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…

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, 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…

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…

Oil drilling industry pressures Ottawa

Industry blames ‘punitive’ federal policies and regulations for its struggles

Oil drilling industry pressures OttawaFollowing the federal election in October, the sentiment toward Canadian oil and gas is nearing all-time lows, says a report by the Canadian Association of Oilwell Drilling Contractors. The association says that since 2017 the industry has lost an estimated $30 billion in foreign capital, and companies continue layoffs and relocation efforts. It says its…

Canadian energy production on the decline

StatsCan said crude oil delivered by pipelines to Canadian refineries was up 9.1% to 8.6 million cubic metres

Canadian energy production on the declineEnergy production in Canada declined in several sectors in August compared with the same month in 2018, according to Statistics Canada. The federal agency reported on Monday that production of crude oil and equivalent products (-2.4 per cent), natural gas (-4.8 per cent) and coal (-5.2 per cent), as well as electricity generation (-3.6 per…

Canadian drilling forecast continues to cool

Capital, companies, equipment and crews are leaving Canada for better opportunities, with the U.S. an easy choice: PSAC

Canadian drilling forecast continues to coolThe Petroleum Services Association of Canada has decreased its forecast for the number of wells expected to be drilled across Canada for this year. In its third update to its 2019 Canadian Drilling Activity Forecast, PSAC revised its number from 5,300 (May 2019 revision) to 5,100 wells drilled. PSAC now projects 2,425 wells to be…

Husky Energy ramps up production in Saskatchewan

‘Our Saskatchewan production is not subject to government-mandated production quotas. In addition, we have many diverse investment options’

Husky Energy ramps up production in SaskatchewanHusky Energy says it has started production at its Dee Valley thermal project in Saskatchewan. It’s the second of six 10,000-barrel-per-day thermal bitumen projects to be brought on stream from 2018 to 2022. “Dee Valley is the latest in our deep portfolio of repeatable, small-scale Lloyd developments that provide low-cost, reliable feedstock for our upgrader,…

Number of petroleum wells drilled to drop by nearly one-third this year

Number of petroleum wells drilled to drop by nearly one-third this yearNearly one-third fewer petroleum wells will be drilled in Canada this year compared to 2018, according to an industry association. The Petroleum Services Association of Canada (PSAC), in its third update to its 2019 Canadian Drilling Activity Forecast, is again decreasing its forecasted number of wells to be drilled across Canada for 2019 from 5,300…

Brad Wall sees a bright future for Western Canada

In the conclusion of an exclusive two-part interview, the former Saskatchewan premier talks about how changing political winds will drive the economy

Brad Wall sees a bright future for Western CanadaFormer Saskatchewan premier Brad Wall recently joined Calgary-based Avenue Living Asset Management as a special business adviser, as well as a trustee to the Avenue Living Real Estate Core Trust. The company has more than $1.3 billion in assets with more than 8,500 residential units across Western Canada. Calgary's Business has a two-part question and…
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