Tag: Investment

Ottawa upgrading spill response equipment for Canadian coasts

Ottawa upgrading spill response equipment for Canadian coasts

New equipment includes curtain booms, high-speed sweep systems, and small, portable multi-cassette skimmers Through the Oceans Protections Plan, the Government of Canada is upgrading spill response equipment and capacity to prevent and respond to marine pollution incidents, according to a press release. The government claims it will modernize and create a world-leading marine safety system […]

By December 29, 2017 0 Comments Read More →
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 →
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 →
Suncor to increase production in 2018 while capital spending drops $750 million

Suncor to increase production in 2018 while capital spending drops $750 million

Oil sands cash costs per barrel are $23-26 dollars Suncor released its 2018 corporate guidance today which includes a capital program of between $4.5 and $5.0 billion and average upstream production of 740,000 to 780,000 boe/d, according to a press release. The midpoints of these ranges represent a year over year production increase of more […]

By November 17, 2017 0 Comments Read More →
Corporate global solar funding $7.1 billion in first 9 months of 2017

Corporate global solar funding $7.1 billion in first 9 months of 2017

Large-scale project corporate funding crosses $10 billion in 2017 Mercom Capital Group, llc, a global clean energy communications and consulting firm, released its report on funding and merger and acquisition (M&A) activity for the solar sector in the third quarter (Q3) of 2017 and the first nine months of 2017. Total corporate funding (including venture capital funding, public market […]

By October 11, 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 →
TransCanada to expand Canadian Mainline capacity through new investment

TransCanada to expand Canadian Mainline capacity through new investment

Expansion will move additional 80 million cubic feet of natural gas per day, much of it from West to Eastern Canada markets TransCanada Corporation announced it will apply to the National Energy Board to expand the capacity of the Canadian Mainline System through its Maple Compressor Station near Vaughan, Ontario, according to a press release. […]

Global infrastructure investment of $97 Trillion needed by 2040

Global infrastructure investment of $97 Trillion needed by 2040

US to have the largest funding gap, Canada among countries with the lowest funding gap A ground-breaking new report by the G20’s Global Infrastructure Hub (GI Hub) outlines infrastructure investment needs globally and individually for 50 countries and seven sectors to 2040, according to a press release. The report, Global Infrastructure Outlook, reveals the cost of providing infrastructure […]

Global upstream investment on track to double in 2017 – Wood Mackenzie

Global upstream investment on track to double in 2017 – Wood Mackenzie

Majors continue to dominate new project sanctions According to a recent Wood Mackenzie report “A big year for FIDs: 2017 marks a turning point“, the number of upstream projects reaching FID (final investment decision) in 2017 could double to 25 compared to only 12 last year. In the first half of the year, the industry […]

Global oil and gas investment drops for 2nd straight year – IEA

Global oil and gas investment drops for 2nd straight year – IEA

Energy R&D is split about evenly between private money and public funding Global energy investment fell by 12 per cent in 2016, the second consecutive year of decline, as increased spending on energy efficiency and electricity networks was more than offset by a continued drop in upstream oil and gas spending, according to the International […]