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
February 9, 2021, 2:14 PM MST
As U.S. coal and nuclear electricity-generating capacity retires, new capacity additions come largely from natural gas and renewable technologies with renewables accounting for the majority of the projected capacity additions, the Energy Information Administration (EIA) says in its Annual Energy Outlook 2021 (AEO-2021) released Wednesday.
February 3, 2021, 4:43 PM MST
It will “likely take years” for the United States to return to 2019 levels of energy consumption following the impact of COVID-19 on the U.S. economy and global energy sector, according to projections in the U.S. Energy Information Administration’s (EIA) Annual Energy Outlook 2021 (AEO-2021).
February 3, 2021, 4:26 PM MST
January 21, 2021, 8:14 AM MST
Canadian oil production continues to recover, with output surging 370,000 bbls/d month-on-month in November 2020, reported the International Energy Agency (IEA) this morning in its first oil market report of 2021.
January 19, 2021, 3:44 AM MST
Increased crude oil export capacity out of Western Canada could provide an opportunity for crude differentials to narrow by about US$3/bbl to $4/bbl on average over the next decade, according to an IHS Markit Canadian Oil Sands Dialogue report.
December 23, 2020, 7:57 AM MST
A second life cycle assessment (LCA) study of oilsands greenhouse gas emissions intensity involving essentially all major oilsands producers will soon be underway, an Alberta Innovates executive said Thursday.
December 18, 2020, 7:26 AM MST
Creating opportunities for Indigenous Canadians — particularly youth — to engage in energy industry activity is critical as the oil and gas sector emerges from the COVID-19 downturn, says a newly-released PetroLMI report.
December 18, 2020, 11:09 AM MST
When Alberta-specific data is used, upstream greenhouse gas intensity numbers for oilsands production pathways are 14 per cent to 35 per cent lower than previously published, according to a new study funded by Alberta Innovates and Emissions Reduction Alberta (ERA).
December 17, 2020, 11 AM MST
Canadian oil production continued to recover during October, rising by an estimated 250,000 bbls/d month-on-month to 5.3 million bbls/d, the International Energy Agency (IEA) reported this morning in its monthly report on the oil market.
December 15, 2020, 3:56 AM MST
Oil demand will fall by 8.8 million bbls/d year-over-year in 2020, a modest 50,000-bbl/d reduction from its previous forecast, the International Energy Agency (IEA) said today in its December report on the oil market.
December 15, 2020, 4:10 AM MST
With many Canadian E&Ps having announced initial 2021 capital spending plans, service sector and midstream companies have also started releasing guidance.
December 15, 2020, 11:31 AM MST
The increased use of alternatives and improvements in technology have reduced the energy industry’s need for non-saline water, although growth in oilsands production has driven a three per cent increase in non-saline water intensity since 2015, says an Alberta Energy Regulator (AER) report.
December 14, 2020, 7:23 AM MST
In the newest "Over a Barrel" episode, host Louisa DeCarlo has a frank and engaging conversation with JP Gladu, President of A2A Rail, and former President and CEO of the Canadian Council for Aboriginal Business (CCAB).
December 9, 2020, 6 AM MST