PTRC to host ISO plenary conference on CO2 storage in oil and gas fields

PTRC to host ISO plenary conference on CO2 storage in oil and gas fields

The PTRC will be hosting the Plenary Conference of the International Organization for Standardization (ISO) Technical Committee 265 (ISO/TC265) on June 5th to 9th, 2023 in Regina.

The City of Regina is the birthplace of the World’s first CCS Standards (CSA Z741) that were developed by Canadian experts some 12 years ago, by a team that included PTRC’s leadership. Canada is now leading the development of the ISO International Standards.

Oil and gas marks another year of over $1B in R&D spending

Oil and gas marks another year of over $1B in R&D spending

Major Canadian oil and gas companies are cranking up spending on research and development aimed at reducing emissions and improving operational efficiency.

Suncor Energy, Canadian Natural Resources, Imperial Oil, Syncrude, and TC Energy spent $1.17 billion in 2021 compared to $1.01 billion in 2020, says a recent Research Infosource report. That maintains a world-leading trend since 2012 of major oil and gas companies collectively spending more than $1 billion per year on research and development (R&D).

More LNG projects needed as European demand takes on larger importance: report

More LNG projects needed as European demand takes on larger importance: report

The world needs more liquefied natural gas (LNG) projects to meet rising demand as Europe emerges as a key import region, according to the latest industry outlook.  

Europe’s LNG imports increased by 60 per cent last year to replace pipeline gas from Russia, Shell reported this week. Analysts expect Europe’s LNG requirements to nearly double by 2030, reaching 140 million tonnes compared to about 73 million tonnes in 2021.  

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