Quebec needs Alberta as much as Alberta needs Quebec

Premier-elect Jason Kenney’s outstretched hand should not be ignored by Quebec

Quebec needs Alberta as much as Alberta needs QuebecIn a speech following his election victory this week, Alberta premier-designate Jason Kenney extended a hand to Quebec, urging the province not to hinder the development of Alberta’s energy sector. We Quebecers should listen to him. Alberta needs Quebec in the same way that Quebec needs Alberta. Alberta is looking for outlets for its hydrocarbons.…

12,500 jobs at risk in Canada’s oilpatch in 2019

Alberta will be hit the hardest, with 9,600 more jobs expected to disappear

12,500 jobs at risk in Canada’s oilpatch in 2019Some sobering news out on Monday about jobs in the struggling oilpatch. The 2019 Labour Market Update by the PetroLMI division of Energy Safety Canada indicates about 12,500 jobs are at risk this year due to several factors including low commodity prices, a decline in capital spending and continued uncertainty over market access. And Alberta,…

Oil production slips from December to January after mandatory cuts

January was the first month of temporary mandatory production cuts in Alberta: StatsCan

Oil production slips from December to January after mandatory cutsCrude oil and natural gas production and electricity generation rose in January, while coal production declined compared with the same month in 2018, says Statistics Canada. The federal agency reported on Friday that Canada produced 22.3 million cubic metres (140.3 million barrels) of crude oil and equivalent products in January, up 3.1 per cent from…

Albertans over contribute to Canada Pension Plan

Alberta paid $27.9 billion more into the Canada Pension Plan than what they received in CPP payments over the past 10 years.

Albertans over contribute to Canada Pension PlanA report from the Fraser Institute says Alberta workers paid $27.9 billion into the Canada Pension Plan over and above what retirees in the province received in CPP payments over the past 10-year period. The report - Albertans Make Disproportionate Contributions to National Programs: The Canada Pension Plan as a Case Study - released Wednesday…

Natural resources GDP declines in fourth quarter of 2018

Energy prices recorded their largest decline since the first quarter of 2016, following four consecutive quarterly increases

Natural resources GDP declines in fourth quarter of 2018Real gross domestic product of the natural resources sector decreased by 0.4 per cent in the fourth quarter, following a 0.8 per cent increase in the third quarter, according to a report released on Tuesday by Statistics Canada. The federal agency said real GDP in the energy subsector declined 0.3 per cent in the fourth…

Canadian crude oil production on the rise

Exports on the rise to U.S. and elsewhere: StatsCan

Canadian crude oil production on the riseCanadian production of crude oil and equivalent products totalled 264.6 million cubic metres in 2018, up 8.5 per cent from the previous year, according to Statistics Canada. The federal agency reported on Monday that non-upgraded production of crude bitumen (+12.7 per cent) was the main contributor to the overall rise. Since January 2016, the average…

Global technology leader Cisco investing $15 million in Western Canada

Funding and testing innovations in areas such as the oil and gas sector, health-care digitization and environmental protection

Global technology leader Cisco investing $15 million in Western CanadaGlobal technology leader Cisco is investing $15 million to enhance its Western Canadian presence. “Getting the most out of the digital world of tomorrow means investing and preparing for it today,” said Rola Dagher, president of Cisco Canada, in making the announcement on Wednesday in Calgary. “The commitments announced today build on our strong track…

Saskatchewan among best mining investment sites worldwide

But Alberta's ranking continues to slip in the latest Fraser Institute report

Saskatchewan among best mining investment sites worldwideSaskatchewan is the world’s third most attractive jurisdiction for mining investment, while Alberta placed 51st in the latest Annual Survey of Mining Companies report released on Thursday by the public think-tank the Fraser Institute. “The mining survey – now in its 21st year – is the most comprehensive report card on government policy decisions that…

Alberta fuels increase in crude oil delivery to Canadian pipelines

Natural gas pipelines received 551.6 million gigajoules, down 3.1% from the same month in 2017

Alberta fuels increase in crude oil delivery to Canadian pipelinesPipelines in Canada received 21.9 million cubic metres of crude oil and equivalent products from fields and plants in November, up 2.4 per cent compared with the same month in 2017, says Statistics Canada. The vast majority of these receipts (87.8 per cent) originated in Alberta, added the federal agency on Thursday. “In November, closing…

Alberta leads the way in crude oil production increase

Statistics Canada said exports of crude oil and equivalent products increased 10.7% from the same month a year earlier

Alberta leads the way in crude oil production increaseCanada produced 23.1 million cubic metres (145.6 million barrels) of crude oil and equivalent products in October, up 13.2 per cent from the same month a year earlier, according to Statistics Canada. The federal agency said on Friday that Alberta produced 19.3 million cubic metres of crude oil and equivalent products in October, an increase…

Report says oil prices expected to rise

Prices will improve because of increased demand from U.S. refineries, improving transportation capacity and mandatory productions cuts in Alberta

Report says oil prices expected to riseThe oilpatch in Alberta has had a tough go of it since oil prices collapsed in the latter part of 2014. But on Tuesday there was some good news from a new report released by Deloitte’s Resource and Advisory Group. It forecasts prices for Canadian heavy and light oil to improve somewhat in 2019 because…

New coalition seeks to create a compelling LNG narrative for Canada

The group is hosting a session on Jan. 15 in Calgary to gauge interest. So far, nearly two dozen organizations plan to attend

New coalition seeks to create a compelling LNG narrative for CanadaCanada's oil and gas industry long ago lost control over the narratives that shaped the worldview of its oil sands sector. Sadly, that perspective includes much of Canada. The sector is constantly reacting to competing narratives expertly controlled by outside forces much more proficient at storytelling than we’ve been. As a result, Canada's global reputation as…

Nimble, creative deal-makers concentrate on building, operating hotels

Eric Watson explains how MasterBUILT Hotels’ business strategy allows the company to succeed in challenging times

Nimble, creative deal-makers concentrate on building, operating hotelsEric Watson is president of MasterBUILT Hotels. Tell me about MasterBUILT Hotels – the history of the company, the number of hotels and where they’re located. Watson: MasterBUILT Hotels was formed in April 2011 by two prominent Calgary business leaders and friends – Jay Westman and Marc Staniloff – with the mission of developing 75…

A hurtin’ song for Albertans – and a wakeup call to the nation

If the rest of Canada won’t listen to other forms of conversation about the importance of the energy sector, how about a song?

A hurtin’ song for Albertans – and a wakeup call to the nationThings have devolved into such a state of ridiculous zaniness on Canada's energy scape that perhaps it's time to express our travails through that time-proven panacea for all forms of hurt: the country and western song. Such songs can timelessly and eloquently express a range of sentiments and emotions. They’re anthems to spirit, grittiness and…
1 2 3 9