Tag: Recovery
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 […]
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 […]
Wind-powered oil recovery concept moves closer to implementation
Oil and gas companies increasingly designing renewable energy into their projects Renewable energy technology is increasingly being incorporated into oil and gas projects, such as the innovative wind-powered offshore water injection concept being developed by DNV GL of the Netherlands and ExxonMobil. The DNV GL-led joint industry project, WIN WIN (WINd powered Water INjection), has completed its […]
Oil sands job recovery begins, companies shift spending from expansion to operational efficiencies
Vacancies due to retirement eligibility could result in more job openings than industry activity CALGARY, ALBERTA – Canada’s oil sands sector has experienced sustained cost-cutting, restructuring and deeper than anticipated job cuts in 2016, but a modest recovery of about 3,400 net jobs is projected over the next four years as companies shift their spending from expansion […]
Worst over for Alberta economy, a modest recovery for 2017 – Conference Board of Canada
Ottawa – Alberta is forecast to emerge from one of the worst recessions to hit the province in decades next year, albeit economic recovery is likely to be modest, according to The Conference Board of Canada’s Provincial Outlook: Autumn 2016. “It appears that the worst may be over for Alberta, but the road to recovery […]
Permian Basin: Big potential for unconventional technologies to boost shale recovery
“Tight conventional plays in Texas, including Permian Basin and Eagle Ford fairway, also fared well, in terms of potential for redevelopment,” said Trammel. HOUSTON – A new study indicates there is significant upside potential for US oil and gas operators to apply lower-cost unconventional drilling and completion technologies to boost production from tight conventional reservoirs, according […]
Doom and gloom persist, but signs of recovery for coal industry
“The future of coal is brighter than some people think,” Price said. The steam-coal market is expected to remain challenging for the next few years, due to prices close to all-time lows, a massively oversupplied Chinese market, uncertain Indian market growth, and diminishing consumption across Europe. Nevertheless, signs are starting to emerge of a recovery […]
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