The recognition that there is a virtually endless and reliable supply of cheap natural gas has not entirely sunk in yet, but when it does, it will open the door to new value-add opportunities and rapid replacement of dirtier fossil fuels, contributing to climate goals, according to energy analyst Peter Tertzakian.
October 4, 2018, 11:30 AM MDT
Accessing new skills and capabilities is often the most strategic pathway to achieve increased performance and reduced costs in major project development, a University of Calgary professor told a Speaker Series event this week.
September 27, 2018, 7:46 AM MDT
As unconventional resources, opened up over the last decade by new drilling and fracturing technology, increasingly become conventional, it’s easy to forget the stupendous size of the prize that has been unleashed by the shale and tight oil and gas revolution.
September 27, 2018, 8:22 AM MDT
A high-bleed pneumatic device swap out program that could reduce over three million tonnes of CO2 equivalent emissions over the next five years has received the support of a Quebec-based fund that exclusively finances carbon emission reductions.
September 25, 2018, 4:02 AM MDT
Two new reports from European energy consultancies point to a peak in oil demand as early as the mid 2020s, the ascendency of natural gas as the preeminent fossil fuel in a carbon-constrained world, and major ramifications for producers and investors as the clean energy transition takes hold.
September 18, 2018, 12 AM MDT
Calgary-based geoLOGIC systems ltd. has teamed with California-based predictive analytics provider BetaZi LLC to offer pre-computed probabilistic production forecasts for every well in Western Canada in seconds.
September 10, 2018, 6:58 AM MDT
The increasingly expected go-ahead for the first major liquefied natural gas (LNG) project on the West Coast, which would represent the launch of one of the country’s largest megaprojects, will be a defining moment for the Canadian natural gas industry, according to Sproule.
July 25, 2018, 6 AM MDT
The long dry spell for western Canadian natural gas producers, who are sitting on some of the highest quality reserves in North America, may be coming to a close, some of the lowest cost junior producers say.
July 13, 2018, 10:16 AM MDT
Building a spirit of collaboration through the oil and gas supply chain can take years of concerted effort between producers and suppliers to build trust, solidify relationships and land on successful formulas that benefit both sides. And it can all be wiped out in a single bust cycle when those who forged the new relationships are sent packing.
July 11, 2018, 6 AM MDT
“Flat is the new up for Canada,” is how the president and CEO of the Petroleum Services Association of Canada (PSAC), chose to describe the level of oil and gas activity in Canada in the years ahead — prompting more and more companies to look abroad as they never have before.
June 27, 2018, 11:50 AM MDT
The divide between the world’s leading technology hub in Silicon Valley and the epicenter of the U.S. energy sector in Houston can sometimes seem like oil and water: they rarely mix.
June 25, 2018, 8:01 AM MDT
June 14, 2018, 11:39 AM MDT
In the topsy-turvy state of today’s oil and gas industry — dealing with shifting market dynamics and geopolitical uncertainties, rapid technological change and the lower-for-longer crude oil price environment — a return to the pre-recession years of reliably growing markets and healthy oil prices seems unlikely any time soon.
June 11, 2018, 9:39 AM MDT
When leaders of a group of oilsands producers stood with environmental organizations, sharing a stage with Alberta Premier Rachel Notley as she announced an extraordinary provincial climate accord in November 2015, few were aware of the marathon of negotiations and depth of conciliation that had led up to that unprecedented moment.
June 6, 2018, 6 AM MDT
With its purchase of Calgary-based Entero Corporation in April, Quorum Software has moved to expand its software offerings and significantly grow its Canadian presence.
June 5, 2018, 6 AM MDT
The gap between the emissions reductions promised by industrialized countries in the Paris accord and today’s reality is poised to create “disruption [that] is going to be potentially massive,” a business forum was told this week.
June 1, 2018, 9:05 AM MDT
The rapid transition from fossil fuels to renewables and energy storage is occurring at a rate far beyond the early expectations of the founder of New Energy Finance, who was among the first to predict a peak in oil consumption will occur as early as the mid 2020s.
May 28, 2018, 6 AM MDT
May 28, 2018, 11:28 AM MDT
The uncovering of what Altura Energy Inc. describes as “one of the largest conventional oil pools discovered in the Western Canada Sedimentary Basin within the last 20 years” — under the nose of the Leduc discovery that launched the Alberta oil industry in 1947 no less — was the result of the tenacity of the company’s vice-president of exploration, according to Altura’s president and chief executive officer.
May 18, 2018, 11:03 AM MDT
Oilsands producers continued monitoring and testing a variety of new tailings treatment technologies through 2016, the Alberta Energy Regulator (AER) said in a status report published last month.
May 16, 2018, 1:03 PM MDT
Yangarra Resources Ltd.’s commitment to a full cycle capital allocation model along with improved fracturing techniques in deeper wells in its central Alberta core area have helped drive the company to top decile full cycle rates of return, the company reported in its annual general meeting on Thursday.
May 11, 2018, 6 AM MDT
Temporarily slowed heavy oil production and buildup of a record inventory of saleable oil in excess of 40,000 bbls in the first quarter paid off handsomely for Gear Energy Ltd. as it sold its inventory at substantially higher prices in the second quarter.
May 10, 2018, 9:29 AM MDT
The leader of Canada’s Conservative Party insists his party would meet the Paris climate accord targets, but would not speculate on how it would do so. While Andrew Scheer is committed to dumping the federal carbon tax, he was mum on how his unfinished climate plan could impact on the oil and gas industry, one of Canada’s major greenhouse gas emitters.
May 7, 2018, 11:49 AM MDT
Petroleum Technology Alliance Canada (PTAC) is advancing the technologies needed to allow the oil and gas industry to meet stringent new methane emissions reduction targets while preparing the industry for the coming digital transformation, PTAC president Soheil Asgarpour told the annual general meeting this week.
May 4, 2018, 10:20 AM MDT
Precision Drilling Corporation’s drive to automate drilling processes is gaining momentum as it sets the company’s wide-scale technology deployment initiative as one of three priorities for 2018, the others being debt reduction and enhanced financial performance.
April 27, 2018, 11:43 AM MDT