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 […]
Falling oil prices change Canada’s financial landscape
It’s not much good for Alberta, but the low oil price does have its benefits for the country. According to Ranko Berich, Head of Market Analysis for Monex Europe our dollar is clearly tied to the price of oil. When oil goes up, the loonie soars. When oil drops, so does the lour currency. The […]
Global Petroleum Show almost here
Alberta’s new Energy Minister Marg McCuaig Boyd will be speaking on behalf of the New Democrat government at this years Global Petroleum Show in Calgary. It will be the first time in a long time that the province is represented by a party other than the Conservatives who were in power from 1971 until this […]
Craft brewery attempts to raise spirits
As oil prices plummeted, so did business at the Wood Buffalo Brewing Company. But instead of predicting financial woes, the owners saw an opportunity to raise community spirits while promoting Alberta’s craft beer scene. Since prices began dropping last winter, northern Alberta’s only craft brewery has altered the price of it’s flagship ale to reflect […]
Battling low prices with new ideas
The energy industry has fallen on rough times as of late causing a spate of layoffs, stacked rigs and budget cuts. But despite the market climate and reduced spending, production levels are holding steady, evidence of the ongoing technological advancements being applied to oil and gas production, allowing producers to do more with less. The […]
Automatic shut off valve not required on pipeline that leaked on California coast
The pipeline that leaked thousands of gallons of oil on the California coast was the only pipe of its kind in the county not required to have an automatic shut-off valve because of a court fight nearly three decades ago, a county official said. The original owner of the pipeline skirted the Santa Barbara County […]
Are pipeline leaks on the rise as production increases in the US?
The oil pipeline leak that fouled a stretch of California coastline this week reflects a troubling trend in the nation’s infrastructure: As U.S. oil production has soared, so has the number of pipeline accidents. Since 2009, the annual number of significant accidents on oil and petroleum pipelines has shot up by almost 60 percent, roughly […]
Comment: Near perfect record not good enough for some
Just like commercial airlines don’t make headlines for the thousands of flights that reach their destination safely each day, you won’t see much media coverage of the stellar safety rate achieved in all segments of North America’s oil and natural gas industry. But it’s a reality with direct bearing on public policy. The continents liquid […]
Did powerful oil tycoon try to interfere with fracking study?
Fracking and its possible harm to the environment is currently being studied and last year, the Oklahoma Geological Survey team had some reports that were critical of those who use the method. According to Bloomberg, billionaire oil tycoon, Harold Hamm, told the dean of the University of Oklahoma’s Mewbourne College of Earth and Energy, Larry […]
Shell CEO says protests won’t prevent exploration of the Arctic
Shell’s chief executive has staged a defiant performance at the company’s annual shareholders meeting, claiming calls to curb new oil developments were “unrealistic” and saying there would always be opponents to plans to drill in the Arctic. Ben van Beurden insisted Shell is sensitive towards global warming and the environment – telling shareholders “your company […]
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