Royal Helium advancing on several fronts in SK and AB, announces bought deal financing
Royal Helium Ltd. published a substantial update on April 24, announcing ongoing plans for further helium development in southern Saskatchewan and Alberta, as well as bought deal financing to pay for some of those plans. It’s also got a buyer purchasing all of its helium production from the company’s Steveville, Alta., facility, its first production plant.
SaskPower adds nuclear heavy hitter to its board
SaskPower continues to build out its nuclear team, with a steady string of nuclear-related job postings. Now that’s reached the board level, with a heavy hitter appointed to the SaskPower board of directors. And her experience with nuclear licensing is sure to help out with SaskPower’s application for its first nuclear license, a tremendously rigorous process that is taking years to go through.
Alta. oil and gas company fined for violating methane rules
The Alberta Energy Regulator has fined a Calgary-based junior oil and gas producer for failing to meet its fugitive emission and methane reporting requirements.
MEG Energy says Trans Mountain expansion will boost Canadian oil prices ‘for years’
The recently completed Trans Mountain pipeline expansion will boost Canadian oil prices for “years” to come, an executive with oilsands producer MEG Energy Corp. said Tuesday.
Suncor earns $1.6B in first quarter, breaks all-time oilsands production record
Suncor Energy Inc. says it earned $1.61 billion in the first three months of 2024, down from $2.05 billion a year earlier.
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Alberta announces committee to help speed up oilsands tailings reclamation
The Alberta government has appointed a new committee to look into ways to speed up the reclamation of the large and growing tailings ponds in the province’s oilsands.
Crescent Point sells Flat Lake and Battrum to Saturn Oil & Gas
Crescent Point Energy Corp., just sold off two substantial chunks of its remaining Saskatchewan properties to Saturn Oil & Gas Inc.
Moe says Estevan likely location for small modular reactors
Premier Scott Moe dropped a bombshell during his speech to the Saskatchewan Chamber of Commerce Food, Fuel and Fertilizer Global Summit in Regina on May 6. He kinda sorta but not officially announced the location of Saskatchewan’s first small modular reactors (SMRs).
Meg Energy sees earnings rise in first quarter to $98 million
Meg Energy Corp. says it earned $98 million in its first quarter, up from $81 million during the same quarter last year.
Brian Zinchuk: If carbon capture is the future, why does it keep striking out?
The next great hope of carbon capture for power generation in Canada just got punted in Alberta. Now what is SaskPower to do?
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TransAlta cancels wind power project over new government rules on development
A major Alberta utility has cancelled a large wind power project in response to new government rules on where such developments can be built.
Saskatchewan and Alberta Partner to Advance Nuclear Power Generation
The Governments of Saskatchewan and Alberta have signed a Memorandum of Understanding (MOU) to advance the development of nuclear power generation in support of both provinces’ need for affordable, reliable and sustainable electricity grids by 2050.
Pipeline operator TC Energy sees natural gas deliveries rise as power demand booms
Canadian pipeline operator TC Energy Corp. achieved record deliveries on its natural gas pipeline systems in the first quarter, thanks to booming North American electricity demand. The Calgary-based company said Friday, May 3, its comparable earnings from its Canada,...
Saskatchewan Research Council: Helping the Accelerated Site Closure Program Achieve Award-Winning Results
During a time when a global pandemic brought industries across the world to a standstill, shuttering businesses and stymying job growth, the Government of Saskatchewan initiated a program to help get people back to work.
Brian Zinchuk on Evan Bray Show: Multi-Lateral Well Program, TMX online, Sask Oil & Gas Show
This month: Pipeline Online editor and owner Brian Zinchuk and Evan Bray discuss the Multi-Lateral Well Program, Trans Mountain Pipeline Expansion going online, directional drilling across borders, the Saskatchewan Oil and Gas Show in Weyburn, and upcoming lithium action.
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Parkland says lots of buyer interest in its fuel, convenience store locations
CALGARY — Fuel retailer Parkland Corp. said Thursday the 157 Canadian fuel and convenience store locations it has put up for sale are generating a great deal of interest from prospective buyers.
Canadian Natural Resources sees path to hike Horizon oilsands output by 76 per cent
Canadian Natural Resources Ltd. said it believes the output of its Horizon oilsands mine could be increased by 195,000 barrels per day of synthetic crude oil, a 76 per cent hike from the mine’s current capacity of approximately 255,000 barrels per day.
Capital Power pulls plug on proposed $2.4B carbon capture and storage project
Edmonton-based Capital Power Corp. says it is no longer pursuing its proposed $2.4-billion carbon capture and storage project at its Genesee natural gas-fired power plant.
Squamish, B.C., rejects LNG company’s plan for floating work camp
Plans to use a renovated cruise ship to house more than 600 workers at a liquefied natural gas facility near Squamish, B.C., have been voted down by the local council. The ship arrived in B.C. waters in January after a 40-day journey from Estonia,...
Parkland Corp. posts first-quarter loss due to Burnaby refinery outage
Fuel retailer Parkland Corp. says it posted a net loss of $5 million in its first quarter as its financial results took a hit due to an unplanned shutdown at its Burnaby refinery.
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Cenovus reports Q1 profit up from year ago, raises quarterly base dividend
Cenovus Energy Inc. raised its dividend as it reported a first-quarter profit of $1.18 billion, up from $636 million a year ago.
Oil begins moving on $34 billion Trans Mountain pipeline expansion
Canada’s energy sector as well as the country’s main oil-producing province celebrated Wednesday as the long-awaited $34-billion Trans Mountain pipeline expansion officially came online.
Multi-Lateral Well Program could reinvigorate cold heavy oil production
As this is the largest change in oil royalties in Saskatchewan for the better part of two decades, with the intention of significantly kick-starting additional drilling and added oil production, the province is making sure people know about it.
Trans Mountain pipeline expansion gets green light to open for May 1
The long-awaited Trans Mountain pipeline expansion is complete and the Canada Energy Regulator has given the go-ahead for the project to open.
Alberta to partially fund facility to test geothermal drilling techniques
The Alberta government is helping fund what it says is Canada’s first test site for geothermal energy drilling techniques.