The future of oil and gas in alberta
“Our research shows that Alberta’s best ‘Plan B’ for the future of its oil-based economy is to transition to the production of a clean, more energy efficient, and much more valuable transportation This could bring a promising new future—or a terrifying one. For an oil-producing province like Alberta, the trend should lead to some serious strategic reimagining; the province is already beleaguered by a lack of pipeline capacity that pushed its oil prices down drastically. And after the 2015 global oil price crash, Alberta’s annual There’s a reason the current Alberta crash looks like the one in the 1980s: the province is very dependent on one commodity, and commodities are notoriously cyclical. It’s the classic “boom and bust” cycle, and right now oil is in the “bust” stage. Granted, the oil and gas industry has long been the province's golden goose. With proper investment, paralleled with sensible regulatory regime and rebound in commodity prices ( which is starting to occur ), Alberta's oil industry's recovery is bound to continue.
Mar 28, 2019 “One thing that many people fail to realize is just how important the global price of oil is for the level of economic activity in Alberta's oil and gas
Alberta is Canada's energy province. The province's diverse resource portfolio includes natural gas, conventional oil, coal, minerals and the famous Alberta oil Mar 4, 2020 Lethbridge Herald Oil and gas will be on the agenda in Lethbridge Thursday. During the regular weekly SACPA session, set for noon at the Nov 25, 2019 CALGARY - A key indicator of future oil and gas drilling activity in Western Canada is sliding lower as the industry Oct 21, 2019 This article is part of the Fall 2019 Alberta Oil & Gas Quarterly, which you can download for free here. This spring's election saw the election o Calgary, the largest city in Alberta, is where we carry out our Upstream ( Exploration and Production) and Gas & Power projects, which have turned us into a key This also places Canada, Alberta and the oil and gas industry at the forefront of efforts to concurrently advance economic benefits, energy security and responsible OVERVIEW OF ALBERTA. 3. OIL SANDS. 4. NATURAL GAS. 8. COAL. 12. RENEWABLE ENERGY. 16. QUESTION & ANSWER. Joe Dion on First Nations in the
What Canada and Alberta could learn from Norway. Should Canada adopt the same energy model that made Norwegian citizens theoretical millionaires? Written
growth in the near future. fossil fuel use, including oil products. Alberta. Driven largely by the sustained price signal of near $100 oil in the 2010-2014 period, Alberta is absolutely covered with oil and gas wells. More than 450,000 wells have been drilled in the province, reaching from rural and Indigenous communities The majority of Canadian crude oil production is in landlocked Alberta and we produce more crude oil than we have the capacity to export. The effects of this
Alberta is absolutely covered with oil and gas wells. More than 450,000 wells have been drilled in the province, reaching from rural and Indigenous communities
Nov 25, 2019 CALGARY - A key indicator of future oil and gas drilling activity in Western Canada is sliding lower as the industry Oct 21, 2019 This article is part of the Fall 2019 Alberta Oil & Gas Quarterly, which you can download for free here. This spring's election saw the election o Calgary, the largest city in Alberta, is where we carry out our Upstream ( Exploration and Production) and Gas & Power projects, which have turned us into a key
The Future of Canada's Oil and Gas, Mining and Nuclear Sectors: Innovation, There are a number of proposed pipelines from the Alberta oil sands to export.
This could bring a promising new future—or a terrifying one. For an oil-producing province like Alberta, the trend should lead to some serious strategic reimagining; the province is already beleaguered by a lack of pipeline capacity that pushed its oil prices down drastically. And after the 2015 global oil price crash, Alberta’s annual There’s a reason the current Alberta crash looks like the one in the 1980s: the province is very dependent on one commodity, and commodities are notoriously cyclical. It’s the classic “boom and bust” cycle, and right now oil is in the “bust” stage. Granted, the oil and gas industry has long been the province's golden goose. With proper investment, paralleled with sensible regulatory regime and rebound in commodity prices ( which is starting to occur ), Alberta's oil industry's recovery is bound to continue. Referring to the potential increase Alberta will see in jobs from 2017 to 2020 that could be between 35,200 to 41,600. “Retaining a skilled and innovative workforce will play a key role in the ability of the oil and gas sectors to emerge from the current downturn” said Vidallo. Oilsands at a crossroads: How the next chapter of Alberta’s oil future — and Canada’s workhorse — is a big unknown Claudia Cattaneo: The oilsands' meltdown is leading to long-term changes Oil sands players like Suncor, Cenovus, and Canadian Natural Resources look at oil prices over several decades and are less influenced by short term volatility in oil prices. According to Suncor’s Executive Vice President and Chief Financial Officer, Alister Cowan, in the January 22, 2017 Financial Post article,
In 2015 Alberta’s Auditor General reported that the future cleanup costs for oil sands mines were almost $21-billion and warned that industry had set aside less than 8 per cent of this amount. Unless important changes are made, the province will be on the hook for the rest, some $20-billion. Referring to the potential increase Alberta will see in jobs from 2017 to 2020 that could be between 35,200 to 41,600. “Retaining a skilled and innovative workforce will play a key role in the ability of the oil and gas sectors to emerge from the current downturn” said Vidallo. With the torrent of money flowing out of the ground in northern Alberta, nobody gave a thought to tomorrow. Which would have been fine, if oil were not a commodity like others. But as with Saskatchewan potash, Ontario nickel and Quebec iron ore, oil is subject to supply and demand and the vagaries of commodity cycles. 2020 Oil and Gas Industry Outlook Walking the tightrope—vigilance required to keep moving forward in 2020 As we, once again, move from one year to the next, how do we assess the oil and gas and chemical sectors’ performance in 2019 and its prospects for 2020? Alberta’s conventional oil and gas liabilities have been growing for decades, with reported estimates ranging from $58 to $130 billion involving 450,000 oil and gas wells, 400,000 kilometres of