediation work, say representatives of two tree planting companies in the province, and there is potential for it to further grow.
November 4, 2019, 10:44 AM MST
Calfrac Well Services Ltd. focuses on controlling what it can control with its operations, says management, and part of such controlling measures “obviously and unfortunately” includes recently initiating a “realignment” exercise.
November 1, 2019, 10:44 AM MDT