Energy industry investment cools dramatically

The oil price crash of recent weeks has triggered a wave of huge exploration and production capital expenditure cuts

Energy industry investment cools dramaticallyLack of appetite to invest in the energy sector is leading the world into a supply crunch, says the International Energy Agency (IEA) in its recently unveiled World Energy Investment (WEI) 2020 report. The COVID-19 pandemic is having widespread and often dramatic effects on investments in the energy sector. At the start of the year,…

‘My whole life got turned upside down’

How one University of Alberta student persevered after losing brother in the Humboldt Broncos bus crash

‘My whole life got turned upside down’The loss of her brother in a horrific bus crash that killed 16 members of the Humboldt Broncos hockey team will never leave Mariko Boulet, but as she graduates with her University of Alberta degree on June 12, she hopes it will make her a better person. “I think I’ve become a more loving, understanding…

Baby steps toward restarting our economy

Austria, Denmark and Germany have begun to unfreeze sectors. And Saskatchewan has laid out a cautious four-phase approach

Baby steps toward restarting our economyBy Jock Finlayson and Denise Mullen Business Council of British Columbia The Great Suppression, the widespread shutdown of most non-essential economic and social activity across much of the world, is both a lived experience and experiment like few others in human history. There have been three other worldwide pandemics in the 20th century – 1918…

Death of Canada’s oil and gas sector greatly exaggerated

Neither the lockdown not government diktat will end our dependence on fossil fuels for quite some time

Death of Canada’s oil and gas sector greatly exaggeratedBy Mark Milke and Lennie Kaplan Canadian Energy Centre In 1897 while in London in the midst of a worldwide speaking tour, American author Mark Twain became the subject of rumours back home that he was dead. To discover the truth, a reporter from the New York Journal wrote to Twain to ask if he…

Oil production cut numbers don’t add up

As the cost of pumping crude exceeds the selling price in most cases, production in many oil-producing countries is already taking a hit

Oil production cut numbers don’t add upThe math is fuzzy. When the agreement to cut crude oil output by 9.7 million barrels per day (bpd) was announced, U.S President Donald Trump, who played a dominant role in getting the agreement, went further. “Having been involved in the negotiations, to put it mildly, the number that OPEC-plus is looking to cut is…

Churchill pipeline a rare opportunity for Indigenous

Getting communities engaged in a potential project would allow the northern region to take control of its economic destiny

Churchill pipeline a rare opportunity for IndigenousA pipeline to the Port of Churchill would revitalize the long-neglected economies of northern Manitoba and northern Saskatchewan. But the ultimate success of this proposed project to Churchill, Man., will depend on the involvement and support of Indigenous communities in Manitoba and Saskatchewan. This alternate route to get oil to ocean tankers was proposed when…

Who will blink first in crude oil crisis?

For four years, the U.S. has firmly rejected joining the producers’ club to curb output. It can’t remain aloof any longer

Who will blink first in crude oil crisis?Energy diplomats are on overdrive, seeking to bring an end to the senseless global crude oil war. Russia and Saudi Arabia have flooded the market, driving down oil prices. A G20 virtual meeting of energy leaders is being urged, with International Energy Agency executive director Fatih Birol reportedly propelling the idea. Former U.S. Energy Information…

Oil and gas sector critical to Canada’s economy

The COVID-19 crisis can’t be used as an excuse to kill one of Canada’s largest, best-paying industries, which benefits us all

Oil and gas sector critical to Canada’s economyMark Milke and Lennie Kaplan Canadian Energy Centre While the world grapples with the COVID-19 pandemic and an economic downturn, anti-energy activists have spotted an opportunity: to kill off Canada’s oil and gas industry – the one that provides hundreds of thousands of jobs and hundreds of billions of dollars in tax revenues to governments.…

Oil glut, COVID-19 crisis punishing world crude prices

With demand and supply shock acting simultaneously, crude markets are imploding. And this is just the tip of the iceberg

Oil glut, COVID-19 crisis punishing world crude pricesThe global oil war is on and no one seems to be blinking. Saudi Arabia is set to increase its crude oil exports in May by about 600,000 barrels per day (bpd), bringing its total petroleum exports to 10.6 million bpd, an official at the Saudi Arabian Energy Ministry told the Saudi Press Agency. Russia…

The sky’s the limit for helium industry

The sky’s the limit for helium industryNecessity was the mother of invention for Marlon McDougall. After 35 years in the oil and gas industry, McDougall was frustrated with the pressures of regulations, environmentalism, pipeline restrictions and the need for expensive technologies as more easily accessible reserves were depleted. Then, in 2019, he was approached to work with what’s been called “the…
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