While Saskatchewan’s new inactive well program is intended to stimulate all aspects of oilfield services, abandonment activities will make up the majority of the work initially.
May 26, 2020, 7:23 AM MDT
A new program to restore dormant and inactive wells, and bring support to B.C. workers in oil and gas service companies, has seen “significant interest” from applicants, the government said this morning.
May 26, 2020, 10:34 AM MDT
Saskatchewan’s newly-launched Accelerated Site Closure Program (ASCP) will prioritize Saskatchewan-based service companies, supporting approximately 2,100 full-time equivalent jobs and abandoning and reclaiming up to 8,000 inactive wells and facilities throughout the course of the program.
May 25, 2020, 10:52 AM MDT
Does intervention by Canadian governments actually de-risk pipeline projects? Trevor Tombe, associate professor of economics at the University of Calgary and a School of Public Policy research fellow, says that sometimes it can, and sometimes perhaps not so much.
May 22, 2020, 7:42 AM MDT
May 19, 2020, 8:16 AM MDT
The Keystone XL pipeline remains an important North American energy infrastructure project that will create thousands of high-quality jobs in a time of unprecedented economic uncertainty and unemployment, says TC Energy Corporation.
May 19, 2020, 10:55 AM MDT
May 15, 2020, 7:56 AM MDT
The B.C. government on Wednesday laid out its plan to clean up oil and gas sites.
May 14, 2020, 12 AM MDT
A new task force will help to develop a framework to develop a hydrogen economy in the Heartland region.
May 14, 2020, 10:26 AM MDT
Irving Oil Limited’s recent move to source western Canadian crude oil for its 320,000 bbl/d Saint John refinery, the largest in the country, using foreign tanker ships rather than rail or non-existent pipeline is nothing short of genius and an indictment on Canadian energy policy (see Irving Oil Applies To CTA For Tankers To Ship Canadian Crude To Its Saint John Refinery).
May 13, 2020, 6:23 AM MDT
With global demand for helium on the rise, industry interest in exploring Alberta’s helium potential is growing. That’s why the Alberta government has established a new royalty rate — 4.25 per cent — and structure, to help set the stage for investment, while ensuring a fair price for Albertans.
May 13, 2020, 4:04 PM MDT
A preliminary equivalency agreement between the Alberta and federal governments is expected to reduce methane emissions from Alberta’s upstream oil and gas industry by 45 per cent from 2014 levels by 2025, says the province.
May 13, 2020, 12 AM MDT
The Alberta government and the Canadian Association of Petroleum Producers (CAPP) have welcomed Monday’s announcement by the federal government of a new multi-sector bridge financing program to help large employers, although they caution the details remain to be worked out.
May 12, 2020, 6:20 AM MDT
The federal government today announced some long awaited assistance for Canada’s largest employers in all sectors, including those in the oilpatch, to help them keep from going under and to position them for a rapid economic recovery.
May 11, 2020, 11:36 AM MDT
May 7, 2020, 8:31 AM MDT
A joint initiative of industry, government, the regulator and non-profit groups has established a two-year plan to advance research on methane emissions from oil and gas activity in British Columbia.
May 5, 2020, 2:31 PM MDT
Precision Drilling Corporation expects the federally-funded $1.7 billion well abandonment and site rehabilitation program to support the well-services business quite nicely but top executives are concerned the funding does little to support the drilling side of oilfield services – a segment experiencing record lows.
May 1, 2020, 6:17 AM MDT
Being the largest service rig company in Canada, CWC Energy Services Corp. said it will be a net beneficiary of the $1.7 billion funding package to the governments of Alberta, Saskatchewan, British Columbia and the Alberta Orphan Well Association (OWA) for well decommissioning and reclamation of abandoned and inactive wells.
May 1, 2020, 6:43 AM MDT
April 30, 2020, 8:04 AM MDT
Yangarra Resources Ltd. will qualify for 75 per cent wage coverage from the federal government due to the significant reduction in revenue from 2019.
April 29, 2020, 3:53 PM MDT
April 29, 2020, 8:11 AM MDT
A $1 billion federally-funded program aimed at putting energy workers back to work immediately while accelerating well site abandonment and reclamation efforts will launch May 1 with an initial $100 million, the Alberta government said Friday.
April 27, 2020, 12 AM MDT
James Rajotte, a former Alberta Conservative Member of Parliament and telecommunications executive, will be off to Washington, D.C. May 1 to serve as Alberta’s new senior representative in Washington, D.C.
April 27, 2020, 12 AM MDT
Public health officials have been able to trace a total of 32 confirmed cases of COVID-19 across Canada that are linked to the Kearl Lake oilsands project work camp in northern Alberta, Deena Hinshaw, Alberta’s chief medical officer of health, said Wednesday.
April 23, 2020, 9:37 AM MDT
Alberta Energy says the provincial government is making progress towards reaching an equivalency agreement on methane reductions with Environment and Climate Change Canada and hopes to have a draft agreement by April 30, 2020.
April 23, 2020, 5:47 AM MDT