Is the ‘shale revolution‘ already winding down?

The efficiencies of shale exploitation technology may be sowing the seeds of a rapid decline

Is the ‘shale revolution‘ already winding down?Calgary’s Business and Troy Media are pleased to welcome Brad Hayes to our roster of contributors. Brad is president of Petrel Robertson Consulting Ltd., a geoscience consulting firm addressing technical and strategic issues around conventional and unconventional hydrocarbon exploration and development. He earned a PhD in geology from the University of Alberta, and a BSc…

Canada’s climate policy mess is hardly cost-effective

The federal government is simply layering a carbon tax on top of a pre-existing and very inefficient mix of regulations

Canada’s climate policy mess is hardly cost-effectiveIn the latest example of carbon-pricing confusion, the C.D. Howe Institute recently published a report that describes the federal carbon-pricing plan as “cost-effective” – while noting evidence that the overall policy mix is anything but. Since we don’t get to pick which policies bite, it’s important to see the carbon tax not in isolation but…

Crude oil and equivalent products production up 9.6%

Alberta (82.6%), Saskatchewan (10.3%) and Newfoundland and Labrador (4.7%) accounted for the vast majority of Canadian production

Crude oil and equivalent products production up 9.6%Canadian production of crude oil and equivalent products continued at a robust pace in August as production totalled 23.6 million cubic metres (148.6 million barrels), up 9.6 per cent compared with the same month in 2017, says Statistics Canada. And Alberta produced a record 19.5 million cubic metres of crude oil and equivalent products in…

Sundial Growers partners with U of S for cannabis research

Project to study the effectiveness of using cannabis as a treatment for dementia

Sundial Growers partners with U of S for cannabis researchAlberta-based cannabis producer Sundial Growers is partnering with the University of Saskatchewan to research the efficacy of cannabis as a treatment for dementia. Clinical studies will be undertaken as part of the research. “With today's (Tuesday) announcement and similar collaborations with the University of Calgary and Sundial's Mitacs research initiative, we are demonstrating our commitment to becoming…

A century later, UFA still providing farmers with supplies and leverage

CEO Carol Kitchen talks about how UFA is part of the fabric of rural Alberta, helping agriculture feed people around the world

A century later, UFA still providing farmers with supplies and leverageCarol Kitchen is president and CEO of UFA. Calgary’s Business: What’s the United Farmers of Alberta and what does it do? Kitchen: United Farmers of Alberta (UFA) is a member-owned co-operative. We’re a progressive and diversified business that provides the products, services and solutions our owners and customers in rural communities need to successfully run…

ATB Financial lends Westleaf Cannabis funds for SK facility

Company plans 115,000-square-foot cannabis cultivation facility near Battleford

ATB Financial lends Westleaf Cannabis funds for SK facilityWestleaf Cannabis is receiving a development loan of up to $24 million from ATB Financial to build its business. “As one of the first traditional lenders to enter the cannabis space, we’re proud of our long-term partnership with ATB as it has been instrumental in bringing our Westleaf vision to life,” said Taylor Ethans, chief…

Canada’s crude oil profit margin is being railroaded

Shipping crude by rail means lost revenue for oil producers and hampers the broader Canadian economy

Canada’s crude oil profit margin is being railroadedBy Elmira Aliakbari and Ashley Stedman The Fraser Institute When Canada's Federal Court of Appeal quashed the federal government’s approval of the Trans Mountain pipeline expansion project, citing inadequate consultation with First Nations and concerns over marine tanker traffic, it was the latest blow in a bad few months for Canada’s heavy oil producers. Crude…

Canadian Pacific moving more grain

Railway plans to spend more than $1.55 billion in capital investments in 2018

Canadian Pacific moving more grainCanadian Pacific railway announced on Monday that it moved 25.8 million tonnes of Western Canadian grain and grain products, soybeans and other non-regulated principal field crops during the 2017-2018 crop year, up one per cent over the 2016-2017 crop-year and one per cent above its three-year average. It also said that September 2017 was CP's…

Alberta sends bulk of crude oil to pipelines in Canada

Pipelines delivered 7.4 million cubic metres of crude oil to Canadian refineries in June, up 3.2% over last year

Alberta sends bulk of crude oil to pipelines in CanadaPipelines in Canada received 20.8 million cubic metres of crude oil and equivalent products from fields and plants in June, up 4.5 per cent compared with the same month in 2017, according to Statistics Canada. The federal agency reported 0n Monday that the vast majority of product came from Alberta at 86.4 per cent of…

Canadian oil production on the upswing

Alberta (80.9%), Saskatchewan (10.7%) and Newfoundland and Labrador (5.9%) accounted for the vast majority of Canadian production of crude oil and equivalent products

Canadian oil production on the upswingCanada produced 21.8 million cubic metres (137.3 million barrels) of crude oil and equivalent products in May, up 13.5 per cent from the same month a year earlier, according to Statistics Canada. The federal agency said on Monday that non-upgraded production of crude bitumen (+22.8 per cent) was the main driver for the increase of…