Oil sands extraction declined largely because of shutdowns and maintenance of some production facilities. Crude oil extraction also falls
The 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…
Blocking Prairie oil is not about the environment. And neither is it about safety. It's all about politics and control
In 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…
Industry blames ‘punitive’ federal policies and regulations for its struggles
Following 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…
StatsCan said crude oil delivered by pipelines to Canadian refineries was up 9.1% to 8.6 million cubic metres
Energy 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…
Capital, companies, equipment and crews are leaving Canada for better opportunities, with the U.S. an easy choice: PSAC
The 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…
This Crown corporation’s long-term future is safest in private, rather than public, hands
By Dónal Gill Research Associate Frontier Centre for Public Policy The Frontier Centre for Public Policy recently released Running Hard to Adapt in a Dangerously Fast-Changing Industry by Ian Madsen, a senior policy analyst with the centre. The paper conducts an in-depth valuation and strategic appraisal of SaskPower, using an intrinsic value method and market-based…
International conflicts are dominating the news; China is vying for power in the Pacific Ocean, and in most other parts of the world; Russia is causing trouble wherever it can, and the Middle East remains tense as it has always been. Meanwhile, another international dispute is going on in our own backyard right before our…
And StatsCan says exports of crude oil and equivalent products increased in March
Production in all primary energy sectors rose in March compared with a year ago, according to data released Wednesday by Statistics Canada. And over the same period, exports of crude oil and equivalent products increased, while exports of natural gas and electricity decreased. The federal agency said production of crude oil and equivalent products rose…
In the conclusion of an exclusive two-part interview, the former Saskatchewan premier talks about how changing political winds will drive the economy
Former 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…
StatsCan study over 66 years provides insight into which provinces experienced the most growth over three generations
Data released Thursday by Statistics Canada may be a couple of years old but it illustrates the importance of the oil and gas sector to the economies of several provinces. “According to a new study, from 1950 to 2016, real gross domestic income (GDI) per capita grew fastest in provinces with large oil and gas…
The 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…
