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Showing posts from March, 2015

Message to the Oil Price Doomsayers: Chill Out

By: Cody Battershill

Article featured in the 2015 Spring Edition of CAGC's quarterly magazine, The Source. 

As the price of oil declines, prediction of doom-and-gloom pervade the media. Here's me message to the catastrophe-is-coming crowd: Chill out!

No doubt, the declining price of oil is having and economic impact on the oil sands and given the importance of the oil sands to the country as a whole, declining oil prices mean Canada's economy will be challenged too. 

But there's no reason for panic.

Commodity prices are cyclical and Canada's oil sands industry has always been focused on the long-term. Over the long-term, there's no doubt the industry will continue to grow and strengthen and the sector will remain of vital importance to the nation's future prosperity. 

Despite lower oil prices, the Canadian Association of Petroleum Producers indicates 2015 capital investment in the oil sands is forecast to be $25 billion, down from last year, but a sizeable invest…

Are the Environmentalists Winning?

May Recorder Article

By: Mike Doyle, CAGC


Mike Doyle is the President of the CAGC – the Canadian Association of Geophysical Contractors - representing the business interests of the seismic industry within Canada. The CAGC website may be found at www.cagc.ca.
Certainly a tough go of it out there. We are down to five (5) land seismic companies left in Canada. That was down from ten (10) a year ago and fifteen (15) or so a few years before that. Certainly crew counts are reflective of that this winter. So fingers crossed that things start to recover in Q3 of this year and we see a healthier seismic industry with fewer companies left.
Maybe Obama and the environmentalists are winning, but really it is the strong market forces – supply and demand dynamics – more than anything. Pat Roche writes in the March 20, 2015 Daily Oil Bulletin – the following excerpts are from the article titled U.S. Isolationism Creates More Fragmented Commercial World, Conference Told:
Speaker - Ian Bremmer, founder an…

Don't Fear Fracking

By: Brad Herald, Vice-President, CAPP

The following Op-Ed was published in the March 4th edition of Yukon News

Following the completion of a legislative report on hydraulic fracturing, the Yukon government is in a better position to assess the potential of its natural gas resources. This opportunity should be explored further to determine if it can help meet increasing energy demand, in Canada and beyond. 

In jurisdictions where hydraulic fracturing is a long-standing practice, such as British Columbia, Alberta and Saskatchewan, experience demonstrates the process is done safely and responsibly, a result of robust regulations and industry best practices. More than 215,000 wells have been hydraulically fractured in Alberta, B.C., and Saskatchewan over the past 60 years. This experience also demonstrates the significant economic and social benefits linked to development, including job creation, royalty and tax payments, and other contributions to communities. 

While it is unknown at present…

COR - In The Downturn - How Enform Can Help

Originally published March 4th by Enform Retrieved from http://blog.enform.ca/blog/safety-in-todays-oil-climate-3-ways-enform-can-help/  The drop in oil prices has affected all of us, and if you’ve been forced to temporarily cut back on your operations as a result, you’re in good company. We know this can make it difficult if you need to complete your COR certification or maintenance audit, but we have some options to help you through the process: 1. If you have a dramatically reduced number of worksites: As long as you have at least one active field site you can base your sampling requirements on your best estimate of your high or medium activity levels for the current year. Requirements include: The resulting audit must be representative of your overall operations for the audit year.If you acquire new operations and undergo major business expansions, a new external audit may be required. It’s important not to deliberately schedule your audits at times when your activity levels are lo…