Oilsands

Alberta Oilsands Reducing Carbon Footprint, but More Work to be Done

Alberta Oilsands Reducing Carbon Footprint, but More Work to be Done

Alberta oilsands plants have slowed the growth rate of their carbon emissions by becoming more efficient in their role as Canada’s top natural gas user, according to IHS Markit.  An updated production survey released Wednesday showed a 20% reduction of average oilsands greenhouse gas (GHG) emissions since 2009 on a scale known as “intensity.” Instead…

August 5, 2020
Canada’s Wobbling Oil, Liquids Production Seen Achieving Only Modest Recovery into 2021

Canada’s Wobbling Oil, Liquids Production Seen Achieving Only Modest Recovery into 2021

After declining by 20% this spring in part on the Covid-19 pandemic, Canadian oil and natural gas liquids production will only achieve partial recovery into the first half of 2021, according to the U.S. Energy Information Administration (EIA). The Covid-19 pandemic and unstable commodity prices lopped 1.1 million b/d off 2019 supplies of 5.5 million…

July 16, 2020
Keystone XL Crude Pipeline Left Out of U.S. Supreme Court Order Reinstating Key Water-Crossing Permits

Keystone XL Crude Pipeline Left Out of U.S. Supreme Court Order Reinstating Key Water-Crossing Permits

The U.S. Supreme Court on Monday issued a unanimous order reinstating the use of a permit employed to fast-track oil and gas pipeline construction, but the ruling specified that it did not apply to the U.S. leg of the hotly contested Keystone XL crude oil pipeline that is at the center of the debate. The…

July 7, 2020
North America Takes Biggest Global Hit as Upstream Valuation Slumps $1.6T on Oil Price Crash

North America Takes Biggest Global Hit as Upstream Valuation Slumps $1.6T on Oil Price Crash

The oil price debacle, brought about in part by the demand-crushing pandemic, has wiped an estimated $1.6 trillion from the valuation of the global upstream industry, with North American losses leading the way, a new analysis by Wood Mackenzie has found. Global upstream development spend overall this year has been knocked down by 30% from…

June 25, 2020
Amid Oilsands Scrutiny, Canadian Natural Exec Lauds ‘Impressive Results’ On Emissions Intensity in Alberta

Amid Oilsands Scrutiny, Canadian Natural Exec Lauds ‘Impressive Results’ On Emissions Intensity in Alberta

As Alberta oilsands producers face increasing scrutiny over the greenhouse gas (GHG) emissions intensity of their operations, Calgary-based Canadian Natural Resources Ltd. is leading efforts to make exploration and production (E&P) in the province more sustainable, management said Thursday.

March 6, 2020

Alberta Oilsands Value Abetted by ExxonMobil Climate Change Verdict

Alberta oilsands operations, which have become Canada’s top natural gas user, were cleared tangentially of charges that their value is inflated following a decision Tuesday in the New York climate change case against ExxonMobil Corp.

December 13, 2019

Industrial Projects Driving Canadian Natural Gas Pipeline Growth

Projects by Canada’s second largest oilsands producer Suncor Energy Inc. and MEG Energy Corp. are supporting growth for Canadian natural gas use and driving pipeline additions by TC Energy Corp.’s gathering and delivery grid in Alberta and British Columbia, Nova Gas Transmission Ltd. (NGTL).

September 11, 2019
Canadian Oilsands Production Growth Forecast Said Boon for Natural Gas Demand

Canadian Oilsands Production Growth Forecast Said Boon for Natural Gas Demand

Cost control has made the Alberta oilsands, Canada’s star growth market for natural gas, “decidedly economic” and production will likely climb when pipeline projects clear regulatory delays, according to the Canadian Energy Research Institute (CERI).

August 5, 2019

Alberta, Canadian Review Panel Endorses C$20.6B Frontier Oilsands Proposal

A joint review panel (JRP) of the Alberta Energy Regulator (AER) and the Canadian Environmental Assessment Agency (CEAA) has endorsed a proposal by Vancouver-based Teck Resources Ltd. despite findings that effects on nature would be significant.

August 1, 2019

Duvernay, Montney Growth Requires Natural Gas Pipeline Expansion, Says NGTL

Wells in the Montney and Duvernay formations in northern Alberta and British Columbia will increasingly dominate natural gas production in the provinces, TransCanada Corp.’s Nova Gas Transmission Ltd. (NGTL) said in the second pipeline expansion proposal to regulators in a week.

April 5, 2019
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