Canadian oil and gas extraction industry suffers net loss in 2018

Total expenses were $137.4 billion (up 25.6 per cent), resulting in a net loss of $13.9 billion, says Statistics Canada

Canadian oil and gas extraction industry suffers net loss in 2018Total revenue for the Canadian oil and gas extraction industry rose 4.9 per cent to $123.5 billion in 2018, following a 35.5 per cent increase in 2017, but total expenses were $137.4 billion (up 25.6 per cent), resulting in a net loss of $13.9 billion, says Statistics Canada in a report released Wednesday. “Total operating…

Paying for the services you need, when you need them

Lana Midgley of Mountain Chickadee, Virtual Assistant Solutions, talks about finding a work niche that suits her and fulfils a need for customers

Paying for the services you need, when you need themLana Midgley is owner of Mountain Chickadee, Virtual Assistant Solutions. What is Mountain Chickadee and what does it do? Midgley: Mountain Chickadee is a virtual assistant company that provides remote administrative solutions to a wide variety of organizations that require support but not on a full-time basis; and organizations that need additional support for special…

Protecting AER protects Alberta energy industry integrity

Protecting AER protects Alberta energy industry integrityThere were days through the spring and summer when thousands of people poured into Calgary’s streets to demonstrate support for Canada's upstream oil and gas sector. There were placards, posters and T-shirts with slogans. There were chants and speeches. There was undeniable passion. They rallied to support the integrity of Canadian oil and gas –…

Giving a global perspective to Alberta’s crisis

David Yager, author of From Miracle to Menace: Alberta, A Carbon Story, talks about bringing the climate policy conversation back to reality

Giving a global perspective to Alberta’s crisisDavid Yager is an energy policy analyst, oil and gas writer and author of From Miracle to Menace: Alberta, A Carbon Story. Why did you write your book? Yager: As the climate change issue grew, it was accompanied by more advice that Alberta move from a sunset industry – fossil fuels – to renewables. B.C.…

Hatch Ltd., Upside Engineering Ltd. merge in the oil and gas sector

Brings together the largest oil and gas process team for complex upstream and downstream flowsheet development in Canada

Hatch Ltd., Upside Engineering Ltd. merge in the oil and gas sectorTwo significant players in Alberta's oil and gas market have merged. In a news release on Wednesday, Hatch Ltd. announced that Upside Engineering Ltd. has joined Hatch, bringing together the largest oil and gas process team for complex upstream and downstream flowsheet development in Canada with a well-established local engineering firm that specializes in midstream…

Crescent Point Energy selling some of its Sask assets

The company said its net debt is expected to improve to approximately $2.75 billion at year-end 2019

Crescent Point Energy announced Tuesday it was selling its Uinta Basin asset in its entirety and certain southeast Saskatchewan conventional assets for $912 million.  The company said its net debt is expected to improve to approximately $2.75 billion at year-end 2019, down from $4.40 billion prior to the changes in senior management in 2018.  "Since…

Oil sands driving Canadian energy-related R&D

Fossil fuel technologies were the main driver of energy-related in-house R&D spending in 2017, accounting for almost half of the money spent

Oil sands driving Canadian energy-related R&DCanadian companies spent $1.5 billion on energy-related in-house research and development (R&D) in 2017, says Statistics Canada. That accounted for 8.3 per cent of the total in-house R&D expenditure in Canada, but was still down 4.6 per cent from 2016. Energy-related areas of technology include fossil fuels, renewable energy sources, nuclear fission and fusion, electric…

Pembina buying Kinder Morgan Canada for $4.35 billion

Pembina buying Kinder Morgan Canada for $4.35 billionPembina Pipeline Corp. is buying Kinder Morgan Canada and the Cochin Pipeline for $4.35 billion, it was announced on Wednesday. Pembina said the transaction values Kinder Morgan Canada at approximately $2.3 billion, or $15.02 per share, and Cochin U.S. at approximately $2.05 billion. Pembina will acquire assets including the Cochin Pipeline system, the Edmonton storage…

Homes should be as unique as the people who live in them

Brigitte Lepage talks about the Capstone Custom Homes values of caring for clients, being accountable, innovative and passionate

Homes should be as unique as the people who live in themBrigitte Lepage is co-owner of Capstone Custom Homes. What is Capstone Custom Homes and what does it do? Lepage: Capstone Custom Homes is a luxury custom home builder based in Calgary. We’re also a relationship builder, a people-focused business that builds outstanding homes. The relationships that we have with our clients and everyone we deal…
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