The fight to build the Keystone XL oil pipeline will move from Washington D.C. to Nebraska after U.S. President Donald Trump approved the controversial and long-delayed project on Friday. Read more about it here.
Alberta receives federal money for orphan wells
On Wednesday, the federal budget took a tentative step toward addressing Alberta’s orphan well problem by providing $30 million to the Notley government “to support provincial actions that will stimulate economic activity and employment in Alberta’s resource sector.” Read more about the funding here.
Federal help for Alberta’s orphan oil wells may be on the way
Alberta may receive federal aid to help clean up the rising number of oil wells whose owners have gone bankrupt. Read more here.
Oil and Gas Make Things Happen. Find out what!
Follow the link here, to see the Petrochemicals Europe flowchart that traces the main steps from crude oil and natural gas through to building blocks, derivatives and ultimately everyday products.
PSAC Q1 2017 Drilling Forecast is Optimistic
In its first update to the 2017 Canadian Drilling Activity Forecast, the Petroleum Services Association of Canada (PSAC) has revised its forecasted number of wells drilled (rig releases) across Canada for 2017 upwards. Read the entire Q1 update here.
Hope for the Keystone pipeline!
U.S. President Donald Trump signed two executive orders on Tuesday to move forward with construction of the controversial Keystone XL pipeline. Read more about the story here.
Trudeau’s oil sands ‘phase-out’ comments spark anger in Alberta
Prime Minister Justin Trudeau sparked anger and condemnation in Alberta on Friday when he said at a town hall in Ontario that the oil-sands industry needs to be “phased out” as the country transitions to a lower-carbon economy. Read more about his statement in the Globe and Mail here.
Fort St. John Mayor Lori Ackerman buys a full page ad in the Vancouver Sun
On November 30 Fort St. John Mayor Lori Ackerman bought a full page ad in the Vancouver Sun because the paper refused to print her letter to the editor in support of the B.C oil and gas industry. You can read the ad in its entirety here.
OPEC ditches pump-at-will policy and resumes traditional role as price fixer
OPEC clinched a deal to curtail oil supply, confounding skeptics as the need to clear a record global crude glut — and prove the group’s credibility — brought its first cuts in eight years. Crude rose as much as 8.8 per cent in London. Read the full article here.
Trudeau approves Line 3 & Trans Mountain, rejects Northern Gateway
Prime Minister Justin Trudeau today announced the federal government approval of Enbridge’s $7.5 billion Line 3 pipeline project, and the $6.8 billion Kinder Morgan Trans Mountain project. Read the full article here.