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
Canadian output is forecast to average 5.9 million bbls/d in the second half of the year, bringing the annual average to 5.7 million bbls/d, up 150,000 bbls/d year-over-year, the International Energy Agency (IEA) noted in its monthly oil report.
August 11, 2022, 12 AM MDT
High oil and gas prices continue to stifle market activity when it comes to E&P deal-making.
August 9, 2022, 12 AM MDT
While the hydrogen economy can play a vital role in Canada’s pursuit of decarbonization, it needs the talent and training to make it go.
July 19, 2022, 12 AM MDT
Total oil volumes from non-OPEC+ countries rose by 350,000 bbls/d in June to 47.9 million bbls/d, thanks to increased output from the U.S. and Canada and seasonally higher biofuels production, the International Energy Agency (IEA) stated in its monthly oil report for July.
July 13, 2022, 12 AM MDT
Shareholders of U.S and Canadian oil and gas producers continue to benefit from record levels of free cash flow across the upstream sector.
July 12, 2022, 12 AM MDT
A new report builds the case that it makes sense for Canada’s second hydrogen hub to set up near Medicine Hat.
July 8, 2022, 10:49 AM MDT
The province sold 22,700 hectares of P&NG leases and licenses bringing in $9.61 million in the June 29 land sale. Additionally, 704 hectares of oilsands leases sold for 268,000 in this sale.
July 7, 2022, 2:11 PM MDT
A significant leap in operating cash flow in Q1 2022 allowed oil and gas producers across the U.S. and Canada to enjoy record levels of free cash flow — again.
July 6, 2022, 12 AM MDT
Higher oil and gas prices, coupled with new players with new development ideas, are driving renewed interest in the Duvernay shale.
July 5, 2022, 6 AM MDT
Current red tape faced by industry is limiting its ability to meet government-imposed emissions reductions targets, says a new report.
June 23, 2022, 12 AM MDT
Canadian oil supply is expected to top six million bbls/d in 2023, with output climbing in the back half of 2022 and into the new year, the International Energy Agency (IEA) reported in its June Oil Market Report.
June 15, 2022, 12 AM MDT
At all levels, Canadian governments should pay attention to ESG matters, which intersect with the duties to protect people, society and the environment, while also influencing business and investment attraction, as well as impacting a government’s credit rating and borrowing costs, says a newly-released Canada West Foundation (CWF) report.
June 2, 2022, 6 AM MDT
The number of new Alberta natural gas wells placed on production in 2021 increased by 34 per cent year-over-year to 789 as strong prices and increased demand resulted in a solid growth in capital spending on natural gas and liquids-rich targets, says the Alberta Energy Regulator (AER).
June 1, 2022, 12 AM MDT
The Alberta Energy Regulator (AER) says demand for diluents means pentanes-plus production is projected to grow over a forecast period to 2031, reaching a high of 483,000 bbls/d by 2031 as producers continue targeting the liquids-rich Montney, Upper Mannville and Duvernay formations.
June 1, 2022, 7:27 AM MDT
After encountering significant challenges due to the global COVID-19 pandemic in 2020, the oil and gas industry in Alberta rebounded in 2021 and that momentum will continue this year, says the Alberta Energy Regulator (AER) in its ST98: Alberta Energy Outlook released Monday.
May 31, 2022, 4:41 AM MDT
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