David Yager, author of From Miracle to Menace: Alberta, A Carbon Story, talks about bringing the climate policy conversation back to reality
David Yager is an energy policy analyst, oil and gas writer and author of From Miracle to Menace: Alberta, A Carbon Story. Why did you write your book? Yager: As the climate change issue grew, it was accompanied by more advice that Alberta move from a sunset industry – fossil fuels – to renewables. B.C.…
Brings together the largest oil and gas process team for complex upstream and downstream flowsheet development in Canada
Two significant players in Alberta's oil and gas market have merged. In a news release on Wednesday, Hatch Ltd. announced that Upside Engineering Ltd. has joined Hatch, bringing together the largest oil and gas process team for complex upstream and downstream flowsheet development in Canada with a well-established local engineering firm that specializes in midstream…
Since the collapse of oil prices that began in late 2014, the energy sector has been hard hit when it comes to employment opportunities. Thousands of jobs were lost in 2015 and 2016. And the industry continues to struggle – as do many people looking for work in the industry. On Thursday, the PetroLMI Division…
The company said its net debt is expected to improve to approximately $2.75 billion at year-end 2019
Crescent Point Energy announced Tuesday it was selling its Uinta Basin asset in its entirety and certain southeast Saskatchewan conventional assets for $912 million. The company said its net debt is expected to improve to approximately $2.75 billion at year-end 2019, down from $4.40 billion prior to the changes in senior management in 2018. "Since…
‘Our Saskatchewan production is not subject to government-mandated production quotas. In addition, we have many diverse investment options’
Husky Energy says it has started production at its Dee Valley thermal project in Saskatchewan. It’s the second of six 10,000-barrel-per-day thermal bitumen projects to be brought on stream from 2018 to 2022. “Dee Valley is the latest in our deep portfolio of repeatable, small-scale Lloyd developments that provide low-cost, reliable feedstock for our upgrader,…
Fossil fuel technologies were the main driver of energy-related in-house R&D spending in 2017, accounting for almost half of the money spent
Canadian companies spent $1.5 billion on energy-related in-house research and development (R&D) in 2017, says Statistics Canada. That accounted for 8.3 per cent of the total in-house R&D expenditure in Canada, but was still down 4.6 per cent from 2016. Energy-related areas of technology include fossil fuels, renewable energy sources, nuclear fission and fusion, electric…
Pembina Pipeline Corp. is buying Kinder Morgan Canada and the Cochin Pipeline for $4.35 billion, it was announced on Wednesday. Pembina said the transaction values Kinder Morgan Canada at approximately $2.3 billion, or $15.02 per share, and Cochin U.S. at approximately $2.05 billion. Pembina will acquire assets including the Cochin Pipeline system, the Edmonton storage…
Brigitte Lepage talks about the Capstone Custom Homes values of caring for clients, being accountable, innovative and passionate
Brigitte Lepage is co-owner of Capstone Custom Homes. What is Capstone Custom Homes and what does it do? Lepage: Capstone Custom Homes is a luxury custom home builder based in Calgary. We’re also a relationship builder, a people-focused business that builds outstanding homes. The relationships that we have with our clients and everyone we deal…
Alberta had the second highest level of labour productivity in 2018 among the provinces ($78.50 per hour) after Saskatchewan ($79.90) and just ahead of Newfoundland and Labrador ($76.90), according to ATB Financial’s Economics & Research Team. Productivity for Canada as a whole was $59.40 per hour. In its daily economic update, The Owl, ATB said…
Dave Yager has spent nearly half a century in Alberta’s oil and natural gas industry and 40 years in journalism, notably with the oilfield trade magazine, The Roughneck. His first book, From Miracle to Menace: Alberta, A Carbon Story, combines his extensive experience in a well-written and fact-centred analysis of the economics, politics and history…
Nearly one-third fewer petroleum wells will be drilled in Canada this year compared to 2018, according to an industry association. The Petroleum Services Association of Canada (PSAC), in its third update to its 2019 Canadian Drilling Activity Forecast, is again decreasing its forecasted number of wells to be drilled across Canada for 2019 from 5,300…
Marriott's luxury hotel development in downtown Edmonton adjacent to the Rogers Place has thrown open its doors. Named the JW Marriott Edmonton ICE District, the development features 346 tech-integrated guestrooms and approximately 22,000 square feet of meeting and conference space. The company claims the district has Edmonton's largest event ballroom, featuring 9,000 square feet of…
TC Energy Corporation’s net income attributable to common shares for second quarter 2019 was $1.1 billion or $1.21 per share compared to net income of $785 million or $0.88 per share for the same period in 2018, the company announced Thursday. It said comparable earnings for second quarter were $924 million or $1.00 per common…
Toronto ranked third, Vancouver 12th, Montreal 13th and Ottawa 19th in top-50 list: CBRE report
As Calgary and Edmonton try to establish a significant tech industry in Alberta, a report released on Thursday by commercial real estate firm CBRE indicates just how far behind Alberta is when it comes to tech talent. Neither Alberta city made it to the top 50 list in North America for tech talent. But both…
RBC poll says many Canadian baby boomers worry about a retirement savings shortfall
Many Canadian baby boomers worry about a retirement savings shortfall and Albertans have the highest expectations for how much they think they’ll need to save for retirement, according to a report released on Thursday by RBC. In a poll, Albertans surveyed said they think they will have to save $1.1 million for their retirement. The…