Any performance management program to deal with a lack of public trust in the oilsands may take some time to develop, a new report from the Canada West Foundation says.
September 22, 2020, 8:18 AM MDT
September 17, 2020, 11:20 AM MDT
After slipping by 70,000 bbls/d month-on-month in July, Canadian oil supply is estimated to have risen by 130,000 bbls/d in August as additional shut-in volumes were restored, the International Energy Agency (IEA) noted this morning in its September report on the oil market.
September 15, 2020, 5:59 AM MDT
Global oil supply rose by 1.1 million bbls/d in August to 91.7 million as OPEC+ cuts eased, but output was down 9.3 million bbls/d from a year ago, the International Energy Agency (IEA) noted in its September Oil Market Report released this morning.
September 15, 2020, 6:21 AM MDT
September 9, 2020, 11:12 AM MDT
An international environmental watchdog says in certain situations there is scientifically valid evidence of oilsands process-water (OSPW) seepage into near-field groundwater around tailings pond, a new report stated.
September 4, 2020, 9:32 AM MDT
The future of Canada’s oil and gas industry strongly depends on geopolitics and how decision-makers deal with COVID-19 and the strategies they implement, according to a newly-released Canadian Energy Research Institute (CERI) outlook for 2020 to 2039, and the pandemic’s probability of a second wave could further undermine market confidence and might cause more substantial detrimental impacts for the energy sector.
August 21, 2020, 6 AM MDT
Canada’s oilsands industry continues to be adversely impacted by COVID-19 and the subsequent decrease in oil demand, with short-term production losses and some permanent losses under two of three scenarios proposed in the newly-released Canadian Energy Research Institute (CERI) outlook for 2020 to 2039.
August 21, 2020, 6 AM MDT
As U.S. oil production fell by a record amount in May, Canadian oil producers were able to restore output faster than previously expected, the International Energy Agency (IEA) said today in its August report on the oil market.
August 13, 2020, 6 AM MDT
While there continues to be a chasm between drilling levels in 2020 and the previous two years, there are a few bright spots of activity in the Western Canadian Sedimentary Basin.
August 7, 2020, 12 AM MDT
Canadian oilsands producers have steadily improved their environmental performance from a greenhouse gas emissions (GHG) standpoint, a new study concludes, even though the disruptions caused by COVID-19 have likely halted that progress temporarily.
August 6, 2020, 9:32 AM MDT
Managing the balance sheet and maintaining liquidity through the COVID-19 crisis will decide who comes out the other side intact with the potential to attract new investment, says KPMG’s national energy leader Michael McKerracher.
July 20, 2020, 6 AM MDT
Which companies are best positioned to weather the COVID-19 storm and emerge strong on the other side?
July 17, 2020, 6 AM MDT
Canada’s oilfield services sector has struggled the last five years.
July 16, 2020, 6 AM MDT
Challenging. That’s KPMG national energy leader Michael McKerracher’s one-word description of the current state of Canada’s oil and gas industry.
July 15, 2020, 11:39 AM MDT
Canadian oil supply declined by another 270,000 bbls/d in May, reported the International Energy Agency (IEA), taking the total decline since the end of 2019 to nearly one million bbls/d or roughly 20 per cent of national production.
July 10, 2020, 6 AM MDT
Dented global energy demand owing to the coronavirus pandemic portends a quiet summer for drilling activity across North America.
June 30, 2020, 11:15 AM MDT
Global demand for low-cost, low-carbon energy is challenging the future prosperity of Canada’s hydrocarbon sector, says a new report.
June 30, 2020, 10:44 AM MDT
MEG Energy Corp. and Murphy Oil Corporation were two North American oil producers that made significant gains from hedging strategies in Q1 2020.
June 29, 2020, 12 AM MDT
The development of the new LNG plants in Canada that appear most likely to proceed could create up to 8,300 jobs in the upstream sector, several thousand peak construction jobs, 1,200 or more operations positions and thousands of spin-off jobs in local communities, according to a new report.
June 25, 2020, 7:55 AM MDT
Crescent Point Energy Corp.’s 2020 Sustainability Report highlights several progressive measures on the environmental, social and governance (ESG) front, including adoption of an operational technology platform that minimizes the risk of spills, reduces fleet emissions, and decreases vehicular collision risk.
June 25, 2020, 7:06 AM MDT
Prices may have plummeted below US$30/bbl in Q1, but this did not result in a monumental shift in hedging strategy among North American oil producers.
June 24, 2020, 7:41 AM MDT
Gas consumption is expected to fall by four per cent in 2020 due to lower heating demand from the warm winter, the implementation of lockdown measures in almost all countries and territories to slow the spread of COVID-19, and a lower level of activity caused by the virus-induced macroeconomic crisis, the International Energy Agency (IEA) forecast today.
June 10, 2020, 4:59 AM MDT
Total Alberta capital expenditures in oil, natural gas and oilsands fell by 31 per cent in 2019 to $18.9 billion from $27.5 billion in 2018 although global capital spending was up, says the Alberta Energy Regulator (AER) in its annual energy outlook.
June 9, 2020, 6:39 AM MDT
The Alberta Energy Regulator (AER) in its annual energy outlook is forecasting a 57 per cent drop in its base case price for Western Canadian Select (WCS) to US$19/bbl in 2020 from $44.28 bbl in 2019.
June 9, 2020, 6:54 AM MDT