Canada’s oil and gas companies have managed to boost production from conventional resources while reducing carbon dioxide and methane emissions over the decade to 2021, the industry association CAPP has reported. Between 2012 and 2021, CAPP said, Canada’s oil and gas producers increased their total conventional hydrocarbon output by 21%, …
Read More »Canada’s Oil Production Set for 8% Rise over Two Years
Tie-backs to existing oil sands facilities or expansion of operational sites by some of the biggest Canadian oil firms are expected to boost Canada’s crude oil production by 8% by 2025, analysts have told Reuters. Analysts at RBN Energy see Canadian crude oil production rising by 175,000 barrels per day …
Read More »Canada Set to Mandate 20% EV Share of New Car Sales by 2026
Canada will propose on Wednesday that one-fifth of all passenger cars, SUVs, and trucks sold in the country in 2026 be electric vehicles (EVs), The Canadian Press reports. The target, part of new regulations by the Environment Ministry, is also expected to mandate that all passenger vehicles sold in Canada …
Read More »Gazprom Asks Siemens for Turbine Repaired in Canada
Russian energy giant Gazprom said Saturday it had asked German group Siemens to return a turbine it has repaired in Canada to ensure the Nord Stream pipeline delivering gas to Europe works. Gazprom started 10 days of maintenance on the Nord Stream 1 pipeline on Monday, with the European Union …
Read More »Trudeau: Decision to Return Russian Gas Turbine was “very Difficult”
Canadian Prime Minister Justin Trudeau said that the sanctions exception it made to return Russia’s repaired gas turbine was a “very difficult” decision to make, Reuters reported on Wednesday. Canada said over the weekend that it had provided a “time-limited and revocable permit” to return the turbine to Gazprom for …
Read More »Germany, Canada in Talks on Terminal for Exporting LNG to Europe
Germany is in talks with Canada over options to export liquefied natural gas (LNG) to Europe via a terminal on Canada’s east coast, a German government official told Reuters yesterday. German Chancellor Olaf Scholz discussed the issue with Canadian Prime Minister Justin Trudeau on the sidelines of the summit held …
Read More »QatarEnergy Farms into Exploration Block Offshore Canada
QatarEnergy has signed an agreement with ExxonMobil to farm into an exploration license offshore the province of Newfoundland and Labrador in Canada, it said on October 24. The transaction has received all necessary consents from the Canada- Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB). According to the agreement, QatarEnergy will …
Read More »Baker Hughes Rig Counts Show USA Dip and Canada Surge
Baker Hughes Co. on Friday reported the total number of rotary drilling rigs operating in the United States ended the week at 456, representing a one-unit decline from a week ago. The most recent U.S. rig count reflects no change in the number of oil (359) and a one-unit drop …
Read More »US Refiners Look to Outdo Canadians in Renewable Fuel
US oil refineries are moving aggressively to produce renewable diesel, partly to cash in on Canada’s greener fuel standard before Canadian refiners modify their own plants. Canadian Prime Minister Justin Trudeau’s government intends to present its Clean Fuel Standard this year, aiming to cut 30 million tons of emissions by …
Read More »World’s Largest Airport-Based Solar Farm is Ready to Take Off in Canada
The project is expected to have an annual energy production of 200,000MWh, which will result in an annual offset of 106,000 tonnes of carbon dioxide.
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