Subscribe  Log in | Register | Advertise | Digital Issue   |   Search
  • Upstream
  • Midstream & Downstream
  • Gas & LNG
  • Trading & Markets
  • Corporate & Finance
  • Geopolitics
  • Podcasts
Search
Related Articles
Blueberry River veto casts a long shadow
Implications of settlement between British Columbia and First Nations group go beyond development of massive Montney shale formation
Canada’s upstream on track to strengthen in 2023
Coming off a strong rebound year, the Canadian oil patch is on an upward trend, with strong prices and increased spending, but political uncertainty continues to cast a pall long term
Global LNG analysis report 2023 – Part 4
The fourth and final part of this deep-dive analysis looks at LNG projects planned or underway across the Americas
Alberta’s savings hobbled by oil sands
Potential bonanza for Heritage Fund is not without caveats
Nova Scotia looks to revive its offshore
The province on Canada’s eastern coast is attempting to breathe new life into its moribund offshore oil and gas industry
TotalEnergies pushes forward with oil sands spin-off
The French major has expanded its stake in the Fort Hills mine to make the divestment more attractive
Letter from Canada: LNG export industry in disarray
Canada at one stage looked set to be a major LNG exporter, but all except four liquefaction projects have fallen by the wayside
Alberta’s Sovereignty Act stokes controversy
Supporters say the act will deter Ottawa from introducing further legislation affecting oil and gas, while opponents say it creates uncertainty that will harm investment
More to come in Thailand for Valeura
The Canadian indie is already undergoing rapid growth and is looking for further opportunities in the Southeast Asian country
Outlook 2023: The role for oil and gas in the energy transition
Upstream M&A activity is not being deterred by the move towards decarbonisation
The Trans Mountain Expansion project could enable greater access to overseas markets once complete
Canada Oil sands Decarbonisation Energy transition Energy security Carbon capture
Vincent Lauerman
Calgary
5 May 2022
Follow @PetroleumEcon
Forward article link
Share PDF with colleagues

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

Welcome to the PE Media Network

PE Media Network publishes Petroleum Economist, Hydrogen Economist and Carbon Economist to form the only genuinely comprehensive intelligence service covering the global energy industry

 

Already registered?
Click here to log in
Subscribe now
to get full access
Register now
for a free trial
Any questions?
Contact us

Comments

Comments

{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
BP and Adnoc bid a further twist in Leviathan tale
31 March 2023
Could the NOC/major play for Newmed stake precipitate further changes to the Israeli field’s expansion roadmap?
Blueberry River veto casts a long shadow
31 March 2023
Implications of settlement between British Columbia and First Nations group go beyond development of massive Montney shale formation
Kurdistan the ultimate loser in Iraq-Turkey pipeline fracas
31 March 2023
Still room for compromise amid setback for region’s oil sector
Letter from the US: Financial contagion and the oil industry – What, me worry?
Opinion
31 March 2023
Banks’ stricter lending policies will force refiners and marketers to hold fewer stocks, putting a squeeze on the oil industry

Share PDF with colleagues

COPYRIGHT NOTICE: PDF sharing is permitted internally for Petroleum Economist Gold Members only. Usage of this PDF is restricted by <%= If(IsLoggedIn, User.CompanyName, "")%>’s agreement with Petroleum Economist – exceeding the terms of your licence by forwarding outside of the company or placing on any external network is considered a breach of copyright. Such instances are punishable by fines of up to US$1,500 per infringement
Send

Forward article Link

Send
Sign Up For Our Newsletter
Project Data
Maps
PE Store
Social Links
Social Feeds
  • Twitter
Tweets by Petroleum Economist
Featured Video
Home
  • About us
  • Subscribe
  • Reaching your audience
  • PE Store
  • Terms and conditions
  • Contact us
  • Privacy statement
  • Cookies
  • Sitemap
All material subject to strictly enforced copyright laws © 2023 The Petroleum Economist Ltd
Cookie Settings
;

Search