The National Energy Board (NEB) said it is taking steps to address a request from federal Natural Resources Minister Amarjeet Sohi who is seeking board advice on how to optimize oil transportation capacity on existing pipelines and rail.
December 10, 2018, 10:23 AM MST
Alberta is creating a LNG Investment Team to work directly with industry on reducing barriers for securing final investment decisions on export projects that will increase the value of Alberta’s natural gas resources, the government announced this morning.
December 10, 2018, 11:13 AM MST
December 10, 2018, 9:20 AM MST
December 10, 2018, 3:31 AM MST
A continued and enhanced focus on reducing methane emissions from natural gas operations and a push to increase industrial and upstream electrification are among the initiatives in British Columbia’s updated climate change plan most affecting the oil and gas industry.
December 6, 2018, 9:19 AM MST
December 6, 2018, 3:51 AM MST
The Saskatchewan government announced plans for a Waterflood Development Program, which will incentivize the conversion of producing wells into waterflood injection wells or the drilling of new dedicated waterflood injection wells.
December 5, 2018, 11:04 AM MST
Edmonton, Regina — On Dec. 2, Alberta Premier Rachel Notley announced that her province would be temporarily curtailing oil production by 325,000 bbls/d to address the province’s current storage glut, a result of insufficient takeaway capacity via pipelines. The result has been oil prices for Western Canadian Select so low the province’s energy resources are “being sold for pennies on the dollar,” according to the premier.
December 4, 2018, 8:16 AM MST
While Alberta Premier Rachel Notley’s decision to curtail crude output should help narrow differentials in the relative short term, it has also struck a divisive chord within the province’s exploration and production sector.
December 3, 2018, 10:56 AM MST
The Alberta government is mandating a short-term reduction in oil production.
December 3, 2018, 3:20 AM MST
Short-term oil production curtailments could provide the kind of predictability and stability that would allow industry players to keep people employed “because they can see a light at the end of the tunnel,” says Alberta Premier Rachel Notley.
December 3, 2018, 4:29 AM MST
December 3, 2018, 7:17 AM MST
December 3, 2018, 9:23 AM MST
December 3, 2018, 9:24 AM MST
The Alberta government is forecasting higher non-renewable resource revenue than budgeted for 2018/2019, although it noted in a fiscal Q2 update this morning that the differential crisis is weighing on the economic outlook.
November 30, 2018, 11:03 AM MST
November 30, 2018, 3:55 AM MST
November 30, 2018, 12 AM MST
The Saskatchewan government is forecasting a wider differential and higher production than budget, according to its mid-year report released today.
November 29, 2018, 8:20 AM MST
Given the dire situation for producers brought on by the differential crisis, United Conservative Party (UCP) leader Jason Kenney this afternoon called on the Alberta government to “act immediately” to introduce mandatory curtailment of 10 per cent of Alberta’s oil production.
November 28, 2018, 1:49 PM MST
Federal Finance Minister Bill Morneau was asked during a question-and-answer session this afternoon whether Canadians understand the importance of the oil and gas industry to the country, and of the dire situation given the price differential.
November 28, 2018, 3:15 AM MST
The B.C. government says it is supporting the federal government in court action brought by the Saskatchewan and Ontario governments, challenging Ottawa’s carbon tax.
November 27, 2018, 9:42 AM MST
B.C.’s expected gas royalty forecast has fallen by $44 million thanks mainly to lower natural gas prices.
November 26, 2018, 10:36 AM MST
Canada’s largest oil and gas industry lobby group was unceremoniously shut out of a meeting between Prime Minister Justin Trudeau and top level energy sector officials yesterday.
November 23, 2018, 10:48 AM MST
The Canadian Association of Oilwell Drilling Contractors (CAODC) in early December will be tabling with the provincial government proposed reforms to regulations that the group says wouldn’t result in additional risk.
November 23, 2018, 3:43 AM MST
If the federal government isn’t prepared to help the Alberta government buy rail cars to help get oil to market, the province is prepared to go it on its own, Alberta Premier Rachel Notley said Thursday.
November 23, 2018, 3:33 AM MST