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…
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.…
Canada's oil and natural gas industry should play a major role in meeting global energy demand: CAPP
The world wants Canadian oil and natural gas, according to an updated international research survey by Ipsos, conducted on behalf of the Canadian Association of Petroleum Producers (CAPP). In the 2019 Global Energy Pulse, a follow up to its 2017 survey, Ipsos found respondents from 31 countries chose Canada as their No. 1 oil and…
Thomas Elwell of KATE Energy talks about bringing his vision to life and the struggles every entrepreneur faces on the road to success
Thomas Elwell is CEO of KATE Energy. What is KATE Energy and what does it do? Elwell: KATE Energy is a Calgary based producer of cleaner, more affordable and sustainable power and heat. We are a young company that was founded in early 2016 and is moving from the startup phase to commercial operations and…
TC Energy Corp. says it has entered into an agreement through its wholly-owned subsidiary, TransCanada Energy Ltd., to sell interests in three Ontario natural-gas-fired power plants to a subsidiary of Ontario Power Generation Inc. for approximately $2.87 billion. The company said the facilities include the 683-megawatt Halton Hills power plant, the 900-megawatt Napanee generating station,…
Partisan environmental reports like the recent one from GEM abound with misinformation regarding natural gas - and the media has failed to fact check
It’s summer in Canada and the last thing on many people’s minds is foreign-funded activist groups working against a Canadian industry. Sadly, this tactic continues to gain traction in the media. For a long time, these special-interest groups have targeted Canada’s natural resources by slapping our oil and natural gas industry with ‘dirty’ labels. They…
Two articles published in the Globe and Mail recently might make supporters of Canadian LNG pause and wonder whether they’re backing the right horse. Marc Lee, a senior economist with the Canadian Centre for Policy Alternatives (CCPA), wrote an opinion column entitled “LNG’s big lie,” and a couple of days later, the Globe published a…
Part of efforts to fund portfolio of natural gas pipelines, liquids pipelines and power generation projects
TC Energy Corp. has announced it has entered into an agreement to sell its U.S. midstream assets held by its subsidiary Columbia Midstream Group to UGI Energy Services, LLC, a subsidiary of UGI Corp., for about $1.7 billion. The company, formerly known as TransCanada, said the transaction is expected to close in the third quarter…
Pietro Di Zanno of Di Zanno and Associates talks about the importance of delivering on promises
Pietro Di Zanno is president of Di Zanno and Associates, Inc. Can you explain your background and what you do? Di Zanno: I’m grateful for what I’ve been able to experience personally and professionally my whole life. I was raised by a loving family, one that pushed me to develop my curiosity and to strive…
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…
