The current global crisis has lain down the gauntlet for Canadian oil & gas. A window of opportunity is open for the industry to strengthen balance sheets and prepare their organizations for future demand growth.
October 5, 2020, 6:57 AM MDT
Until a few years ago, the Canadian oil & gas industry enjoyed more than 100 years of relatively steady progress. A business built on a model that expected demand to increase in lockstep with global population growth was upset when worldwide production outstripped demand and environmental concerns delayed much-needed midstream infrastructure
October 2, 2020, 7:40 AM MDT
Large scale property acquisitions peaked in 2016–2017 led by China Molybdenum’s purchase of the Tenke Fungurume mine in the Democratic Republic of the Congo.
October 2, 2020, 7:44 AM MDT
Industry seeks a “next new normal” in the oil and gas markets during current uncertain times, which when paired with lower commodity prices means many firms may need to permanently lower cost structures even further than they have already, says Dinara Millington, vice-president of research at the Canadian Energy Research Institute (CERI).
October 1, 2020, 7:44 AM MDT
Until a few years ago, the Canadian oil & gas industry enjoyed more than 100 years of relatively steady progress.
October 1, 2020, 6 AM MDT
Large scale property acquisitions peaked in 2016–2017 led by China Molybdenum’s purchase of the Tenke Fungurume mine in the Democratic Republic of the Congo.
October 1, 2020, 8:32 AM MDT
Until a few years ago, the Canadian oil & gas industry enjoyed more than 100 years of relatively steady progress.
September 30, 2020, 6 AM MDT
A new report released today by the Canadian Energy Pipeline Association (CEPA) indicates how safe the pipeline industry really is and, for the past five years, people and governments have realized they are the safest way to move needed energy, Chris Bloomer, CEPA chief executive officer, said in an interview.
September 30, 2020, 11:22 AM MDT
Members of the Canadian Energy Pipeline Association (CEPA) upped their game in 2019, reporting a total of only nine incidents, including one significant natural gas leak and no significant liquids spills, on pipeline rights-of-way.
September 30, 2020, 7 AM MDT
Until a few years ago, the Canadian oil & gas industry enjoyed more than 100 years of relatively steady progress. A business built on a model that expected demand to increase in lockstep with global population growth was upset when worldwide production outstripped demand and environmental concerns delayed much-needed midstream infrastructure.
September 29, 2020, 6:13 AM MDT
Until a few years ago, the Canadian oil & gas industry enjoyed more than 100 years of relatively steady progress. A business built on a model that expected demand to increase in lockstep with global population growth was upset when worldwide production outstripped demand and environmental concerns delayed much-needed midstream infrastructure.
September 28, 2020, 6:46 AM MDT
September 23, 2020, 11 AM MDT
The public doesn’t trust the oilsands to tell a credible and consistent story about its performance and now is the time to start rebuilding trust, and examining how other resource sectors have faced and overcome similar challenges, says a new report from the Canada West Foundation.
September 22, 2020, 6 AM MDT
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
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