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Cowboys versus cartels

Read more...Will Canadian producers survive the Great Shake-out?

OPEC members all see the giant problem. The cartel's March Monthly Oil Market Report has a terrifying graph that shows their crude production stuck for years at 30 million barrels per day while world supply surges. In the 1970s, the group accounted for 60 per cent of global production; today, that measure is less than 40 percent. And its share of the overall market is shrinking. With world oil demand flat at the moment, somebody somewhere is going to have to curb production. For OPEC, that somebody is, of course, the North American unconventional liquids producer.

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Mobile oil

Read more...By trains, pipes or even boats, Canadian crude will get to market

Almost three years ago, Martin Tallett, a Massachusetts-based logistics expert who had been retained by the U.S. Department of State to look at alternatives to Keystone XL for moving Canadian and U.S. crude to key refining pods, told the Daily Oil Bulletin (DOB) there were enough alternatives to move Canadian crude to U.S. and Asian markets even if Keystone XL and the Northern Gateway pipelines didn't proceed.

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Rising Stars 2015

Read more...Future industry leaders will be called upon to restore the lure of the patch

Over the 70-year history of western Canada’s boom-bust-boom-bust oil and gas industry, the booms have attracted workers and future leaders and the busts have chewed them up, spat them out and gradually eroded the allure of working in what is, arguably, one of the most dynamic and compelling sectors of the global economy.

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Survival on display

Read more...Canada's junior oil and gas sector is again the centrepiece of the EPAC Awards, proving rumours of its imminent demise are vastly exaggerated

A year ago, the goal of Gary Leach, president of the Explorers and Producers Association of Canada, in launching the EPAC Awards was to recognize the bread and butter of the Canadian oil and gas industry—the largely entrepreneurial junior and intermediate sector.

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Many eggs, one basket

Read more...Since Leduc No. 1, Alberta has tried—and largely failed—to diversify its economy. Does the province really need to develop a different economic model?

If Alberta's business community has a primal fear, then it's the prospect of an early death for the oil industry. Albertans have always felt self-conscious, if not a little guilty, about their vast resource wealth, in particular the oilsands. Hydrocarbon and non-hydrocarbon related downstream value-adding industries are considered under-developed, so what happens when one day the non-renewables run out, or get run out?

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Patient money

Read more...M&A activity could set new highs in 2015 on the back of distress sales

After a reasonably robust year of oil and gas deals in Canada, sub-$50 oil fell like a blanket of snow on the mergers and acquisitions (M&A) landscape, temporarily burying the hope that companies will agree on the value of any assets they wanted to sell. Private equity blew into town on the icy wind and took its place alongside cash-rich producers waiting to see what opportunities low commodity prices and expiring hedges would bring their way.

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Within reach

Read more...Public equity capital for Canadian producers has all but disappeared, but private cash is available for the right team

With oil prices down by 50 per cent from last summer and natural gas prices still weak, a large number of publicly listed Canadian junior and intermediate oil and gas producers have seen their share prices halved or more, and some are now little more than penny stocks. Still, there's a surprising sense of something close to optimism among analysts and financial experts who follow the sector.

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Rising Stars Bonus special edition

Rising Stars special edition coming soon

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Oilweek - 2015 Rising Stars

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Alberta Oil and Gas Industry Quarterly Update

 

Alberta Oil & Gas Industry Quarterly Report Spring 2015

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