Global oil demand growth will be pinched post-2030 and shale output from the United States is set to stay higher for longer than previously projected, reshaping global markets, trade flows and security, the International Energy Agency (IEA) says in its World Energy Outlook 2019.
November 13, 2019, 9:56 AM MST
Over the next two decades, global demand for natural gas grows more than four times faster than demand for oil, the International Energy Agency (IEA) says in its World Energy Outlook 2019
November 13, 2019, 11:39 AM MST
Is the Clearwater going to be the next Big Oil Play in the WCSB? Early entrants recognized a missed pay opportunity in the cyclic shoreline/deltaic deposits.
November 6, 2019, 6 AM MST
Evaluate Energy’s latest global M&A review shows how easing oil prices prompted a sluggish response among upstream M&A dealmakers in Q3 2019. The quarter saw just US$31 billion in new deals agreed – a 66 per cent drop on Q2 2019 and a 36 per cent decline compared to Q3 2018. The total also stands 21 per cent lower than the average quarterly spend of US$40 million over the past five years.
October 31, 2019, 5:22 AM MDT
Members of the Canadian Energy Pipeline Association (CEPA) who operate a combined 121,000 kilometres of pipeline reported 19 incidents on their rights-of-way in 2018, says the association in its latest report on performance.
October 30, 2019, 8:16 AM MDT
Canadian oil supply held largely steady in August at 5.6 million bbls/d, the International Energy Agency (IEA) reported, as higher output of raw bitumen was offset by lower production of synthetic crude.
October 11, 2019, 8:46 AM MDT
For the second year in a row, solution gas conservation increased for both crude bitumen and crude oil batteries in 2018 despite higher production, says a new report from the Alberta Energy Regulator (AER).
October 8, 2019, 1:25 PM MDT
Women continue to be outnumbered on corporate boards and executive positions particularly in the oil and gas, mining and biotechnology sectors, according to a recent report released by the Canadian Securities Administrators (CSA).
October 8, 2019, 8:55 AM MDT
Separate investigations by three independent officers of the Legislative Assembly of Alberta into activities at the Alberta Energy Regulator (AER) and the International Centre of Regulatory Excellence (ICORE) found a conflict of interest by the former CEO of the AER, Jim Ellis, gross mismanagement and waste of public resources, and critical failures related to board oversight and management override of internal controls.
October 4, 2019, 11:07 AM MDT
A resource assessment has identified an additional three billion bbls of oil and 5.8 tcf of gas potential offshore Newfoundland.
October 3, 2019, 11:48 AM MDT
Is the Clearwater going to be the next Big Oil Play in the WCSB? Sprinkled across a massive 400 km swath running from Jarvie through Marten Hills and Nipisi to Golden, the industry has quietly drilled over 1,100 horizontal laterals into the play that are now producing over 16,000 bopd.
October 2, 2019, 6:53 AM MDT
Canada’s crude oil and condensate output will rise gradually to 2040 and then spike during the following decade to reach 9.6 million bbls/d, the U.S. Energy Information Administration (EIA) says in its International Energy Outlook 2019 (IEO2019).
September 26, 2019, 12 AM MDT
Though it pales in comparison to U.S. output, Canada will continue to produce “relatively large amounts” of natural gas, reaching 6.8 tcf in 2050, a nearly 20 per cent increase from the 2018 average of 5.7 tcf, says the U.S. Energy Information Administration (EIA) in its International Energy Outlook 2019 (IEO2019).
September 26, 2019, 10:25 AM MDT
In 2014, Canada’s oil and gas (O&G) industry was at the top of its game. At the centre of the action sat Fort McMurray, a boom town built on bitumen. Like a modern-day Klondike, money flowed as fast as the crude, and times were good.
September 16, 2019, 8:39 AM MDT
Global demand for petrochemical products is growing quickly as the world’s population expands and emerging economies build capacity.
September 12, 2019, 12 AM MDT
Global demand for petrochemical products is growing quickly as the world’s population expands and emerging economies build capacity.
September 9, 2019, 10:11 AM MDT
The Alberta government has lost its competitive edge and needs to make competitiveness and attraction a top priority, sending an important signal to industry and investors that it is tackling all the issues facing business, not only taxes, a government-appointed panel on spending has recommended.
September 3, 2019, 11:57 AM MDT
After declining by about 200,000 bbls/d from 2014 to 2016, Canadian conventional crude oil output is expected to continue to increase at a modest pace before reaching approximately 1.4 million bbls/d (without pentanes plus and condensate) by 2025, says the Canadian Energy Research Institute (CERI) in a new report released Tuesday.
July 24, 2019, 7:28 AM MDT
Evaluate Energy’s latest M&A review for Q2 2019 shows that $91 billion of new upstream oil and gas M&A deals were secured during the quarter — virtually nine times greater than the disappointing $10.4 billion total value in Q1.
July 23, 2019, 7:20 AM MDT
Canada’s existing petrochemical industry, as well as new polypropylene plants being built in the Edmonton area, can compete economically with the petrochemical industry in the U.S. Gulf Coast, even if it is faced with a $50 a tonne carbon tax, a new study concludes.
July 4, 2019, 6 AM MDT
A new report from IT Media Group (ITMG), sponsored by Salesforce, compiles insights that shift the perception of IT from cost centre to revenue engine.
June 25, 2019, 6 AM MDT
A new report from IT Media Group (ITMG), sponsored by Salesforce, compiles insights that shift the perception of IT from cost centre to revenue engine.
June 18, 2019, 6 AM MDT
The International Energy Agency’s (IEA) estimate for global oil demand growth in 2019 has been cut for a second consecutive month.
June 14, 2019, 7:53 AM MDT
The Canadian Association of Petroleum Producers (CAPP) says the outlook for the country’s oil producers will be constrained going forward as lack of takeaway capacity, limited market diversity and an onerous regulatory system continues to stifle investment.
June 13, 2019, 11:03 AM MDT
The U.S is expected to account for all North American natural gas production growth through 2024 while Canada’s growth is “limited by the lack of export infrastructure,” the International Energy Agency (IEA) said in its annual natural gas forecast released this morning.
June 7, 2019, 9:49 AM MDT