Chill in the air for Canadian drillers
Labour day heralded the unofficial start of the Canadian drilling season. This year it’s beginning amid uncertainty
There's no shortage of causes for concern as producers grapple with the double uncertainty of oil and natural gas prices. Add in continued political and regulatory uncertainty over US relations, cancelled liquefied natural gas projects on the west coast and the Trans Mountain pipeline delay, and it all makes for a depressing scenario heading into the usually frenetic season. Unlike the US, drilling in Canada is overwhelmingly tied to the fall and winter months when the ground freezes hard enough to support trucks and equipment. In fact, many of the country's unconventional basins, such as the prolific Montney fields of northeastern British Columbia, are winter-access only due to lack of pave
Also in this section
11 September 2024
But the young nation may have to go through a fallow period before that project comes online as the Bayu-Undan field nears exhaustion
10 September 2024
The August/September issue of Petroleum Economist is out now!
10 September 2024
The third part in the second chapter of our history of oil looks at the US shale revolution and ‘declaration of cooperation’ that created OPEC+
9 September 2024
We pick up the story of the history of oil with the response of consumer countries to the 1973 embargo, with the creation of the IEA proving the adage that every action has a reaction