

What a month of Alberta’s electrical mix shows: enormous variability backed up by natural gas
Pay special attention to the gas readings, and how close they get to the black bar showing total generation at that time. The federal Clean Electricity Regulations mean to do away with all of that gas generation, unless it has carbon capture with standards that are currently unreachable, will be done away with in 24 years, seven months and 18 days.

Keystone restrictions, market uncertainty weigh on South Bow earnings forecast
Oil shipper South Bow Corp. is lowering the upper end of its 2025 earnings forecast due to market uncertainty and ongoing pressure restrictions on its Keystone pipeline.

Strathcona Resources makes stock-and-cash takeover offer for MEG Energy
Strathcona Resources Ltd. is making a takeover stock-and-cash offer for oilsands producer MEG Energy Corp. that values the company at about $5.9 billion.

‘A first step’: Crowsnest Pass mayor excited about Northback drilling approval
CALGARY — The mayor of Crowsnest Pass in southwestern Alberta says the Alberta Energy Regulator's approval of a controversial coal exploration project on the eastern slopes of the Rocky Mountains is long overdue. "I think they finally woke up. I...

Jim Warren: The Carney Liberals Second Act: Bashing Alberta and Saskatchewan over their lack of patriotism and environmental zeal
The crème de la crème of patriotic images shown on TV were of spastic chicken dancers trying to emulate aggressive elbows up play in hockey.
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SAGD blowout to surface east of Maidstone on May 9
On May 9, Cenovus Energy had an explosive pressure release to the surface from its Rush Lake 2 thermal facility.

Enbridge sells stake in Westcoast pipeline to B.C. First Nations group for $715M
“People often ask what economic reconciliation for Indigenous Peoples looks like,” said Chief David Jimmie, president and chair of Stonlasec8 Indigenous Alliance LP, which represents 36 B.C. First Nations.
“This is it.”

Reaching for a million (or 600,000?), Part 3: Low Productivity and Reactivation Oil Well Program announced
What if you could breathe new life into an old, depleted well? What if you could make use of existing infrastructure like pumping equipment, tubing, flowlines and batteries, as well as the vertical wellbore, itself? That’s exactly what the new incentive offered by the Province of Saskatchewan tries to do, by incentivizing the reinvigoration of old wells by drilling new, additional horizontal legs.

Moe issues Saskatchewan’s demands, a week after Smith announces Alberta’s
This week, Saskatchewan Premier Scott Moe issued his own public letter to Prime Minister Mark Carney, albeit with a much less threatening tone and without the implied threat of Saskatchewan separation.

Jim Warren: The Canadian Deep Green State
There are thousands of federal bureaucrats who’ve spent up to a decade thinking about ways to block pipelines and stifle expansion of Canada’s conventional energy sector. They are probably not all climate alarmists and emissions cutting fanatics, but it’s a safe bet lots are.
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The shark gets swallowed: Whitecap closes Veren (formerly Crescent Point) strategic combination
The company that pretty much defined Saskatchewan’s Bakken Boom, gobbling up over 30 companies (most of them in southeast Saskatchewan) is no more.

Pipeline Online Podcast: Ep. 9 E. Craig Lothian, CEO of Lex Capital
E. Craig Lothian has founded 11 oil companies in Saskatchewan over the years under the Keystone and Villanova names. He is the CEO of Lex Capital Corp. The federal election, Trump’s trade war, Alberta’s demands, growing Saskatchewan oil production and more are discussed.

AFN chief calls for review of natural resource deals amid talk of Alberta separation
The national chief of the Assembly of First Nations is calling for a federal review of nearly century-old natural resource transfer agreements in response to Alberta’s government opening the door to a separation referendum.

B.C.’s low snowpack, melt signal drought, raising concern for hydro power
Drier, warmer weather in much of British Columbia last month has contributed to an early melt, raising concern for widespread drought this summer, the province’s latest snowpack and water supply bulletin says.

Alberta government announces indefinite freeze on industrial carbon price
Alberta Premier Danielle Smith says her government is freezing its industrial carbon price effective immediately at $95 per tonne of emissions.
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Ensign Energy Services reports Q1 profit compared with a loss a year ago
Ensign Energy Services Inc. reported a profit in its latest quarter compared with a loss a year ago as its revenue edged up.

Bronwyn Eyre: “Elbows Up” for the Provinces Against the Ottawa Hegemons!
We’ve become the land of perpetual Liberal minority governments and neutered Oppositions who are too weak to do anything but dominate Question Period.

Saudi oil giant Aramco announces first-quarter profits of $26 billion, down 4.6% from a year earlier
Saudi Arabia’s state-owned oil giant Aramco posted first-quarter profits of $26 billion on Sunday, down 4.6% from the prior year as falling global oil prices undermine the kingdom’s multi-trillion-dollar development plans.

Pembina Pipeline sees enough demand for potential expansion to Cedar LNG project
CALGARY — The chief executive of Pembina Pipeline Corp. says he believes there will be enough demand to support an expansion to the Cedar LNG project on the B.C. coast as it looks to sign on more shippers for the first phase now in early construction.

Brian Zinchuk on Evan Bray Show: Election, Alberta separatism, and Williston Basin Petroleum Conference
There was some breaking news about the Weyburn Seven Stars wind project. Of course the federal election was also discussed. And Alberta Premier Danielle Smith’s numerous demands for changes from the new federal government, or separation could be at stake, were also discussed.
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- 0086 Sask Gov Oil and Gas Incentive Programs0086 Sask Gov Oil and Gas Incentive Programs
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Ontario greenlights four SMRs identical to the model SaskPower has chosen. The cost is $20.9 billion
A major nuclear power announcement was made in Ontario on May 8 that will have a direct impact on Saskatchewan’s plans for nuclear power generation development, especially when it comes to how much it would cost.

Ontario Leads the G7 by Building First Small Modular Reactor
On May 8, Ontario and Ontario Power Generation (OPG) announced the green-lighting of four small modular reactors at the Darlington New Nuclear site. Here is the Ontario press release, verbatim. Note, there are an awful lot of quotes included in the press release. To see how this impacts Saskatchewan, which could be a great deal, click here.

Parkland agrees to be bought by U.S. heavyweight Sunoco in US$9.1B deal
A judge has declined to hear a challenge to Parkland Corp.’s last-minute decision to delay its shareholder meeting by more than a month so investors can vote on a US$9.1-billion takeover by Sunoco LP at the same time they elect a board of directors.

Cenovus Energy reports $859M Q1 profit, raises quarterly dividend
CALGARY — Cenovus Energy Inc. raised its dividend as it reported a first-quarter profit of $859 million, down from $1.18 billion a year ago.

Canadian Natural Resources reports Q1 profit up, record quarterly average production
CALGARY — Canadian Natural Resources Ltd. earned a first-quarter profit of $2.46 billion, up from $987 million a year ago as it reported record quarterly average production.