Indigenous communities have the innovation and drive to build a cleaner more resilient energy sector. That is why Canada is investing to increase Indigenous economic participation in energy infrastructure projects.
CNGVA applauds government's support for Natural Gas vehicle deployment with new funding commitments for infrastructure and innovation
The 2016 federal budget, announced March 22, outlines an ambitious agenda aimed at transforming Canada's economy. Focused on delivering key commitments from the fall election, the Canadian Natural Gas Vehicle Alliance (CNGVA) is pleased to see there are a number of opportunities for Canada's natural gas vehicle sector.
"Canada's medium and heavy duty vehicle sector will continue to move toward low cost transportation and emissions reductions with the government's $62.5 million pledge to fund electric and alternative fuel infrastructure along with various other infrastructure commitments in Budget 2016" – said CNGVA Executive Director, Bruce Winchester.
$11.9 billion over five years, starting immediately. Budget 2016 puts this plan into action with $3.4 billion over three years to upgrade and improve public transit systems across Canada. In this envelope are opportunities for supporting the deployment of natural gas powered transit buses along with municipal natural gas fueling infrastructure.
In supporting municipalities' front-line efforts, the Government has announced $75 million in new funding for local governments to address climate change to be delivered by the Federation of Canadian Municipalities. This investment will support municipality-led projects to identify and implement greenhouse gas reduction opportunities.
The budget promises $1 billion over four years to support clean technology, including in the forestry, fisheries, mining, energy and agriculture sectors to be delivered as part of a forthcoming innovation agenda. Budget 2016 proposes to provide over $130 million over five years, starting in 2016-17, to support clean technology research, development and demonstration activities:
- $50 million over four years, starting in 2017–18, to Sustainable Development Technology Canada (SDTC) for the SD Tech Fund.
- $82.5 million over two years, starting in 2016–17, to Natural Resources Canada (NRCan) to support research, development and demonstration of clean energy technologies. These resources will accelerate the innovation required to bring clean energy technologies closer to commercialization, reducing the environmental impacts of energy production and creating clean jobs.
Support for alternative fuels and clean transportation
Budget 2016 proposes to provide $56.9 million over two years, starting in 2016-17, to Transport Canada and Environment and Climate Change Canada to support the transition to a cleaner transportation sector, including through the development of regulations and standards for clean transportation technology. Funding will also support Canada's continued participation in the development of international emissions standards for emissions from the international aviation, marine and rail sectors, including through the International Maritime Organization and the International Civil Aviation Organization.
The Canadian Natural Gas Vehicle Alliance advocates on behalf of Canada's natural gas vehicle industry. Natural gas vehicle technologies provide proven, commercially available transportation solutions that reduce emissions while using lower cost fuel. Our members are leading Canadian companies involved in research, manufacturing, fuel and infrastructure supply, vehicle conversion technology and installation, consulting, and international project management. Our mission is to promote the sustainable growth of natural gas vehicles, refueling infrastructure, and renewable gaseous fuels for the benefit of Canada's economy and environment.
The Budget has identified the need to support ferry operations and will support environmental performance through fleet renewal. To support ferry operators' plans to renew their aging fleet, Budget 2016 proposes to waive the 25 per cent tariff on ferry imports after October 1, 2015. This will provide an estimated $118 million in savings over six years.
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Certarus Ltd. enters into CNG supply agreement with Kirkland Lake Gold for its Canadian mining operations
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FLO Components Ltd. is representing Macnaught in Ontario and Manitoba. Macnaught has been a manufacturer of grease, oil and fuel equipment, hose reels and positive displacement flow meters for the agricultural, automotive, industrial, mining and transport industries across the globe, since 1948.
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Baker Hughes announced that the Baker Hughes Rig Count for the U.S. is down 8 rigs from last week to 934, with oil rigs down 6 to 764, gas rigs down 2 to 169, and miscellaneous rigs unchanged at 1. This is the tenth straight week that the American rig count has declined,
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In its second quarter financial results, AltaGas Canada Inc. announced that the business is maintaining a strong position and will continue to move forward with growth programs in the near future.
KROHNE, Inc. announces PipePatrol, a comprehensive suite of software modules for long or short distance single and multiproduct pipelines for oil, gas, water, chemical or refined products offers monitoring and protection of pipelines in all operating conditions.
Baker Hughes, a GE company announced that the Baker Hughes international rig count for July 2019 was 1,162, up 24 from the 1,138 counted in June 2019, and up 165 from the 997 counted in July 2018. The international offshore rig count for July 2019 was 255, up 9 from the 246 counted in June 2019, and up 38 from the 217 counted in July 2018.
Superior Industries, Inc., the U.S. based manufacturer and global supplier of bulk material processing and handling systems, has announced a new partnership with Canada's largest distributor of conveyor belting, components and other bulk material handling solutions. Belterra, a 50-year-old distributor with 19 locations throughout the country, will stock, sell and service Superior's conveyor idlers, pulleys, scrapers and accessories in Quebec.
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Abrado Wellbore Services, the specialist global, expandable section milling plug and abandonment service technology company, has secured a multi-million dollar contract from Chevron's Environmental Management Company to support the plug and abandonment (P&A) of more than 30 wells offshore California.
Baker Hughes announced that the Baker Hughes Rig Count for the U.S. is down 4 rigs from last week to 942, with oil rigs down 6 to 770, gas rigs up 2 to 171, and miscellaneous rigs unchanged at 1.
TC PipeLines, LP reported net income attributable to controlling interests of $55 million and distributable cash flow of $70 million for the three months ended June 30, 2019.
Iris Automation, Skyfront and Echodyne power first ever beyond-visual-line-of-sight drone flight without human visual observers
The University of Alaska's Unmanned Aircraft Systems Integration Pilot Program (UASIPP) has conducted the first ever beyond-visual-line-of-sight (BVLOS) drone operation without visual observers, an industry milestone powered by Iris Automation's on-board, and Echodyne's ground-based, detect-and-avoid systems integrated onto a Skyfront Perimeter UAV.
MEG Energy announces record $195 million free cash flow, $285 million debt repayment and new 5-Year credit facility
MEG Energy Corp. has reported its second quarter 2019 operational and financial results. The company reported a record free cash flow of $195 million for the quarter, a solid production level and good movement towards its yearly targets.
Canadian Natural has announced its second quarter results for 2019, with the company stating its diverse, balanced asset base plus flexible capital allocation helped an adjusted funds flow of approximately $2.7 billion.
Mammoet has announced its intentions to acquire ALE. Both companies are specialists in engineered heavy lifting and transport for sectors such as the petrochemical industry, renewable energy, power generation, civil construction and the offshore industry.
The Petroleum Services Association of Canada (PSAC), in its third update to its 2019 Canadian Drilling Activity Forecast, announced that it is decreasing its forecasted number of wells to be drilled (rig released) across Canada for 2019 from 5,300 (May 2019 revision) to 5,100 wells drilled. PSAC based its updated 2019 Forecast on average natural gas prices of $1.60 CDN/Mcf (AECO), crude oil prices of US$57.00/barrel (WTI) and the Canada-US exchange rate averaging $0.76.
Encana Corporation has announced its second quarter 2019 financial and operating results, reporting solid production increases and continued movement in repurchasing of its common shares, among other highlights.
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Cenovus Energy Inc. reduced net debt to $7.1 billion in the second quarter after generating over $830 million in free funds flow. The company's excellent financial performance was driven by higher realized oil prices, which contributed to oil sands operating margin of more than $1.0 billion.
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Suncor has reported strong performance during the second quarter of 2019, despite the ongoing impact of production curtailments in Alberta.
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Messer highlights new "Huff 'N Puff" treatment to recharge well stimulation at the Unconventional Resources Technology Conference 2019
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The ability of Canada's energy sector to attract investment has been weakened by several government policies in recent years, all the while investment in the United States has soared, finds a new collection of essays released today by the Fraser Institute, a Canadian policy think-tank.
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Encana Corporation wholly owned subsidiary Newfield Exploration Mid-Continent Inc. has signed an agreement to sell its natural gas assets in Oklahoma's Arkoma Basin to an undisclosed buyer. Total cash consideration to Encana under the transaction is $165 million. The agreement is subject to ordinary closing conditions, regulatory approvals and other adjustments and is expected to close in the third quarter of 2019.
Campaigns that attack Alberta's energy interests will be investigated through a public inquiry launched by the provincial government.