Had former Conservative prime minister Stephen Harper’s Turning the Corner policy been implemented as proposed in 2007, Canadians would have faced a $25 per tonne carbon tax in 2010, rising to what was estimated at the time to reach $65 in 2020 — more than twice the $30 level mandated by the current federal government for next year.
April 2, 2019, 6 AM MDT
Should the Alberta carbon tax be scrapped by a future government, as promised by the official opposition in the current election campaign, the imposition of the federal carbon tax that would replace it is unlikely to have much impact on the oil and gas industry, says a University of Calgary economist.
April 2, 2019, 6 AM MDT
As it marks its 20th year of operation, Peyto Exploration & Development Corp. is in a sense returning to its roots in the Cardium resource play as it positions the company for future growth as new export opportunities come into play.
March 8, 2019, 11:51 AM MST
Hedging helped to shield Peyto Exploration & Development Corp. from volatile commodity prices in 2018, which included reduced prices for condensate on the liquids side.
March 8, 2019, 11:50 AM MST
The key to Alberta’s economic recovery lies beyond fixation with the typical measure of economic success, the gross domestic product — it requires a revamp to deal with 21st century challenges, according to Todd Hirsch, vice-president and chief economist for ATB Financial.
March 5, 2019, 6 AM MST
Calgary-based E3 Metals Corp. reports it has demonstrated a “milestone” in development of its proprietary ion-exchange lithium extraction technology, with increased concentration in recent tests resulting in lithium grades of up to 5367 milligrams per litre.
March 4, 2019, 10:44 AM MST
Alberta’s decision to temporarily curtail close to 10 per cent of oil output to stem a growing market access conundrum that led to a collapse in prices last fall has not only caused Imperial Oil Limited to reassess its production growth, but skews the market in unintended ways and could lead to longer term damage to the country's reputation, according to Rich Kruger, president and CEO.
February 8, 2019, 11:56 AM MST
Next generation drilling concepts, methane monitoring technologies and the use of artificial intelligence and drones in the field are among the innovations the Canadian Gas Association (CGA) is calling on to make the production of natural gas greener.
February 6, 2019, 12 AM MST
Slashing methane emissions from oil and gas operations represents both challenge and opportunity. Today, the DOB features Part 5 in a five-part series, written by our technology editor Maurice Smith, that examines how to turn emissions reductions into profits. Part 1 is available here. Part 2 is available here. Part 3 is available here. And Part 4 is available here.
February 1, 2019, 11:08 AM MST
Slashing methane emissions from oil and gas operations represents both challenge and opportunity. Today, the DOB features Part 4 in a five-part series, written by our technology editor Maurice Smith, that examines the multipronged efforts underway to uncover the quickest and most cost-effective solutions to get there. Part 1 is available here. Part 2 is available here. Part 3 is available here.
January 31, 2019, 10:58 AM MST
Slashing methane emissions from oil and gas operations represents both challenge and opportunity. Today, the DOB features Part 3 in a five-part series, written by our technology editor Maurice Smith, that examines the multipronged efforts underway to uncover the quickest and most cost-effective solutions to get there. Part 1 is available here. Part 2 is available here.
January 30, 2019, 11:01 AM MST
Slashing methane emissions from oil and gas operations represents both challenge and opportunity. Today, the DOB features Part 2 in a five-part series, written by our technology editor Maurice Smith, that examines the multipronged efforts underway to uncover the quickest and most cost-effective solutions to get there. Part 1 is available here.
January 29, 2019, 11:07 AM MST
Slashing methane emissions from oil and gas operations represents both challenge and opportunity. Today, the DOB starts a five-part series, written by our technology editor Maurice Smith, that examines the multipronged efforts underway to uncover the quickest and most cost-effective solutions to get there.
January 28, 2019, 10:01 AM MST
Cleantech investment vehicles of U.S. oil majors Chevron Corporation and Occidental Petroleum Corporation have invested an undisclosed sum in Squamish, B.C.-based Carbon Engineering Ltd. to accelerate the commercialization of its direct air capture (DAC) technology that removes CO2 directly from the atmosphere.
January 9, 2019, 10:53 AM MST
If natural gas represents the future for fossil fuels in an increasingly carbon constrained world, Canadian producers want to lead the charge with a new standard for low-emissions gas production and export.
December 20, 2018, 11:21 AM MST
Methane emissions monitoring and mitigation technologies, often fused with digital solutions, dominated a Petroleum Technology Alliance Canada (PTAC) Innovation Showcase at the Petroleum Club in Calgary.
November 26, 2018, 4:14 AM MST
The benefits to be derived from adoption of digital technologies such as artificial intelligence — which have already disrupted many sectors of the economy — are no longer in doubt. Increased productivity and lower labour costs alone that AI could bring to the oil and gas industry is estimated at $200 billion, according to Matt Klukas, a consultant with Criterium Group. But that doesn’t mean the industry is ready to take it on, he said.
November 16, 2018, 3:11 AM MST
We live and work in a three dimensional world, but much of the planning work we do deals in only two dimensions, like computer screens and blueprints. And that can lead to big, and costly, problems for major project developments.
November 15, 2018, 4:16 AM MST
The shared ledger technology made famous, or infamous, by the bitcoin cryptocurrency once believed to be favoured by criminals and speculators is inching its way into the oil and gas industry. And for the company that marked the world’s first freehold royalty transaction using blockchain, the sky is the limit in the digital technology’s potential as it penetrates into all aspects of the industry.
November 14, 2018, 3:44 AM MST
When most people think of Alberta’s areas of expertise, they think of oil and gas. But developing under the radar for over a decade has been a level of artificial intelligence (AI) and machine learning expertise regarded to be in the top three, if not the preeminent cluster of researchers in the world. And those who master AI — which will impact on all industries — could be the masters of the digital economy of the future.
November 13, 2018, 6 AM MST
Fulfillment of the long awaited digital oilfield has been a goal of the oil and gas industry for more than a decade. As other sectors of the economy have transitioned to digital, remaking entire industries in the process, the oilpatch has lagged behind, despite the immense rewards that digitalization can bring. In this five-part Digital Disruption series, we present some of the challenges and opportunities presented by digitalization, and some of the success stories experienced by companies that have made the transition.
November 12, 2018, 6 AM MST
Despite flatlining drilling activity in Canada and modest activity levels in the U.S., Pason System Inc.’s largest activity area, the Calgary-based company reported strong revenue growth, significant operating leverage and reduced capital intensity in the third quarter.
November 8, 2018, 11:17 AM MST
As will become more generally acknowledged by next summer, Canadian oil export capacity likely will be adequate through 2030, bringing a return to lower differentials and a return of capital to Canadian oil, Calgary analysts heard last week.
November 5, 2018, 11:46 AM MST
When some executives at NAL Resources sought to push the digital agenda in an agile way, there was initial pushback, says Cory Bergh, vice-president, financial and information services: “What we were told was, forget about it; agile doesn’t work in our industry.”
October 18, 2018, 12 AM MDT
Amid Trump tax cuts and reduced regulations in the U.S., and robust activity in premium basins like the prolific Permian, Canada’s battered energy sector is looking for some relief. As U.S. output soars to all time record levels, driven by technology partly developed north of the border, Canada risks losing its edge, panelists told the Calgary Energy Roundtable.
October 15, 2018, 6 AM MDT