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Discouraging signals for Canadian Beaufort exploration as Shell abandons Alaska
CALGARY – Royal Dutch Shell’s decision to scrap plans to explore for oil off Alaska’s coast is sending a discouraging signal to those who want to see Canada’s Arctic offshore resources developed. Shell drilled a well in the Chukchi Sea…
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C.D. Howe says design of Alberta royalty regime should be overhauled
CALGARY – The C.D. Howe Institute has some advice for Alberta’s royalty review panel: focus on the design of the system rather than the rates oil and gas producers have to pay. A new report from the think-tank argues Alberta’s…
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Business shifts in Canada’s oil and gas industry spurs increased need for more skilled and knowledgeable workers
CALGARY – The growing technical and business complexities of Canada’s oil and gas industry, together with the need to remain competitive internationally, is driving demand for a more skilled and knowledgeable workforce, according to a report released today by the…
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Energy startup Imaginea more Silicon Valley than Calgary oilpatch
CALGARY – Imaginea Energy Corp. has a lot of what one would expect to see in the office of a junior oil and gas company: geological maps of Alberta on the walls and filing cabinets brimming with folders of well…
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B.C. LNG industry will increase fracking-caused earthquakes: expert
VANCOUVER – If the liquefied natural gas industry proceeds as the British Columbia government hopes, there could be five times as many fracking-caused earthquakes, warns one expert. But the company that would provide gas to a major LNG terminal –…
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Alberta faces $5.9B deficit or worse if oil stays low: Minister
EDMONTON – Alberta’s finance minister says the province is on track for a record $5.9-billion deficit this year as the oil crunch hits families and businesses. And Joe Ceci says the worst may not be over if low oil prices…
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South Dakota panel set to hear debate over Keystone XL oil pipeline a second time in 5 years
PIERRE, S.D. – State regulators this week will consider whether to approve for the second time in just over five years construction through South Dakota of the long-delayed Keystone XL oil pipeline, but it’s unlikely a decision will come immediately.…
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N.W.T. in preliminary talks with firms about potential Arctic oil pipeline route
CALGARY – The Northwest Territories government has been talking to pipeline companies about shipping crude oil through the Arctic, according to the territory’s minister in charge of resource development. David Ramsay and N.W.T. Premier Bob McLeod have for some time…
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Oilpatch making the best of it as crude drops toward US$50 a barrel
CALGARY – With oil prices drifting closer to US$50, energy executives in downtown Calgary are trying to stay positive. Apart from the crude drop and stock hit, “everything’s working pretty well” at Cenovus Energy these days, deadpanned Harbir Chhina, the…
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Alberta’s Industrial Heartland welcomes NDP approach to oil and gas processing
CALGARY – Alberta’s NDP government has made it clear it would prefer to see less of Alberta’s resources ripped and shipped, and more processed into higher value products at home. But much remains unknown about how, precisely, the NDP may…