The province of British Columbia announced that it would appeal a court ruling against proposed legislation that could negatively affect the Trans Mountain Expansion Project.
Government of Alberta
|Address||PO Box 1333, Edmonton, AB, T5J 2N2, CA|
|Phone||310-0000 or 1-780-427-2711 outside Alberta|
Calgary-based Value Creation Inc. (VCI) and its wholly owned subsidiary Value Chain Solutions Inc. are on track to invest $2 billion in an upgrading facility in the Alberta Industrial Heartland, just east of Edmonton, which will create more than 2,000 construction jobs and another 200 full-time positions once the facility is up and running.
Suncor released its 2019 corporate guidance which includes a capital program of between $4.9 and $5.6 billion and average upstream production of 780,000 to 820,000 barrels of oil equivalent per day (boe/d). The midpoints of these ranges represent a flat capital spend compared to 2018 and a year over year production increase of approximately 10%, including estimated mandatory production curtailments, from approximately 730,000 boe/d in 2018.
As part of a made-in-Alberta strategy to get more value for Alberta's energy resources, Premier Rachel Notley announced the government is issuing a Request for Expression of Interest to determine business cases for investing in a new refinery in Alberta or tied to Alberta production.
Alberta is creating a Liquefied Natural Gas (LNG) Investment Team to work directly with industry on reducing barriers for securing final investment decisions on export projects that will increase the value of Alberta's natural gas resources.
Alberta Premier Rachel Notley has announced a temporary slowdown in oil production in the province to try and combat low prices for Albertan oil driven by a lack of shipping capacity to U.S. refiners. That gap is costing the country more than $80 million daily, according to the Alberta government, which blames the troubles largely on the federal government's inability to move pipeline construction forward.
The government of Alberta has received the first round of consensus advice from its Oil Sands Advisory Group (OSAG). The group is composed of leaders from the oil sands industry, environmental groups, and affected communities. Its first task was to advise the province on growing oil sands production in compliance with its legislated 100 megatonne cap on annual emissions.
The province of Alberta has approved 129 new wells since July 12, when companies were allowed to apply for early access to the new provincial royalty framework, and more applications are coming in.
Alberta's provincial government has taken a step forward in its Climate Leadership Plan by introducing legislation that will limit oil sands greenhouse gas emissions to an annual maximum of 100 megatonnes.
An expert committee assigned to help diversify Alberta’s energy sector will explore opportunities to create jobs and stimulate investment by adding value to the province’s energy resources.“We can’t live in the past. We need to build an economy of the future. That’s why I’m excited to have a diverse and talented group on board to provide their insights and expertise on how we can make better use of our wealth of energy resources," said Alberta Minister of Energy Margaret McCuaig-Boyd. "No other place in the world has the incredible range of energy resources that Alberta has, and we need to take a good look at how we can better use it all to create more jobs and investment for Albertans.”