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Record drop in Canadian energy sector spending

Spending in Canada’s oil and natural gas sector has fallen by a record C$50bn (US$38bn) over the past two years, according to an industry group representing oil and gas producers operating in the country.

Source:  FT, 2016/04/07

By |April 12th, 2016|Categories: News|Tags: , , , |

Did you say crisis was looming in oil producing countries?

The oil shock is not only an energy issue… We already discussed in these columns the impact the collapse of energy prices could have on the banking system in the United States (See here for And what about banks?). We were precisely pointing out that the direct exposure of banks in America was rather limited […]

By |April 7th, 2016|Categories: Analyst's Insight|Tags: , , , |

Fitch: Wider Deficits Reduce Canada Public Finances Resilience

The wider deficits projected in Canada’s 2016-2017 federal budget do not imply dramatic deterioration in the sovereign’s debt trajectory, but will reduce public finances’ resilience to potential economic shocks, Fitch Ratings says.

Source:  Reuters, 2016/03/24

By |March 29th, 2016|Categories: News|Tags: , , |

Monthly scoreboard, France and Canada on a slippery slope?

Last month, our monthly scoreboard took a closer look at North African countries and pointed out that our opinion on Algeria (EE-, with negative short-term and long-term outlooks) was likely to be downgraded in the coming months, due to the fiscal and economic burden of low oil price in the country. Governance is the pivotal […]

By |March 14th, 2016|Categories: Analyst's Insight|Tags: , , , , , |

Pipeline strains set to cloud Canada climate change talks

Trudeau is under pressure both from environmentalists who want to curb oil sands production and western energy-producing provinces which say he needs to push through the construction of pipelines to take the crude to coastal ports.

Source:  Reuters, 2016/03/03

By |March 8th, 2016|Categories: News|Tags: , , , , |

Canada – IEA recommends more government funding for energy sector

Canada’s energy industry needs more research and development funding from government, according to a new report by the International Energy Agency (IEA).Financial resources are “under pressure” and that’s why the IEA suggests a federal energy research and development strategy could help coordinate the work being done by industry and provincial governments. Such a strategy would focus on […]

By |March 1st, 2016|Categories: News|Tags: , |

LNG and gas infrastructure in Canada

Location and status of planned LNG terminals and NEB approval in Canada

This map is without prejudice to the status of or sovereignty over any territory, to the delimitation of international frontiers and boundaries and to the name of any territory, city or area.
Source: Government of Canada (2014) in. IEA. Energy Policies of IEA Countries. 2015 […]

By |March 1st, 2016|Categories: Map|Tags: , , |

Canada’s Liquefied Natural Gas Exports: Challenges and Opportunities

Since 2005, CanadaÍs proven natural gas reserves have increased 25% to 75 Tcf. Canada has a very slow growing population rate, which will slow economic growth and incremental energy needs. So, even though natural gas is about 30% of CanadaÍs total energy supply, the countryÍs gas export capacity will expand in the years ahead. Perhaps […]

By |February 16th, 2016|Categories: News|Tags: , , |

The war is not over…

The remaining months of the Obama administration are going to be tough. And interestingly for us, they might well be dominated by climate change and energy issues. A few months ago, we conjured up the possibility that the killing of the Keystone XL project could, on top of environmental concerns, also be considered as a […]

By |February 15th, 2016|Categories: Analyst's Insight|Tags: , , , , |

Canada to consider climate change in future pipeline approvals

Canadian officials will consider the impact of fossil fuels on climate change for all future approvals of pipelines and natural gas export terminals. The move by Canada’s new liberal government, led by Prime Minister Justin Trudeau, could delay projects and further erode relations between oil-country provinces and coastal ones, Reuters reported. Trudeau outlined the plan […]

By |February 2nd, 2016|Categories: News|Tags: , , , |