Keyword
oil and gas
Abandoned oil and gas wells will be cleaned up despite backlog: Alberta regulator
May 31, 2021 Bob Weber - THE CANADIAN PRESSEDMONTON – There’s lots of life in Alberta’s conventional oil industry and plenty of resources and political will to clean up the mess it leaves behind, says the head of the province’s energy regulator. “Will there be halcyon-days growth in…
Fracking likely to create stronger, more common earthquakes in B.C., study says
May 26, 2021 Bob Weber - THE CANADIAN PRESSMore damaging earthquakes can be expected more often in northern British Columbia as fracking oil and gas wells increases pressure underground, says newly published research. “It makes earthquakes more common and it makes larger ones more common,” said Allan Chapman,…
Study finds abandoned oil and gas wells place unfair burden on landowners, taxpayers
May 20, 2021 The Canadian PressCALGARY – The costs of Alberta’s growing stock of abandoned and inactive oil and gas wells are falling unfairly on landowners and taxpayers, says a report from the University of Calgary. “Landowners have been left behind,” said Braeden Larson of…
Study says easing rules on transfer of unreclaimed oil wells could speed cleanup
April 26, 2021 The Canadian PressCALGARY – A report says Alberta should lower regulatory barriers that discourage businesses from reusing abandoned oil and gas wells. The Canada West Foundation and Energy Futures Lab say that could include allowing companies to sell off defunct energy infrastructure…
Next round of funding available to clean up inactive Alberta oil and gas sites
February 16, 2021 The Canadian PressEDMONTON – Alberta and the federal government say another $400 million in funding is available to help clean up inactive oil and gas sites in the province. The money includes $100 million for clean up in Indigenous communities. The rest…
The growing cost to clean up abandoned and orphaned wells
October 16, 2020 The Canadian PressThis article was originally published on The Conversation, an independent and nonprofit source of news, analysis and commentary from academic experts. Disclosure information is available on the original site. Author: Kevin Kemball, Director – Centre for Boreal Research, Northern Alberta…
Why depressed oil price matters to brokers
February 25, 2020 by Greg MeckbachWith oil prices down nearly 30% over 16 months and bankruptcies on the rise, now might be a good time for brokers to check their oil and gas clients’ insurance policies – especially their directors’ and officers’ (D&O) coverage. Among…
Claims costs in oil and gas industry increasing despite downturn: forum speaker
November 2, 2017 Jason Contant, Online EditorDespite the downturn in the oil and gas industry, claims costs are increasing, a speaker said on Thursday at the Canadian Risk and Insurance Education Forum. “I would suggest that in the upstream oil and gas industry – where most…
EY polls Canadian oil & gas refinery operators on equipment failure
August 28, 2017 by Canadian UnderwriterSome operators of Canadian oil and gas upgraders and refiners are delaying scheduled maintenance due to budget cuts and there is a heightened risk of equipment failure, especially with valves and pumps, Ernst & Young LLP suggested in a recent…
Alberta advisory group recommends penalties for heavy oilsands emitters if cap hit
June 19, 2017 Ian Bickis - THE CANADIAN PRESSCALGARY – Oilsands producers could face steep fines and suspended projects if industry comes close to hitting a mandated 100-megatonne limit under recommendations proposed by Alberta’s Oil Sands Advisory Group. But the non-binding report sets out a series of policies…
Auditor calls for better pipeline regulations, monitoring in Saskatchewan
June 7, 2017 Jennifer Graham - THE CANADIAN PRESSREGINA – Saskatchewan’s provincial auditor says the government isn’t doing enough to effectively regulate oil and gas pipelines. Judy Ferguson says in her annual report that as of the end of March, the Ministry of the Economy did not have…
Alberta to conduct review of liabilities associated with old oil and gas facilities
May 12, 2017 by Canadian UnderwriterAlberta Energy has announced that it is conducting a review of old oil and gas wells and facilities and their associated liabilities. The province is working with industry and experts to find ways to better protect Albertans and the environment…