Canadian Natural Resources Ltd. expands Horizon oilsands
Taking advantage of a relative slowdown in northern Alberta’s construction market, Canadian Natural Resources Ltd. (CNRL) has decided to further expand its Horizon oilsands operation by adding another $400-million to its initially planned $2.5-billion investment. The Calgary-based company owns a variety of oil and gas operations around the world, including in North America, Europe’s […]
Keystone XL costs grow as Obama waits, risk spiralling out of control if delays persist
The proposed $5.3-billion Keystone XL Ltd. pipeline has been following all of its regulatory requirements, says economist Jack Mintz, but the political delays may cause the project’s costs to grow out of control. Governments typically regulate the pipeline industry by requiring tolls to approved based on a certain minimum rate of return permitted to […]
Canada’s abundant energy resources help give us a quality of life second to none in world
Canada’s abundant energy resources have helped give Canadians a quality of life second to none in the world. Canada’s energy sector contributed $155-billion to Canada’s GDP in 2012. Over the next 25 years, responsible development of Canada’s energy resources will generate billions of dollars in economic activity, hundreds of thousands of jobs, and billions […]
Oilsands expansion plan overshot, underestimates challenges: experts
The Canadian Association of Petroleum Producers recently projected that oilsands production would double by 2030, but some experts say the oil and gas industry lobby group probably overshot its estimate because it failed to consider the challenges that may check the industry’s expansion. In June, the CAPP released its annual report for which it […]
Energy
Canadian oil quality in question, Canadian LNG can’t compete in Europe: experts
Canada may be years away from having the infrastructure needed to export substantial volumes of energy to Europe, but experts say the European Union’s treatment of Canadian oil and Canada’s inability to strongly compete with Russia also stands in the way. The House Natural Resources Committee recently looked into whether Canadian producers could […]
Mexico’s energy-sector reforms create opportunity for Canadian producers
After overhauling the country’s energy sector, the Mexican government has given Canadian producers an opportunity to boost their involvement in Mexico’s oil and gas production. Triggered by declining oil production, the reforms were tasked with increasing the competitiveness of Mexico’s energy sector. One reform to break up Petróleos Mexicanos (PEMEX)—the state-run oil company that […]
To extract, upgrade, or refine oil-sands resources?
The president of the Alberta Federation of Labour is calling for more upgrading and refining capacity in Canada’s resource sector, but not everyone agrees that could be achieved without costs elsewhere in the economy. Alberta Federation of Labour president Gil McGowan told The Hill Times that lawmakers should build capacity in the […]
Overhaul of environmental acts, lack of consultation hurting pipeline proposals: critics
Thanks to its lack of aboriginal engagement and its “gutting” of environmental regulations, say critics, the Harper government has shaken people’s confidence in its ability to oversee any pipeline project. The Conservative government has made clear its priority to find export markets for Canada’s energy resources but some say it has hurt its own […]
Canada-U.S. energy relationship takes a hit, could take more, say experts
The energy trade relationship between Canada and the United States has been dealt a number of blows recently, thanks to the oil and gas production-boom underway in the U.S. and their government’s tougher stand against climate change, and it could be in for more strains, say experts. Alexander Moens, a political scientist at Simon […]
