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The 2015 winter drilling season is over, and it’s been a bad one across the board for western Canadian service companies.
Crude-by-rail has emerged as a critical piece of the energy transportation landscape in North America, enabling meaningful growth in market access despite pipeline projects being stalled in the regulatory process. But the benefits of the opportunity don’t have to end with producers and rail operators: an Alberta government official sees a possible opportunity for market diversification for oilsands manufacturers, too.
In late January, western Canada’s oil and gas industry began to weigh the carnage caused by the collapse of oil prices and an equally troubling decline in gas prices.
Gas well completions in Western Canada during the first quarter of 2015, for both development and exploratory wells, increased to 31.4 per cent of the total number of completions from 18.9 per cent a year ago.
Rail is playing an increasingly larger role in the transport of crude oil for export from Canada, as are pipelines. Crude exports from Canada via rail and pipeline showed gains in the fourth quarter of 2014 when compared to 2013. At the same time, exports by tanker shrank.
The National Energy Board has launched an online interactive Pipeline Incident Map that offers Canadians the opportunity to view all pipeline incidents in Canada since 2008.
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The CANADIAN PETROLEUM ASSOCIATION views with grave concern the potential impact on future oil exploration in Alberta of the government's…
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