The Alberta government is providing funding for a Clean Hydrogen Centre of Excellence.

Rising oil production will continue to be a key driver of overall exports, the Alberta government noted this afternoon in its budget.

Bitumen royalties are expected to drive non-renewable resource revenue for the coming fiscal year.

The Alberta government established an ESG Secretariat in May 2021, to serve as a strategic and co-ordinating body for all ESG‑related activities across government.

Here are some other details of note from the Alberta budget tabled this afternoon.

Several compounding factors contribute to polarization along partisan lines when it comes to climate and energy issues, according to a newly-released Positive Energy report, and overcoming this polarization is not a simple task.

When aerial survey company Bridger Photonics Inc. was asked to overfly oil and gas facilities in northeast B.C., company officials had no idea researchers on the ground were releasing precision volumes of methane to test the technology’s sensitivity to leaks.

In what the company called a “transformational year,” Whitecap Resources Inc.’s Q4 and full-year 2021 results set numerous records as the successful execution and integration of approximately $2 billion of strategic acquisitions paid dividends.

Reservoir geophysics as a discipline is a continuously evolving technology, developing new techniques that enable high quality, multi-dimensional mapping of hydrocarbon reservoirs to substantially improve productivity and maximize returns.

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Changes to the Environmental Assessment Certificate for the Trans Mountain expansion project, and recommendations to other agencies, have been made by George Heyman, Minister of Environment and Climate Change Strategy, and Bruce Ralston, Minister of Energy, Mines and Low Carbon Innovation, for the pipeline project that runs between Edmonton and Burnaby.

Ten years ago, much of the conversation in energy boardrooms was centred around the great potential of Canada’s liquefied natural gas (LNG) export market to attract increased foreign investment, support the transition to cleaner energy and build the nation’s competitive advantage on the global stage. Fast forward to today — and several proposed export facilities later — Canada has just one major facility that has managed to navigate the lengthy and exhaustive regulatory process to fruition.

It’s been half a year since any new wells have been approved in British Columbia.

While Russia’s invasion of Ukraine destabilizes the world and business environment in general, Enerflex Ltd. does not anticipate any material impacts to its particular sales and revenue streams from this geopolitical event, says Marc Rossiter, president and chief executive officer.

Enerflex Ltd. maintains a strong Canadian outlook, but that region also remains challenged in that while Canada’s operators and customers are “excellent,” the regulatory environment can be problematic for the industry, according to Marc Rossiter, president and chief executive officer.

Enhance Energy announced today that Blair Eddy will expand his leadership role to president and chief operating officer, effective March 1.

Commodity pricing helped drive a substantial year-over-year increase in net profit for Trican Well Service Ltd. in its 2021 fourth quarter, says the company.

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With Fort Hills resuming a two-train operation in the fourth quarter, Teck Resources Limited says the facility is expected to operate at an average utilization rate of 90 per cent throughout 2022.

In 2021, PHX Energy Services Corp. spent $35.3 million in capital expenditures, compared to $25.9 million for 2020.

Journey Energy Inc.’s proved developed producing reserves increased 20 per cent to 24.0 million boe, with a corresponding increase of 133 per cent in NPV at 10 per cent to $180.1 million ($193.8 million including the Countess power project (CPP)) from $77.2 million in 2020.