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
When RBN last reviewed the outlook for AECO natural gas prices in November, we spoke of a palpable fervor in prices.
April 27, 2022, 6 AM MDT
A recent trend we have witnessed in the Canadian oil and natural gas industry is the return of the SpinCo structure as part of a transaction involving the sale of all of the issued and outstanding shares of an oil and natural gas company.
April 27, 2022, 6 AM MDT
In Part 1 of this three-part series I presented the Hydrogen Council’s bullish case for global hydrogen consumption in a net zero by 2050 world, and in Part 2 the rationale for a bearish case based on new energy guru Michael Liebreich’s clean hydrogen ladder. Here, in Part 3, I will quantify a Liebreich-like bearish case in relation to the council’s bullish case, and provide what I believe to be a more pragmatic case for global hydrogen demand in 2050.
April 11, 2022, 6 AM MDT
The federal budget was released yesterday amid higher prices and inflation, ballooning debt, the war in Ukraine and the new Liberal-NDP deal. With all the uncertainty, it was an open question where the government would take fiscal policy.
April 8, 2022, 5:18 AM MDT
Ottawa released its long-awaited Emissions Reduction Plan this week. A voluminous 271 pages, the plan charts the government’s path for climate policy to 2030.
March 30, 2022, 12 AM MDT
The total enterprise value of merger and acquisition (“M&A”) transactions in the Canadian oil and natural gas industry, dropped 9 per cent in 2021 to $18.1 billion from $19.9 billion 2020.
March 30, 2022, 8:30 AM MDT
In Part 1 of this three-part series I presented the Hydrogen Council’s bullish case for global hydrogen consumption under a net-zero by 2050 scenario, including projected clean hydrogen demand by major sector and a few key industries.
March 29, 2022, 6 AM MDT
The Russian invasion of Ukraine has propelled energy security to the top of political agendas. Europe’s desire to reduce its dependence on Russian oil and gas creates opportunities for producing countries the world over, including Canada. It’s no surprise that energy companies and premiers of producing provinces are advocating that Canada can help strengthen European energy security.
March 14, 2022, 8:18 AM MDT
Russia’s invasion of Ukraine continues, and by all appearances it’s closer to a Zelensky stalemate than a quick Putin checkmate for reasons discussed in the first part of this series.
March 10, 2022, 7:41 AM MST
"Russia should be thrown back into the Stone Age to make sure that the oil and gas industry and any other sensitive industries that are vital for survival of the regime cannot function …”, said Garry Kasparov, Russian human rights activist and former world chess champion, in an interview with Reuters on March 3.
March 7, 2022, 7:54 AM MST
Russian President Vladimir Putin is widely viewed as a geopolitical grandmaster. As my son often says, it’s like Putin is playing three-dimensional chess and everyone else is playing checkers.
February 28, 2022, 6 AM MST
The concept of a global “hydrogen economy” has been floating around for decades.
February 23, 2022, 6 AM MST
The total amount of capital raised in the Canadian oil and natural gas industry in 2021 decreased slightly to $10.8 billion from $10.9 billion in 2020.
February 23, 2022, 6 AM MST
Geopolitics has tended to play a relatively minor role in crude oil price formation since the 2014-16 oil price war, with one significant exception: the highly successful drone and cruise missile attack on Saudi Arabia’s Abqaiq oil processing plant and Khurais oilfield in September 2019 (see Drone Revolution Threatens Eastern Canadian Oil Imports).
January 31, 2022, 6:01 AM MST
Every January, Sayer Energy Advisors publishes its forecast for mergers and acquisitions (“M&A”) activity in the Canadian upstream oil and natural gas industry for the upcoming year.
January 26, 2022, 6:31 AM MST
Over the past year or so I’ve been arguing that western Canadian oil and gas producers, with support from the federal and provincial governments, need to take maximum advantage of what may be the last significant price boom to prepare for a net zero world.
January 18, 2022, 6 AM MST
January 10, 2022, 9:23 AM MST
Part 1 of this two-part series showed how the recently launched Green Hydrogen Organization (GH2), as well as major environmental groups such as Friends of the Earth and Greenpeace, are attempting to thwart development of a global blue hydrogen industry.
January 5, 2022, 6 AM MST
Carbon capture, utilization and storage (CCUS) could be an important technology for reducing emissions, and Canada could be one of the best locations in the world for it.
December 14, 2021, 8:47 AM MST