‘Existing oil sands projects deliver some of the lowest-breakeven oil in North America’ By Will Gibson As geopolitical uncertainty ripples through global energy markets, a new report says Alberta’s oil sands sector is positioned to grow thanks to its lower costs. Enverus Intelligence Research’s annual Oil Sands Play Fundamentals forecasts producers will boost output by 400,000 barrels per day (bbls/d) by the end of this decade through expansions of current operations. “Existing oil sands [Read more]
Canada’s pipeline builders ready to get to work
Leaders push to ‘substantially revisit’ Impact Assessment Act By Deborah Jaremko It was not a call he wanted to make. In October 2017, Kevin O’Donnell, then chief financial officer of Nisku, Alta.-based Banister Pipelines, got final word that the $16-billion Energy East pipeline was cancelled. It was his job to pass the news down the line to reach workers who were already in the field. “We had a crew that was working along the current TC Energy line that was ready for conversion [Read more]
First Nations in Manitoba pushing for LNG exports from Hudson’s Bay
NeeStaNan project would use port location selected by Canadian government more than 100 years ago By Will Gibson Building a port on Hudson’s Bay to ship natural resources harvested across Western Canada to the world has been a long-held dream of Canadian politicians, starting with Sir Wilfred Laurier. Since 1931, a small deepwater port has operated at Churchill, Manitoba, primarily shipping grain but more recently expanding handling of critical minerals and fertilizers. A group of 11 First [Read more]
New Canadian oil and gas pipelines a $38 billion opportunity, says Montreal Economic Institute
Report finds Energy East alone could have exported 27 per cent of Canadian oil outside the U.S. last year By Cody Ciona Building pipeline export capacity from west to east would benefit Canadians by diversifying trade, says the Montreal Economic Institute (MEI). In a recent report, MEI found that if the proposed Energy East and Gazoduq/GNL Quebec projects had been built, Canada would have been able to export $38 billion worth of oil and gas to non-U.S. destinations last year. “Based on the [Read more]
Saskatchewan Indigenous leaders urging need for access to natural gas
Families having to choose between buying groceries or heating their homes By Cody Ciona and Deborah Jaremko Indigenous communities across Canada need access to natural gas to reduce energy poverty, says a new report by Energy for a Secure Future (ESF). It’s a serious issue that needs to be addressed, say Indigenous community and business leaders in Saskatchewan. “We’re here today to implore upon the federal government that we need the installation of natural gas and access to natural [Read more]
The beauty of economic corridors: Inside Alberta’s work to link products with new markets
Q&A with Devin Dreeshen, Minister of Transport and Economic Corridors By CEC Staff Devin Dreeshen, Alberta’s Minister of Transportation and Economic Corridors. CEC: How have recent developments impacted Alberta’s ability to expand trade routes and access new markets for energy and natural resources? Dreeshen: With the U.S. trade dispute going on right now, it’s great to see that other provinces and the federal government are taking an interest in our east, west and northern [Read more]
Alberta’s massive oil and gas reserves keep growing – here’s why
Q&A with Mike Verney, executive vice-president, McDaniel & Associates By Deborah Jaremko New analysis commissioned by the Alberta Energy Regulator has increased the province’s natural gas reserves by 440 per cent, bumping Canada into the global top 10. Alberta’s oil reserves – already fourth in the world – also increased by seven billion barrels. The report was conducted by Calgary-based consultancy McDaniel & Associates. Executive vice-president Mike Verney explains what it [Read more]
Rural Ontario community celebrates being connected to natural gas for the first time
‘I see energy security as a balance. We need all of the above, including oil and gas’ By Will Gibson Dave Barton drives an electric vehicle and has solar panels on the roof of his family’s house. But the mayor of Uxbridge Township – equal parts bedroom community, farmland and greenbelt located about 45-minute drive northeast of Toronto – is an unabashed supporter of natural gas. “We are located in the Durham region, which is home to two nuclear plants in Pickering and Darlington. But when [Read more]
Alberta power outages and higher costs on the way with new federal electricity regulations, AESO says
Clean Electricity Regulations put Alberta grid at risk for ‘minimal emissions reductions’ By Cody Ciona Alberta is at risk of power outages by the mid-2030s as a result of the federal government’s Clean Electricity Regulations (CER), says a new report by the Alberta Electric System Operator (AESO). The AESO’s analysis found the new regulations, which came into effect on January 1, will make the province’s electricity system more than 100 times less reliable by 2038. Alberta has [Read more]
Experts urge caution with Canadian energy in response to Trump tariffs
‘We want Americans to stand up for our supply’ By Will Gibson A lawyer by training, Gary Mar is also a keen student of history. And he recommends Canadians look at what happened when past U.S. administrations imposed tariffs on imports before jumping to add costs to Canadian energy. “President Richard Nixon imposed a 10 per cent tariff in 1971 and withdrew it after a few months because it caused so much pain for American consumers,” says Mar, CEO of the Canada West Foundation, who [Read more]
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