Tag: 2017
Alberta Govt says economy up, budget deficit down but DBRS downgrades credit anyway
Province extending salary freeze 18 months for management, non-union employees The Alberta government now forecasts the economy will grow by four per cent in 2017, up from the 2.6 per cent forecast at budget and 3.1 per cent at first quarter, according to an Alberta government press release. But credit agency DBRS announced Wednesday that […]
Global upstream oil and gas investment falls 25% in 2016, modest rebound in 2017 – IEA
Rapidly growing economies of Southeast Asia represent over 4% of global energy investment Total energy investment worldwide in 2016 was just over $1.7 trillion, accounting for 2.2 per cent of global GDP, according to the International Energy Agency(IEA). Investment was down by 12 per cent compared to IEA’s revised 2015 energy investment estimate of […]
SPARK 2017 conference in Edmonton a big success for Alberta clean tech industry
Emission Reductions Alberta planning SPARK conference again in 2019 More than 560 innovation and business leaders converged in Edmonton last week to attend SPARK 2017. The conference, featuring more than 80 speakers, was co-hosted by Emissions Reduction Alberta and Alberta Innovates, according to a press release. “Our province’s doors are open to ideas and investment,” […]
Global energy system being transformed by renewables, electrification, says IEA annual report
U.S.projected to become world’s largest LNG exporter and net oil exporter by end of 2020’s The resurgence in oil and gas production from the United States, deep declines in the cost of renewables, and growing electrification are changing the face of the global energy system and upending traditional ways of meeting energy demand, according to […]
Job vacancies soar in Alberta, led by surge in energy sector
Workers collecting unemployment benefits down in Edmonton (-4.1%), Calgary (-3.0%) According to Statistics Canada, job vacancies in Alberta rose by 8,500 in the second quarter of 2017 compared to the same period last year. The increase is a row of year-over-year increases for the province, the agency said in a release on Oct. 19. There […]
Alberta hottest economy in 2017, but provincial deficit unchanged at $10.5 billion
“Alberta’s economy is recovering, but it is not returning to what it looked like in 2014.” – Todd Hirsch Alberta’s economy continued to pick up momentum in the first half of 2017, with gains in jobs, housing, exports and other areas, according to a press release from the Alberta Government, which is now forecasting economic […]
Texas drilling permits and completions statistics for June 2017
Texas rig count as of July 7 was 463, 49% of all active rigs in U.S. The Railroad Commission of Texas (Commission) issued a total of 1,305 original drilling permits in June 2017 compared to 656 in 2016, according to a press release. The June total included 1,131 permits to drill new oil or gas […]
Texas oil and gas production statistics for April 2017
Texas production in April 2017 came from 179,422 oil wells and 92,879 gas wells Production for April 2017 as reported to the Railroad Commission of Texas is 78,389,597 barrels of crude oil and 605,379,703 mcf of total gas from oil and gas wells, according to a press release. These preliminary figures are based on production […]
Texas drilling permits and completions statistics for May 2017
Texas rig count as of June 9 was 460, representing 50% of active rigs in U.S. The Railroad Commission of Texas (Commission) issued a total of 1,021 original drilling permits in May 2017 compared to 606 in May 2016, according to a press release. The May total included 841 permits to drill new oil or […]
Canadian May rig count down 23, US count up 40 – Baker Hughes
Worldwide rig count for May 2017 was 1,935, up 18 Baker Hughes Incorporated announced the international rig count for May 2017 was 957, up 1 from the 956 counted in April, and up 2 from the 955 counted in May 2016, according to a press release. The international offshore rig count for May was 202, […]
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