Canada Oil

Weathering The Oil and Gas Storm by Enhancing the CFO

Marc Joiner | Posted 07.21.2015 | Canada Alberta
Marc Joiner

Though hardly out, oil is still down -- and the same goes for Canada's high-cost producers. And though this particular bust is not altogether like the last one, a comparison to the 1980s can be helpful.

The E.U. Needs to Stop Dangerous Trade Deals

Maude Barlow | Posted 06.16.2015 | Canada Business
Maude Barlow

We Canadians are writing to you, the Socialists, New European Left, and Greens, because you have the power to stop these dangerous trade deals. With this type of trade agreement, we have a choice: Do we accept rising inequality, unchecked corporate power, and lowered social and environmental standards, allowing the one per cent to become richer at our expense, or do we draw a line in the sand?

More Oilsands Job Losses Incoming

CP | The Canadian Press | Posted 06.16.2015 | Canada Business

The Canadian Association of Oilwell Drilling Contractors has revised its January jobs forecast and now predicts nine per cent more job losses.

Shale Gas Opponents Are Committed to the Unrealizable Goal of Zero Risk

Michel Kelly-Gagnon | Posted 06.10.2015 | Canada Business
Michel Kelly-Gagnon

Opposition to shale gas development has been fueled by fears that fracking could adversely affect our drinking water resources. A just-released study from the U.S. Environmental Protection Agency should help douse such fears. The exhaustive, 998-page report "did not find evidence that these mechanisms have led to widespread, systemic impacts on drinking water resources in the United States."

Managing the Arctic: Moving North Towards the Ice Edge

Mona Elisabeth Brother | Posted 06.04.2015 | Canada Politics
Mona Elisabeth Brother

Oil and gas exploration-driven advancement towards the High North and the ice brink is disputed in Norway, as elsewhere. When examining factors such as oil prices and the northern harsh conditions, rapid industrial development in the Norwegian Barents Sea is not a given.

Canada's Crude Oil Production Lowest In Years: Report

CP | The Canadian Press | Posted 06.01.2015 | Canada Business

A report by Barclays says Canada's crude oil production last month is estimated to be the lowest it has been in almost two years

Quebec Is Being Deprived of the Benefits of Shale Gas Development

Youri Chassin | Posted 06.01.2015 | Canada Business
Youri Chassin

Largely overlooked in the shale gas debate that has taken place in Quebec in recent years between industry proponents and environmentalist groups were the farmers who might have benefited from having natural gas wells on their land.

We Should Transport as Much Oil as We Can by Pipeline

Michel Kelly-Gagnon | Posted 05.27.2015 | Canada Business
Michel Kelly-Gagnon

Just about every aspect of our lives involves a certain amount of risk, of course. It's all about risk management. And indeed, despite the occasional high-profile accident like last week's spill in California, pipelines in general remain very safe. One realistic alternative to transporting Canadian oil by pipeline is transporting that same oil by train or by truck. Yet both of these methods of transport are less safe than pipelines. Logically, then, we should transport as much oil as we can by pipe, and as little as possible by rail or road.

A Look At Canada's Oil Sector Before And After The Collapse

CP | Lauren Krugel, The Canadian Press | Posted 05.19.2015 | Canada Alberta

In June 2014, the U.S. benchmark crude price averaged US$105.79 a barrel. By January of this year, it had shrivelled to just US$47.22.

185,000 Jobs At Risk In Oil Industry

CP | Ian Bickis, The Canadian Press | Posted 05.19.2015 | Canada Business

"Certainly the impact is fairly significant in terms of various provinces and various industries feeling the oil price downturn."

The Contrasting Impacts of Plummeting Oil Prices

Peter Hall | Posted 05.15.2015 | Canada Business
Peter Hall

Canada's energy sector service and equipment exporters are in for tough times, and cash flows for oil and gas exporters will tighten significantly. This is already beginning to spill red ink on Canada's trade and fiscal statistics. However, Canada's non-energy sector exporters should see a substantial boost.

Quebec Should Ditch Wind Power Subsidies and Go for Oil

Michel Kelly-Gagnon | Posted 06.28.2015 | Canada Business
Michel Kelly-Gagnon

Hydro-Québec indirectly subsidizes the wind power sector to the tune of $695 million a year, which amounts to some $200 per Quebec household to produce a tiny fraction of the province's energy. With an estimated 40 billion barrels of oil, developing this resource would provide a minimum of $160 million a year in royalties for the Quebec treasury over 30 years.

Oil Spill Cleanup Plan Needs Work: NEB Chairman

CP | Tamsyn Burgmann, The Canadian Press | Posted 06.27.2015 | Canada Business

VANCOUVER - The chairman of the National Energy Board says the regulator has been "too conservative" in demanding information from oil pipeline compan...

It's Time to End Our Dependence on Oil

Bessma Momani | Posted 06.22.2015 | Canada Business
Bessma Momani

Periods of instability that punctuate oil price history, highlight the importance of energy sector reform, which can be made all the more effective if paired with climate change considerations. To avoid climate change pitfalls created by falling oil prices it is necessary to approach environmental reform in new and innovative ways.

Climate Karma Hits Home In B.C.

Eoin Madden | Posted 06.14.2015 | Canada British Columbia
Eoin Madden

April brought a fresh new proclamation for B.C.: get out and see the glaciers before they are forever confined to history.

Raw Dead Fish and Canada's Energy Policy

Paul Barter | Posted 05.29.2015 | Canada Business
Paul Barter

The new TransCanada pipeline isn't about getting energy east -- it's about getting crude oil east. When discussing the environmental impact of oil sands development, stop using the benign sounding "tailings ponds" when we're actually talking about "toxic sludge." Ducks aren't killed when they land in ponds.

Canada's Trade Deficit Widens

CP | The Canadian Press | Posted 05.06.2015 | Canada Business

OTTAWA - Plunging oil prices took a bite out of the value of Canada's exports as the country posted a trade deficit of $2.5 billion for January, the l...

Canada Can No Longer Be 'Rogue Nation On Climate Change': McKibben

The Huffington Post Canada | Zi-Ann Lum | Posted 02.25.2015 | Canada Politics

"If we're to deal with climate change, the tar sands need to stay in the ground, full stop."

Keystone XL Tar Sands Pipeline Veto - Right Decision at the Right Time

Susan Casey-Lefkowitz | Posted 04.26.2015 | Canada
Susan Casey-Lefkowitz

Today President Obama vetoed a bill that would have approved the Keystone XL tar sands pipeline. The president has our heartfelt thanks for showing hi...

Here's What Falling Oil Prices And A Weak Loonie Mean For Businesses

Andrea E. Bolger | Posted 04.20.2015 | Canada Business
Andrea E. Bolger

These factors have brought hard times to some industries and uncertainty about the impacts to the Canadian economy as the whole. While uncertainty is never comfortable, it can present some opportunities and challenges depending on your situation or sector. Here are three to watch for the rest of the year.

Sunny Freeman

Norway May Hold Solution To Canada's Oil Woes: Reports

HuffingtonPost.com | Sunny Freeman | Posted 02.13.2015 | Canada Business

Two new reports are calling on Ottawa and the provinces grappling with oil-related revenue shortfalls to look to Norway for a better way to handle the...

With Keystone XL pipeline uncertain, Alberta floats idea of moving tar-sands oil through Alaska

Alaska Dispatch News | Posted 04.12.2015 | Canada
Alaska Dispatch News

Officials in the Canadian province of Alberta say they hope to talk to Alaska leaders about shipping tar-sands crude oil through the state as the Keys...

The Norwegian Government Pension Fund -- A Success Story

Mona Elisabeth Brother | Posted 03.21.2015 | Canada Politics
Mona Elisabeth Brother

According to the Oil & Gas Journal (OGJ), Norway had 5.83 billion barrels of proven crude oil reserves as of January 1, 2014, the largest oil reserves in Western Europe. The enormous income to the state from the industry made it possible to create a global pension fund that now owns more than one per cent of global share value.

How Is it That Norway Is Rich and We Are Not?

John McKay | Posted 03.21.2015 | Canada Politics
John McKay

Alberta's economy is on the precipice of free-fall where Norwegians are able to look over the precipice and know that they are not going over it. How did this happen? The simple answer is that Norway decided to de-link its economy from oil revenues and Canada did not.

Cheap Oil May Actually Be Good For The Economy

CP | Andy Blatchford, The Canadian Press | Posted 03.06.2015 | Canada Business

OTTAWA - Perhaps an era of cheap crude won't be so bad for Canada after all.A new bank forecast argues the financial blows of low oil prices on the Ca...