The Canadian oil and gas industry is facing some of the biggest challenges in its history. A global pandemic has shaken a sector already undermined by a persistent glut of oil, anemic commodity prices, market access issues and mounting climate pressures.
November 17, 2020, 10:08 AM MST
Total Canadian oil supply is expected to decline by roughly 340,000 bbls/d in 2020 followed by a 300,000-bbl/d recovery next year, the International Energy Agency (IEA) reported today in its monthly oil report.
November 12, 2020, 4:01 AM MST
The Conference Board of Canada has released a new report which says the economic benefits of LNG development are so extensive it will help lift Indigenous communities out of poverty and advance reconciliation between Indigenous and non-Indigenous Canadians.
November 11, 2020, 2:45 PM MST
Guidance season officially kicked off last week with several producers announcing 2021 budgets, as well as a stated focus next year on free cash flow generation.
November 10, 2020, 11:13 AM MST
Canadian upstream activity sprung to life in Q3 with a series of deals agreed involving ConocoPhillips, Canadian Natural Resources Limited and Whitecap Resources Inc., based on Evaluate Energy’s latest M&A report, available here.
November 5, 2020, 6 AM MST
Thanks to strict limits on flaring and venting on the one hand and energy-intensive oilsands production on the other, Canadian oil and gas production sits at either end of the greenhouse gas emissions-intensity spectrum.
October 21, 2020, 12:39 PM MDT
The Daily Oil Bulletin published several articles about the International Energy Agency’s World Energy Outlook 2020, its latest long-term scenarios, when released on Oct. 13. And by simply glancing at their titles I knew which one of them would be the most read — IEA Warns That Ample Global Crude Supply ‘Should Not Be Taken For Granted’ — although I must admit to being surprised it only came in second place among all the articles published in DOB that day.
October 15, 2020, 7:32 AM MDT
Long criticized for not taking proper account for the tide of cheap renewables transforming energy markets and what it would take to meet Paris accord goals, the International Energy Agency (IEA) broke with tradition and produced a net-zero emissions scenario in its annual World Energy Outlook published this week.
October 15, 2020, 12 AM MDT
Different lifestyle choices would be necessary in order to reduce emissions, a topic analyzed by the International Energy Agency (IEA) for the first time in this year’s World Energy Outlook assessment.
October 15, 2020, 12 AM MDT
Canadian oil supply declined by 70,000 bbls/d in August as synthetic crude production fell by 95,000 bbls/d month-on-month to 890,000 bbls/d, the International Energy Agency (IEA) reported this morning in its monthly oil report.
October 14, 2020, 6 AM MDT
October 14, 2020, 8:45 AM MDT
October 14, 2020, 8:36 AM MDT
October 13, 2020, 7:58 AM MDT
The Alberta government is targeting exports of hydrogen and hydrogen products across Canada, North America and overseas by 2040 as part of its new strategy to revive the natural gas industry in the province.
October 7, 2020, 12 AM MDT
Alberta can be a global leader in the export of low carbon hydrogen to meet the growing global demand, says the chief executive of ATCO Ltd., which is working on its own hydrogen pilot project in Alberta.
October 7, 2020, 12 AM MDT
As Ottawa prepares to ban single use plastics, the Alberta government as part of its natural gas strategy wants to extract the full value of plastics, enabling them to be reused by the petrochemical industry in a “circular economy.”
October 7, 2020, 12 AM MDT
October 7, 2020, 7:51 AM MDT
The current global crisis has lain down the gauntlet for Canadian oil & gas. A window of opportunity is open for the industry to strengthen balance sheets and prepare their organizations for future demand growth.
October 6, 2020, 6 AM MDT
The current global crisis has lain down the gauntlet for Canadian oil & gas. A window of opportunity is open for the industry to strengthen balance sheets and prepare their organizations for future demand growth.
October 5, 2020, 6:57 AM MDT
Until a few years ago, the Canadian oil & gas industry enjoyed more than 100 years of relatively steady progress. A business built on a model that expected demand to increase in lockstep with global population growth was upset when worldwide production outstripped demand and environmental concerns delayed much-needed midstream infrastructure
October 2, 2020, 7:40 AM MDT
Large scale property acquisitions peaked in 2016–2017 led by China Molybdenum’s purchase of the Tenke Fungurume mine in the Democratic Republic of the Congo.
October 2, 2020, 7:44 AM MDT
Industry seeks a “next new normal” in the oil and gas markets during current uncertain times, which when paired with lower commodity prices means many firms may need to permanently lower cost structures even further than they have already, says Dinara Millington, vice-president of research at the Canadian Energy Research Institute (CERI).
October 1, 2020, 7:44 AM MDT
Until a few years ago, the Canadian oil & gas industry enjoyed more than 100 years of relatively steady progress.
October 1, 2020, 6 AM MDT
Large scale property acquisitions peaked in 2016–2017 led by China Molybdenum’s purchase of the Tenke Fungurume mine in the Democratic Republic of the Congo.
October 1, 2020, 8:32 AM MDT
Until a few years ago, the Canadian oil & gas industry enjoyed more than 100 years of relatively steady progress.
September 30, 2020, 6 AM MDT
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