Over the past several years the federal government has been investing to build businesses all along the critical minerals value chain in an attempt to seize what it views as a “generational opportunity” to create “significant wealth and sustainable jobs in every region of the country” to make “Canada a clean energy and technology supplier of choice in a net-zero world.”
May 2, 2023, 6 AM MDT
Oil and gas production will be needed for years to come — but who will run the rigs and work the wells?
April 27, 2023, 8:33 AM MDT
Recently, we have seen a number of privately-held oil and natural gas companies emerge as active buyers of oil and natural gas assets.
April 26, 2023, 6 AM MDT
With a resurgence of drilling across the Western Canadian Sedimentary Basin we continue to see growth in both oil and gas production. This insight will look at the top performing wells in key formations: Montney, Duvernay, Clearwater and Charlie Lake.
April 25, 2023, 8:50 AM MDT
Transforming Canada’s energy system and broader economy to net zero requires unprecedented investment in innovation, energy infrastructure and industrial processes. McKinsey pegs the capital cost at over a trillion dollars to 2050, with half a trillion needed before 2030.
April 25, 2023, 6 AM MDT
Investment in renewables and clean energy technology is at an all-time high and climbing fast.
April 20, 2023, 6 AM MDT
Global upstream oil and gas investment fell from a peak of just under $900 billion in 2014 to less than $400 billion in 2021, according to the annual Gas Market Report of the Gas Exporting Countries Forum (GECF).
April 19, 2023, 6 AM MDT
In the April 5 land sale, the province sold 109,222 hectares of P&NG leases and licences for a total bonus of $25.67 million. In addition, 9,876 hectares of oilsands leases sold for $1.89 million.
April 10, 2023, 9:05 AM MDT
New supply and demand models released by oil and gas firms show that the LNG trade could become increasingly important over the next two decades as countries shift focus to energy security over emissions management.
April 5, 2023, 10:23 AM MDT
The Alberta Energy Regulator (AER) has defined in the Carbon Sequestration Agreement the pore space by zone that has been approved to be studied for each of the proposed carbon hub projects. The specific saline aquifers are highlighted on the map below and tied to the specific carbon hub projects.
April 4, 2023, 8:50 AM MDT
New modelling by the Energy Information Administration (EIA) shows that the U.S. will make significant progress in emissions reduction thanks to the passing of the Inflation Reduction Act (IRA). But because the U.S. will remain a net exporter of natural gas and oil until 2050 under most scenarios, there will be a limited impact on upstream gas production.
March 30, 2023, 9:53 AM MDT
The total enterprise value of merger and acquisition (“M&A”) transactions in the Canadian oil and natural gas industry dropped 15 per cent in 2022 to $15.5 billion, from $18.1 billion 2021.
March 29, 2023, 6 AM MDT
In the March 22 land sale, the province sold 31,360 hectares of P&NG leases and licences bringing in $40.31 million. In addition, 1,280 hectares of oilsands leases sold for $0.27 million.
March 27, 2023, 8:59 AM MDT
U.S. LNG exports played a leading role meeting Europe’s urgent demand for natural gas after the EU curtailed Russian imports in 2022 following its invasion of Ukraine.
March 23, 2023, 8:22 AM MDT
As of March 7, 2023, 2,512 wells in the Western Canadian Sedimentary Basin are on confidential status. Within this category, the largest group of wells is located in the Clearwater formation with 461 wells. (The Montney follows in a close second with 392 wells.)
March 21, 2023, 9:30 AM MDT
Global coal demand increased in 2022 as countries looked for affordable, secure energy supply after Russian oil and gas exports were curtailed due to its Ukraine invasion.
March 20, 2023, 8:28 AM MDT
Chevron Corporation is cementing its position in LNG markets while working with customers on a future pivot to hydrogen once transportation technology is commercially available.
March 16, 2023, 6 AM MDT
The federal government’s climate plans hinge on rapidly building an unprecedented quantity of new energy infrastructure. There is growing recognition and concern that Canada lacks the policy and regulatory frameworks to enable the country to build enough fast enough.
March 14, 2023, 12 AM MDT
At the March 8 land sale, the province sold 25,658.4 hectares of P&NG leases and licences, bringing in $22.04 million. Additionally, 1,856 hectares of oilsands leases sold for $0.53 million. This brings the total cumulative bonus paid to-date for the year in Alberta to $82.06 million.
March 13, 2023, 6 AM MDT
The war in Ukraine has resulted in a structural change in global LNG markets.
March 9, 2023, 8:33 AM MST
The Blueberry River First Nations (BRFN) and B.C. government announced a historic agreement in January setting out a framework that guides future industrial development on BRFN traditional land claims.
March 8, 2023, 9:30 AM MST
The LNG market faces big decisions over the next few years. Shell plc’s latest LNG outlook sees demand reaching 650 to 700 million tonnes per year by 2040. The firm said clearly that more investment in liquefaction projects is needed to avoid a supply-demand gap it expects to emerge by the late 2020s.
March 2, 2023, 12 AM MST
After a mild winter, the European Union is already starting to think about where its gas will come from later in the year. The bloc will be looking west, and the U.S. and Canada will be happy to gain some exposure to global LNG prices.
February 23, 2023, 6 AM MST
The total amount of capital raised in the Canadian oil and natural gas industry in 2022 decreased 75 per cent to $2.7 billion from the $10.8 billion recorded in 2021.
February 22, 2023, 6 AM MST
European super-majors were faster out of the blocks on the energy transition than their U.S. counterparts — but were they too fast?
February 15, 2023, 6:31 AM MST