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
Global demand for natural gas is set to keep growing over the next five years, driven by strong consumption in fast-growing Asian economies and supported by the continued development of the international gas trade, the International Energy Agency (IEA) says in its annual natural gas forecast released this morning.
June 7, 2019, 10:46 AM MDT
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
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