A critical piece of energy infrastructure linking the US and Canada is at risk of being shut down.
Call it a US$14-billion lost opportunity. Heavy oil producers in western Canada could have earned at least $3 more per barrel on average over the last half-decade if there had been enough pipeline capacity, according to a new report by IHS Markit.
Work is underway to complete the final leg of Enbridge’s Line 3 Replacement Project, bringing jobs, opportunities and safer, more reliable energy to communities in Minnesota and beyond.
A significant increase in oil and gas investment is required to stave off a coming global energy crisis, according to an international body that represents energy ministers from 70 producing and consuming nations including Canada, the United States, China, India, Norway and Saudi Arabia.
It wouldn’t be a stretch to think many Canadians share a similar perception of what those working in the nation’s oil and gas industry look like.
Canada’s oil and gas industry is achieving success on its path to continuously reduce environmental impacts, and its innovations are being used to inform better practices around the world. This reality belies the characterizations of opponents that the sector is a laggard in environmental protection and performance.
The notion that Indigenous people in Canada broadly oppose oil and gas projects is becoming an increasingly hard sell, as many First Nations communities are not only realizing the benefits of working with industry, but looking to stake their own claims on energy mega-projects.
Canada’s oil sands sector is often characterized as having a massive physical footprint on the environment, but it’s actually very small in the context of the overall size of Alberta.
Construction is underway on a liquefied natural gas (LNG) project in the US Pacific Northwest that is required to use Canadian natural gas as feedstock in order to reduce greenhouse gas emissions.
Russia’s largest oil company doesn’t seem to be buying into the flawed peak oil narrative that has taken over headlines around the world. Instead, Rosneft is setting up to fill the void left by companies like BP and Royal Dutch Shell as they pledge to reduce fossil fuel investment despite expectations for continued growth in oil demand.