Oil and Gas

Deloitte: 2024 oil and gas industry outlook

2023-12-31T18:53:14+00:00December 29th, 2023|Publications, Reports|

The oil and gas (O&G) industry should look to uphold capital discipline and prioritize viable low-carbon projects to help successfully navigate the changing energy demand landscape. Deloitte's 2024 O&G industry outlook explores 5 key trends that will shape strategies and priorities of oil and gas companies. Open Publication

Offshore wind regulations taking shape in Newfoundland and Labrador

2023-12-12T23:27:34+00:00December 12th, 2023|Energy Stories, Featured, News|

On December 6, the Governments of Canada and Newfoundland and Labrador signed a Memorandum of Understanding (MOU) on offshore wind to enable the province to take the regulatory lead on offshore wind projects within its inland bays. This MOU outlines a process by which the province can administer leases and life-cycle regulation, including revenue

Federal Government proposes Oil and Gas Emissions Cap Regulatory Framework

2023-12-13T12:16:02+00:00December 12th, 2023|Energy Stories, Featured|

On December 7, the federal government released the proposed Regulatory Framework for an Oil and Gas Sector Greenhouse Gas Emissions Cap. At the same time, the federal government also released its Roadmap for the Decarbonization of Canada’s Oil and Gas Sector.   The proposed Regulatory Framework will create specific limits on greenhouse gas (GHG) emissions

How can burning oil help us reach net zero?

2023-08-29T20:22:55+00:00July 26th, 2023|Commentaries|

Commentary by Jonathan Alward, Vice President, Policy Given all the interest in climate change and in reducing the use of fossil fuels, especially those generating electricity, it is no surprise many people were shocked to learn about Nova Scotia Power’s plans to transition existing coal-fired electricity generation at the Lingan Generating Station to use

Deloitte: 2023 oil and gas industry outlook

2023-01-19T22:02:03+00:00January 19th, 2023|Publications, Reports|

The oil and gas (O&G) industry earned record profits in 2022, providing ample cash flow to fund their strategies in 2023. And while O&G companies recognize geopolitical and macroeconomic uncertainty in the year ahead, they’ve also been given a clear mandate to secure supply in the short term while transitioning to cleaner energy in

Deloitte: 2023 Energy, oil, and gas price forecast

2023-01-19T20:03:03+00:00January 19th, 2023|Publications, Reports|

Climbing energy costs and uncertainty surrounding inflation will compound complex issues like decarbonization on a global level. Businesses and their supply chains are stretching price elasticity to weather the economic challenges. The rate and pace of the energy transition is adding to tensions. As countries look to expand their power generation through electrification and

Oil and gas price forecast: Hydrogen pathways to net-zero: Charting a new course for industry

2022-11-22T14:43:00+00:00September 1st, 2022|Publications, Reports|

Hydrogen pathways to net-zero The race to net-zero is on. Canada has an opportunity to pull to the front of the pack as global leaders in the hydrogen economy. The Government of Canada estimates Canada’s hydrogen opportunity at $50 billion and 350,000 jobs in addition to reducing emissions by 90 megatonnes or about 25% of

Ambitious climate targets need bold energy innovation

2022-11-23T15:30:00+00:00August 23rd, 2022|Commentaries, Energy Stories, News|

COMMENTARY: Michelle Robichaud, President, Atlantica Centre for Energy It seems we don't hear the word energy without climate change alongside it. In the face of the unmistakable consequences of climate change, society expects actions toward our clean energy future. Canada's goal of reaching net-zero emissions by 2050 is ambitious and important. There are less

The questions we aren’t asking about our clean energy transition

2022-11-21T20:58:11+00:00July 19th, 2022|Commentaries, Energy Stories, News|

COMMENTARY: Stephen MacMackin Reaching net-zero emissions by 2050 is an ambitious but important goal; one supported by businesses and residents across Canada. However, in Atlantic Canada, the path to get there must be more realistic, fair and affordable than it appears today. In June 2022, the Atlantica Centre for Energy released the first discussion paper in

Fuel price increases more shocking than solutions

2022-11-21T21:16:37+00:00March 22nd, 2022|Commentaries, Energy Stories, News|

BY MICHELLE ROBICHAUD COMMENTARY Recent volatility in fuel prices has stunned most Atlantic Canadians and risen as a top concern for provincial governments across our region. While these extreme fluctuations are shocking, regional solutions are less so, though not without their own challenges. Russia’s war on Ukraine and corresponding import bans on Russian oil and

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