Canada leads world with pledge to curb methane leaks from oil and gas sector
October 15, 2021 Mia Rabson - THE CANADIAN PRESSOTTAWA – Canada is nearly doubling its target to cut methane emissions from the oil and gas sector as it prepares to sign a new global pledge at next month’s climate talks in Scotland. The colourless and odourless gas amounts…
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…
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…