The Trans Mountain Expansion project could enable greater access to overseas markets once complete
Canada wrestles with a produce more/emit less paradox
The requirement to cut the upstream industry’s carbon footprint places a chokehold on growth ambitions
The Canadian oil and gas sector has faced numerous headwinds over the past 15 years or so, many of tsunami intensity. But it has, on the whole, come out the other side stronger—especially in terms of oil production and exports—and more profitable. But its biggest challenge may still be ahead. These headwinds included the 2007-09 global financial crisis; a well-funded and sophisticated environmental campaign against oil sands development; the US shale oil and gas revolution; the 2014-16 oil price slump; federal climate policy and regulatory morass; an exodus of IOCs from the oil sands; the 2018 Western Canadian oil price implosion—due to a lack of egress from the region—and subsequent curtail
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15 May 2025
Financial problems, lack of exploration success and political dogma cause uncertainty across much of the region
14 May 2025
The invisible hand of the market has seen increasing transparency but much more needs to be done to build a better understanding
13 May 2025
A fall in Venezuelan output drives overall production lower, as Saudi Arabia starts to slowly bring more crude to the market
12 May 2025
With the gas industry’s staunchest advocates and opponents taking brutal blows, the sector looks like treading a path of insipid indifference
