Canada’s goal to reach net zero greenhouse gas emissions by 2050 is not only achievable, but there are many different possible avenues to pursue to get there, according to the Canadian Institute for Climate Choices.
May 3, 2021, 6 AM MDT
COVID-19 has shone a spotlight on the risk management practices of energy and natural resource (ENR) companies, highlighting weaknesses in identifying emergent and long-term risks and trends — and made all too real the effect that external shocks can have on the operations, sales and profitability of companies.
May 3, 2021, 7:05 AM MDT
The Alberta government continues to work on a number of priorities highlighted in a newly-released joint report by Energy Futures Lab (EFL) and Canada West Foundation (CWF), says the province’s energy minister, including the development of a geothermal policy framework, modernization of the oil and gas liability management framework, and an updating and modernizing of the mineral tenure and regulatory frameworks.
April 28, 2021, 10:28 AM MDT
Alberta can prioritize repurposing of inactive oil and gas sites for new energy developments, according to a new Energy Futures Lab (EFL) and Canada West Foundation (CWF) joint report, but the provincial government must first clear roadblocks and facilitate the necessary investments and entrepreneurship in a timely and effective manner.
April 27, 2021, 12 AM MDT
Evaluate Energy’s latest report shows that 72 U.S. and Canadian companies gained a combined $7.6 billion thanks to settled oil and gas derivatives in 2020.
April 20, 2021, 8:12 AM MDT
An average of 1.5 million bbls/d were hedged by North American oil producers heading into 2021 in fixed swaps, collars and three-way collars, according to a new Evaluate Energy report on hedging activity and the extent to which companies gained or lost out as per-barrel values stabilized.
April 15, 2021, 9:33 AM MDT
Canadian oil production fell in the first quarter of 2021 after nearly touching six million bbls/d in December, the International Energy Agency (IEA) reported in its April report on the oil market.
April 14, 2021, 3:43 AM MDT
A new report commissioned by the American Petroleum Institute (API) and released today reinforces the “valuable trading relationship” in petroleum liquids between Canada and the United States, says a top API official.
April 6, 2021, 11:03 AM MDT
The history of Canadian federalism suggests that bilateral agreements and unilateral action by individual provinces are the most common paths forward on energy and environment matters, says Duane Bratt, Positive Energy faculty affiliate and a Mount Royal University political science professor.
April 1, 2021, 7:30 AM MDT
April 1, 2021, 8:55 AM MDT
While the technology sector might be “getting a lot of media attention these days,” the likelihood of a mass exit for oil and gas workers into tech seems unlikely at this point, says Breanne O’Reilly, program manager, PetroLMI.
March 30, 2021, 7:13 AM MDT
A national vision for carbon capture, utilization and storage (CCUS): That is the first recommendation of a newly-released study.
March 25, 2021, 12 AM MDT
March 25, 2021, 8:12 AM MDT
Canada’s oil and gas industry workforce can expect to see some further contraction in 2021 but modest employment growth will follow over 2022 and 2023, says a labour market outlook released today by the PetroLMI division of Energy Safety Canada.
March 23, 2021, 10:22 AM MDT
March 18, 2021, 9:10 AM MDT
Canadian oil supply is expected to recover in 2021 following two years of mandatory production curtailments and massive shut-ins due to the COVID-19 pandemic, the International Energy Agency (IEA) says in a new report.
March 17, 2021, 10:16 AM MDT
The International Energy Agency (IEA) says that while world oil markets are rebalancing after the COVID-19 crisis spurred an “unprecedented collapse” in demand in 2020 “there may be no return to normal” for the oil market in the post-pandemic era.
March 17, 2021, 9:24 AM MDT
The pandemic-induced demand shock and a shifting momentum towards investment in clean energy are set to slow the expansion of the world’s oil production capacity over the six-year forecast period in the International Energy Agency’s (IEA) Oil 2021 report released this morning.
March 17, 2021, 10:31 AM MDT
March 2, 2021, 8:33 AM MST
Royal Dutch Shell released its latest round of long-term global energy scenarios earlier this month, conveniently pushing the outlook period from 2070 to 2100, with the potential of cataclysmic climate change looming large over the remainder of this century.
February 24, 2021, 6 AM MST
New data from Evaluate Energy shows that MEG Energy’s oilsands operations generate the highest overall operating netback per barrel among North America’s heaviest oil-weighted producers.
February 18, 2021, 9:49 AM MST
The most significant change to the proposed Clean Fuel Standard (CFS), as seen in the December 19 issue of the Canada Gazette, is its scope — a “welcome change” according to the Canada West Foundation (CWF).
February 17, 2021, 12 AM MST
As the Alberta government struggles with declining resource revenues and high costs, a non-partisan business group is calling for the re-introduction of an Alberta consumer carbon tax and the introduction of a harmonized sales tax.
February 17, 2021, 8:59 AM MST
The recovery in Canadian oil supply gathered pace in December, with output reaching a new record high, the International Energy Agency (IEA) said in its February oil market report released this morning.
February 11, 2021, 3:32 AM MST
Despite a strengthening crude oil price environment both Suncor Energy Inc. and Imperial Oil Limited said last week they have no current plans to increase 2021 spending levels.
February 9, 2021, 10:44 AM MST