Canada

So many unprecedented changes have occurred in the Canadian oil business that it is impossible to compare the current downturn to anything seen before.

The savings result in part from the depreciation of global currencies against the US dollar, as most operating expenses in oil and gas production are realized in local currencies. Brazil leads in savings.

Financial Fallout: For two big companies, tougher times call for tougher actions.

Several companies have provided updates on their North American LNG projects, including Pembina, LNG Canada, and Sempra. The outlooks vary from plans to move ahead to others seeking money to stay afloat.

Westcoast Energy revised its inspection practices following the 2018 incident. Its model used to predict crack growth did not take into account all uncertainties

Alberta carbon conversion challenge yields potential GHG reduction of millions of metric tons per year.

Canadian drilling activity has fallen measurably in 2019, and the outlook is even worse for 2020, according to a forecast from the Petroleum Services Association of Canada.

One of the most important environmental issues of openpit mining is the closure of mine pit lakes. This article from Mining Engineering provides an account by Gerry Stephenson, who was chief mining engineer of Canmore Mines and was instrumental in the reclamation of Canmore Creek Mine pit lakes.

Production from the Hibernia platform was shut down again on 17 August after its second oil spill in a month, while Husky Energy began to ramp up output from the White Rose field following the largest-ever spill off Canada’s easternmost province.

The private investment firm said it will partner with Treeline Well Services, one of the largest private rig providers in Canada, to build its service fleet following acquisition of the company. Treeline’s core areas are in Alberta and British Columbia.