We’ve reached the last week in 2018 of daily oil and gas news publishing on jwnenergy.com.
To say it has been a challenging year would be a gross understatement. It’s broadly recognized at this point that Canadian oil and gas is in nothing short of crisis. The lack of sufficient market access and increasing burden of regulatory uncertainty are blowing strong headwinds as the industry enters 2019.
But it wasn’t all doom and gloom over the last year. Here’s a look back at what resonated most with our readers.
This letter, written by Fort St. John mayor Lori Ackerman to the citizens of British Columbia, stressed the need for people to learn the facts about Canada’s oil and gas industry not just from social media dialogue.
“I don’t want to try to convince you of anything but I would like to share with you what I know to be true,” Ackerman wrote, offering statistics about energy use, supply and demand, pipeline safety, GHGs and Indigenous participation in resource projects.
Published in December 2017, this is JWN’s selection of major projects that would be underway to produce, transport or add value to Canadian oil and gas in the New Year.
In January, analysts with Peters & Co. outlined seven Canadian oil and gas plays that compete with resource development opportunities in the United States.
Alberta Senator Doug Black introduced a bill that would use a section of the Constitution Act to declare the Trans Mountain Pipeline Expansion “for the general advantage of Canada.”
This would effectively expropriate the pipeline corridor, allowing the federal government to ignore provincial and municipal laws.
In February, Ensign Energy Services announced it had drilled Canada's longest land-based well to-date, with a measured depth of 7,770 metres. The well was drilled for Shell Canada near Fox Creek, Alberta. Despite its record depth, Ensign reported that the time from spud to rig-release was less than fourteen days.
Encana founder Gwyn Morgan criticized the Federal Court of Appeal’s decision overturning approval of the Trans Mountain Pipeline Expansion in October, asking “How many accommodations can possibly be made for a pipeline following a route along roughly the same right of way as an operating one? And how do you ‘accommodate’ those whose avowed purpose is simply to stop the project?”
Kinder Morgan Canada announced in late 2016 that 51 Aboriginal communities signed mutual benefit agreements with the Trans Mountain Pipeline expansion project.
This included all of the First Nations whose reserves the pipeline would cross and about 80 percent of communities within proximity to the pipeline right-of-way.
Intermediate oilsands producer MEG Energy was among a handful of bright lights in oilsands investment in 2018, in May announcing it would proceed with a 13,000 bbl/d expansion of its successful Christina Lake in situ project.
Before the Federal Court of Appeal overturned approval for the Trans Mountain Pipeline expansion in September, seven contractors were announced to lead construction of the $7.4-billion project.
In November, Calgary-based Total Energy Services announced it was shutting field locations for the first time in its 22-year history. The company blamed "continued weakness in drilling and completion activity combined with higher labour, fuel and utility costs arising from regulatory changes in Alberta."