The oil and gas industry is an unrecognized leader in cleantech investment and on its way to producing some of the cleanest natural gas in the world, speakers to an innovation panel at the Global Petroleum Show said Wednesday.
June 13, 2019, 11:41 AM MDT
IHS Markit is forecasting 40 per cent production growth in light oil production in the next three to five years that will come not from the usual suspects — like the Montney, Duvernay and Spirit River — but from surprisingly profitable plays flying under the radar.
June 5, 2019, 6 AM MDT
Technological innovation and a national energy strategy could catalyze change for the oil and gas industry struggling to emerge from the deepest downturn in a generation, according to PwC Canada's 2019 Energy Visions report.
May 27, 2019, 12 AM MDT
After taking a back seat to the sensation of the shale gas and tight oil revolution, geopolitics appears ready to rise again as a major threat multiplier for the oil industry in an age of heightened nationalism, hyper partisanship, a breakdown in international norms and institutions, and a growing climate divide.
May 27, 2019, 12 AM MDT
Despite holding all the most important ingredients for a bourgeoning shale gas and tight oil sector — including the resources, the technology and the talent — Canada is missing the bus on the unconventional revolution sweeping across the U.S., a PwC Canada forum heard Wednesday.
May 23, 2019, 2:20 PM MDT
Coming out of a bust cycle in the oilpatch, Yangarra Resources Ltd. has grown yearly average production by 64 per cent in 2018 to 9,425 boe/d, completed an infrastructure build-out it calls instrumental to its future growth strategy and added a new core area “with stellar well results,” the company reported at its annual general meeting Thursday.
May 10, 2019, 11:22 AM MDT
With the vast majority of the work to integrate the assets of two acquired companies completed, Paramount Resources Ltd. will focus on maintaining capital discipline and prioritizing lower-risk, liquids-rich Montney resource plays that generate immediate cash flows, the company told its annual general meeting Wednesday.
May 9, 2019, 9:48 AM MDT
A Calgary startup has improved on a 160-year-old refrigeration technology to make LNG a winning formula for small-scale applications.
May 6, 2019, 9:02 AM MDT
A strong quarter for Pason Systems Inc.’s primary product, its Electronic Drilling Recorder, and related drilling intelligence bundles combined with increased international activity offset a 32 per cent decline in Canadian drilling activity, leading to an 11 per cent increase in revenue in the first quarter.
May 3, 2019, 12 AM MDT
Alberta isn’t the only jurisdiction struggling to find a place in a carbon-constrained future, according to the keynote speaker to the Petroleum Technology Alliance Canada (PTAC) annual general meeting on Wednesday.
May 2, 2019, 11 AM MDT
One of the most prolific plays in Western Canada, with almost six decades of oil and gas output under its belt, with production peaking in the 1970s, the Cardium formation has been reawakened with the technologies that have made the shale and tight gas and oil revolution in the U.S.
April 30, 2019, 6 AM MDT
Some of the greatest innovation gets done in an industry downturn. Activity slows, companies have time to be more methodical and creative, and though funding for research and technology adoption may be difficult to come by, companies are driven by necessity to find ways to trim costs and create new revenue streams throughout the production process.
April 26, 2019, 8:39 AM MDT
Canada’s innovation ecosystem is about more than just solving challenges facing oil and gas producers. New technologies to improve downstream industries like power generation, transmission and storage are also being created and tested as the global energy market electrifies. The technologies selected as finalists in this category could influence the power sector well beyond Canada’s borders.
April 25, 2019, 6 AM MDT
The shale gas and tight oil revolution was a technological one, built on advances in horizontal drilling and multistage fracturing that unleashed production from source rock once thought to be inaccessible. But despite its earth-shattering impact, both literally and figuratively, it remains a relatively young revolution, with much still to learn and to be gained by producers as the technology improves.
April 24, 2019, 7:39 AM MDT
The digital oilfield has long held the promise of introducing disruptive new cost cutting efficiencies, greater levels of production and entirely new business models with the potential to transform the energy industry in the same way digitalization has transformed many other sectors of the economy.
April 23, 2019, 7:36 AM MDT
Cleantech has a bright future in the oilpatch. Easily the largest collection of candidates for the inaugural Energy Excellence Awards came in the cleantech category — with advanced technologies covering a wide swath of industry challenges, from water treatment and energy efficiency to tackling greenhouse gas emissions monitoring and reduction.
April 22, 2019, 6 AM MDT
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