The Canadian Association of Petroleum Producers (CAPP) has reported Canada’s oilsands producers are prepared to take a greater leadership role on climate action as part of the growing global intention to reduce greenhouse gas emissions. Tim McMillan, CAPP President said, “Alberta has world class energy resources and oilsands companies are committed to developing world class […]
Comment: CAPP has warning for politicians in race to form next government in Alberta
These are volatile times for the oil and natural gas industry. The impact on Albertans has been hard as thousands of jobs have been cut. Drilling and service rigs are idle. Tools are down in machine shops. More office spaces are empty. Restaurants are quieter. Economic activity across Alberta is slowing as uncertainty clouds the […]
A new way to look at the oil sands
According to the Canadian Association of Petroleum Producers, the EU’s new fuel quality directive (FQD) will treat Canada’s oil sands on a level playing field with other sources of oil around the world, creating new export opportunities for energy and allowing Canada to compete more freely in the global market. Tim McMillan, CAPP President and […]
Don’t even take it out of the ground
The Keystone XL pipeline, which would carry crude oil from the oil sands to the U.S. Gulf Coast, isn’t just an infrastructure project. It’s also a symbol for the fight over the future of energy. Producing oil from Alberta’s tar sands emits more pollution than traditional oil drilling, so many environmentalists want that crude left in […]
Comment: Hypocrisy at the EU
Environmentalists on both sides of the Atlantic are aghast at the news the European Union (EU) is proposing to scrap a mandatory requirement to label tar sands crude as highly polluting. It’s a triumph of five years of lobbying by both the tar sands industry and the Conservative government of Prime Minister Stephen Harper, which […]
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 and water don’t mix
The recent “facts” on the dangers of fracking cannot be allowed to be glossed over by those with a financial interest in the production of LNG. Anyone who believes there is no risk to the water table and our drinking water must be living in la la land. The chemicals used contain volatile compounds such […]
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, […]
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 […]
Canadian crude by the numbers, a CAPP report
Production There are 173 billion bbls of proven oil reserves in Canada. The oil sands hold 167 billion bbls . Canadian crude oil production is expected to increase to 6.4 million bpd to 2030. Oil sands production is expected to increase to 4.8 million bpd by 2030. The bitumen upgrading is not likely to increase […]