Vancouver-based Renaissance Oil Corp., which last year became the first private sector oil and gas company to produce oil and gas in Mexico in more than 75 years, after the monopoly of state-owned Petroleos Mexicanos (Pemex) ended, has now become the first Canadian-owned company to earn a profit in the country.
May 3, 2017, 8:51 AM MDT
The glory days of western Canadian natural gas production, when royalties from production of the commodity swelled Alberta government coffers, are long past.
May 1, 2017, 6 AM MDT
Despite heading an administration that is populated by energy industry champions and climate change skeptics, U.S. President Donald Trump is encountering some obstacles in his push to erase or reverse the policies of former President Barack Obama, says an analyst with Argus Media.
April 27, 2017, 11:31 AM MDT
Technology development is underway to dramatically reduce the oilsands industry’s greenhouse gas emissions, and for that reason, the sector is at the heart of Canada’s transition to a low-carbon economy.
April 7, 2017, 11:38 AM MDT
Canada has an opportunity to leap ahead of the U.S in the development of clean technologies, particularly in the context of the new U.S. administration under President Donald Trump, says the president and CEO of an Ottawa-based, federally-funded clean tech funding agency.
April 5, 2017, 7:58 AM MDT
Canada has a good news — bad news story to tell the world about its rich hydrocarbon resources, but through innovation including the use of technologies such as photonics, nanotechnology, genomics, artificial intelligence and robotics, the good news will overwhelm the bad in the future.
March 29, 2017, 6 AM MDT
While the Alberta government’s Climate Leadership Plan (CLP) will eventually lead to significant changes for the province’s electricity market, for power generators and consumers, as coal-power is phased out and more renewables are introduced, a power system expert says slow economic growth and overcapacity means there’s no need to panic.
March 27, 2017, 6 AM MDT
Financially troubled Petroleos Mexicanos (Pemex), the state-owned oil and gas company that is facing competition from private sector companies for the first time in its 80-year history, has managed to reward former senior executives with rich pensions, despite having a debt of US$100 billion, plus US$90 billion in pension obligations.
March 23, 2017, 8:09 AM MDT
Companies focused on shale oil and gas plays in the U.S. and Canada will increase capital upstream spending this year by 60 per cent and 28 per cent, respectively, according to international energy consulting and intelligence firm Wood Mackenzie, with production increasing by 800,000 boe per day in the U.S. and 300,000 boe per day in Canada.
March 20, 2017, 6 AM MDT
Mazatlan, Mexico ‑The government body responsible for environmental regulations in Mexico has published the first ever rules governing hydraulic fracturing as two Canadian companies and others prepare to develop what are expected to be huge unconventional oil and gas resources in the country.
March 20, 2017, 8:54 AM MDT
Mazatlan — Alberta’s two largest and oldest universities have signed deals with the Mexican government that will help it shift to a free market energy sector economy — and while much of that assistance will centre around better technologies to develop unconventional resources in the country — one initiative is aimed at preventing thieves from stealing gasoline from the Mexico’s pipelines.
March 14, 2017, 10:31 AM MDT
Canadian Prime Minister Justin Trudeau Thursday assured an international energy industry audience, including a number of Canadians, that his government’s environmental policies which include a carbon tax are not a repeat of the reviled National Energy Program (NEP) of his father, Pierre Trudeau.
March 10, 2017, 10:27 AM MST
Mazatlan — An energy industry consulting and analytical company has confirmed what two Canadian companies focused on Mexico have been saying since they entered the country’s oil and gas market about two years ago — that the oil and gas potential of the country’s inland (TMB) rivals that of the world’s “super basins.”
March 7, 2017, 6 AM MST
Imports of refined products from the U.S. into Mexico will likely continue rising, even though the country now relies on the U.S. for half of its gasoline and diesel, says a downstream market expert.
March 2, 2017, 7:12 AM MST
While the energy critic for Alberta’s official opposition opposes more government help to spur the go ahead for the second phase of a massive refinery in the province, his counterpart with the Progressive Conservatives says it’s a project that must go ahead, because it will create thousands of jobs and tax revenues.
February 21, 2017, 9:35 AM MST
The pressure is building on Alberta’s New Democratic government to commit to back the second phase of the Sturgeon refinery, a multibillion-dollar project that converts bitumen into clean diesel, marine fuel and petrochemical feedstock, with the head of the company spearheading the project saying he needs a yes before this summer.
February 17, 2017, 6 AM MST
It’s “too early to tell” if Norway, a world leader in carbon capture and storage (CCS) technologies, would invest in CCS projects in Canada, according to the head of the country’s government-owned enterprise charged with ramping up the technology.
February 17, 2017, 9:17 AM MST
Mexican media reports indicate that the country’s Secretariat of Energy (SENER) is planning to copy an approach used by the U.S.-based Bureau of Ocean Energy Management (BOEM), in which multiple oil and gas blocks are auctioned off at once, when it unveils new auction plans in a few weeks.
February 17, 2017, 10 AM MST
Alberta’s Climate Leadership Plan will be bad news for consumers, as they pay more for greener electricity from a power generation fleet free of old king coal, but the big winners will be natural gas producers.
February 15, 2017, 6 AM MST
Mazatlan — Jim Carr, Canada’s Natural Resources Minister, told reporters yesterday, at the tail end of a visit to Mexico to advance trade relations between the two countries, he believes it’s possible the energy sector links between the three countries involved in NAFTA will be spared if the trade deal is reworked.
February 3, 2017, 7:25 AM MST
A decision on whether to proceed with the front end engineering design (FEED) stage for a new $3.8 billion-$4.2 billion petrochemical plant to be built in Sturgeon County, northeast of Edmonton, will be made in 30 days — but executives with one of the partners in the project seem confident the plant will be built.
January 27, 2017, 4:27 AM MST
Although it has just launched a project to more than double crude oil storage capacity at its Edmonton Terminal, the chief executive of Gibson Energy Inc. said the company is already contemplating further expansion.
January 27, 2017, 10:15 AM MST
In what it’s calling a “transformational acquisition” Calgary-based midstream giant AltaGas Ltd. confirmed Wednesday — in an announcement that came as no surprise to those familiar with the company — that it will acquire Washington, D.C.-based WGL Holdings Ltd. for C$8.4 billion.
January 26, 2017, 6 AM MST
Mazatlan — Protests, including blockades of fuel terminals and highways, continue throughout Mexico as angry citizens react to what is being called “gasolinazos” after gasoline and diesel prices rose, a consequence of the end of an oil and gas monopoly in the country.
January 6, 2017, 6 AM MST
The head of the company now building the first new refinery in Canada in 30 years says the economic arguments in favour of moving ahead with the next two phases of the project are better than when it was first designed a decade ago and he’s now hopeful all three phases will be built.
January 5, 2017, 6 AM MST