Global demand for natural gas is on the rise, “erasing talk of a glut” as China emerges as a giant consumer, the International Energy Agency (IEA) said in its World Energy Outlook released this morning
November 13, 2018, 11:41 AM MST
Canadian oil and natural gas production is expected to continue to grow to 2040 even as domestic energy demand growth slows, says the National Energy Board (NEB) in a new long-term energy report.
October 31, 2018, 11:49 AM MDT
Many Canadian oilfield service companies are increasingly relying on export markets in the face of flat activity and tight margins at home, according to executives at the recent Grant Thornton oilfield services executive roundtable in Edmonton.
October 30, 2018, 9:51 AM MDT
While it has long been known that Canada’s oil and gas sector faces enormous challenges as its workforce ages and large-scale retirements loom, the fallout from the extended industry downturn which took hold in 2014 has increased the scope of the problem, industry experts say.
October 22, 2018, 6 AM MDT
The International Energy Agency (IEA) says “booming” Canadian oil production is again putting domestic heavy crude grades under pressure.
October 12, 2018, 8:59 AM MDT
Two new geothermal research reports released by Geoscience BC examine locations and assess the viability for geothermal energy development in northeastern British Columbia.
October 10, 2018, 8:58 AM MDT
October 5, 2018, 8:36 AM MDT
The Canadian Energy Pipeline Association (CEPA) released its 2018 Transmission Pipeline Industry Performance Report, highlighting how CEPA's members are performing in the areas of safety, the environment and socio-economic priorities.
September 26, 2018, 8:30 AM MDT
There’s potential for a new significant unconventional oil play in northeastern B.C. that could unlock hundreds of millions of light oil bbls, says the head of a newly released Geoscience BC study — and it’s where conventional oil has been developed since the 1950s.
September 21, 2018, 12 AM MDT
A new report published by Geoscience BC today grades potential for high-value light and medium oil at 27 locations in northeastern British Columbia.
September 20, 2018, 11:27 AM MDT
Two new reports from European energy consultancies point to a peak in oil demand as early as the mid 2020s, the ascendency of natural gas as the preeminent fossil fuel in a carbon-constrained world, and major ramifications for producers and investors as the clean energy transition takes hold.
September 18, 2018, 12 AM MDT
Alberta’s economy is close to returning “home” post recession, however questions surround the viability of the province’s oil and gas sector and which industries will drive growth over the long haul, says TD Bank Group in an economic forecast for Alberta released Thursday .
September 14, 2018, 8:46 AM MDT
In July, Canadian supply increased by 110,000 bbls/d, to 5.03 million bbls/d, according to the International Energy Agency (IEA), despite an outage at the Syncrude upgrader from mid-month.
September 13, 2018, 7:28 AM MDT
The next few months will be a “crucial period” for the oil market, said the International Energy Agency (IEA) in its September oil market report released this morning.
September 13, 2018, 8:02 AM MDT
With upstream capital investment and field activity in Canada expected to remain flat, oilfield service companies need to look to export markets to soak up excess capacity and grow their businesses.
September 13, 2018, 10:46 AM MDT
Led by the resilient unconventional sector, U.S. oil and gas production continues to strengthen and is poised for further growth, says a new EY study based on Evaluate Energy data.
September 12, 2018, 7 AM MDT
A new Geoscience BC-funded project in northeastern British Columbia to map and predict sour gas aims to improve safety and reduce the cost of natural gas operations.
September 6, 2018, 9:17 AM MDT
The Calgary Chapter of the Society of Petroleum Evaluation Engineers (SPEE) and industry professionals have updated the 3-volume COGEH handbooks into a single digital reference document for National Instrument 51-101 – Standards of Disclosure for Oil and Gas Activities.
September 4, 2018, 6:51 AM MDT
As major pipeline construction activity picks up, the National Energy Board (NEB) is focusing its efforts on reducing the prevalence of incidents on federally-regulated infrastructure that harm people or the environment.
August 22, 2018, 10:12 AM MDT
Numerous factors are shaping the future labour needs of Canada’s oil and gas sector, and industry and educators continue in their efforts to address the need for new and evolving skill sets that will be required going forward.
August 20, 2018, 8:13 AM MDT
In the last few months, PetroLMI has released three new reports which together provide a picture of significant change in Canada’s oil and gas industry.
August 20, 2018, 8:54 AM MDT
Canadian oil output is estimated to have fallen by only 120,000 bbls/d month-on-month in June, despite extensive reported maintenance and an outage at the Syncrude upgrader, according to the International Energy Agency (IEA) in its monthly report on the oil market released this morning.
August 10, 2018, 2:40 AM MDT
An independent Minister’s Advisory Committee for Revitalizing the Agricultural Land Reserve (ALR) and the Agricultural Land Commission (ALC) submitted its interim report to the B.C. government — and oil and gas extraction in the province’s northeast was highlighted as an area of concern.
August 8, 2018, 10:50 AM MDT
The Montney and Deep Basin are the two hottest natural gas plays in Western Canada, but which one has the edge?
August 8, 2018, 6 AM MDT
New low-sulphur marine fuel standards could prove to be disastrous for the Canadian oil producing sector, says a new report by the Canadian Energy Research Institute (CERI), creating the need for more upgrading and refining to take place within Alberta.
August 1, 2018, 9:13 AM MDT