Unfortunately, labour shortages will be a drag on industry activity through the remainder of 2022, Mark Scholz, president and chief executive officer of the Canadian Association of Energy Contractors (CAOEC), said in a recent updated drilling forecast for 2022.
June 20, 2022, 12 AM MDT
Obsidian Energy Ltd. is increasingly identifying itself, in part, as a Clearwater producer, says Jay McGilvary, senior director of development, with crews further delineating the play with two (1.5-net) more wells later this year.
June 17, 2022, 12 AM MDT
From 2019 to 2022, Obsidian Energy Ltd. has properly abandoned 1,033 wells, discontinued and abandoned 2,650 kilometres of pipelines, abandoned 60 facilities and received 287 reclamation certificates, said Cliff Swadling, vice-president of operations.
June 17, 2022, 12 AM MDT
Politicians should stop engaging in “happy talk” that fails to address the costs associated with energy development and environmental action, says Ed Whittingham, co-creator and co-host of the Energy vs Climate webinar and podcast series (and former Pembina Institute executive director).
June 16, 2022, 9:44 AM MDT
In the recent Canadian Association of Energy Contractors (CAOEC) updated drilling forecast for 2022, Mark Scholz, president and chief executive officer, suggested that surging inflation, along with other factors, is “waking up millions of people” to the importance of stable, affordable and responsibly-produced energy.
June 16, 2022, 6:32 AM MDT
Addressing carbon competitiveness of western Canadian oil and gas producers, the Alberta Carbon Grid increases the longevity of assets such as those in the oilsands, which in turn provides investment certainty for midstream companies, says François Poirier, president and chief executive officer of TC Energy Corporation.
June 15, 2022, 12 AM MDT
TC Energy Corporation is constantly balancing the need to hire new talent equipped to tackle energy transition versus the advantages of retraining and educating a current workforce, says Dawn de Lima, executive vice-president, corporate services, and chief inclusion and diversity officer.
June 15, 2022, 12 AM MDT
Current fundamentals underlying the energy sector are the best that Kevin Neveu, president and chief executive officer of Precision Drilling Corporation, has seen in his career.
June 14, 2022, 12 AM MDT
Service sector companies are unlikely at this time to deploy the sorts of capital-intensive automation technologies that would dramatically reduce the workforce on drilling and service rigs, says Kevin Krausert, president and chief executive officer of Avatar Innovations Inc.
June 13, 2022, 6 AM MDT
Small modular reactors may be one of the “Holy Grails” of decarbonizing upstream oilsands production, says Alex Pourbaix, president and chief executive officer, Cenovus Energy Inc.
June 9, 2022, 8:03 AM MDT
A federally-imposed windfall tax on the oil and gas sector would represent “an extreme act of aggression” in Canada, leading to regional alienation, says Sonya Savage, Alberta’s Minister of Energy.
June 9, 2022, 12 AM MDT
True reconciliation as part of the energy transition must recognize the emerging regulatory role of First Nations and Indigenous Canadians, says Jody Wilson-Raybould, former Minister of Justice and Attorney General of Canada.
June 8, 2022, 12 AM MDT
The Indian Resource Council of Canada (IRC) plays an important role in facilitating relationships between First Nations and industry, says Stephen Buffalo, president and chief executive officer — relationships that are increasingly important for any company hoping to see new major energy projects proceed.
June 7, 2022, 6 AM MDT
Keeping funds flowing on projects is the overall objective of soon-to-be-enacted ‘prompt payment’ provincial legislation, says Brian Reid, partner at Bennett Jones LLP, and it also aims to quickly resolve any disagreements.
June 3, 2022, 6 AM MDT
At all levels, Canadian governments should pay attention to ESG matters, which intersect with the duties to protect people, society and the environment, while also influencing business and investment attraction, as well as impacting a government’s credit rating and borrowing costs, says a newly-released Canada West Foundation (CWF) report.
June 2, 2022, 6 AM MDT
Canada’s capacity to move hydrocarbons within its own borders, much less to export anywhere other than to the U.S., currently is highly limited, and there are consequences to that fact (i.e. an inability for Canada to provide energy to its allies in Western Europe in response to the ongoing Russia-Ukraine war).
May 31, 2022, 12 AM MDT
The European Union has delivered — with policies of transitioning onto renewables — energy security entirely into the hands of Russia, says Ron Wallace, fellow with the Canadian Global Affairs Institute (CGAI).
May 30, 2022, 6 AM MDT
Enbridge Inc. is investing nearly US$6.6 million into Smartpipe Technologies, which is developing high-strength liner that can be pulled through existing pipelines, increasing integrity and making pipe compatible for hydrogen and carbon dioxide transport.
May 30, 2022, 8:24 AM MDT
For the short-term, Canadian producers “have some comfort” that currently there is enough oil and gas egress, says Tristan Goodman, president and chief executive officer, Explorers and Producers Association of Canada (EPAC), but that will not account for LNG growth, and long-term takeaway capacity will have to increase.
May 27, 2022, 10:11 AM MDT
There is a current focus on shareholder returns for energy companies, with pay structures incentivizing such goals, says Waqar Syed, managing director, energy technology and services, head of research, ATB Capital Markets.
May 27, 2022, 12 AM MDT
The oil and gas sector is experiencing significant labour challenges that will cause major issues for future growth, says Tristan Goodman, president and CEO, Explorers and Producers Association of Canada (EPAC).
May 26, 2022, 7:23 AM MDT
Divestment is a bad policy for addressing the existential problem of climate change, in part, because it does not address fossil fuel demand, says Alex Letko, portfolio manager and partner at Letko, Brosseau & Associates Inc.
May 26, 2022, 6 AM MDT
Rubellite Energy Inc. began as a concept about one year ago, in May 2021, as management at Perpetual Energy Inc., through its efforts to understand refinancing options, started to see the Clearwater play evolve, says Sue Riddell Rose, president and chief executive officer for both companies.
May 25, 2022, 2:23 PM MDT
Saskatchewan remains important for Crescent Point Energy Corp., even as the company increases its Alberta focus following last year’s Kaybob Duvernay acquisition, says president and chief executive officer Craig Bryksa.
May 20, 2022, 12 AM MDT
The Canadian Association of Petroleum Producers (CAPP) says it looks forward to reviewing British Columbia’s newly-introduced oil and gas royalty system framework — to fully understand its details — while also talking with the province to ensure there is a “smooth and equitable transition” to the new royalty regime.
May 20, 2022, 10:52 AM MDT