U.S. imports of Canadian heavy crude oil continues to grow

U.S. is by far the world’s largest refining market for heavy oil, processing more than half of all that type of crude globally in 2018

U.S. imports of Canadian heavy crude oil continues to growA new report released on Tuesday by IHS Markit says imports of Canadian heavy crude are an increasingly important source of supply to the United States, the world’s largest refining market for such crudes. The report, Looking North: A U.S. Perspective on Canadian Heavy Oil, said U.S. imports of Canadian heavy crudes will approach 2.8…

Capital expenditures in Canadian oil patch plunge 58% from 2014

ATB report blames the decline on the completion of major projects and the dramatic oil price differential

Capital expenditures in Canadian oil patch plunge 58% from 2014The news from the oil patch continues to raise concerns across Alberta and Canada. The latest is the revelation that capital expenditure in the oil patch, a driving force of the national and provincial economies, is falling again. ATB Financial’s Economics & Research Team on Thursday released data from Statistics Canada indicating that there were “whispers…

We can’t ignore the roots of some rural crime

Trotting out historical excuses for criminal actions will only leave rural residents to continue to be terrorized by gangsters

We can’t ignore the roots of some rural crimeRural crime near troubled reserves on the Prairies must be acknowledged if there’s any hope of remedying the situation. Doug Cuthand, an Indigenous Saskatchewan columnist, believes the phrase ‘rural crime‘ is code for crimes committed by Indigenous thugs. But in Saskatchewan, for example, an Indigenous man is 33 times as likely to be convicted of…

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…

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…

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…