Shell Canada has fitted the final module at the first carbon capture and storage project in Alberta’s oil sands, putting start-up on track for 2015. The Quest CCS project, now 70 percent complete, is being built with funding from the Alberta and Canadian federal government to help mitigate greenhouse gas emissions from the oil sands. […]
New regulations on the way for energy and mining companies
Canada’s Natural Resources Minister vowed to introduce legislation requiring energy and mining companies to report all revenue paid to foreign and domestic governments, but Greg Rickford said its impact on corporate payments made to First Nations will be delayed for two years while Ottawa consults aboriginal leaders. At a meeting in Sudbury, Ontario in August, […]
Comment: Fracking has never contaminated drinking water
Claims that hydraulic fracturing has contaminated drinking water are not supported by the facts. In truth, provincial regulations and industry operating practices work to protect drinking water aquifers and surface water. Data collected by the BC Oil and Gas Commission, the provincial regulator, shows none of the approximately 9,000 wells hydraulically fractured in the province […]
Comment: We need to refine our oil sands ambition
In June, a ship carrying about 600,000 barrels of crude from Alberta’s oil sands arrived in Bilbao, Spain, by way of Houston, Tex. The circuitous journey by rail and tanker to Spanish oil giant Repsol’s Bilbao refinery made economic sense, given the price discount on Canadian crude. Despite European hostility toward “dirty” oil from Canada, […]
Comment: Canadian crude is an attractive alternative to imported oil
Canada has the third-largest oil reserves in the world, but we import large volumes of oil from foreign sources into Eastern Canada, including Quebec, every day. Oil refineries in Quebec and Atlantic Canada import more than 600,000 barrels per day from foreign sources. But with Canadian oil production growing, using Canadian crude oil in Quebec, […]
Comment: How a new ‘golden rule’ is shaping oil and gas projects
“Remember the Golden Rule,” said the stunted king from the cartoon The Wizard of Id, “whoever has the gold, makes the rules.” A growing number of institutional investors are heeding the king of Id’s sarcastic “golden rule.” But unlike Parker and Hart’s irreverent cartoon, the real-life outcome of shareholder activism – the influence of the […]
Comment: View of oil sands debate from the soap box
Utah has little problem with their oil sands, yet Alberta’s oil sands and the Key Stone Pipeline is trashed around the world as an environmental nightmare. Why the hypocrisy? This is a question no one seems to want to tackle. Oil sands are the same around the world. You can’t have good and bad oil sand. So why […]
Oil and gas well information goes public
It’s called Wellwiki and it’s the brainchild of University of Alberta business professor Joel Gehman. The concept is simple. It’s a website to give people access to information about oil and gas wells in Alberta. The Canadian Association of Petroleum Producers, Brad Herald told the Edmonton Journal, “It’s a very interesting endeavour. This kind of […]
Enbridge looks south
Enbridge Inc. has it’s eyes set on Mexico. The company’s CEO Al Monaco said, “they’re obviously in significant need of pipeline infrastructure.” The comment comes at a time when Mexico is opening its doors in its energy sector to international investment. A move that would put an end to the governments more than seven decade […]
Comment: Train riskier than pipeline for oil
People who are adamantly protesting the Northern Gateway pipeline’s tentative approval seem to forget one very important thing. Both the Canadian National and the Canadian Pacific Railways are ready to use “unit trains,” similar to the coal trains that rumble along to the Roberts Bank super port, but instead of coal, the trains will be […]
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