Global crude oil inventories are high and markets are well supplied in the near term, but the prospects for continued ample supply to meet the projected demand rebound post COVID-19 over the period to 2030 “should not be taken for granted,” the International Energy Agency (IEA) said in a new report released this morning.
October 13, 2020, 11:15 AM MDT
A rebound of global oil demand “remains vulnerable to the major economic uncertainties” resulting from the COVID-19 pandemic and world-wide consumption will likely be slow to recover and will peak at a lower level, the International Energy Agency (IEA) said in its World Energy Outlook 2020 released this morning.
October 13, 2020, 9:46 AM MDT
Global natural gas production likely will fall by nearly 200 billion cubic metres in 2020, says the newly-released International Energy Agency (IEA) World Energy Outlook 2020, as a more subdued macroeconomic outlook means a downward revision in supply projections, even though gas so far has been more resilient to COVID-19 impacts than crude or coal.
October 13, 2020, 10:31 AM MDT
Bringing provincial talent to the rest of the world, and vice versa, Emissions Reduction Alberta (ERA) has partnered with the Accelerating CCS Technology (ACT) global initiative to invest in world-class innovation that can lead to safe and cost-effective carbon capture, utilization and storage (CCUS) technology, with ERA committing $5 million to ACT’s current call for proposals — called ACT 3.
October 13, 2020, 8:15 AM MDT
For John Hirschmiller becoming involved in the oil and gas industry seemed almost inevitable.
October 13, 2020, 7:37 AM MDT
Keyera Corp. today announced the start-up of the Pipestone gas plant, five months ahead of its original schedule and at budgeted costs.
October 13, 2020, 8:53 AM MDT
This place we call home, Canada, is outstanding in so many ways. From the landscapes to the mountains to the seascapes, coast to coast to coast, we are so fortunate to live and work in such an extraordinary place.
October 13, 2020, 7:15 AM MDT
In an industry never short of challenges, dissolvable technology has adapted admirably. Today, it’s a common component of well completions, particularly effective in long laterals with higher stage density.
October 13, 2020, 7:17 AM MDT
The Canadian Society for Unconventional Resources and Geoscience BC will jointly host two webinars in September and October to highlight the geoscience research of four graduate students who have recently earned Geoscience BC Graduate Scholarships.
October 13, 2020, 6:48 AM MDT
There were 83 rigs at work this morning in the WCSB, with 422 down, for a 16 per cent active rate, as reported by Rig Locator.
October 13, 2020, 11:39 AM MDT
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October 13, 2020, 7:54 AM MDT
Simon Akit has stepped down as a director of Saturn Oil & Gas Inc. due to additional work commitments.
October 13, 2020, 9:22 AM MDT
Enbridge Gas Inc. is holding an open season for standard C1 service capacity of up to 700,000 GJ/d beginning on Nov. 1, 2020, along the Parkway to Dawn transportation path for a minimum one-year term.
October 13, 2020, 9:06 AM MDT
Bengal Energy Ltd. and Westpac Institutional Bank executed an agreement on Sept. 30, 2020, to extend the maturity date of Bengal’s bank debt of US$12.4 million to Feb. 28, 2021.
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