As the Clean Fuel Standard is set to be rolled out by year’s end, it has folks across myriad industries concerned the sweeping changes proposed by the Federal Government for 20222 may not be enough time to implemented for companies and industries. The objective of the Clean Fuel Standard (CFS) is to achieve up to 30 million tonnes of annual reductions in greenhouse gases (GHG) by 2030, meaning a significant contribution towards Canada’s ambitious target of reducing its national GHG emissions [Read more]
Oil & gas holiday wishlist
With Christmas a few weeks away, Santa and his reindeer are prepping for another worldwide tour of handing out gifts, and Canada’s oil and gas sector is hoping to find some presents underneath the tree this year. This year has been one of the hardest on record for the battered and bruised industry, experiencing a once-in-a-lifetime global pandemic and a historic price collapse that saw thousands of people lose their jobs. So with Christmas around the corner, the oil and gas sector has been [Read more]
Alberta crude’s 12,000 km trip to… Canada?
Earlier this year, the first shipment of Alberta crude oil, an estimated 450,000 barrels, arrived on the east coast, completing an arduous and lengthy 12,000 km trip from British Columbia, through the Panama Canal before ending in Saint John. On June 18, oil from Calgary-based Cenovus Energy made its way via the Trans Mountain pipeline from the Westbridge Marine Terminal in Burnaby, B.C. to Irving Oil’s refinery in Saint John, which is the largest oil refinery in the country, capable of [Read more]
How a COVID-19 vaccine could affect oil and gas
As COVID-19 case numbers surge across the globe like a hot knife through butter, news of a potential vaccine has people clinging to hope that there is light at the end of the tunnel. The hope is the vaccine could all but end this pandemic that has claimed well over a million people. The deadly combination of the pandemic disrupting the planet and a supply glut generated this unprecedented crisis for the industry. For the oil and gas industry, which has been ravaged by the pandemic, the [Read more]
Joe Biden, climate defender?
President-elect Joe Biden has made it no secret he plans to be a champion for climate change and the environment, with his nearly $2 trillion climate plan. In his debate with Donald Trump on Oct. 22, Biden stated, “I would transition from the oil industry, yes,” citing climate change as one of his top priorities. Biden’s campaign promises and words said along the campaign trail do not seem to be lining up with everything he’s been doing post-election, walking back comments from his debate [Read more]
Alberta’s main economic driver continues to struggle in 2020
It’s been a challenging year for the oil and gas industry in Alberta, as the province has seen depressed oil prices, little work to be found, and drilling all but halted. From BOE’s Well Activity Map, one can see 583 wells of oil/bitumen, gas, and others found. This number represents a stark cry from 2019’s 1,920, and even further from 2018’s 7,445. The CAODC Rig Count shows 51 active rigs currently in Alberta. These numbers are much different from November 2019 when Alberta had 87 active [Read more]
What’s in store for Alberta with a Biden presidency?
Over the weekend, it was announced that Joe Biden will be the next President of the United States, ending days of speculation for the world. The news has Albertans wondering just how this will affect not only them but their oil and gas industry. The sector has been through a tumultuous year, navigating its way through a global pandemic, seeing spending slashed, and enduring thousands of job layoffs. The U.S. is Canada’s biggest customer of oil and natural gas exports, and with Biden’s [Read more]