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…
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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…
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…
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…
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.
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.
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).
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).
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.
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.