Tag: Gas

World Bank teams up with Canada to help developing countries transition from coal

World Bank teams up with Canada to help developing countries transition from coal

Starting in 2019, World Bank Group will stop financing upstream oil and gas exploration and production in developing countries The World Bank says it will work with Canada to help developing countries transition away from coal-fired power generation. In a separate announcement at the One Planet Summit, the global organization set up to promote economic development and […]

By December 13, 2017 0 Comments Read More →
BC uses aerial survey to better understand methane emissions at wells

BC uses aerial survey to better understand methane emissions at wells

As of June, gas migration associated with 144 wells in northeast BC The BC Oil and Gas Commission has completed a study to assess technology to detect decommissioned well leaks in northeast British Columbia, according to a press release. Many decommissioned wells are difficult to access and inspect by conventional means. The use of aerial detection methods […]

By December 4, 2017 0 Comments Read More →
Global upstream oil and gas investment falls 25% in 2016, modest rebound in 2017 – IEA

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 […]

By November 23, 2017 0 Comments Read More →
Alberta to give municipalities relief on oil and gas uncollected tax

Alberta to give municipalities relief on oil and gas uncollected tax

Cost estimate of program determined once applications received from municipalities, $10 million cap The Alberta government is supporting municipalities by providing a tax credit for uncollectable education property taxes on oil and gas properties, according to an Alberta government press release. Municipalities collect education property taxes on behalf of the province through their municipal property […]

By November 16, 2017 0 Comments Read More →
Chevron, Microsoft partner for digital transformation from reservoir to retail gas pump

Chevron, Microsoft partner for digital transformation from reservoir to retail gas pump

Volumes, velocity of real time data from reservoir through refineries to retail pump grows at dramatic pace every year Chevron Corporation announced a seven-year partnership with Microsoft Corp. establishing the company as Chevron’s primary cloud provider, accelerating the application of advanced technologies including analytics and the Internet of Things (IoT) to drive performance and improve efficiencies, according to a […]

By November 1, 2017 0 Comments Read More →
Canadian innovator alert: Open call for oil/gas technology development proposals by international funder

Canadian innovator alert: Open call for oil/gas technology development proposals by international funder

Technologies can be at concept stage or be ready for market development, open to Canadian innovators The Industry Technology Facilitator (ITF) has issued its annual open call for proposals and this year all global developers of innovations in the oil and gas industry are welcomed at any technology readiness level, according to a press release. […]

By October 24, 2017 0 Comments Read More →
25 years of Atlantic Canada offshore oil and natural gas production – NEB

25 years of Atlantic Canada offshore oil and natural gas production – NEB

Output continued to grow as new projects were added, peaking in 2007 This year marks a quarter century of offshore oil and natural gas production in Atlantic Canada. From fields discovered as far back as 1969, production from Nova Scotia and Newfoundland and Labrador has allowed those provinces to fill growing global demand for oil […]

By October 13, 2017 0 Comments Read More →
New analysis shows Canada benefits from responsible energy development- CAPP

New analysis shows Canada benefits from responsible energy development- CAPP

By 2:1 margin, people around globe prefer oil from countries with climate change policies Population growth around the world is increasing demand for more energy in every form, creating a chance for Canada both to share its energy prosperity abroad and drive to a lower-carbon economy at home, according to an analysis and forthcoming report […]

By October 10, 2017 0 Comments Read More →
Hurricanes Harvey and Irma economic, industry impacts one month later: IHS Markit

Hurricanes Harvey and Irma economic, industry impacts one month later: IHS Markit

In next decade U.S. will build 25% of world’s needed capacity for new chemicals IHS Markit has released a new forecast on the impact of Hurricanes Harvey and Irma on the national and regional economies, transportation infrastructure, automotive industry and the crude oil, refining and chemical sectors, according to a press release. U.S. economic impact: “We […]

By October 3, 2017 0 Comments Read More →
Study weighs cost of carbon on upstream sector – Wood Mackenzie

Study weighs cost of carbon on upstream sector – Wood Mackenzie

“Most intriguing finding was risk is less than we expected” A new study released by Wood Mackenzie, Positioning for the Future, is the first comprehensive study ever carried out into carbon emissions in the upstream oil and gas sector, according to a press release. “The carbon emissions targets set by the Paris Agreement, together with […]

By September 20, 2017 0 Comments Read More →