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Market Outlooks

Amid high fossil fuel prices, renewable power saves around $55 bln, says IRENA

IRENA believes that renewables are crucial to breaking away from volatile fossil fuel prices and tackling energy security & climate change.

about 4 years ago

Significant drop in recoverable oil resources could deal major blow to global energy security, Rystad forecasts

Market Outlooks

Drop in recoverable oil resources could deal major blow to energy security, Rystad says

The drop in the total recoverable oil worldwide from last year’s figures represents another threat to global energy security, explains Rystad.

about 4 years ago

Faster ramp-up of investments in clean sources needed to tackle double whammy of energy and climate crises

Market Outlooks

Faster ramp-up of investments needed to tackle double whammy of energy and climate crises

While investments are expected to reach $2.4 trillion this year, this is not enough to come to grips with the energy and climate crises.

about 4 years ago

Market Outlooks

Oil & gas firms’ profits set to smash records reaching $834 billion in 2022, Rystad says

Rystad Energy expects public E&P companies to break prior records as profits are set to reach a 70 per cent increase in 2022.

about 4 years ago

clean hydrogen Nova Scotia to become Canada's clean hydrogen production leader

Market Outlooks

Canada in push to position Nova Scotia as clean hydrogen hub

The governments of Canada and Nova Scotia have moved to position Nova Scotia as “a world leader in offshore wind and clean hydrogen production.”

about 4 years ago

The Bay du Nord FPSO development concept - Equinor - Canada

Market Outlooks

Canada caught between a rock and a hard place as decision on giant new oil project draws near

The Canadian government has found itself between a rock and a hard place when it comes to new oil and gas projects with pressures of climate change and the urgent need to transition to clean energy sources on one side and growing concerns over energy security on the other.

about 4 years ago

Market Outlooks

Canada eyeing green shipping corridor in the Great Lakes

Members of Canada’s Chamber of Marine Commerce (CMC) are looking to explore the potential for a multi-stakeholder initiative to establish a new Canadian Green Shipping Corridor in the Great Lakes – St. Lawrence waterway.

about 4 years ago

Market Outlooks

MOL closes acquisition of Waterfront stake

Japanese shipping major Mitsui O.S.K. Lines (MOL) has concluded the acquisition of a 40 percent stake in Waterfront Shipping WFS), a subsidiary of Canadian methanol producer and supplier Methanex Corporation.

about 4 years ago

Rystad Energy forecasts offshore oil production will increase demand for shuttle tankers

Market Outlooks

Driven by robust offshore oil production, demand for shuttle tankers set to rise, Rystad says

Rystad’s analysis shows offshore oil needs more shuttle tankers as volumes requiring transport set to rise by 35 per cent in this decade.

about 4 years ago

Carbon capture & sequestration market to reach $7 billion by 2028 bolstered by increased investments in carbon removal, Fortune Business Insight says

Market Outlooks

CCS market to reach $7 bln by 2028 bolstered by increased investments, Fortune Business Insight says

Fortune Business Insights expects the CCS market to grow to $7 bln by 2028 aided by rising investments in the energy transition initiatives.

about 4 years ago

Market Outlooks

World’s recoverable oil resources take a hit, Rystad says

The world’s remaining recoverable oil resources are now seen as 9% slimmer but the commercial volumes can keep global warming below 1.8˚C.

about 5 years ago

Market Outlooks

Suncor vows to cut emissions by third and become net-zero firm

Canadian energy company Suncor has announced its intentions to cut emissions by a third and become a net-zero company as investors and courts start putting pressure on oil companies.

about 5 years ago

Transocean Barents exploration drilling rig

Market Outlooks

Deep dive into oil and gas exploration – then, now, and ahead

What will become of oil and gas exploration efforts in the near- and longer-term following a drastic decrease in the level of oil and gas investments?

11 minutes read

Market Outlooks

Report: B.C. in the Canadian LNG industry limelight

British Columbia’s liquefied natural gas (LNG) industry could be the stimulus the Canadian economy will need post-COVID-19.

about 6 years ago