The amount of Canadian oil and natural gas assets publicly available for sale is down roughly 69 per cent from this time last year.
November 30, 2022, 6:42 AM MST
Leading Montney operators are using a mix of completion technologies including sliding sleeve, ball & seat and plug & perf systems to maximize production and efficiency.
November 23, 2022, 9:30 AM MST
The Western Canadian natural gas price marker of AECO, like its U.S. cousin Henry Hub, is a benchmark price.
November 8, 2022, 12 AM MST
The province sold 35,527.2 hectares of P&NG leases and licences in the Nov. 2 land sale bringing in $20.22 million. Additionally, 13,385.01 hectares of oilsands leases sold for $2.1 million. This brings the total cumulative bonus paid to-date in Alberta to $415.2 million.
November 7, 2022, 6 AM MST
A lot of emphasis is placed on analyzing and attempting to generate forecasts for the price differential between Canada’s heavy oil benchmark of Western Canada Select (WCS) and that of the North American light oil benchmark, West Texas Intermediate (WTI).
November 1, 2022, 12 AM MDT
It seems the days of developing an outlook for Canadian light-heavy crude oil price differentials based primarily on fundamental factors (North American supply/demand/inventories) has become even more difficult than it used to be.
October 31, 2022, 9:12 AM MDT
The total enterprise value of merger and acquisition (“M&A”) activity in the Canadian oil and natural gas industry in the first half of 2022 was $5.2 billion, down 53 per cent from the $11.1 billion recorded in the first six months of 2021.
October 26, 2022, 6 AM MDT
The province sold 27,979.60 hectares of P&NG leases and licences in the Oct. 19 land sale bringing in $12.05 million. Additionally, 7,680 hectares of oilsands leases sold for $1.31 million. This brings the total cumulative bonus paid to-date in Alberta to $392.9 million.
October 24, 2022, 6:49 AM MDT
Alberta sold 37,821.15 hectares of P&NG leases and licences in the Oct. 5 land sale, bringing in $59.5 million. Additionally, 8,128 hectares of oilsands leases sold for $11.6 million.
October 11, 2022, 9:38 AM MDT
In November 2021, the Saskatchewan government released Helium Action Plan: From Exploration to Exports to further bolster the province’s budding helium industry. The goal of the plan is to produce 10 per cent of the world’s helium by 2030 — making Saskatchewan a top-five global producer.
October 3, 2022, 6 AM MDT
A total of $1.8 billion of capital was raised by the Canadian oil and natural gas industry in the first six months of 2022, down 69 per cent from the $5.7 billion recorded over the same time period in 2021.
September 28, 2022, 6 AM MDT
The province sold 26,585.65 hectares of P&NG leases and licenses in the Sept. 21 land sale, bringing in $15.79 million. Additionally, 1,024 hectares of oilsands leases sold for $136,000.
September 27, 2022, 12 AM MDT
After suffering three worldwide helium shortages between 2006 and 2020, it looked like clear sailing for the industry for the remainder of this decade with the first of three phases of Russia’s massive Amur gas processing plant coming online in September of last year.
September 26, 2022, 6 AM MDT
The province sold 13,712 hectares of P&NG licences and leases in the Sept. 7 land sale bringing in $2.85 million. Additionally, 10,491 hectares of oilsands leases sold for $2.88 million. This brings the total cumulative bonus paid to-date in Alberta to $292.5 million.
September 12, 2022, 8:40 AM MDT
A lot has changed for Newfoundland and Labrador (NL) since I wrote Sunshine For Newfoundland’s Offshore Oil Industry in November 2019. Projects in the province came to a standstill when the global Covid-19 pandemic hit and oil prices collapsed in the first half of 2020.
August 31, 2022, 8:31 AM MDT
The province sold 24,675 hectares of P&NG leases and licences in the August 24 land sale that brought in $6.86 million. Additionally, 5,376 hectares of oilsands leases sold for $2.74 million. This brings the total cumulative bonus paid to-date in Alberta to $286.73 million.
August 29, 2022, 9:31 AM MDT
Natural gas is the hottest commodity in the world right now. The global LNG market was beginning to tighten in the second half of last year with the post-COVID economic rebound in gas consumption and a lack of investment in LNG-related infrastructure over the past several years.
August 10, 2022, 6 AM MDT
The February invasion of Ukraine by Russia, at the time the world’s largest oil and natural gas exporter, has caused an unprecedented global energy crisis, with the potential of getting even worse according to Fatih Birol, executive director of the International Energy Agency (IEA).
August 3, 2022, 6 AM MDT
Canada has long been an innovation laggard, and as a result, an economic laggard among the Group of 7 (G7) advanced industrial economies. This is despite the federal government adopting numerous policies and programs over the decades to put our country onto a more positive path.
July 5, 2022, 6 AM MDT
Over the last year we have seen a number oil and natural gas companies, both privately-held and publicly-traded, enter into more unconventional debt structures which provide the capital required for the acquisition of oil and natural gas assets and companies.
June 29, 2022, 6 AM MDT
I guess walking and chewing gum at the same time is much tougher than Jonathan Wilkinson, federal minister of natural resources, would have us believe.
June 27, 2022, 6:54 AM MDT
Back in late March, when the Trudeau government tabled its long awaited 2030 Emissions Reduction Plan, Environment Minister Steven Guilbeault indicated that the feds were looking to “future proof” its carbon pricing regime, as it’s the “cornerstone” of Canada’s climate action plan and needed to propel decarbonization investments by large industrial emitters forward.
June 2, 2022, 8:27 AM MDT
A total of $10.8 billion in capital was raised by the Canadian oil and natural gas industry in 2021, down slightly from the $10.9 billion raised in 2020.
May 25, 2022, 6 AM MDT
In Part 1 of this two-part series, I provided a thumbnail sketch of the possible composition of trading blocs under the New World Economic Disorder, as implied by U.S. Secretary of the Treasury Janet Yellen in a speech to the Atlantic Council in mid-April. I also discussed the economic impacts of global economic de-integration, including how it will lead to a less vibrant technological future.
May 18, 2022, 6 AM MDT
It may have been simply a matter of time before the Age of Economic Globalization came to an end, with the emergence of an increasingly assertive authoritarian bloc led by China and Russia, but Russia’s invasion of Ukraine appears to have ended it with a thud.
May 9, 2022, 6 AM MDT
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