Making Sense of Energy

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Energy Market Update December 2016

Alberta  A total of 630 abandoned oil wells have been counted as part of the newest fiscal year update by the Orphan Well Association (OWA) group in Alberta. Abandoned wells indicate bankruptcy on the part of the oil producer and failure to make payments to the landowners […]

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Energy Market Update November 2016

Alberta  Starting on June 1, 2017, the Alberta NDP government will cap the consumer power rates at 6.8 cents per kilowatt hour in the first step to moving away from the current deregulated market. The cap rate is based on a 5 year forecast conducted by private […]

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Energy Market Update October 2016

Alberta  Kent Howie, a Calgary Lawyer and specialist in the energy industry believes the NDP’s goal to phase out coal generation will not be as costly as everyone expects. Taking the lead from places such as California, Germany, and Ontario, Alberta can learn from their mistakes and […]

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Energy Market Update September 2016

 Alberta Three new oilsands projects were approved on September 15th which could produce up to 95,000 barrels per day and 2.5 megatonnes of emissions per year. Due to the low price of oil there is no current plan to begin building any of the projects. Alberta Energy […]

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Energy Market Update August 2016

 Alberta The Alberta Energy Regulator (AER) will release information on the performance of Alberta pipeline operators by early 2017 with plans to release similar information in future years on oil and gas wells and coal operations. Jim Ellis, AER chief executive, states that releasing this information will […]

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Energy Market Update July 2016

 Alberta The Alberta Energy Regulator (AER) is imploring for pipeline operators to put into place better and more secure pipeline leak detection. In the past three years there have been reports of approximately 23 spills in the province.  In investigating these spills, the AER discovered that in […]

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Energy Market Update: June 2016

 Alberta In mid-June, the Alberta Energy Regulator (AER) introduced a new regulation, part of which governs companies looking to buy and sell assets, stating that they will have to meet a new and higher threshold for proving their financial capabilities for cleaning up old wells. The new […]

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Energy Market Update: May 2016

 Alberta In the past few months Alberta has seen the highest use of wind energy, with a record 22 per cent of the provinces power generation coming from wind power on April 9, at 1 a.m. Additionally, on May 8, 2016 at 8 a.m. Alberta saw the […]

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Iceland Carbon Dioxide Storage Project

Iceland Carbon Dioxide Storage Project Locks Away Gas, and Fast As the concern for climate change increases, so have discussions on carbon capture and sequestration. An example would be removing carbon dioxide from a coal-burning power plant’s smokestack and transporting it deep underground so it wouldn’t be […]

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Energy Market Update – April 2016

 Alberta A new energy conservation program is being introduced costing the province $645 million over five years. The province hopes to recover $2 billion back in energy savings and eliminating emissions. There are no details yet as to how the program will run as Environment Minister Shannon […]

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