Canada’s heavy oil has taken on a new shine as oil importers around the world continue to navigate shipping risks in the Strait of Hormuz. While hostilities between Iran and the U.S. appear to be subsiding, the reopening of the Strait will shape trade flows in the days, months, and years ahead, according to RBC analysts. Much […]
Alberta’s oil sands have emerged as one of North America’s most attractive oil plays as costs rise in competing basins like the Permian in Texas, according to a recent report. The oil sands hold 177 billion barrels of proved reserves, making it the largest play in North America by a wide margin. Existing operations have […]
A new forest will soon take root near Edmonton, creating a “green island” within Alberta’s Industrial Heartland. Roughly the size of 50 Canadian football fields, the Keyera Legacy Forest is a partnership between pipeline operator Keyera, environmental nonprofit Project Forest and Strathcona County. The partners call the project a rare, once-in-a-lifetime opportunity to responsibly restore […]
As global interest in naturally occurring hydrogen grows, researchers at InnoTech Alberta say the province has “exceptional potential” to lead production of the rare, nearly zero-emission energy resource. Alberta is in a prime position for the emerging field because of its rich geology and energy industry expertise, they said. “We are trying to de-risk this […]
Dow Canada president Skya Kruithof has spent much of his career in the United States, but says that as a Canadian, he’s “extremely proud” of what the company is doing in Alberta. Earlier this year, amid improving market conditions, Dow recommitted to completing a $10-billion petrochemical expansion near Edmonton where work was slowed the previous […]
A new agreement between Alberta and Ottawa aims to address long-standing concerns about how major projects including oil sands, pipelines and carbon capture are reviewed. It supports recently introduced provincial legislation to ensure approvals for qualified projects are completed within 120 days. By reducing duplication without compromising environmental protection, the intent is to make Alberta […]
As a sustainability consultant in Canada’s oil and gas industry, Jamie MacKenzie Eddy has the unique opportunity to get an up-close look at a wide range of energy production. From wellheads and compressor stations to control rooms and corporate boardrooms, MacKenzie Eddy is able to gain a holistic understanding of how a company runs its […]
The federal government is following through on a key element of its energy accord with Alberta. In its spring economic update, Ottawa confirmed plans to extend the carbon capture, utilization and storage (CCUS) investment tax credit to projects that include enhanced oil recovery (EOR). EOR projects were notably excluded from Ottawa’s CCUS investment tax credit […]
Large-scale habitat restoration in Alberta is accelerating to support iconic caribou populations. The focus is on legacy seismic lines — straight, flattened clearings cut through the boreal forest decades ago for oil and gas exploration, often up to eight metres wide to accommodate large equipment. While today’s oil and gas operators no longer use these […]
As Canada moves to diversify markets for its vast oil and gas resources, experts say one reality remains: the United States will continue to be its largest energy customer. Maintaining and strengthening that relationship is critical to North American energy security amid global instability and shifting U.S. policies. “Market diversification for the oil and natural […]