• Canada Supply Dropped In June: IEA

    Canadian oil output is estimated to have fallen by only 120,000 bbls/d month-on-month in June, despite extensive reported maintenance and an outage at the Syncrude upgrader, according to the International Energy Agency (IEA) in its monthly report on the oil market released this morning.

    August 10, 2018, 2:40 AM MDT

  • Report To B.C. Government On ALR Recommends ‘Mitigating The Impacts Of Oil And Gas Activity’

    An independent Minister’s Advisory Committee for Revitalizing the Agricultural Land Reserve (ALR) and the Agricultural Land Commission (ALC) submitted its interim report to the B.C. government — and oil and gas extraction in the province’s northeast was highlighted as an area of concern.

    August 8, 2018, 10:50 AM MDT

  • Montney Vs. Deep Basin: Which Play Has The Edge?

    The Montney and Deep Basin are the two hottest natural gas plays in Western Canada, but which one has the edge?

    August 8, 2018, 6 AM MDT

  • New Low Sulphur Marine Standards Create Refining Opportunity

    New low-sulphur marine fuel standards could prove to be disastrous for the Canadian oil producing sector, says a new report by the Canadian Energy Research Institute (CERI), creating the need for more upgrading and refining to take place within Alberta.

    August 1, 2018, 9:13 AM MDT

  • Uncertainty In Economic Projections In Key Areas Could Affect Global Energy Markets: EIA

    Different macroeconomic conditions and growth patterns might affect international energy markets in three key regions of the world: China, India, and Africa, says the United States Energy Information Administration (EIA).

    July 24, 2018, 10:38 AM MDT

  • Rystad Report Suggests European Majors Will Outpace North American Peers

    European-based majors BP plc, Eni S.p.A and Royal Dutch Shell plc have outperformed North American-based majors, such as Exxon Mobil Corporation, in securing new project approvals during the oil price downturn, says a new report.

    July 24, 2018, 11:30 AM MDT

  • GHG Performance Improved In 2017, Says Suncor In Sustainability Report

    Suncor Energy Inc. has released its 2018 Report on Sustainability which details the company’s environmental, social and economic performance.

    July 20, 2018, 10:18 AM MDT

  • Global Upstream M&A Drops In Q2 Despite Strong Oil Prices

    Data in Evaluate Energy’s latest quarterly review of global M&A activity shows that while the second quarter saw $20 billion of new upstream oil and gas M&A deals, this represented a 46 per cent drop on total spending in Q1, and a 29 per cent drop compared to the same quarter last year.

    July 19, 2018, 3:30 AM MDT

  • CERI Study Finds Canadian LNG Can Compete Globally

    Canadian LNG can be globally competitive and is in a position to benefit from a growing demand for the commodity, according to a new study by the Canadian Energy Research Institute (CERI).

    July 18, 2018, 6 AM MDT

  • U.S. Producers Expect 7% Uptick In 2018: New Guidance Data

    Worldwide production by U.S.-based upstream public companies is set to increase by seven per cent in 2018, based on the latest guidance.

    July 18, 2018, 6 AM MDT

  • Sharing The Risk Of Technology Adoption Facilitates Uptake: Report

    Despite its ability to create efficiencies and improve the competitiveness of the oil and gas industry, technology adoption can be a slow, methodical and challenging process in the oilpatch.

    July 18, 2018, 6 AM MDT

  • Global Energy Investment Continues To Drop: IEA

    For the third consecutive year global energy investment declined in 2017 to US$1.8 trillion, or a decline of two per cent in real terms, the International Energy Agency (IEA) said in its latest market forecast released today.

    July 17, 2018, 6 AM MDT

  • 10 Canadian Producers That Expect Operating Costs To Drop In 2018

    Many Canadian oil and gas companies look set to cut operating and transportation costs on a per bbl basis over the next year, according to the latest guidance data.

    July 17, 2018, 6 AM MDT

  • Brazil And Canada Underpin Medium-Term Non-OPEC Supply Growth

    Brazil and Canada are expected underpin medium-term non-OPEC supply growth, adding the most production outside of the U.S. by 2030.

    July 17, 2018, 9:26 AM MDT

  • IEA Reports Strong Start To The Year For Oil Demand

    Global first quarter oil demand growth was over two million bbls/d, boosted by cold weather in the northern hemisphere, the International Energy Agency (IEA) said this morning in its monthly report on the oil market.

    July 12, 2018, 10:06 AM MDT

  • Canadian Oil Supply Plunged From Mid-June

    Canadian oil supplies fell sharply from mid-June, as the Syncrude upgrading facility was shut down due to a power outage, the International Energy Agency (IEA) said in its monthly report on the oil market.

    July 12, 2018, 10:09 AM MDT

  • Insulating Against The Loss Of Corporate Knowledge A Challenge In Boom And Bust Oilpatch

    Building a spirit of collaboration through the oil and gas supply chain can take years of concerted effort between producers and suppliers to build trust, solidify relationships and land on successful formulas that benefit both sides. And it can all be wiped out in a single bust cycle when those who forged the new relationships are sent packing.

    July 11, 2018, 6 AM MDT

  • Canadian Policymakers Urged To Price Environmental Risk

    Putting a price on environmental risk is key to doing more to manage the risk and make disasters such as oil spills, rail disasters or tailings pond failures less likely,  says a new report, Responsible Risk, from Canada’s Ecofiscal Commission.

    July 11, 2018, 9:41 AM MDT

  • Report Suggests North West Refinery Deal Could Cost Alberta Government

    The North West Redwater (NWR) Sturgeon refinery in its first full year of operation is projected to produce a loss of about $24 million (about $1/bbl) for the Alberta Petroleum Marketing Commission and Canadian Natural Resources Limited, the two toll-paying entities, says a new report.

    June 29, 2018, 11:47 AM MDT

  • Montney Vs. Deep Basin: Which Play Has The Edge?

    The Montney and Deep Basin are the two hottest natural gas plays in Western Canada, but which one has the edge?

    June 28, 2018, 6 AM MDT

  • Carr Launches Generation Energy Council Report

    The transition to a low-carbon energy future represents a real opportunity for Canadians to help build a better country, avoid the impact of climate change and redefine Canada’s role in a changing world, says a new report released today by federal Natural Resources Minister Jim Carr.

    June 28, 2018, 11:33 AM MDT

  • Amid Dearth Of Activity In Canada, Companies Urged To Venture Abroad

    “Flat is the new up for Canada,” is how the president and CEO of the Petroleum Services Association of Canada (PSAC), chose to describe the level of oil and gas activity in Canada in the years ahead — prompting more and more companies to look abroad as they never have before.

    June 27, 2018, 11:50 AM MDT

  • Changing Oil And Gas Industry Providing New Job Opportunities: PetroLMI

    New skills and job opportunities are emerging and replacing more traditional occupations as the Canadian oil and gas industry adapts and changes its business to remain globally competitive, according to a new labour market report.

    June 27, 2018, 10:27 AM MDT

  • China Key To Natural Gas Consumption Growth: IEA

    The Paris-based International Energy Agency (IEA), in a report forecasting world natural gas production and consumption through to 2023, has repeated many of the themes that were evident in last year’s report, with the 153-page analysis echoing the predictions by BP plc and other majors that natural gas will be the fossil fuel of the future. 

    June 26, 2018, 6 AM MDT

  • Moving Beyond The Low-Bid Culture: Report Finds Collaboration A Better Path Forward

    In the topsy-turvy state of today’s oil and gas industry — dealing with shifting market dynamics and geopolitical uncertainties, rapid technological change and the lower-for-longer crude oil price environment — a return to the pre-recession years of reliably growing markets and healthy oil prices seems unlikely any time soon.

    June 11, 2018, 9:39 AM MDT

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