Any notable increase in pipeline or rail capacity would need to come from new major infrastructure projects as current pipeline capacity is fully utilized and rail infrastructure is operating at or near capacity, says the National Energy Board (NEB).
March 18, 2019, 7:26 AM MDT
Sproule and GTI today announced a strategic partnership to deliver a jointly developed Canadian natural gas liquids (NGL) report to industry.
March 14, 2019, 6 AM MDT
The Alberta government spent a total of $1.19 billion on its Climate Leadership Plan in the 2017/2018 fiscal year, according to the recently released progress report on the plan.
March 12, 2019, 7:25 AM MDT
The outlook for Canadian oil production has “significantly deteriorated” and the longer-term outlook looks “more precarious,” the International Energy Agency (IEA) says in its latest crude oil forecast report released this morning.
March 11, 2019, 10:10 AM MDT
Saskatchewan has the highest taxes on new oil and gas investment among all major energy-producing jurisdictions in North America, which is harming the province’s competitiveness, finds a new study by the Fraser Institute.
March 5, 2019, 9:14 AM MST
February 25, 2019, 8:33 AM MST
While global demand for renewable energy sources will continue to increase at an unprecedented rate over the coming decades, oil demand is expected to remain resilient and plateau at around 108 million bbls/d by the mid-2030s, BP plc said in its 2019 Energy Outlook released this morning.
February 14, 2019, 11:08 AM MST
Natural gas is set to continue on its path to becoming an increasingly important cog in the global energy mix, BP says in its 2019 Energy Outlook.
February 14, 2019, 11:17 AM MST
As we move into the annual reporting period across the U.S. E&P sector, new hedging data from Evaluate Energy illustrates that more than 4.4 million boe/d of oil and natural gas was covered by hedging contracts heading into the fourth quarter.
February 13, 2019, 9:06 AM MST
The Alberta Energy Regulator (AER) has released its 2017 water use performance report and for the first time it includes company level information for hydraulic fracturing and enhanced oil recovery.
February 6, 2019, 11:33 AM MST
In another year where North American deals dominated upstream M&A activity, Evaluate Energy’s latest Global M&A review shows that Canada saw US$11.2 billion in new deals announced in 2018. The full M&A review can be downloaded at this link.
January 28, 2019, 6 AM MST
Despite some positive signs of stability in oil and gas markets during 2018, the overall M&A spend in the upstream sector globally fell to its lowest level in at least a decade. The value of announced upstream deals reached just $132 billion; a 12% decline on the $151 billion recorded the year prior even though oil prices enjoyed their best year since the 2014 price downturn.
January 24, 2019, 12 AM MST
The United States becomes a net energy exporter in 2020 and remains so through 2050 as a result of large increases in crude oil, natural gas, and natural gas plant liquids (NGPL) production coupled with slow growth in U.S. energy consumption, says the Energy Information Agency (EIA) in its Annual Energy Outlook 2019 (AEO2019) released this morning.
January 24, 2019, 10:12 AM MST
Natural gas experiences the largest production increase of all fossil fuels during the projection period in the Energy Information Administration (EIA) outlook report across all cases, driven by continued development of lower-cost shale gas and tight oil resources.
January 24, 2019, 10:25 AM MST
Many in Canada’s oil and gas industry may be surprised by recent findings about the next generation who will enter the workforce.
January 18, 2019, 9:31 AM MST
In September 2018, the amount of crude oil available for export exceeded available pipeline capacity by an estimated 202,000 bbls/d, according to a new report by the National Energy Board (NEB).
December 28, 2018, 8:44 AM MST
Rail transportation has been used this year to export record volumes of crude.
December 28, 2018, 9:07 AM MST
Canadian oil production rose by an estimated 180,000 bbls/d in October to 5.2 million bbls/d, the International Energy Agency (IEA) said in its monthly report on the oil market.
December 13, 2018, 7 AM MST
The Alberta government has been urged by its natural gas advisory panel to take a leadership role in resolving the “serious and troubling headwinds currently assaulting” the province’s natural gas resources.
December 11, 2018, 3:44 AM MST
For the first time in more than five years, no Canadian province ranked in the top 10 most-attractive jurisdictions for oil and gas investment, according to an annual global survey of petroleum-sector executives released today by the Fraser Institute.
November 29, 2018, 5:18 AM MST
Canada’s oil and natural gas industry has an important opportunity to enhance its relationship with Indigenous peoples by working to support the broader reconciliation process and Indigenous self-determination, according to a new report by the Canadian Association of Petroleum Producers (CAPP).
November 28, 2018, 11:44 AM MST
The outlook for an increasing availability of natural gas liquids (NGLs) in Canada offers opportunities to expand domestic industries and to diversify and reach new markets, says a new study by the Canadian Energy Research Institute (CERI).
November 16, 2018, 6 AM MST
The risk of a global energy supply crunch “looms largest” in crude as U.S. tight oil is unlikely to pick up the slack on its own, says the International Energy Agency (IEA) in its latest World Energy Outlook 2018 released this morning.
November 13, 2018, 10:54 AM MST
Global demand for natural gas is on the rise, “erasing talk of a glut” as China emerges as a giant consumer, the International Energy Agency (IEA) said in its World Energy Outlook released this morning
November 13, 2018, 11:41 AM MST
Canadian oil and natural gas production is expected to continue to grow to 2040 even as domestic energy demand growth slows, says the National Energy Board (NEB) in a new long-term energy report.
October 31, 2018, 11:49 AM MDT