Upstream natural gas and oil explorers in Canada are expected to increase their capital spending over 2023, but not by much, according to a top industry group. The Canadian Association of Petroleum Producers (CAPP) issued its latest survey of capital expenditures (capex) for the upstream sector in Canadian dollars (C$1.00/US74 cents). Capex is forecast at…
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Canada Producers Tout Lower Emissions from Conventional Natural Gas, Liquids Production
Greenhouse gas (GHG) emissions shrank while Canadian natural gas and liquids byproduct output grew during the 2012-2021 period, according to government records compiled by the Canadian Association of Petroleum Producers (CAPP). Annual GHG discharges from gas, condensate and lighter fluids production dropped by 22% to 50 million tons in 2021 from 64 million tons in…
Canadian PM Takes Hard Line on Oil, Natural Gas Emissions Ahead of Election
Canadian Prime Minister Justin Trudeau has singled out the oil and gas industry as a target for toughened pollution policing in his campaign for reelection of his Liberal government in a Sept. 20 national vote. “Let’s be realistic,” said Trudeau as he unveiled an environmental plank in the party platform at a weekend rally in…
Canada Oil, Gas Producers Urge National Tax Break to Counter Covid-19, Depressed Prices
Canadian oil and gas producers made their second appeal Thursday for a national corporate tax break to counter depressed sales and prices blamed on the Covid-19 pandemic, global supply gluts and environmental movements to curb fossil fuel use.
Robust Natural Gas Growth Seen Likely for Canadian Oilsands Plants
Natural gas use by thermal oilsands plants could grow almost as fast as their bitumen production over the next 10 years, the Alberta Energy Regulator (AER) predicted.
Natural Gas Shippers Win Toll Cut on TransCanada’s Mainline
Natural gas shippers have won a C$1.14 billion ($910 million) toll cut on TransCanada Corp.’s cross-country Mainline after a 10-month dispute over pipeline finance before the National Energy Board (NEB).
Canadian Oil and Gas Industry Points Regulators to Southern Neighbor’s Success Model
Canada’s top oil and natural gas companies on Monday launched a national appeal for the federal and provincial governments to respond to tax cuts and deregulation in the United States.
New Left-Leaning BC Government Will Keep Pedal to the Metal on Shale Development
A new left-leaning provincial government poses no red peril against accelerating development of British Columbia’s liquids-rich shale and “tight” natural gas formations, participants in the drilling said Wednesday.
Canadian Oilsands Gas Demand Projected to Be Robust
Canada’s biggest natural gas consumer — Alberta thermal oilsands production — will grow by 54% over the next 15 years, according to an industry survey.
Canada’s Oil Output to Increase, But Not as Much, in 2015 and 2016
A 19% cut in industry spending is expected to pare production growth this year and next, the Canadian Association of Petroleum Producers (CAPP) predicted Wednesday.