Although the oil and gas sector remains pivotal in Saskatchewan’s go-forward plans regarding its economy, jobs and provincial revenues, the province plans to be front-and-centre when it comes to participating in the global energy transition, says Bronwyn Eyre, minister of minister of Energy and Resources.

Canada's emissions reduction plan released Tuesday represents the “boldest and most specific step yet” in cutting greenhouse gas emissions from the oil and gas sector of 30 per cent from 2005 levels and 40 per cent relative to current levels, said Prime Minister Justin Trudeau.

An energy sector industry alliance developed to work collectively with government to cut greenhouse gas emissions says the federal government’s new Emissions Reduction Plan (ERP) presents an “ambitious challenge” to all Canadian industries.

In Part 1 of this three-part series I presented the Hydrogen Council’s bullish case for global hydrogen consumption under a net-zero by 2050 scenario, including projected clean hydrogen demand by major sector and a few key industries.

Planes, trains and automobiles are in a bind; jurisdictions around the world are cracking down on greenhouse gas emissions.

Natural gas is far more than a bridge fuel and demand is expected to climb in the decades to come as emerging economies continue to grow and energy security concerns mount, says Keyera Corp. president and CEO Dean Setoguchi.

FTI Consulting Canada Inc., in its capacity as Court-appointed receiver (the “Receiver”) of Balanced Energy Oilfield Services Inc., Balanced Energy Oilfield Services (USA) Inc. and Balanced Energy Holdings Inc. (collectively, “Balanced Energy”) is conducting a sales solicitation process (“SSP”) relating to Balanced Energy’s coil tubing units, ancillary equipment and inventory.

The LEAD project aims to clear roadblocks to allow entrepreneurs to utilize existing oil and gas infrastructure and sites for new development, attract investment to Alberta for these developments, include landowners and create an alternate path for aging oil and gas assets and liabilities.

Keyera Corp. says it has successfully increased the level of contracting on the Keyera Access Pipeline System (KAPS) project’s Zones 1 – 3 and the yet to be sanctioned Zone 4, which would connect KAPS to the B.C. border and to the liquids gathering system in that province and allow the company to capture volumes along the entire Montney fairway in Alberta and B.C.

Kiwetinohk Energy Corp. is expecting to clear significant hurdles for multiple major green developments this year.

Canadian and U.S. cyber security experts have advised critical infrastructure operators to act with extreme vigilance as the threat of malicious actions targeting the energy sector is presently at a heightened level.

Fuelling Canada, a new natural gas information hub, was launched in November 2021 with the goal of helping Canadians better understand the foundational role of this energy source across the country. In 2021, natural gas met 38% of our energy needs, nearly double that of electricity.

Shell plc announced the start of production at PowerNap, a subsea development in the U.S. Gulf of Mexico with an estimated peak production of 20,000 boe/d.

First Helium Inc. announced a significant positive change to the company's balance sheet based on ongoing payments from light oil production and cash proceeds from the exercise of previously issued warrants.

Evok Innovations announced a first close of its $300 million Fund II, with half the capital committed by a group of strategic investors.