Northern Star Publications Ltd. 5th Floor, 900 â 6th Avenue SW Calgary, Alberta, Canada T2P 3K2 Phone Toll Free 1-800-526-4177 Calgary 403-263-6881 Without action, McLauchlin said the province runs the risk of becoming the Rust Belt â a region from New York through the Midwest that was once dominated by manufacturing but has now become synonymous with regions facing industrial decline â or northern Scotland in the â80s. Meanwhile, Albertaâs oil and gas employment decreased by 0.5% (-580 positions). Energy news covering oil, petroleum, natural gas and investment advice Set Up FREE Account Submit Release. Oil and gas "existential crisis" looming in rural Alberta Municipalities can be leaders in creating a national energy strategy because they are so close to the situations on the ground, says the president of Rural Municipalities of Alberta â they can build a consensus together and then bring a plan forward to the federal government. Alberta is expanding its COVID-19 rapid testing program to schools, oil and gas and meat-packing plants. Drilling into the data The Calgary-based Canadian Association of Oilwell Drilling Contractors (CAODC) agreed that it was good news for the industry, but said oil and gas isn't out of the weeds yet. The oil and gas industry has long been a mainstay for young people â especially men â looking for work in Alberta, and Dustin Taylor was one of them. An International Shift Towards Voluntary Methane Reductions Has Implications for Canadian Industry. Alberta produces about 65 per cent of Canada's natural gas and 82 per cent of its oil. In September 2020, Canadaâs oil and gas industry employed approximately 160,140 workers, reflecting a 0.9% increase (or 1,400 positions) from August 2020. CALGARY (660 NEWS) â Alberta may be hoping the next boom is tech, not oil. In an interview with 660 NEWS, Albertaâs Minister for Jobs, Economy, and Innovation admitted it may be time to shift investment focus away from the energy sector. Read the latest news on the Energy sector and natural resources in Canada and around the world. Questions? +1 (202) 335-3939. Chris Doornbos, chief executive of Calgary-based E3 Metals Corp, looks at Albertaâs vast depleted oil and gas reservoirs and sees only opportunity. CALGARY -- A Calgary company has been ordered by the province to pay $80,000 after it did not allow Alberta Energy Regulator inspectors onto one ⦠Tuesday 09 March 2021 04:18 PM UTC-08 | Tags: alberta covid-19 in-depth oil-and-gas orphan-wells The Alberta government has compensated landowners on behalf of delinquent oil and gas companies at a level unprecedented in recent years, The Narwhal has learned. Oil & Gas Industry Today. The most decisive event in Canadian oil and gas history, which transformed Alberta into an oil and gas province, occurred on February 13, 1947. Please note: The Oil and Gas Quarterly and the Oil Sands Quarterly have been combined into one publication. ... Investment group boss optimistic Alberta will join national securities regulator More Oil and Gas > Pipeline News. The governments of Alberta and Canada are advancing their commitment to ensure Indigenous businesses and communities play a meaningful role in Alberta's post-pandemic energy strategy by targeting $100 million of federal Site Rehabilitation Program (SRP) grant funding to clean up inactive oil and gas sites in Indigenous communities across Alberta. Alberta has reached a deal with the federal government to establish its own rules to restrict a potent form of carbon pollution, saying Thursday the move would save the oil and gas industry money.. Pipeline News North. Community. Search Oil & Gas Jobs. Alberta inquiry into oil and gas foes could face legal challenge from Ecojustice Political scientists say Kenney must rethink pugilistic approach on oil, environment Amnesty 'deeply concerned' about Alberta's plans to fight oil industry foes Alberta hires former journalist to devise fight-back plan against energy foes Kenney: higher risk tolerance, ability to act quickly key for energy 'war room' Higher oil prices boosting Albertaâs bottom line as budget looms February 24, 2021 7:30 AM The Canadian Press 0 Comments Alberta Premier Jason Kenney Premier Jason Kenney says a recent bump in energy prices in the third quarter of the current budget is helping the bottom line as his government prepares to introduce its 2021-22 budget. +1 (202) 335-3939. Set Up FREE Account Submit Release. He moved to Alberta as a kid, and found himself in yet another province heavily reliant on the oil and gas industry. By Nia Williams. A pilot project to convert abandoned oil and gas sites in southern Alberta to renewable power generation has been given the green light and more than $4 million in funding to make it happen. CAPP estimates conventional oil and natural gas capital spending will be $20 billion, up from an estimated $17.2 billion last year, while spending in the oilsands will grow to $7.3 billion, up from $6.7 billion. Hereâs How âTens of thousandsâ of people would be put to work immediately in high-skill jobs, say advocates. Questions? Alberta expects its total resource revenue â which includes royalties from oil and gas, bitumen, and coal, as well as bonuses and sales of Crown ⦠CALGARY â The Alberta Energy Regulator says it is suspending licences for thousands of wells and pipelines after an oil and gas producer failed to bring its operations into regulatory compliance. Crude oil prices & gas price charts. February 23, ⦠By Medicine Hat News on March 6, 2021. Alberta Oil & Gas Companies News Topics; Specialized News Sections on Alberta Oil & Gas Companies. Lauerman: Shellâs Scenarios Tell Alberta Oil And Gas A Story. Rigzone is the World's leading resource for Oil & Gas jobs, news, events, and training. February 24, 2021, 8:19 AM MST. Alberta is expanding its COVID-19 rapid testing program to target asymptomatic people in various sectors across the province, including oil and gas, schools and banks.. Students at ⦠His company is testing technology that, if successful, would extract lithium from the brine in old wells, which eventually could find its way into the batteries that power electric vehicles. The latest on oil industry, gas prices and alternative energy. Oil & Gas Industry Today. Canadian oil-producing province Alberta has committed to providing a C$400m ($315.9m) to clean up oil and gas wells that are inactive as part of a programme to support oilfield services jobs. The funding is on top of C$400 million Alberta made available for well cleanups last year, and comes from the federal governmentâs COVID-19 economic stimulus spending. February 24, 2021, 6 AM MST. Read the latest Oil & Gas headlines, all in one place, on NewsNow: the one-stop shop for news By clicking "OK" or continuing to use this site, you agree that we may collect and use your personal data and set cookies to improve your experience and customise advertising. Advantage Oil & Gas is committed to be financially disciplined, operationally nimble and returns focussed. The agreement replaces federal regulations on methane, the main component in natural gas, with new provincial rules that would last âup to five years.â SUBSCRIBE NOW A private oil and gas company with operations in Cypress County and Taber has had its licenses suspended by the Alberta Energy Regulator. Total Oil & Natural Gas Financings More Than Double In 2020. The impact to Alberta's energy sector due to COVID-19 and oil prices could put the country on the "brink of recession," the Conference Board of Canada said Tuesday in their spring outlook report. The funding is an addition to the C$400m provided by the province last year for oil well clean-ups. The company offers investors a strong platform for growth with high quality light oil, a prolific gas foundation, low-cost owned infrastructure and disciplined financial management. Read the latest Oil & Gas News. For more information on the Oil and Gas Quarterly updates please contact: Stephen Marsters , smarsters@jwnenergy.com . Alberta Oil & Gas News Topics; Specialized News Sections on Alberta Oil & Gas. Alberta Can Transition from Oil and Gas and Have a Strong Economy. Oil and gas is core to our existence as it is now. âSo far, nobody has actually used abandoned oil and gas infrastructure for solar deployment,â said Keith Hirsche, who is heading up the RenuWell project for the Municipal District of Taber. Taylor was born in Nova Scotia, where his dad worked on an offshore oil rig. CALGARY, Alberta (Reuters) â Alberta said on Friday it will provide another C$400 million in funding to clean up inactive oil and gas wells, part of a program aimed at supporting oilfield services jobs.. Jason Kenney, the premier of the oil-rich Canadian province of Alberta, went before the press in late March to announce a hefty new round of investment in the planned Keystone XL pipeline. As Bindu Suri explains, the testing will target ⦠That day, Imperial Oil discovered light oil during an exploratory drilling operation near the town of Leduc, Alberta, just south of Edmonton. Get all the latest news on Alberta Innovates on Oil & Gas Product News, including editorials, recent product releases and reviews. Advantage trades on the TSX under the symbol AAV. Oil price charts for Brent Crude, WTI & oil futures.