01 December

Demonstrators who have vowed to keep their pro-oil message front and centre gathered in downtown Edmonton on Friday morning outside the building where the federal natural resources minister was speaking before business leaders. READ MORE: Federal government not ‘speaking the same economic language of Albertans’: Finance minister Inside the World Trade Centre building, Amarjeet Sohi […]

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01 December

Alberta’s latest economic update boasted of strong growth in the first half of 2018-19 but warned of a future slump due to the brutal oil price differential pummeling energy producers. “The oil price differential is a crisis for Alberta and a crisis for Canada,” said Finance Minister Joe Ceci at a news conference Friday. The […]

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01 December

Baker Hughes reported a 3-rig decrease for oil and gas in the United States this week. The total number of active oil and gas drilling rigs now stands at 1,076 according to the report, with the number of active oil rigs increasing by 2 to reach 887 and the number of gas rigs falling by […]

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01 December

The British Columbia Oil and Gas Commission is investigating a series of earthquakes that one expert says were very likely caused by hydraulic fracturing, a fuel extraction process also known as fracking. Earthquakes Canada reported a 4.5 magnitude quake just before 5:30 p.m. Thursday that was felt in Fort St. John, Taylor, Chetwynd and Dawson […]

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01 December

Rachel Notley speaks during the Alberta NDP Convention in Edmonton on Sunday, Oct. 28, 2018. Premier Rachel Notley handed out a carbon tax break for drillers and criticism of Ottawa’s lack of appreciation of current discounts on western Canadian oil. Between the oil differential and Premier Rachel Notley’s commitment to buying rail cars to ship […]

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01 December

Natural gas leads gains among major commodities in November Natural gas was best performing commodity in November, defying overall losses in the energy sector that saw crude-oil prices drop by more than 20% for the month. An increase in natural-gas prices isn’t all that surprising given that demand for the heating fuel tends to increase […]

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01 December

The chairman and CEO of Paramount Resources Ltd. says Alberta should move immediately to impose a 10 per cent curtailment on all production in the province to drain a glut of oil and gas and support low prices. A rift in the western Canadian oilpatch over how to best deal with a glut of oil […]

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01 December

Canada’s Top Oil Province on Friday lowered its 2019 economic growth forecast as oil prices continue to flounder according to a government statement cited by Reuters . Crude oil production in Alberta, which vacillates between serving as its lifeblood and bane of its existence, accounts for more than 80 percent of Canada’s total crude oil […]

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01 December

The British Columbia Oil and Gas Commission is investigating a series of earthquakes that one expert says were very likely caused by hydraulic fracturing, a fuel extraction process also known as fracking. Earthquakes Canada reported a 4.5 magnitude quake just before 5:30 p.m. Thursday that was felt in Fort St. John, Taylor, Chetwynd and Dawson […]

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01 December

Following a drastic drop in the Waha Hub natural gas price earlier this week, Adrian Lara, Senior Oil and Gas Analyst at GlobalData , a leading data and analytics company, offers his view on the impact on the upstream sector: “A direct consequence of the excess of natural gas supply is the low prices at […]

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