Natural resources GDP on the decline in Canada

Oil sands extraction declined largely because of shutdowns and maintenance of some production facilities. Crude oil extraction also falls

Natural resources GDP on the decline in CanadaThe natural resources sector in Canada continues to be challenged. A new report released Friday by Statistics Canada said real gross domestic product (GDP) of the natural resources sector fell 2.2 per cent in the third quarter, following a 2.8 per cent rise in the second quarter.  The federal agency said the decline was largely…

Alberta needs the ‘war room’ to challenge energy ignorance

Too many reporters have bought into poorly-conceived advocacy positions and fail to provide readers with balanced information

Alberta needs the ‘war room’ to challenge energy ignoranceThe Canadian Energy Centre – also called the “war room” – is online, publishing featured stories, reports, briefs, analysis, perspective and even an Energy IQ quiz. It’s all aimed at distributing information about energy (primarily oil and gas) in Canada. The topics are diverse, ranging from pipelines and oil products to climate, renewables, people stories,…

Alberta will get one more chance to set a new course

Alberta’s economy needs a break after five brutal years since oil prices fell, driving our economy into an agonizing period of stasis

Alberta will get one more chance to set a new courseWe’re told 2020 could be the year Alberta’s economy turns the corner. So, if we do get some economic breathing room, what are we going to do with it? Alberta’s economy is ready for a break. It has been five brutal years since oil prices fell, driving our economy into a long and agonizing period…

RBC has rosier forecast for Alberta’s economy in 2020

RBC Economics predicts the economy will grow by 1.7 per cent next year, while last week ATB Financial called for 0.9 per cent growth

RBC has rosier forecast for Alberta’s economy in 2020Financial institutions operating in Alberta agree on one thing: there will be growth in 2020. They just can't agree on how much. A Provincial Outlook report by RBC Economics says oil production is set to rise materially, business investment will pick up and improving prospects for pipeline capacity expansion will shore up confidence in the…

Alberta, Saskatchewan landlocked and abandoned

Blocking Prairie oil is not about the environment. And neither is it about safety. It's all about politics and control

Alberta, Saskatchewan landlocked and abandonedIn mocking response to those wishing to separate, some quip that Alberta would remain landlocked the day after it becomes independent.  With a more respectful tone, Alberta’s premier used similar words in his recent “fair deal for Alberta” speech. Those endorsing and those opposing Alberta’s separation from Canada would benefit from a clear statement of…

Husky Energy cutting planned capital spending by $500 M

Capital spending in 2020 will be directed towards advancing the Lloyd thermal project and ongoing construction of a project in the Atlantic region

Husky Energy cutting planned capital spending by $500 MCalgary-based Husky Energy announced Monday it is reducing its capital program by half-a-billion dollars in 2022 and 2020. “We are continuing to focus on safe and reliable operations as we build on our improved 2019 performance and work towards our target of becoming a global top-quartile process safety performer by the end of 2022,” CEO…

Wexit threatening Alberta’s economic recovery

The worst thing Alberta can do is let the Wexit debate linger. A never-ending debate will only trigger a permanent loss of economic power and status

Wexit threatening Alberta’s economic recoveryWhen the topic of political separation comes up, there’s one thing most of us can agree on: it’s bad for business. Recent grumblings in Alberta about breaking free of Ottawa’s shackles – which are, less face it, profoundly annoying and bad for business in their own way – brought back memories of that other separatist…

Virtual reality tool will track changes in the oil, gas industry

Users can experience everything from watching a smart pig detect the health of a pipeline to seeing the largest trucks in the world at work

Virtual reality tool will track changes in the oil, gas industryA first-of-its-kind virtual reality tour of Canada’s oil and gas worksites will raise awareness about changes in the industry. The Experience the Energy: Take the Tour platform is an initiative by the PetroLMI Division of Energy Safety Canada. It showcases the careers, the innovation and technologies that are transforming the energy industry. “Over the past…

Alberta sees uptick in wholesale trade sector

Alberta sees uptick in wholesale trade sectorFollowing two consecutive declines, wholesale sales in Alberta increased 1.9 per cent to $6.9 billion in September primarily as a result of higher sales in the machinery, equipment and supplies subsector, says Statistics Canada. The federal agency reported Monday that subsector rose by six per cent to $2.2 billion. “While all industries within this subsector…

How to reform Alberta’s energy regulation

Less red tape and shorter decision timelines would improve Alberta’s investment environment and free up AER’s resources

How to reform Alberta’s energy regulationBy Steven Globerman and Jairo Yunis The Fraser Institute In September, Alberta Energy Minister Sonya Savage announced a formal government review of the Alberta Energy Regulator (AER) and replaced the AER’s board of directors with an interim panel. AER’s mandate is governing structure and operational practices in the industry. Since the announcement, several independent investigations…
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