Precision Drilling Corporation anticipates increased demand for services and improved fleet utilization in 2022 as customers seek to maintain production levels and replenish inventories at currently high commodity-price levels, as inventories of drilled-but-uncompleted wells have depleted over the past several years.
April 28, 2022, 6:38 AM MDT
While much rests on the shoulders of the energy industry in the movement to combat climate change, the government plays a pivotal role in creating certainty among investors, says a policy expert.
April 27, 2022, 6:15 AM MDT
Cenovus Energy Inc.’s top executive says discussions are ongoing between the Oil Sands Pathways to Net Zero Alliance and the federal government to determine how the recently announced investment tax credit (ITC) for carbon capture projects will be implemented and eventually rolled out.
April 27, 2022, 4 PM MDT
Given that the construction industry is one of the planet’s biggest carbon emitters, decarbonizing its most used material — concrete — is vital to reaching net zero greenhouse gas emissions.
April 27, 2022, 5:45 AM MDT
Yangarra Resources Ltd. continues to reduce the impact of non-producing wells on the overall valuation of the company and has $1.1 million of expenditures remaining to completely abandon and reclaim all standing wells in the company.
April 27, 2022, 3:36 PM MDT
Ionada Carbon Solutions Limited announced an equity investment from NGIF Cleantech Ventures.
April 27, 2022, 8:58 AM MDT
Natural gas-powered electrification is being touted as an effective way to reduce emissions for companies on-site.
April 26, 2022, 12 AM MDT
Even as much of the world is clamping down on emissions of the powerful greenhouse gas methane, much remains unknown about its sources.
April 25, 2022, 6 AM MDT
Kinder Morgan, Inc. has joined a collaboration with Cheniere Energy, Inc., several other midstream operators, methane detection technology providers and leading academic institutions on a project focused on quantifying, monitoring, reporting and verifying (QMRV) greenhouse gas (GHG) emissions associated with the operation of natural gas gathering, processing, transmission, and storage systems.
April 21, 2022, 6:18 AM MDT
The Clean Resource Innovation Network (CRIN) has now entered the contracting phase for the portfolio of identified projects slated to receive a total of up to C$80 million to accelerate solutions toward commercialization that will significantly address priority environmental and economic challenges faced by Canada’s oil and gas sector.
April 20, 2022, 8:27 AM MDT
Canada has pledged to reduce methane emissions from the oil and gas sector by 75 per cent in its new reduction emissions plan. The federal government said it will work with industry and partners to meet the target.
April 19, 2022, 7:46 AM MDT
Establishing a $15 billion Canada Growth Fund to attract private sector investment is positive in that this provides another source of funding directed at meeting national economic policy goals, says former cabinet minister Lisa Raitt, but the federal government likely also faces challenges with a public program of this nature.
April 13, 2022, 12 AM MDT
Some $125 trillion in investment is needed to transform the global economy to achieve net zero by 2050 and avoid the worst impacts of climate change, about $32 trillion of which is going to be required to be spent by 2030, according to the ESG Global Advisors CEO.
April 13, 2022, 12 AM MDT
Canada has an opportunity to go from climate action laggard to leader with its new climate action plan, suggests Natural Resources Minister Jonathan Wilkinson.
April 12, 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
Once a carbon capture, utilization and storage (CCUS) leader, Canada is falling behind other jurisdictions like the U.S. in implementation despite having one of the best tools in the toolbox for incentivizing CCUS: a relatively high carbon tax.
April 7, 2022, 8:18 AM MDT
The federal government has staked a large share of its greenhouse gas emissions reductions on a long fought for carbon tax. At the COP26 UN Climate Change Summit, Prime Minister Justin Trudeau also urged world leaders to impose a global price on carbon by 2030.
April 7, 2022, 10:30 AM MDT
When the Canadian federal budget is released this week, royalty companies will have their eye on any support for techniques that help energy companies reduce carbon emissions.
April 6, 2022, 5:03 PM MDT
The federal government announced plans to develop guidance that will require proponents of new oil and gas production projects subject to a federal impact assessment to demonstrate that they will have "best-in-class" low-emissions performance.
April 6, 2022, 2:53 PM MDT
Qube Technologies Inc. says that ConocoPhillips will pilot Qube’s emissions monitoring technology at facilities across multiple basins within the continental U.S.
April 5, 2022, 9:38 AM MDT
While biochar is presently well-used in agriculture, horticulture and tree care, a Calgary company thinks it has a growing future in the energy sector as well.
April 4, 2022, 6 AM MDT
The federal government announced a combined investment of over $7.5 million to four organizations in Alberta that are advancing emerging clean technologies.
April 4, 2022, 11:10 AM MDT
Suncor Energy Inc. says it will strengthen its focus on hydrogen and renewable fuels to accelerate progress towards its objective to be a net-zero company by 2050.
April 4, 2022, 7:38 PM MDT
April 4, 2022, 12 AM MDT
April 4, 2022, 12 PM MDT