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PTRC Announces Its Commitment to Progressive Aboriginal Relations (PAR) through the Canadian Council for Aboriginal Business

April 11, 2022 – PTRC is pleased to announce its commitment to the Progressive Aboriginal Relations (PAR) program.   Established in 2001, the PAR program includes an online management and reporting tool that supports participating companies’ efforts towards progressive improvement in aboriginal relations, and a certification program that confirms corporate performance in…

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CCUS Tax Credit Imperative for Industries to Reach Emissions Reduction Goals

Regina – Ran Narayanasamy, President & CEO of PTRC, issued the following statement in response to today’s federal budget announcement of carbon capture, utilization, and storage (CCUS) tax incentives   “PTRC welcomes in the federal budget unveiled on Thursday, a refundable investment tax credit to encourage the country’s oil and gas companies and other…

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PTRC Announces the Appointment of a New CEO and President

For Release: February 14, 2022  (To downlosd or view the PDF of this announcement, and for contact information, click here)   The Petroleum Technology Research Centre (PTRC) and its Board of Directors announce today the appointment of Mr. Ranjith (Ran) Narayanasamy as the company’s new Chief Executive Officer and President.   Mr. Narayanasamy comes to the PTRC…

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Aquistore Completes First Crosswell Seismic Survey Since CO2 Injection Began

One of the objectives of the Aquistore project – which has seen over 393 kilotonnes of CO2 injected 3.2 km underground into a deep saline formation – has been to track the growth of the CO2 plume over time. To date, this has been accomplished by surface-based 4D seismic imaging (4 time-lapse images have been produced since injection began) and PND logging in the observation well. 4D…

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