Good news, Canada! Construction is set to begin on the $40 billion liquefied natural gas (LNG) project located in northern British Columbia.
This massive project, which represents the largest energy investment in Canada’s history, is expected to bring huge economic benefits to both the province and nation through increased private sector revenues, employment opportunities and government revenues.Read more
A lot of people wonder just how much greenhouse gas (GHG) emissions are created by mid-stream components such as pipelines. In Canada, the Canadian Energy Pipeline Association (CEPA) sheds some light on this topic.
According to the latest data from 2014, you might be amazed at just how little skin Canadian pipelines have in the grand scheme of things.Read more
Supporting Canada's natural resource industries (oil and gas, mining, forestry, etc.) is extremely important not only for our current economic prosperity, but for that of our future as well!
Twitter is one place where Canadians can share their thoughts, feelings and emotions with others on current world events. It's also a great platform to share the facts just for general knowledge AND to counteract the mis-information that has been spread about Canadian industries like the energy sector, for example.
Here's Canada Action's retweets for all of October 2018. We recommend you check them out and give these people a follow on Twitter. The more we can all spread the message on social media, the more informed Canadians will be about just how important natural resources are to our economy!Read more
If you follow the discussion on Canadian energy and the economy, chances are you’ve heard about the record setting price differential between Western Canadian Select (WCS) and the West Texas Intermediate (WTI) benchmark.
This discount on WCS has a profound effect on Canada’s economy; millions of dollars in government and private sector revenues are lost every day. You see, WCS is the main blend of heavy crude that Canada sells to the world. So, without access to other markets than the USA, Canada really has no choice.Read more
In Texas, millions of barrels of new pipeline capacity is under construction to get their oil to market. According to Bloomberg, major Permian Crude Pipelines projects currently underway include:
- Gray Oak – Complete in end of 2019 – 700,000 – +1,000,000 bpd
- EPIC – Complete in 2nd H of 2019 - 440,000 – 675,000 bpd
- Cactus II – Complete btw 3rd Q of 2019 – April 2020 – 585,000 – 670,000 bpd
- Permian-Nederland – Complete in mid-2020 - 600,000 – 1,000,000 bpd
- Permian-Gulf Coast – Complete in mid-2021 – 1,000,000 bpd
These are just some of the pipelines that will help increase shipping capacity to refineries off the Gulf Coast to meet rising global demand for oil.Read more
Did you know that 12 of the 13 provinces and territories in Canada have an active petroleum industry stimulating the economy within their respective boundaries in some way or another?
These companies are using goods and services in many regions throughout the country, making the exploration and production of oil and gas truly a national industry.
Here’s some quick facts on the oil and gas industry across Canada – you might be surprised as to how much the provinces and territories other than Alberta are involved in this precious industry of ours!Read more
As the second largest country in the world, Canada is fortunate to have an incredible diversity and wealth of natural resources which play an important part in its high standard of living and national economy.Read more
As pipeline woes continue in Canada, I decided to look online and see if other nations were dealing with the same problems related to getting pipelines built. What I discovered was a wealth of information discussing the economic benefits of new pipelines in the planning stages or under construction in countries of all continents around the world.
These nations, of which have access to a wealth of raw oil and natural gas, seem to have taken note that global demand for petroleum is rising – and will for many years to come – and that selling their natural resources to meet that demand was a good idea anyhow.
I was surprised to see many of these projects were already underway or projected to be completed soon. I mean, the turmoil that Canada has experienced with getting any pipeline built seems everlasting - and quite frankly is extremely frustrating for many like myself.
Just thought I’d share with you some facts on these five major pipelines under construction around the world while asking a very important question… where are the protestors, like we have in Canada?
I remember growing up in Calgary in the early 90s when happy meals were five bucks and gasoline was just above 40 cents per litre. Back then I was a young child and my parents paid for it all anyways… ah, the good ol’ days when maintaining a job wasn’t even a fathomable thought.
I remember when my pops decided to get a new SUV and trade in his station wagon. The bill at the gas station pump almost doubled. How could my parents even afford this!? It seemed like so much money at the time. Oh, that’s right… my parents were both engineers and had good jobs. Growing up and advancing through the grades I began to learn about different career paths and admired my parents for what they were. They inspired me to follow the same road, so I did!
I also remember when the appeal of becoming an engineer in a province home to the world’s third largest recoverable oil reserves was too good an opportunity to overlook. The job market in the oil and gas industry was booming. Unlike my distant memories of cheap gas, happy meals and inspirational parents, this was during much more recent times.
Luckily for me, I graduated from the University of Calgary and got off to a good start a few years before the economy crashed in 2014 and have been able to maintain my job ever since. Other aspiring engineering students, fresh graduates and even industry professionals I know haven’t been so lucky as of late.Read more
How can you support Canadian energy and the opportunities that mega-projects like the Trans Mountain expansion, Keystone XL pipeline and BC LNG would bring to our nation?
Truth is that we as Canadians needs to stand up for our prosperity! We cannot let loud vocal minorities dominate the conversation with mis-information concerning our energy sector any longer!
Every voice counts in this battle for Canada’s economic future. Here are a few simple ways you can get involved in the conversation and do your part:Read more