The strongest of three scenarios in BP plc’s Energy Outlook 2023 Edition has oil consumption remaining close to 100 million bbls/d through much of this decade. Reflected in the outlook’s New Momentum scenario, this rate then declines gradually to around 75 million bbls/d by 2050.
January 30, 2023, 10:26 AM MST
The Government of Canada should “reduce the length of approval processes for projects that are compatible with net-zero to ensure they are working towards, not against, emissions targets and net-zero competitiveness goals,” the Net-Zero Advisory Body (NZAB) stated in its annual report to the federal government.
January 27, 2023, 9:20 AM MST
British Columbian oil and gas operations spent $4.7 billion on B.C. businesses from 2018 to 2021.
January 25, 2023, 6 AM MST
British Columbia’s carbon capture and storage management plans have moved one step closer to reality with the release of a new atlas that maps out the storage potential in the province’s portion of the Western Canadian Sedimentary Basin.
January 23, 2023, 12 AM MST
British Columbia’s natural gas and oil industry’s supply chain is a major contributor to the economies of municipalities and Indigenous nations in every corner of the province, says a new report.
January 20, 2023, 9:34 AM MST
A conceptualized trilateral agreement between Canada, the U.S., and Mexico could help stimulate investment in low-carbon energy resources across the three countries, says a report.
January 19, 2023, 6 AM MST
Global oil demand is set to rise by 1.9 million bbls/d in 2023, to a record 101.7 million bbls/d, with nearly half the gain from China following the lifting of its COVID restrictions, the International Energy Agency (IEA) noted in its first monthly oil report of 2023.
January 18, 2023, 12 AM MST
More than 66 years of British Columbia’s greenhouse gas emissions could potentially be stored in formations in northeastern B.C., according to new research by Geoscience BC.
January 17, 2023, 10:30 AM MST
About six in 10 Canadians agree or somewhat agree that Canada should expand oil and gas exports to help the world have more secure and reliable energy supplies, according to a new survey.
January 9, 2023, 6 AM MST
A new report from the C.D. Howe Institute refutes the conventional narrative that the oilsands are a high-cost resource to develop, instead concluding that they have a cost advantage over conventional production.
December 20, 2022, 8:54 AM MST
World oil supply fell 190,000 bbls/d in November to 101.7 million bbls/d, breaking a five-month uptrend, after Saudi Arabia and other Gulf countries curbed supply in line with lower OPEC+ output targets.
December 14, 2022, 12 AM MST
Oil demand growth will slow to 1.6 million bbls/d in 2023, down from 2.1 million bbls this year, the International Energy Agency (IEA) stated in its November oil market report today, as mounting economic headwinds impede gains.
November 15, 2022, 12 AM MST
The Global Status of CCS 2022 report, released by the Global CCS Institute today, notes that a record high of 196 commercial CCS facilities are in the “project pipeline,” including 30 projects in operation, 11 under construction, and 153 in development.
October 17, 2022, 12 AM MDT
Canadian supply rose by 20,000 bbls/d in August to 5.8 million bbls/d, the International Energy Agency (IEA) noted this morning in its monthly report on the oil market.
October 13, 2022, 12 AM MDT
Canadian operators are enjoying record levels of free cash flow in 2022, dramatically increasing operational flexibility.
October 6, 2022, 6 AM MDT
As of December 2021, British Columbia does not yet have an operating dedicated carbon capture utilization and storage (CCUS) project, however, “significant interest” has been shown by a variety of proponents, said the B.C. Oil and Gas Commission (OGC) in a new report.
September 29, 2022, 1:47 PM MDT
The Montney continues to dominate drilling activity, production, and reserves growth in British Columbia, noted a new report by the B.C. Oil And Gas Commission (OGC).
September 29, 2022, 1:34 PM MDT
The Canadian Association of Energy Contractors (CAOEC) says as its members move forward with the deployment of emissions reduction technologies, “we will set a global standard and a road map for developing sustainable resources, building upon our record as the world’s premier energy supplier of choice.”
September 26, 2022, 9 AM MDT
The federal government released a report today, Faster and Further: Canada's Methane Strategy.
September 23, 2022, 9:57 AM MDT
A new technology roadmap by Emissions Reduction Alberta (ERA) says future fuels are estimated to see 25 to 30 per cent investment through the organization, while carbon sequestration could land 15 to 25 per cent investment.
September 14, 2022, 9:35 AM MDT
Growth in global oil demand continues to decelerate, weighed down by renewed Chinese lockdowns and an ongoing slowdown in the OECD, the International Energy Agency (IEA) noted in its latest monthly report on the oil market released on Sept. 14.
September 14, 2022, 12 AM MDT
Canadian August output increased: IEA.
September 14, 2022, 12 AM MDT
September 7, 2022, 10:43 AM MDT
September 7, 2022, 10:47 AM MDT
Western Canada possesses an abundance of CO2 storage opportunities.
August 24, 2022, 7:33 AM MDT