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The Petroleum Technology Research Centre – as a world leader in the advancement of CO2 enhanced oil recovery R&D and commercial-scale field projects – is today applauding the Government of Canada’s decision to allow CO2-EOR as part of the CCS Investment Tax Credit program.   PTRC managed the Weyburn-Midale CO2 EOR program – the most important project in the…

March 27th, 2027   Today in Toronto, Natural Resources Canada and its Energy Innovation Program announced funding to the PTRC for our new CO2 Reservoir Evaluation (CO2RE) project, which aims to inject a new observation well into the CO2 storage locatoin a the Aquistore site.  This is a world-first project in many ways, drilling directly in a reservoir that has been CO2-saturated for…

PTRC ANNOUNCES THE DEPARTURE OF CEO AND PRESIDENT RANJITH NARAYANASAMY The Board of Directors of the Petroleum Technology Research Centre today announced the departure of the company’s CEO and President, Ranjith (Ran) Narayanasamy, effective November 28th, 2025.   “Ran has accepted a new position of employment, and we offer him our full support and wish him every success…

June 16,…