Official (Alberta) Oil Discussion Thread

[Lubicon]

Originally Posted by Samonadreau

I wish we could just have $80 oil and $4 gas and stay there. It's bananas out here, and no wages have gone up.

Rig wages have gone up somewhat and my friends at E&P's say their bonuses have been restored but no salary increases yet. On the service side ( for salaried employees) still no wage increase as price increases for services have completely gone to cover our increased costs or materials/supplies. Nothing left over for wage bumps.

[indes]

Originally Posted by Samonadreau

Not sure who's getting these bonuses. I haven't heard of anyone around here getting them.

I guess first world problems. But i would be happy if oil/gas prices came back down a bit and if anything we were punching a few less wells to keep reservoirs more sustainable longer too.

Most folks around here are still putting in 15hr worth of work in a 10 hr day just to keep up and theres no wage increases to make up for inflation.

Hopefully its coming i guess.

Hopefully! Last fall there were tons of turnarounds at the same time and trades were getting offered 150$/day retention, LOA for locals, 5$/hr weekly bonus yada yada as no one could man their turnarounds. Maybe bonus was the wrong word, but definitely lots of incentive.

Like I said I know of one company that had to back out of a larger project due to staffing issues, there's just no one who wants to travel up to a site in the middle of nowhere and stay in a camp to make mediocre money for 3 months.

Even before wages are brought back up I would hope to see some of the perks brought back like 12 hour days on construction, paid travel and paid lunches. Some People might think it sounds like entitlement but when you have to go work a 14/7 day shift away from home in a camp it sucks being at work for 10.5 hours, paid for 10, traveling 1.5hrs to work and back from camp, for free, then sitting in camp for 12 hours instead of making money while away from your family and life.

Can't blame the people that left for a 40hr/wk at home for a bit less money.

My fingers are crossed that the worker shortage and higher oil prices will lead to some increased wages. I know contract pipe fitters are making less now than they were in 2010 and believe the union has held wages for over 6 years. You can see why people would jump ship.

[Weitz]

Originally Posted by Samonadreau

Not sure who's getting these bonuses. I haven't heard of anyone around here getting them.

I guess first world problems. But i would be happy if oil/gas prices came back down a bit and if anything we were punching a few less wells to keep reservoirs more sustainable longer too.

Most folks around here are still putting in 15hr worth of work in a 10 hr day just to keep up and theres no wage increases to make up for inflation.

Hopefully its coming i guess.

Where is “around here”?

[Roof-Daddy]

Oil went from $100+ down to $30~ and I took 8 pay cuts in about 8 months.

Now oil is back to $100+ and I'm still making 65% of what I was making in 2014.

It's not so fun being on the service side of this industry lol

[Tron_fdc]

I can't see skilled labour wages staying down for too long. Really sucks for a company like ours because we just can't afford to pay those big salaries yet, and our shop wages are set through union negotiations.

I'm willing to bet wages see massive increases the next 12 months though. Doesn't matter what the price of oil is if you can't staff accordingly.

[Hack&Lube]

Originally Posted by Roof-Daddy

Oil went from $100+ down to $30~ and I took 8 pay cuts in about 8 months.

Now oil is back to $100+ and I'm still making 65% of what I was making in 2014.

It's not so fun being on the service side of this industry lol

Wages will go up again if this pricing is sustained because of supply and demand for skilled labor.

The wages were high in the first place due to labor shortages during the boom years.

[Samonadreau]

Originally Posted by Weitz

Where is “around here”?

West of Edmonton, East of Jasper. I work anywhere from RMH up to GP.

[Weitz]

Originally Posted by Samonadreau

West of Edmonton, East of Jasper. I work anywhere from RMH up to GP.

I guess I meant what industry? Were seeing and giving raises/bonus on the ops/completions side of O&G.

[Samonadreau]

Originally Posted by Weitz

I guess I meant what industry? Were seeing and giving raises/bonus on the ops/completions side of O&G.

Oil and Gas. ops/projects.

[Ashartus]

Originally Posted by Hack&Lube

Wages will go up again if this pricing is sustained because of supply and demand for skilled labor.

The wages were high in the first place due to labor shortages during the boom years.

In my area on the service side there is definitely upward pressure on wages due to shortage of qualified people but at the same time the big oil and gas companies are still rejecting any price increases and in some cases still trying to push them down further.

[Yoho]

https://twitter.com/user/status/1508821196703477765

[V]

I'm curious, and totally ignorant about this. What regulatory framework does the federal government have to enforce an emission reduction?

[belsarius]

Originally Posted by V

I'm curious, and totally ignorant about this. What regulatory framework does the federal government have to enforce an emission reduction?

MSAPR (Multi-sector Air Pollutants Regulations) which is part of the AQMS (Air Quality Management System) and includes CAAQS (Canadian Ambient Air Quality Standards).

https://www.ec.gc.ca/lcpe-cepa/default.asp?n=FEA2BB78-1

https://www.alberta.ca/canadian-ambi...standards.aspx

I won't go into any details about the inner workings as my wife is doing work on these specific regulations with the Alberta Government - but these are the standards and regulations that the Federal government uses.

[OptimalTates]

Originally Posted by V

I'm curious, and totally ignorant about this. What regulatory framework does the federal government have to enforce an emission reduction?

For clarity, in order to meet the targets set out by the Liberals, the models suggest that the O&G sector would need to reduce emissions by 42%. There isn't like a "cut your emissions by 40% or Trudeau is going to be breaking some knee caps." At least not yet.

Now they are exploring the paths to get there. Obviously big policies like carbon tax (or cap-and-trade) are required, but advancement in technologies like carbon capture, utilization and storage is expected along with a future CCUS investment tax credit. More green energy projects (subsidized or not), elimination of subsidies for fossil fuels. Policies like Clean Fuel Regulations will be explored and potentially enacted but right now it's closer to them knowing where they want to get to, now it's about finding the path to get there.

[Leeman4Gilmour]

There's also some low hanging fruit out there as well;

http://https://www.suncor.com/en-ca/...leases/1913104

This project is ongoing right now.

~Suncor’s greenhouse gas (GHG) emissions associated with steam production at Base Plant will be reduced by approximately 25%

~GHG emissions in the province of Alberta will be reduced by approximately 2.5 megatonnes per year

[Tron_fdc]

Oilsands has already largely reduced emissions by 30% the last 2 decades, so reducing by another 40% would be pretty remarkable.

Is there any other oil producing jurisdiction on the planet that is anywhere near that level of reduction?

[OptimalTates]

Norway

[V]

Originally Posted by Tron_fdc

Oilsands has already largely reduced emissions by 30% the last 2 decades, so reducing by another 40% would be pretty remarkable.

Is there any other oil producing jurisdiction on the planet that is anywhere near that level of reduction?

Is that true? This is from the article.

Oil and gas accounts for more than one-quarter of Canada’s total emissions, and the sector’s carbon footprint has grown 20 per cent since 2005.

[accord1999]

Originally Posted by V

Is that true? This is from the article.

Probably on a per-barrel basis. Oil production in Canada has increased by 70-90% since 2005.

[GGG]

Originally Posted by V

Is that true? This is from the article.

Intensity per barrel is generally how the oil industry reports its numbers.

In 2005 Canada produced 2.2 million barrels this year we are about 4.5 million. https://www.statista.com/statistics/...-of-crude-oil/

CO2 in Canada should be measured in tonnes per dollar GDP.