gas

Alberta’s Minister of Energy and Minerals, Brian Jean, is vocally opposing comments made by federal Natural Resources Minister Jonathan Wilkinson regarding the future of the oil and gas sector in Canada. Earlier this week, Wilkinson stated that oil production is expected to peak in 2024 and suggested that the oil and gas market is on […]

Canada’s recently released Greenhouse Gas Inventory Report indicates a decrease in emissions in Alberta, despite a rise in energy production. Covering the 2022 year, the report reveals that per-barrel emissions from the oil sector decreased despite increased production. However, Alberta managed to reduce greenhouse gas emissions by only one megaton during the reporting period. “Alberta’s […]

Calgary’s MEG Energy is starting a new chapter in the company’s history. Derek Evans will be stepping down as President and CEO of the oil sands major as well as relinquishing his position on the company’s Board of Directors. Current Chief Operating Officer, Darlene Gates will be taking over his position effective May 1st. “Derek […]

Canada’s energy sector is boosting upstream capital investments this year. The Canadian Association of Petroleum Producers (CAPP) forecasts the sector to invest $40.6 billion (CAD) this year, up approximately $700 million over 2023 levels. According to Lisa Baiton, President and CEO of CAPP, there is cautious optimism with current Canadian oil production at record levels […]

The House of Commons will soon be debating a private members’ bill aiming to criminalize the advertising of fossil fuels. Bill C-372 also known as the Fossil Fuel Advertising Act was tabled in the House by NDP Member of Parliament, Charlie Angus. The act would prohibit a person or company from promoting fossil fuels, a […]

The province of Alberta is resuming their fuel surcharge. After a nearly two-year break, Alberta is again collecting tax on the price of gas. As of Monday, January 1st, there is a nine-cent tax on every liter of gas sold in the province. The amount of tax charged is linked to the price of West […]

Suncor is purchasing French Energy giant, TotalEnergies EP Canada Ltd. (Total) Canadian operations. The $1.468 billion acquisition means Suncor takes over Total’s 31.23 per cent working interest in the Fort Hills oil sands mining project (Fort Hills) and adds 61,000 barrels per day of net bitumen production capacity along with 75 million barrels of proved […]

The rate of inflation in Canada is on the rise again. Statistics Canada has released the consumer price index for August which shows inflation climbing back to the four per cent mark, up nearly a full per cent from the July figures. The price of energy is up across Canada, but Alberta is leading the […]