$923 million spent cleaning up inactive wells, sites and pipelines in 2023 By Grady Semmens As a business owner, Ryan Smith values few things more than predictability when it comes to the oil and gas market and the demand for his company’s services. That’s why knowing that next year in Alberta, the regulator requires at least $750 million worth of work cleaning up inactive oil and gas wells and other legacy energy infrastructure is tremendously helpful for the CEO of Calgary-based 360 [Read more]
Bare minimum amendments to Impact Assessment Act ‘do little’ to address Supreme Court’s concerns
‘Canada should be bold and more intentional...and respond to a world thirsty for more Canadian-made energy, food and critical minerals’ By Deborah Jaremko on October 21, 2024 One year ago, the Supreme Court of Canada found the federal government’s law to assess major projects like pipelines and highways breaks the rules of the Canadian constitution. There’s a good chance it still does, despite amendments enacted this spring. Lawyers with firms including Osler, Hoskin & Harcourt, Bennett [Read more]
AI-driven data centre energy boom ‘open for business’ in Alberta
Alberta Electric System Operator working with at least six new proposed projectsBy Deborah Jaremko and Will Gibson on August 27, 2024 Data centres – the industrial-scale technology complexes powering the world’s growing boom in artificial intelligence – require reliable, continuous energy. And a lot of it. “Artificial Intelligence is the next big thing in energy, dominating discussions at all levels in companies, banks, investment funds and governments,” says Simon Flowers, chief analyst with [Read more]
Analyst says LNG Canada likely to start exports before year-end
Canada’s first liquefied natural gas export terminal ‘on the cusp’ of its testing phase By Will Gibson on August 19, 2024, 10:29 am MDT Momentum is building for the long-awaited start-up of Canada’s first liquefied natural gas (LNG) export project. Shipments from the LNG Canada terminal at Kitimat, B.C. may now start earlier than expected, later this year rather than mid-2025, according to Martin King, Canadian energy specialist with Houston-based RBN Energy. “LNG Canada appears to be on [Read more]
Start-up of Trans Mountain expansion ‘going very well’ as global buyers ink deals for Canadian crude
Chinese refiner pays about US$10 more for oil off TMX compared to sales value in Alberta By Deborah Jaremko on July 17, 2024 Canada’s oil sands producers are “back in the limelight” for investors following completion of the Trans Mountain pipeline expansion, according to a report by Enervus Intelligence Research. For the first time in the better part of a decade, there is now breathing room on the system to ship all of the oil producers are able to sell off the coast of B.C. Up until this [Read more]
What’s next? With major projects wrapping up, what does Canada’s energy future hold
‘This is the first time Canada will enter the global marketplace as a global player, so it is an incredibly important change for the industry’ By Mario Toneguzzi on June 7, 2024, 10:11 am MDT With the recent completions of the Trans Mountain expansion and Coastal GasLink pipelines, and the looming completion of LNG Canada within the next year, there are few major energy projects with the green light for one of the world’s largest and most responsible energy producers. Which leaves a [Read more]
Emissions reducing cogeneration project nears finish line in Alberta’s oil sands
'Technology will continue to play a key role to help the industry meet its environment goals as well as improving production' By Will Gibson on May 23, 2024, 10:01 am MDT Suncor Energy is nearing completion of its upgraded cogeneration project, providing a boost to Alberta’s electrical grid while reducing emissions intensity for the oil sands giant. The $1.4 billion Coke Boiler Replacement Project is swapping out three aging petroleum coke-fired boilers with two high-efficiency [Read more]
LNG leader: Haisla Nation Chief Councillor Crystal Smith on the world’s first Indigenous project
'Now we are working together to make our own opportunities as owners and developers of the resource' By Will Gibson on May 14, 2024Growing up in the 1980s, Crystal Smith felt supported and nourished by her community, the Haisla Nation along the shores of Kitimat, British Columbia. But at the same time, she also sensed the outside world had placed some limitations on her future. “I enjoyed a wonderful childhood with a solid foundation and lots of love, especially from my grandma Cecilia [Read more]
Game changer: Trans Mountain pipeline expansion complete and starting to flow Canada’s oil to the world
'We're going to be moving into a market where buyers are going to be competing to buy Canadian oil' By Deborah Jaremko on May 2, 2024, 9:51 am MDT It is a game changer for Canada that will have ripple effects around the world. The Trans Mountain pipeline expansion is now complete. And for the first time, global customers can access large volumes of Canadian oil, with the benefits flowing to Canada’s economy and Indigenous communities. “We’re going to be moving into a market [Read more]
B.C. expects doubling of natural gas revenues with startup of LNG Canada
Royalties help pay for public services like health care, hospitals, education and schools By Deborah JaremkoAs Canada’s first LNG export terminal prepares for start-up, British Columbia is preparing for an influx of new revenues that will help fund government programs. With the LNG Canada project online – expected by mid-2025 – the province expects proceeds from natural gas development will more than double. The anticipated production of LNG by the middle of this decade boosts the [Read more]
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