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The National Energy Board projects that Canada’s monthly marketable gas production will decrease by a significant amount between January and December of this year. The following chart shows what provinces will contribute the most to the drop. (more…)

The latest Statistics Canada numbers show several interesting changes that occurred in the Canadian oil and natural gas market during the year between June 2008 and June 2009. Production of crude oil and equivalent hydrocarbons actually increased during that time, at the expense of imports. More oil was exported during that time and less of it was refined in Canada. Natural gas saw some dramatic trends as imports into Canada increased by 89.3 per cent over that time period with production, domestic sales and exports all falling during that time
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New pipeline project promises enriched revenues for all (more…)

Thanks in part to the efforts of the Energy Resources Conservation Board (ERCB), Alberta is internationally renowned for its success in reducing flaring and venting of solution gas. As the following chart shows, the level of gas conservation in this province has risen continuously compared to a 1990 base year, with the exception of 1999, 2006, 2007 and 2008. This decline in conservation can be directly attributed to new development in heavy oil and bitumen areas.

Source: ERCB

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The last year and a half has seen some huge changes in prices in Alberta, but few as marked as the price per hectare in petroleum and natural gas leases.

Source: Government of Alberta (more…)

Oil sands beckon to merchants of microscopic microbe food and mammoth boilers alike
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An Alaskan pipeline is back on industry agendas for the future (more…)

Reading the gas price tea leaves (more…)