Canada
News
March 30, 2022
The Government of Canada on Tuesday released the 2030 Emissions Reduction Plan, which included emission reduction targets for the oil and gas sector and support for renewable energy.
News
March 28, 2022
Canada’s oil sands would play the biggest role in the government’s pledge to boost crude and natural gas exports by 300,000 barrels a day this year to compensate for Russian supplies.
News
March 24, 2022
The Canadian government delayed bids for oil exploration off the coast of Newfoundland and Labrador by up to 90 days, leading industry groups to warn that continuous regulatory delays could turn away investors.
News
March 15, 2022
Demand for rigs is now higher than it’s been in years, and the Canadian summer drilling season is likely to start earlier than usual.
News
March 04, 2022
Canada must find a path forward to build major projects that are environmentally responsible, create desperately needed jobs and develop critically important energy infrastructure while working to reduce emissions.
News
March 04, 2022
A poll taken in January shows that 84% of respondents support the Newfoundland and Labrador offshore oil and gas industry and 89% of respondents support the Bay du Nord project's approval.
News
March 03, 2022
Canada is ratcheting up sanctions on Russia in response to the invasion of Ukraine in coordination with Western allies, unveiling new restrictions on energy companies and steep tariffs on exports.
Article
February 2022
Every region will post an increase, led by the Middle East, the Americas, Africa and the FSU. Offshore activity will grow at about the same pace as onshore drilling.
Article
February 2022
While last year Covid seemed to be withering away, this year Covid is still around but definitely on the decline. Spot prices are high enough for everyone to make a profit, and then some, averaging lately in the high $80s to low $90s (perhaps too high).
News
February 18, 2022
The cost to expand the Trans Mountain oil pipeline that Justin Trudeau’s government bought from Kinder Morgan Inc. has jumped by 70% to nearly $17 billion.
Article
February 2022
As the global economy recovers from the pandemic, indicators have shifted to a positive outlook for the first time in many years. But politics, especially in Canada, have cast a pall over any potential turnaround for the Canadian industry.
News
February 15, 2022
In the early morning hours of Feb. 15, 1982, the Ocean Ranger semi-submersible drill rig sank on the Grand Banks of Newfoundland and Labrador, claiming the lives of all 84 crew members on board.
News
February 11, 2022
Noia dismisses suggestions from anonymous sources in recent media articles that tradeoffs could be considered in exchange for approval of the Bay du Nord development project.
News
February 10, 2022
Black & Veatch performed the pre-FEED study and now proceeds with full FEED to deliver the proposed Cedar LNG Project that will produce low carbon, cost-effective LNG for the global market.
News
February 08, 2022
Canadian light oil producer Crescent Point Energy Corp. is looking to sell a package of lands in Alberta and Saskatchewan that was recently producing 11,154 barrels of oil equivalent per day.
News
January 27, 2022
The combined shares of five of the largest oil sands companies have outpaced the broader S&P 500 Energy Index over the past three months. The 25% surge comes as U.S. crude oil prices approach $90 a barrel for the first time since 2014.
Article
January 2022
Newfoundland and Labrador inexplicably ceases seismic funding
Article
January 2022
Sooner or later in this type of job (editor), even the few governmental officials that you thought were good will eventually disappoint you.
News
January 14, 2022
Canada is preparing to roll out a tax credit for investments in carbon capture, a key step to reduce greenhouse-gas emissions from its oil sands, and will soon outline its 2030 goals for pollution cuts.
News
January 13, 2022
Exxon and its majority-owned Imperial Oil Ltd. unit will start marketing XTO Energy Canada, which produces 9,000 barrels a day of crude and 140 million cubic feet a day of natural gas in the Montney and Duvernay shale formations of Alberta and other areas, Imperial said in a statement.
News
January 13, 2022
Canada will face challenges in retaining its status as a global oil and gas power in a world transitioning toward net zero carbon emissions by mid-century, the International Energy Agency said.
