Canadian Association of Energy Contractors (CAOEC) member companies will be critical to Canada reaching its net-zero targets by 2050, says Mark Scholz, president and chief executive officer, considering these firms will drill hydrogen feedstock, the holes for CCUS, while also drilling for things like geothermal, lithium and helium.
Canada’s largest oilsands producers may be on side with the federal government’s 2050 net-zero greenhouse gas emissions target, but member companies of the Oil Sands Pathways to Net Zero initiative say the starting point of 2025 is too soon to start bending the emissions curve.
The Canadian energy sector requires policy certainty, as well as more regulatory “carrots” such as a carbon capture utilization and storage (CCUS) tax credit, for the industry to thrive to the benefit of both the oil and gas companies and the federal government, says Explorers and Producers Association of Canada (EPAC) president Tristan Goodman.
Whether crews take a Christmas break is really dictated by conversations between the drilling and well-servicing contractors with their customers, says Mark Scholz, president and chief executive officer, Canadian Association of Energy Contractors (CAOEC).
Just a decade ago, Alberta was still building coal-fired power plants. Today, it’s building out natural gas power facilities to largely replace coal, which will be phased out by 2023.
More than a century ago, Ontario native Alexander T. Stuart envisioned the idea of water electrolysis to produce hydrogen and oxygen gases that could be used in the chemical, industrial and transportation industries.
Although Thomas Fox has an environmental science degree from McGill University in Montreal, the president and co-founder of Highwood Emissions Management, a rapidly growing start-up, attributes his current role to “a little bit of luck.”
Just over a year ago, Jessica Shumlich with a partner, Thomas Fox, followed her passion and launched a new company, Highwood Emissions Management, a consultancy specializing in greenhouse gas emission reductions.
The amount of Canadian oil and natural gas assets publicly available for sale is up roughly 60 per cent from this time last year. Currently, there is approximately $1.6 billion in Canadian oil and natural gas properties and companies up for sale.
Similar to 2021, the Montney formation will be a key focus for drilling activity next year.
The Commission of the Canada Energy Regulator (CER) will release its reasons for decision for the Enbridge Inc. Canadian Mainline contracting application on Friday, Nov. 26, 2021 at 2:30 p.m. Mountain Standard Time (MST).
Obsidian Energy Ltd. closed its previously announced acquisition of the remaining 45 per cent interest in the Peace River Oil Partnership (PROP) asset through a wholly-owned subsidiary.
The Canada Energy Regulator (CER) has approved NOVA Gas Transmission Ltd.’s (NGTL) application for the 2022 interim tolls and interim abandonment surcharges effective Jan. 1, 2022 for services on the NGTL System.
Islander Oil & Gas Inc. has applied to the Alberta Energy Regulator (AER) for the recovery of crude bitumen from the Pekisko.
Drilling rig activity in Western Canada and the Top 10 active operators as of Nov. 24, 2021 as reported this morning by Rig Locator.
The U.S. rig count is up six from last week to 569 with oil rigs up six to 467, gas rigs unchanged at 102, and miscellaneous rigs unchanged at zero.
Inter Pipeline Ltd. has agreed to issue an aggregate of $1 billion senior unsecured notes consisting of:
Cheniere Energy, Inc.’s subsidiary, Cheniere Marketing International, LLP, has entered into a binding 20-year LNG sale and purchase agreement (SPA) with Foran Energy Group Co., Ltd.