The total enterprise value of merger and acquisition (“M&A”) activity in the Canadian oil and natural gas industry for the first half of 2021 was approximately $11.1 billion, up 1,369% from the $754.8 million recorded in the first six months of 2020.
October 27, 2021, 6 AM MDT
Competition to be one of the last major oil producers standing in a net zero world is bound to be extremely intense. And based on economics alone, Canada doesn’t stand a chance. But economics has rarely been the sole driver for oil markets, with politics and political instability in and among major oil producers normally playing even a greater role in price formation, while helping to determine the winners and losers for market share.
October 21, 2021, 6 AM MDT
October 18, 2021, 9:46 AM MDT
October 15, 2021, 10:17 AM MDT
October 14, 2021, 6 AM MDT
The recent surge of focus on environmental, social and governance (ESG) matters by investors and other affected stakeholders has only been intensified by current public health, economic and societal crises.
October 13, 2021, 6 AM MDT
In the first part of this four-part series, the future competitive landscape was outlined for Canada’s oil producers, based on the International Energy Agency’s (IEA) net-zero emissions (NZE) scenario, our most likely competitors were identified, and the future competitive position of OPEC kingpin Saudi Arabia was explored.
October 6, 2021, 6 AM MDT
The Canadian oil industry is on the cusp of the confirmation of additional oil flowing on the Enbridge Line 3 Replacement (L3R).
October 5, 2021, 12 AM MDT
It has been nearly a year since RBN last offered up its assessment on the pricing prospects for Canadian heavy crude oil.
October 4, 2021, 6 AM MDT
A total of $5.5 billion in equity and debt was raised in the Canadian oil and natural gas industry in the first six months of 2021, down 19 per cent from the $6.8 billion over the same time period in 2020. Equity financings were up significantly year-over-year while the amount of debt raised declined.
September 29, 2021, 6 AM MDT
Chief executive officers of a basket of Canadian gas producers received similar total compensation in 2020 compared to 2019, according to new analysis by CanOils of Canadian CEO compensation.
September 24, 2021, 8:39 AM MDT
Canada’s oilsands producers, with their long-life, low-decline mega-resource, hope to be some of the last oil producers standing in a net zero world. How plausible is that given oilsands’ relatively high cost of production and carbon intensity compared to output from other major oil producers around the globe?
September 23, 2021, 6 AM MDT
Canadians woke up yesterday to much the same picture in Parliament as they did when they went to bed: a minority Liberal government with the Conservatives in official opposition, and both the Bloc and NDP holding the balance of power.
September 22, 2021, 12 AM MDT
Part I of this series noted that Canadians’ appetite for climate action has grown over the last year, but that their confidence the country can actually reduce emissions is weak. Many see governments as part of the problem, not the solution.
September 16, 2021, 12 AM MDT
Hydrogen is attracting a lot of attention. And for good reason. As a clean energy carrier, hydrogen is going to play an important role for countries to help achieve their net zero goals. Over the past couple of years, governments have released hydrogen-specific policies. Canada released its hydrogen strategy last December.
September 14, 2021, 12 AM MDT
Climate change will be a key topic in the leaders’ debates this week. All major parties have put forward climate plans (see Part II of this series) and their leaders will surely duke it out on climate at the debates. What do Canadians think? How much do they want climate action? How confident are they Canada can reduce emissions?
September 7, 2021, 6 AM MDT
What a difference two years makes! During the 2019 federal election campaign the Canadian oilpatch still hung on the hope of a Conservative Party victory saving it from the Trudeau government’s climate change agenda.
August 31, 2021, 8:56 AM MDT
Helium may only be a niche commodity, and a rather opaque one at that, but the noble gas may be the perfect play to help diversify Western Canada’s economy.
August 9, 2021, 6 AM MDT
In Could Canada Miss The Hydrogen Export Bus? I argued that Alberta and Quebec, the two provinces with the greatest clean hydrogen aspirations, needed to get moving now to secure a significant share of their most plausible export markets in the more distant future — California and the U.S. Northwest for Alberta and the U.S. Northeast for Quebec.
July 26, 2021, 6 AM MDT
Despite some positive developments with LNG projects in B.C., the future of this industry in the province is a bit murky.
July 5, 2021, 6:32 AM MDT
A trend that we have witnessed during the recent wave of consolidation in the Canadian oil and natural gas industry is a significant number of privately-held oil and natural gas companies achieving liquidity by selling to publicly-traded companies for shares.
June 30, 2021, 6:57 AM MDT
Some of you readers may have noticed that I focus many of my articles towards Alberta. It’s not as if I have anything against the other major energy producing and exporting provinces in Canada — beautiful British Columbia and Quebec; and salt of the earth Saskatchewan and Newfoundland & Labrador. It’s simply a case of being a proud Albertan, concerned about the fate of our province.
June 21, 2021, 12 AM MDT
For many energy executives, market uncertainty is transforming capital spending planning from an annual process with quarterly updates to an exercise that plays out in real-time so that funds can be swiftly redeployed for greatest impact.
June 16, 2021, 6 AM MDT
ESG is the acronym for environmental, social, and (corporate) governance, the three distinct categories that have become mainstream with an investment community that is looking to invest in sustainable or socially responsible enterprises. What started as a niche investment strategy, sustainable/ESG-led investments have grown exponentially over the last few years.
June 15, 2021, 6 AM MDT
In Part 1 of this two-part series, I explored the International Energy Agency’s (IEA) recently released Net-Zero Emissions (NZE) scenario, a worst-case scenario for Alberta.
May 27, 2021, 6 AM MDT