As a result of the COVID-19 pandemic, governments around the world, including Canada, have put restrictions in place so that people remain at home as much as possible. These restrictions have resulted in unprecedented reduction [Read more]
The International Energy Agency says the COVID-19 pandemic represents the biggest shock to the global energy system in more than seven decades. The agency says it predicts the drop in energy demand in 2020 will [Read more]
By Jesse Barnett, Jeff Barron This article was published by the US Energy Information Administration on April 27 2020. On Monday, April 20, 2020, West Texas Intermediate (WTI) crude oil front-month futures traded on the [Read more]
By Jesse Barnett This article was published by the US Energy Information Administration on April 23, 2020. U.S. consumption of petroleum products has fallen to its lowest level in decades because of measures that limit travel and [Read more]
By Chris Severson-Baker This article was published by Pembina Institute on April 21, 2020. The federal government’s announcement of financial support for Alberta’s oil and gas sector is welcome news as the COVID-19 pandemic deepens and [Read more]
This article was published by the Canada Energy Regulator on April 15, 2020. Over the past 12 years, Canada’s demand for coal and oil have been more aligned with the lower carbon scenario projected in 2007’s [Read more]
This article was published by the Canada Energy Regulator on Apr. 1, 2020. Canada imports around one barrel of crude oil for every seven barrels it produces. Canadian crude imports increased 3 per cent in [Read more]
This article was published by the Canada Energy Regulator on March 25, 2020. As of Friday 20 March 2020, the spot price for West Texas Intermediate (WTI) crude oil decreased by 65 per cent from [Read more]
On Friday, Athabasca Oil announced it will cut its $30 million 2020 capital program and curtail heavy oil production at its Hangingstone oil sands facility. The Calgary-based company says it has immediately cancelled its forecast [Read more]
By John Duff This article was published by the US Energy Information Administration on March 19, 2020. In 2005, US refineries relied heavily on foreign crude oil, importing a record volume of more than 10.1 [Read more]
This op-ed was released by Wood Mackenzie on March 19, 2020. Survival mode has returned to the oil and gas sector as the oil price rout deepens. Corporate financials are in better shape than during [Read more]
By Steve Hendrickson Reserve-based lending (RBL) has been a critical source of capital for the oil and gas industry for decades. It has typically been an attractively priced source of capital because lenders have a [Read more]
This article was published by the Canada Energy Regulator on March 11, 2020. Newfoundland and Labrador is the dominant producer of crude oil outside of western Canada, producing approximately 6 per cent of Canadian crude [Read more]
In the short term, the biggest downside risk from the dramatic drop in oil prices to gas supply is associated with gas production – largely from unconventionals in the US, argues energy consultancy firm Wood [Read more]
By Amy Stutzman A few weeks ago, I was in a meeting where ESG was on the agenda. One of the male leaders in the room said, “We should have one of our ladies write [Read more]
Alberta oil sand giant Cenovus says it will cut its 2020 capital spending by approximately 32 per cent in response to falling oil prices. The Calgary-based company says it is also temporarily suspending its crude-by-rail [Read more]
By Emily Geary This article was published by the US Energy Information Administration on Mar. 2, 2020. Annual US crude oil production reached another record level at 12.23 million barrels per day (b/d) in 2019, [Read more]
By Kathy Hipple and Tom Sanzillo This opinion piece was issued on February 27, 2020 by the Institute for Energy Economics and Financial Analysis. CEO Don Lindsay of Teck Resources announced this week that his [Read more]
This article was published by the Canada Energy Regulator on Feb. 26, 2020. Over the last 7 years (between 2012 and 2019), the total value of Canadian merchandise exports increased from $148 billion to $193 billion.Footnote1 Canadian energy [Read more]
In Canada’s Energy Future 2019 (EF2019) the Canada Energy Regulator projectsFootnote1 western Canadian conventional, tight, and shale oil productionFootnote2 will steadily increase through 2040. In 2019 53 per cent of the conventional, tight, and shale oil produced in western [Read more]
@2020 Energi Media Ltd., | Thoughtful Energy Journalism
Get the eBook, The New Alberta Advantage: Technology, Policy, and the Future of the Oil Sands, written by our founder and publisher, Markham Hislop, for FREE.
Sign up now and get exclusive access to your FREE download in the next newsletter and receive Energi Media Weekly Update straight to your inbox too!
