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Westwood Insight – Will onshore pipeline demand take off with rocketing oil prices and new energies?

Onshore pipeline installations have dropped dramatically in recent years, with the industry badly impacted by public opposition, political decisions and depressed oil and gas (O&G) prices. As a result, Westwoodโ€™s outlook appeared relatively flat in the last edition of World Onshore Pipelines Market Forecast 2021-2025, published June 2021. Global onshore O&G pipeline installations However, as ...
United States Vaca Muerta San Juan France General United Kingdom Ash Sharqiyah

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With a windfall from Ottawa comes great climate expectations for the oilpatch

As the need for the world to act on climate change grows and the pressure on the oilpatch mounts, the industry has increasingly pushed for more government support to develop, construct and scale up carbon capture and storage. The federal government came to the table on Thursday, pledging immediate and long-term financial support.
Kevin Birn Michael Belenkie Chrystia Freeland Justin Tang Un Intergovernmental Panel On Climate Entropy Inc
Source: cbc.ca

Budget 2022: Ottawa unveils $2.6B carbon capture tax credit for energy sector | iNFOnews

CALGARY - Ottawa is urging oil and gas companies to move quickly to take advantage of a major new tax credit for carbon capture and storage โ€” a pricey technology that proponents say could play an important role in reducing this country's greenhouse gas emissions.
Cold Lake Kendall Dilling Mark Zacharias Chrystia Freeland Justin Trudeau Sean Kilpatrick
Source: infotel.ca

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