Proper abandonment of Oil & gas assets is a critical responsibility in the energy industry. Improperly abandoned wells, pipelines, & facilities can pose significant environmental and public health risks. ELM Inc. (“ELM”), assists our clients in their responsibilities to safeguard the environment, mitigate negative climate change impacts, and protect communities from potential hazards with proper closure techniques. Recently, a client tasked ELM with the abandonment of 44 complex and [Read more]
battery
Is the World on Track to Reach Net Zero Emissions on Time?
It’s pretty well known that some 110 countries are committed to net zero emissions by 2050, including the U.S., the EU, the UK, Australia and... Canada. So it’s a bit puzzling that the Canadian federal government is proposing regulations this year which would require electricity grids across the country to reach net-zero emissions within a dozen years… by 2035. So why the rush to 2035 for electrification if the emissions commitment is for 2050? Premier Danielle Smith and her ministers [Read more]
The rush to net zero 2035 and the implications for electrical grid transitions
There were some interesting declarations made this week by Jonathan Wilkinson, Minister of Energy and Natural Resources. He met with Dr. Fatih Birol, Executive Director of the International Energy Agency for a bilateral meeting in Paris France and subsequently released Canada's Carbon Management Strategy which advocates for increasing electrification… “Electrifying more activities—from vehicles to heating and cooling buildings to various industrial processes” This current announcement [Read more]
TransAlta Renewables Inc. approves arrangement with TransAlta Corporation
CALGARY, AB, Sept. 26, 2023 /CNW/ - TransAlta Renewables Inc. ("TransAlta Renewables" or the "Company") (TSX: RNW) held its Special Meeting of Shareholders ("the Meeting") on September 26, 2023. The purpose of the Meeting was to seek shareholder approval in connection with the previously announced definitive arrangement agreement (the "Arrangement") whereby TransAlta Corporation ("TransAlta") will acquire all of the issued and outstanding common shares of the Company not already owned, directly [Read more]
Oil companies cautious about drilling as energy transition looms
Government policies to fight climate change are discouraging oil companies from investing heavily in new production even as they turn in record profits - a dynamic that could spell tight supply and high prices as clean energy alternatives seek to fill the void. Crude oil prices have surged above $90 a barrel and some analysts predict they will nudge above $100 by year's end. But instead of spending big to boost output, companies are boosting dividends or buying back shares to reward [Read more]
Investors drawn to oil and gas, energy transition, TSX top 30 list shows
CALGARY - Both traditional oil and gas stocks as well as Canada's mining and metals sector have benefited from a recent surge of investor interest in energy, new data from the Toronto Stock Exchange shows. The 2023 TSX 30 list, released by the exchange on Tuesday, is a ranking of the 30 top-performing stocks over a three-year period, based on dividend-adjusted share price performance. This year's ranking is heavily dominated by the oil and gas sector, which make up 50 per cent of the list. [Read more]
Buoyant LNG industry bets it’s in the energy mix for decades: Russell
The liquefied natural gas (LNG) industry has changed its tune from saying it is a transition fuel on the path to net-zero emissions, to believing it is an integral part of the solution and will be necessary for decades to come. This optimism over LNG's future was very much in evidence at Gastech, the industry's largest global gathering, held this week in Singapore. LNG sees its future largely in Asia, the top-energy importing and consuming region and the likely driver of global demand up [Read more]
Calroc: An Experienced Player in Demolition and Oilfield Equipment Services
Calroc Industries is an innovative, integrated service company with capabilities across the spectrum of oil and gas client needs. In speaking with John Skoreyko, a manager with Calroc Industries who brings 35+ years of experience to the company, he explains that Calroc is a mature, energetic company with an appetite for continued growth across the Canadian market. He emphasizes that the company has a broad set of capabilities, and that they are committed to delivering quality in every project [Read more]
Coelacanth announces Q2 2023 financial and operating results
Calgary, Alberta--(Newsfile Corp. - August 24, 2023) - COELACANTH ENERGY INC. (TSXV: CEI) ("Coelacanth" or the "Company") is pleased to announce its financial and operating results for the three and six months ended June 30, 2023. All dollar figures are Canadian dollars unless otherwise noted. HIGHLIGHTS Received regulatory approval to drill and complete up to 14 wells on its 5-19 pad at Two Rivers East. Drilling of the first 5-well pad is expected to commence in Q3 2023. Drilled [Read more]
Voters will need to decide if our energy system remains affordable and reliable, or descends into chaos
Nassim Taleb, if you’ve never read his stuff, is an odd and fascinating character; a writer with towering intellect, vast wealth, and an odd sort of humanistic humility, yet at the same time he provides a reliably volcanic reaction to pomposity or ineptitude. When those two are combined, he goes full nuclear (from his book Antifragile: “Risk management as practiced is the study of an event taking place in the future, and only some economists and other lunatics can claim - against experience - to [Read more]
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