Canadian supply is estimated to have increased modestly in August.
September 14, 2021, 12 AM MDT
Global oil demand is estimated to have declined for three straight months due to a resurgence of COVID-19 cases in Asia. As a result, Q3 2021 has been revised down by 200,000 bbls/d since last month’s Oil Market Report, said the International Energy Agency (IEA) this morning in its September report on the oil market.
September 14, 2021, 12 AM MDT
Increased well closure activity due to the Site Rehabilitation Program (SRP) and other financial incentives helps create and sustain thousands of jobs across the province, while also contributing to responsible resource development, says a newly-released PetroLMI report, which also suggests the SRP is contributing to OFS worker shortages.
September 10, 2021, 3:58 PM MDT
Canadian supply is estimated to have risen, the IEA reported.
August 12, 2021, 12 AM MDT
Global oil demand surged by 3.8 million bbls/d month-on-month in June, led by increased mobility in North America and Europe, reported the International Energy Agency (IEA) in its August Oil Market Report.
August 12, 2021, 12 AM MDT
Natural Resources Minister Seamus O'Regan has issued a new call for expressions of interest to support CCUS across the country.
August 9, 2021, 8:37 AM MDT
Surging demand for lithium-ion batteries to power electric vehicles (EVs) and for energy storage applications could drive major economic growth across Canada, says a new report from the Battery Metals Association of Canada (BMAC).
July 28, 2021, 10 AM MDT
On Thursday, Strathcona Resources Ltd. said it completed a strategic acquisition of Montney assets in the Resthaven area.
July 23, 2021, 5:09 AM MDT
A series of high value mergers in the U.S. Permian Basin led to a sharp increase in global upstream deal value in Q2, according to Evaluate Energy’s latest quarterly M&A report.
July 21, 2021, 6 AM MDT
The country’s energy sector is making tremendous progress in reducing emissions as companies continue to invest significantly in the clean-technology sector and knowledge sharing across the industry, says a newly-released report by the Canadian Association of Petroleum Producers (CAPP).
July 21, 2021, 11 AM MDT
All the moments of great turmoil in global energy in the last century pale in comparison to the events of last year, when a global pandemic crushed oil demand, sparked the largest global recession since the Second World War and set carbon emissions back to 2011 levels, said BP plc in its annual Statistical Review of World Energy.
July 8, 2021, 4:10 PM MDT
Even after controlling for the collapse in economic activity predicated by COVID-19, the decline in global energy demand in 2020 was close to twice the size of the predicted fall of 2.5 per cent at 4.5 per cent, with the drop in oil demand leading the way, BP plc says in its Statistical Review of World Energy 2021 released this morning.
July 8, 2021, 9:41 AM MDT
Global natural gas consumption decreased by 2.3 per cent in 2020, similar to the fall seen in 2009 during the financial crisis, but proved to be far more resilient than crude which fell by an unprecedented 9.3 per cent, BP plc says in its Statistical Review of World Energy 2021.
July 8, 2021, 10:53 AM MDT
June 30, 2021, 6:38 AM MDT
Early 2021 saw revenues and operating cash flow soar in the North American oil and gas industry.
June 28, 2021, 8:32 AM MDT
Pipeline incidents in the province continue to decline, according to the Alberta Energy Regulator (AER) in its newly-released annual Pipeline Performance Report, which it updated to include incident data for 2020.
June 23, 2021, 6:21 AM MDT
Federal, provincial and territorial governments should develop common emissions-coverage pricing standards to support effectiveness and address competitiveness and fairness issues — that is the first of five recommendations the Canadian Institute for Climate Choices makes in its newly-released review of carbon pricing in Canada.
June 14, 2021, 3:46 PM MDT
Canadian oil supply is set to climb to a record high in the second half of 2021, the International Energy Agency (IEA) noted in its latest oil market report released this morning.
June 11, 2021, 12 AM MDT
Global oil demand is set to return to pre-pandemic levels by the end of 2022, rising 5.4 million bbls/d in 2021 and a further 3.1 million bbls/d next year, the International Energy Agency (IEA) noted in its latest oil market report released this morning.
June 11, 2021, 12 AM MDT
While COVID-19 significantly impacted Canada’s oil industry, with production cut by almost a million bbls/d in May of last year, both oil production and pipeline usage have largely recovered to pre-pandemic levels, says a newly-released report by the Canada Energy Regulator (CER).
June 9, 2021, 10:40 AM MDT
Researchers have gained valuable insights into the movement and measurement of natural gas in the shallow subsurface, as well as assessments of impacts to groundwater, using a custom-built field station in British Columbia’s northeast region.
June 9, 2021, 11:11 AM MDT
The First Nations Major Projects Coalition (FNMPC) this morning released a Roadmap to Investing in Canada: Indigenous Inclusion in ESG report.
June 8, 2021, 9:13 AM MDT
In the absence of a larger shift to policies that reduce oil consumption, the Alberta Energy Regulator (AER) says it’s too early to foresee a rapid decline in oil demand negatively impacting prices.
June 2, 2021, 10:04 AM MDT
After a decline in 2018 and 2019, average daily production of marketable natural gas in Alberta stabilized in 2020 at 10.2 bcf/d, the Alberta Energy Regulator (AER) says in its annual ST98 report.
June 2, 2021, 10:48 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
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