2018 production targeted between 1,090,000 BOE/d and 1,170,000 BOE/d Canadian Natural Resources Ltd. announced its 2018 budget, with a capital investment of $4.3 billion, $500 million less than 2017, and a 50 per cent increase in oil sands production, according to a press release. “Canadian Natural’s transition to a long life low decline asset base is […]
CNRL to boost Alberta oil sands production 50% in 2018 Read More »
Alberta, Ontario experienced largest changes in GHG emissions between 2005 and 2015 Under the Paris Agreement, Canada committed to reducing its GHG emissions to 30 per cent below 2005 levels by 2030, or a target of 523 megatonnes of carbon dioxide equivalent, according to a National Energy Board press release. In 2015, Canada’s total GHG emissions were 722 Mt
Some Canadian provinces already meet their 2030 GHG emissions targets Read More »
Hitting 1 million boe/d still far from certain In its Q4 earnings call, Pioneer Natural Resources provide guidance on how it plans to increase its Permian Basin production to one million barrels equivalent per day (70% oil) by 2026, while pledging cash flow neutrality in 2018, according to Wood Mackenzie. Sounds great, but is it doable? In Wood
Pioneer Natural Resources’ Permian Basin pathway to 1 million boe/d Read More »
By John Kemp LONDON (Reuters) – OPEC will achieve some but not all of the production cuts the organisation agreed last month, according to an informal survey of energy professionals conducted after the agreement was announced. Most energy professionals expect OPEC output will decline to around 33.0 million barrels per day in Jan. 2017, down
OPEC expected to deliver only half of target production cut – Kemp Read More »
Breakthrough Institute found natural gas prevented 17x more CO2 emissions than wind, solar, geothermal combined By Seth Whitehead, EnergyInDepth Many environmentalists have bemoaned the election results as nothing short of a “nightmare” for international efforts to address climate change. But a new report by researchers that Time Magazine has called “heroes of the environment” illustrates why
