Total capital expenditures in the conventional oil and gas and oilsands sectors decreased by six per cent in 2018, reaching C$28.9 billion, the Alberta Energy Regulator (AER) said in a new report this morning.
June 7, 2019, 11:42 AM MDT
Canadian companies look set to deepen their involvement in Colombia’s upstream oil and gas sector after its national hydrocarbons agency (ANH) announced that three Canadian companies – Gran Tierra Energy Inc., Frontera Energy Corporation and Parex Resources Inc. – are among seven bidders in the latest Colombian bidding round.
June 5, 2019, 6:57 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 4, 2019, 6 AM MDT
A new report from Sproule, the Daily Oil Bulletin and Evaluate Energy shows how, among Latin American nations, Brazil has secured by far the highest level of M&A investment in upstream oil and gas.
May 30, 2019, 4:41 AM MDT
Tough new federal clean fuel standards set to begin in 2022 will drive up energy costs across the Canadian economy, according to a recent report authored by the Canadian Energy Research Institute (CERI).
May 24, 2019, 7:52 AM MDT
A new report from Sproule, the Daily Oil Bulletin and Evaluate Energy shows how politics and fluctuating oil prices continue to dominate headlines and influence appetite for investment in Latin America’s upstream oil and gas industry.
May 22, 2019, 6:02 AM MDT
In April, global oil supply fell 300,000 bbls/d with Canada, Kazakhstan, Azerbaijan and Iran leading the losses, reported the International Energy Agency (IEA) in its monthly oil report.
May 15, 2019, 8:21 AM MDT
Canadian Council for Aboriginal Business (CCAB) today released a data-driven report calling on the federal government to increase the dollar value of its procurement spending with Aboriginal businesses to five per cent of total procurement spending by 2024.
May 9, 2019, 10:49 AM MDT
Responsible oil and gas development is important to the preservation of agricultural land, a B.C. committee said Tuesday.
May 1, 2019, 9:11 AM MDT
Canada’s transition to low-emission energy sources is underway but it remains one of the most emission-intensive nations in the world, according to a new report from the National Energy Board (NEB).
April 26, 2019, 12 AM MDT
A new report released by Geoscience BC released results of a multi-year research project examining the complex network of tiny fractures and pores that store and transport gas and liquid hydrocarbons in fine-grained sediments, using samples and data from oil and gas production areas in northeastern British Columbia.
April 22, 2019, 7:04 AM MDT
An independent scientific review of hydraulic fracturing in British Columbia has found that while there is a strong regulatory framework, further research is needed to support the responsible development of the province’s shale gas resources.
March 20, 2019, 4:14 AM MDT
Anomalous induced seismicity (AIS) related to hydraulic fracturing and wastewater disposal was a key subject of concern expressed by representatives of a wide variety of groups, according to a report produced by an independent scientific review of hydraulic fracturing in British Columbia.
March 20, 2019, 4:17 AM MDT
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