No issue in Canada has been framed as more black and white than pipeline development
It’s often said that you can have it all, but not all at once. The key to finding work/life balance is to measure success not by the day or week, but over the longer term. So it is with our choices for Canada. We are often told that we have to choose between being socially…
According to the Canadian Association of Oilwell Drilling Contractors, each active rig represents about 21 direct jobs and 124 indirect jobs
New data released on Wednesday by ATB Financial’s Economics & Research Team indicates the Alberta oil and gas drilling industry is still struggling. In its daily economic update The Owl, the team said the average number of active rigs over the first nine months of 2019 was 92, compared to 140 over the same period…
Pipelines delivered 8.9 million cubic metres of crude oil to Canadian refineries and upgraders in July, up 15%
Statistics Canada says the production of crude oil and equivalent products rose in July to the highest level so far this year. In a report released on Friday, the federal agency said production was up 2.2 per cent to 23.2 million cubic metres (145.8 million barrels). “The increase was attributable primarily to synthetic crude oil…
How the NDP can still be competitive in oil-and-gas rich provinces like Alberta and Saskatchewan when it is devoutly anti-energy is beyond me
My dad, Anthony “Tony” Diotte was a locomotive engineer at Algoma Steel in Sault Ste. Marie, Ont., a long-time executive for his United Transportation Union local as well as a staunch supporter of the NDP until his death in 1994. But I can guarantee you my father would not vote for the federal NDP today.…
Real gross domestic product was essentially unchanged during July
After four months of growth, Canada’s overall economy seems to have taken a breather in July as the oil and gas extraction sector declined. According to a report released on Tuesday by Statistics Canada, real gross domestic product was essentially unchanged during the month. The federal agency said goods-producing industries were down 0.7 per cent…
Calgary-based AltaGas is selling its interest in the Central Penn Pipeline for $870 million, the company announced on Monday. In a news release, AltaGas said it has entered into an agreement for the sale of its indirect, non-operating interest in the pipeline held by its subsidiary WGL Midstream Inc., to Meade Pipeline Investment, LLC, a…
How well prepared is Alberta for the disruptive change coming to the province’s energy sector?
This past week has seen further waves buffeting the oil industry. Millions of people around the world marched on Friday demanding climate action, and British Columbia won a court ruling that temporarily blocks Alberta’s turn-off-the-taps legislation. Against this backdrop, the recent Energy Disruptors conference in Calgary was timely indeed. The event brought about 1,500 energy…
Total expenses were $137.4 billion (up 25.6 per cent), resulting in a net loss of $13.9 billion, says Statistics Canada
Total revenue for the Canadian oil and gas extraction industry rose 4.9 per cent to $123.5 billion in 2018, following a 35.5 per cent increase in 2017, but total expenses were $137.4 billion (up 25.6 per cent), resulting in a net loss of $13.9 billion, says Statistics Canada in a report released Wednesday. “Total operating…
Energy Disruptors: Unite 2019 is returning to Calgary this week. The event is intended to encourage action among world-renowned thought leaders to look at the greatest energy challenges as opportunities. The event takes place Tuesday and Wednesday at Stampede Park. The 2019 summit will be headlined by well-known author and speaker Malcolm Gladwell. “We have…
There were days through the spring and summer when thousands of people poured into Calgary’s streets to demonstrate support for Canada's upstream oil and gas sector. There were placards, posters and T-shirts with slogans. There were chants and speeches. There was undeniable passion. They rallied to support the integrity of Canadian oil and gas –…
David Yager, author of From Miracle to Menace: Alberta, A Carbon Story, talks about bringing the climate policy conversation back to reality
David Yager is an energy policy analyst, oil and gas writer and author of From Miracle to Menace: Alberta, A Carbon Story. Why did you write your book? Yager: As the climate change issue grew, it was accompanied by more advice that Alberta move from a sunset industry – fossil fuels – to renewables. B.C.…
Ruling delaying the Trans Mountain pipeline once again makes it clear we need legislation to clarify what indigenous consultation means
By Ashley Stedman and Elmira Aliakbari The Fraser Institute In yet another example of the federal government’s failure to get Indigenous consultation right, the Federal Court of Appeal recently ruled that six of 12 legal challenges to the Trans Mountain pipeline expansion can proceed. The result? Canada’s energy sector will continue to face transportation constraints,…
Brings together the largest oil and gas process team for complex upstream and downstream flowsheet development in Canada
Two significant players in Alberta's oil and gas market have merged. In a news release on Wednesday, Hatch Ltd. announced that Upside Engineering Ltd. has joined Hatch, bringing together the largest oil and gas process team for complex upstream and downstream flowsheet development in Canada with a well-established local engineering firm that specializes in midstream…
Forecast for economic growth a meagre 0.6 per cent this year and 1.9 per cent for 2020: RBC
The story in Alberta remains the energy sector’s access to markets and that continues to impact the province’s economy, says a new report released Wednesday by RBC Economics. The bank’s latest Provincial Outlook forecasts economic growth of a meagre 0.6 per cent this year and it has downgraded its 2020 forecast to 1.9 per cent…