Early 2021 saw revenues and operating cash flow soar in the North American oil and gas industry.
June 28, 2021, 8:32 AM MDT
Pipeline incidents in the province continue to decline, according to the Alberta Energy Regulator (AER) in its newly-released annual Pipeline Performance Report, which it updated to include incident data for 2020.
June 23, 2021, 6:21 AM MDT
Federal, provincial and territorial governments should develop common emissions-coverage pricing standards to support effectiveness and address competitiveness and fairness issues — that is the first of five recommendations the Canadian Institute for Climate Choices makes in its newly-released review of carbon pricing in Canada.
June 14, 2021, 3:46 PM MDT
Canadian oil supply is set to climb to a record high in the second half of 2021, the International Energy Agency (IEA) noted in its latest oil market report released this morning.
June 11, 2021, 12 AM MDT
Global oil demand is set to return to pre-pandemic levels by the end of 2022, rising 5.4 million bbls/d in 2021 and a further 3.1 million bbls/d next year, the International Energy Agency (IEA) noted in its latest oil market report released this morning.
June 11, 2021, 12 AM MDT
While COVID-19 significantly impacted Canada’s oil industry, with production cut by almost a million bbls/d in May of last year, both oil production and pipeline usage have largely recovered to pre-pandemic levels, says a newly-released report by the Canada Energy Regulator (CER).
June 9, 2021, 10:40 AM MDT
Researchers have gained valuable insights into the movement and measurement of natural gas in the shallow subsurface, as well as assessments of impacts to groundwater, using a custom-built field station in British Columbia’s northeast region.
June 9, 2021, 11:11 AM MDT
The First Nations Major Projects Coalition (FNMPC) this morning released a Roadmap to Investing in Canada: Indigenous Inclusion in ESG report.
June 8, 2021, 9:13 AM MDT
In the absence of a larger shift to policies that reduce oil consumption, the Alberta Energy Regulator (AER) says it’s too early to foresee a rapid decline in oil demand negatively impacting prices.
June 2, 2021, 10:04 AM MDT
After a decline in 2018 and 2019, average daily production of marketable natural gas in Alberta stabilized in 2020 at 10.2 bcf/d, the Alberta Energy Regulator (AER) says in its annual ST98 report.
June 2, 2021, 10:48 AM MDT
In Part 1 of this two-part series, I explored the International Energy Agency’s (IEA) recently released Net-Zero Emissions (NZE) scenario, a worst-case scenario for Alberta.
May 27, 2021, 6 AM MDT
In the first decade of this century Alberta was fueled by incredible optimism. Peak oil — on the supply side —reigned supreme, oilsands projects were popping up like mushrooms, while natural gas prices were through the roof. The province was rolling in royalty revenue.
May 26, 2021, 6:55 AM MDT
To address the issue of long-term inactive and un-reclaimed wells, the province should strengthen the governance of surface rights and well liabilities, suggests a new School of Public Policy report.
May 21, 2021, 10:11 AM MDT
May 19, 2021, 12 AM MDT
The International Energy Agency’s (IEA) first in-depth study into pathways for reducing emissions from the energy sector to reach net-zero greenhouse gas emissions by 2050 proposes that no investments in new fossil fuel supply projects be committed beyond 2021.
May 18, 2021, 7:49 AM MDT
Canada is expected to report production gains of 340,000 bbls/d in 2021, with an exit rate of 5.9 million bbls/d, a record high, the International Energy Agency (IEA) noted today in its monthly oil report.
May 12, 2021, 12 AM MDT
Climate policy action abroad could reduce global demand for fossil fuels and, by extension, prices. And because all of these drivers are fully outside of Canada’s control, Canada’s oil and gas sector could face significant challenges independent of any domestic choices, according to a recent report.
May 5, 2021, 6 AM MDT
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