Canada "killing ourselves" with oil and gas regulation: This week's best quotes

Here are some of the best quotes from news coverage in the Daily Oil Bulletin for the week ending July 7, 2017:

“Is there an appetite for someone to come in on the [Lindbergh expansion]? I think there’s lots of people that if we put a joint venture sign on this would sort of go whoa, this is one of the best projects in the business, why wouldn’t we stick our toe into the water.

“Our answer would be, we’ve been slaving for the last couple of years to bring our debt down so that we could capitalize this. We see this as the premier asset in our portfolio, and we would be very reluctant to bring a partner in.”

—Pengrowth Energy CEO Derek Evans, discussing the potential to execute a joint venture deal for the 17,500 bbl/d expansion of its high-performing Lindbergh SAGD project.

“I think we are killing ourselves with government. The U.S. is blowing us out of the water. We are making it harder and they are making it easier in terms of regulation.”

—Perpetual Energy CEO Sue Riddell Rose.

“[Methane regulation] is a very difficult file; very technical, emotional. The direction is clear—45 per cent [reduction] by 2025.

“We will be going out to public consultation this fall with the intention of trying to get the regs packaged up so we can move [that] through the provincial government and the federal government in an attempt to get an equivalency on this.”

Jim Ellis, CEO of the Alberta Energy Regulator, commenting on its progress working with stakeholders and the federal government to establish new methane emissions reduction regulations.

"The crystal ball for all of us is cloudy. But we know energy requirements are still going to increase, globally. The fundamentals are there for energy."

Lorenzo Simonelli, who will lead the new “Baker Hughes, a GE company, following the close of GE’s buyout of Baker Hughes, merging it with its own oil and gas equipment and services operations to create the world's second-largest oilfield service provider by revenue.

“There’s some good engineering work and good technology development work going into making [lower capital intensity] a reality during the 2020s.”

Suncor executive vice-president Steve Reynish, talking about oilsands innovations such as solvent-assisted extraction and facilities and well pads with a much smaller footprint.