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…
The Alberta government is launching the Canadian Energy Centre to counteract what it says is the misinformation that is being spread about the industry. “For too long, the reputation of Alberta’s energy sector has been damaged by a deceitful campaign to landlock the oilsands. That’s why our government has started the process of creating the…
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…
Lack of new capital in the oil and gas industry continues to limit growth, says CBRE
Lack of new capital in the oil and gas industry continues to limit growth in Calgary’s struggling downtown office market, says commercial real estate firm CBRE. The company’s latest report says the Calgary downtown office market experienced 192,548 square feet of negative net absorption (the change in occupied space) in the third quarter. That follows…
Plant processes light oil into low-sulphur gasoline and ultra-low sulphur diesel, along with other products
Husky Energy is selling its Prince George Refinery to Tidewater Midstream and Infrastructure for $215 million in cash, plus a closing adjustment for inventory and a contingent payment of up to $60 million over two years. The company said in a news release on Friday that the transaction is expected to close in the fourth…
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…