The Notley government’s crude oil curtailment program, backed by the opposition United Conservative Party, to reduce a glut of oil in storage in Western Canada and bolster catastrophic regional prices, was to run from January to December of this year. The program’s sunset clause was predicated on Enbridge Inc.’s Line 3 Replacement project coming online in late 2019, adding 370,000 bbls/d of incremental pipeline capacity out of the region.
June 20, 2019, 10:01 AM MDT
“The sky is falling! The sky is falling!” the crude oil price bears are yelling from the woods.
June 6, 2019, 10:59 AM MDT
The Liberal Party is trailing in the polls, and based on history our natural ruling party will do whatever it takes to shore up support prior to the federal election on or before October 21, including throwing Western Canada’s oil industry under the bus yet again.
May 21, 2019, 7:43 AM MDT
To cancel the recently signed contracts with Canadian National Railway (CN) and Canadian Pacific Railway (CP) or not, that’s the question newly-installed Premier Jason Kenney must now answer.
May 1, 2019, 6:54 AM MDT
I’m thrilled Alberta will again have a pro-business government in power as of April 30. But Premier-designate Jason Kenney and the United Conservative Party (UCP) will have their work cut out for them, especially to fulfil their campaign promise of getting a “fair price” for Alberta’s natural gas.
April 25, 2019, 7:23 AM MDT
Part four of the 2019 Oil & Gas Survey Outlook Report looks at capital spending plans, where the industry plans on spending money, and how it plans to manage costs in 2019.
April 22, 2019, 7:27 AM MDT
April 18, 2019, 9:35 AM MDT
The NDP has been bounced from power in Alberta. Now the hard part. To get new crude pipeline capacity constructed to tidewater.
April 17, 2019, 7:19 AM MDT
sectors to understand the key issues facing the industry in 2019. In this four-part series, Vince Lauerman sifts through the results of the 3rd annual Industry Outlook Survey to identify the challenges faced by the industry in 2018, and where it is headed in 2019.
April 17, 2019, 9:48 AM MDT
I’m thrilled to see the federal and Alberta governments talking about a possible large Aboriginal stake in the Trans Mountain crude pipeline, assuming completion of the expansion project.
April 3, 2019, 9:17 AM MDT
Today’s installment of the 2019 Service & Supply Outlook Survey looks at how oilfield service companies view the challenges of implementing technology in their operations.
April 1, 2019, 7:04 AM MDT
March 29, 2019, 7:49 AM MDT
Today's installment of the 2019 Service & Supply Outlook Survey looks at the service pricing environment in 2018, and looks ahead to expectations for this year.
March 28, 2019, 8:10 AM MDT
Today, the Service & Supply Outlook Survey reviews cash flow and financing plans in 2018 and provides an outlook for 2019.
March 27, 2019, 7:49 AM MDT
The International Energy Agency (IEA), and other major oil forecasting organizations such as OPEC and the U.S. Energy Information Administration (EIA), have consistently and seriously underestimated U.S. oil production since the Shale Oil Revolution took off in earnest early this decade.
March 26, 2019, 7:59 AM MDT
Part two of our 2019 Survey & Supply Outlook Survey reviews company profit margins in 2018 and provides an outlook for 2019.
March 26, 2019, 9:01 AM MDT
The International Energy Agency (IEA) released its latest medium-term outlook for the world oil market on March 11, and it’s no more likely to be prescient than those in the past for a simple reason: the IEA is a political organization.
March 25, 2019, 7:25 AM MDT
After a turnaround in 2017, many survey respondents reported downturns in revenues in 2018. A significant minority of respondents expects this trend to continue in in 2019. Access to capital is expected to remain tight, with most operators relying on cash flow to fund operations.
March 25, 2019, 8:50 AM MDT
Call me skeptical.
February 27, 2019, 6 AM MST
Imperial Oil has every reason to complain about the Alberta government curtailing crude oil production in the province, as do Suncor and Husky. Due to substantial investment in their integrated models over the decades, including crude-by-rail facilities in the case of Imperial, these companies were making a lot of money from the implosion of western Canadian crude prices in the fourth quarter of 2018.
February 21, 2019, 6 AM MST
In the summer of 2017 I wrote the Venezuela crisis was nearing its endgame (see Impact Of New U.S. Economic Sanctions On Venezuela). It has been a long time coming, but based on recent events it appears the endgame is finally here for real, and it likely won’t be pretty.
January 28, 2019, 7:29 AM MST
Alberta Separation Could Be Real Threat made the case, assuming the federal government continues its anti-natural resource development agenda.
January 21, 2019, 8:13 AM MST
There’s a great deal of skepticism about the potential of Alberta separatism, especially among Central Canada’s elite.
January 7, 2019, 8:02 AM MST
Call me “The Grinch.”
December 17, 2018, 9:11 AM MST
What a difference one OPEC+ meeting makes.
December 10, 2018, 8:36 AM MST