The natural gas price benchmark of AECO remains very much at the forefront when considering the sentiment surrounding the natural gas industry in Western Canada.
January 14, 2021, 7:49 AM MST
Determining a 2021 price outlook for Canada’s prime natural gas benchmark of AECO might well be summed up by paraphrasing Shakespeare’s Hamlet: “To TSP or not to TSP? That is the question.”
January 5, 2021, 12 AM MST
The hard hit western Canadian oilsands industry has seen some rays of sunshine in recent weeks, after suffering a downpour over much of the past six years. Unfortunately, this is no more than the calm before a far more powerful storm. As a result, oilsands producers should use this respite to better position themselves for long-term survival, not party like it’s New Year’s Eve 2013.
December 22, 2020, 6 AM MST
There has been a flurry of funding announcements provincially and federally for emissions reduction projects. How can companies navigate this obstacle course to maximize benefits from these opportunities?
December 17, 2020, 12 AM MST
The world is moving quickly towards a low carbon future that has the power to transform Canada’s energy economy, but the country needs to act quickly if it is going to benefit from this shift.
December 10, 2020, 7:14 AM MST
Canada is at an economic crossroads.
December 9, 2020, 12 AM MST
Economic prosperity is a privilege, not a right.
November 30, 2020, 6 AM MST
Heavy crude oil production in Western Canada is currently in something of a state of limbo.
November 26, 2020, 12 AM MST
The amount of Canadian oil and natural gas assets publicly available for sale is down roughly 75 per cent from this time last year.
November 25, 2020, 6:44 AM MST
The Kenney government deserves credit for developing a strategy in an attempt to boost markets for natural gas produced in Alberta. The gas industry has long been an important contributor to our economy, and as recently as fifteen years ago, prior to the U.S. Shale Gas Revolution, dominated provincial royalties from non-renewable resources.
November 23, 2020, 6 AM MST
Whether you like it or not, heavy oil supplies in Western Canada have become the bread and butter of the Canadian oil industry.
November 16, 2020, 6 AM MST
After a tense few days, Democrat Joe Biden has been declared president-elect of the United States. While the results will no doubt be contested by President Donald Trump in the weeks and months to come, it seems clear that Biden is headed for the White House.
November 9, 2020, 8:32 AM MST
Many Canadians, including some leading key Canadian economic sectors, may view the advent of a Biden presidency, coupled with Democratic control of the U.S. Congress, as a welcome return to “normalcy.”
October 28, 2020, 10:45 AM MDT
In the first half of 2020, the total enterprise value of merger and acquisition (“M&A”) activity in the Canadian oil and natural gas industry plummeted 86 per cent to $748.7 million from $5.3 billion recorded in the first half of 2019.
October 28, 2020, 6 AM MDT
Only rarely do I read an article and think to myself, damn, I wish I wrote that. But, in late September, Eric Reguly, a business and economics columnist for The Globe and Mail, wrote an article entitled “Canada needs a new breed of corporate champion, and clean energy is the place to look,” which I wish I had written, and will borrow from here with appropriate attribution.
October 26, 2020, 6 AM MDT
The Daily Oil Bulletin published several articles about the International Energy Agency’s World Energy Outlook 2020, its latest long-term scenarios, when released on Oct. 13. And by simply glancing at their titles I knew which one of them would be the most read — IEA Warns That Ample Global Crude Supply ‘Should Not Be Taken For Granted’ — although I must admit to being surprised it only came in second place among all the articles published in DOB that day.
October 15, 2020, 7:32 AM MDT
A total of $6.7 billion in equity and debt was raised by the Canadian oil and natural gas industry in the first six months of 2020, up 145 per cent from the $2.7 billion recorded over the same time period in 2019. Debt financings were up significantly year-over-year while the amount of equity raised declined.
September 30, 2020, 6 AM MDT
The halcyon days for Alberta oil and gas are over, the oilsands boom is dead, and it’s time for the provincial government to accept this new reality — rather than burying its head in the sand and/or fruitlessly fighting it — and adjust to make the best of an otherwise bad situation.
September 29, 2020, 8:35 AM MDT
When it comes to energy and climate, the highly anticipated Speech from the Throne was a bit of a letdown.
September 25, 2020, 12 AM MDT
Debt levels spiked among E&P companies during Q2 according to the latest analysis by the U.S. Energy Information Administration (EIA), illustrating the immediate impact of reduced oil demand and prices on the sector.
September 24, 2020, 7:54 AM MDT
The value of asset impairments recorded by under-pressure North American upstream producers exceeded $100 billion during the first half of this year, due primarily to pandemic-related drops in oil demand and per-bbl prices.
September 21, 2020, 8:57 AM MDT
Decades ago, it might have seemed a little unbelievable that in the futuristic-sounding year of 2020, our economic engines would still mainly be powered by fossil fuels.
September 16, 2020, 10:55 AM MDT
The Alberta government has had a long and generally dismal record of diversifying away from oil and gas since the oil price shocks of the 1970s made the industry the cornerstone of the provincial economy. One of the few successes has been petrochemicals, whereas the most costly failures include a cellphone company, hazardous waste treatment plant, a pulp mill and a magnesium smelter.
September 10, 2020, 10:12 AM MDT
Joe Biden, the Democratic Party nominee for the U.S. presidency, upped the ante for his Clean Energy Revolution yet again on August 11, by selecting California Senator Kamala Harris as his running mate. Harris is a hardcore backer of the Green New Deal — and supporter of a fracking ban as well — having sponsored a draft legislative proposal related to it with Democrat firebrand Alexandria Ocasio-Cortez, the first-term House Representative from New York State.
August 26, 2020, 7:33 AM MDT
Every day we see breathless articles about the emerging Energy Transition — the change from today’s hydrocarbon-dominated energy economy to a future where renewables and other low-emission technologies will power our world. Goals are being set to be “carbon neutral” or “100 per cent renewable” by 2050, 2040, or even sooner.
August 24, 2020, 6 AM MDT