Europe bans Russian diesel, other oil products over Ukraine

Europe bans Russian diesel, other oil products over Ukraine

FRANKFURT, Germany (AP) — Europe imposed a ban Sunday on Russian diesel fuel and other refined oil products, slashing energy dependency on Moscow and seeking to further crimp the Kremlin’s fossil fuel earnings as punishment for invading Ukraine.

The ban comes along with a price cap agreed by the Group of Seven allied democracies. The goal is allowing Russian diesel to keep flowing to countries like China and India and avoiding a sudden price rise that would hurt consumers worldwide, while reducing the profits funding Moscow’s budget and war.

Lithium in SK, Part 12: Hub City Lithium shows promising results northeast of Weyburn

Lithium in SK, Part 12: Hub City Lithium shows promising results northeast of Weyburn

REGINA – About 11 kilometres east of Weyburn on Highway 13, and about 4 kilometres north, Hub City Lithium has been testing for lithium. And the results announced on Jan. 26 are among the highest announced in Saskatchewan to date.

Hub City Lithium of Regina has sampled two wells there last year. And on Jan. 26, the company announced its test results of its second well. The company has also drilled a well in the Viewfield areas, whose results have not yet been disclosed.

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    0041 DEEP Since 2018 now we are going to build
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G-7, Europe reach deal for price cap on Russian diesel

G-7, Europe reach deal for price cap on Russian diesel

U.S. Treasury Secretary Janet Yellen said Friday that industrialized countries in the Group of Seven are imposing a price cap on refined Russian oil products such as diesel and kerosene, as part of a coalition that includes Australia and a tentative agreement from the European Union.

The cap follows similar price limits put on Russian oil exports, with the goal of reducing the financial resources Russian President Vladimir Putin has to wage the nearly year-long war in Ukraine.

Three years ago, Teck was going to spend $20 B on its Frontier Oil Sands Project. Now it’s totally out of the oil sands, completing sale of Fort Hills stake

Three years ago, Teck was going to spend $20 B on its Frontier Oil Sands Project. Now it’s totally out of the oil sands, completing sale of Fort Hills stake

VANCOUVER — Teck Resources Ltd. says it has completed the sale of its 21.3 per cent stake in the Fort Hills oilsands mine to Suncor Energy Inc. and TotalEnergies EP Canada Ltd.

The Vancouver-based mining company announced last year that it would sell its stake in Fort Hills to Suncor, one of two other partners in the project, for about $1 billion.

Shell profit doubles to record as war drives up energy costs

Shell profit doubles to record as war drives up energy costs

LONDON (AP) — Global energy giant Shell said Thursday that its annual profits doubled to a record high last year as oil and natural gas prices soared after Russia’s invasion of Ukraine.

London-based Shell Plc posted adjusted earnings of $39.9 billion for 2022 in its financial results for the final three months of the year. Adjusted earnings in the fourth quarter, which exclude one-time items and fluctuations in the value of inventories, rose by 50%, to $9.8 billion, from the same period a year earlier.

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    0041 DEEP Since 2018 now we are going to build
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Justice Minister Bronwyn Eyre releases statement on feds’ “Just Transition”

Justice Minister Bronwyn Eyre releases statement on feds’ “Just Transition”

“There are over 70,000 people directly and indirectly employed by our agriculture and energy sectors – sectors which are vital to not only our province, but also to our country and indeed the world. Our agriculture sector is the most sustainable in the world, producing more product and doing so with fewer emissions. The same goes for our energy sector, which continues to innovate the extraction and refinement of oil and gas, responsibly and ethically.”

36 Drilling rigs working in Saskatchewan on Jan. 31

36 Drilling rigs working in Saskatchewan on Jan. 31

The next few weeks are usually the high point of drilling activity for the year. On Tuesday, Jan. 30, there were 36 drilling rigs working in Saskatchewan, according to RiggerTalk.com, which publishes data from the Canadian Association of Energy Contractors (CAOEC).

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    0041 DEEP Since 2018 now we are going to build
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Quick Dick McDick: Combine to the Finish Line

Quick Dick McDick: Combine to the Finish Line

Quick Dick McDick brings us his  3rd instalment on how we grow oats in Saskatchewan! There’s one more to go after this. And holy crap, did you realize he has a brother, known as “The Dusty Wrench?” First time going through this video, I thought, man, that guy sure looks like Quick Dick. Guess I shouldn’t have forwarded through the important parts, eh? Does he have a sister with a beard, too?

David Yager: Qatar, Norway and ‘The Trouble with Canada’

David Yager: Qatar, Norway and ‘The Trouble with Canada’

That Germany has given up on Canada to supply liquefied natural gas (LNG) and instead signed a massive multi-year LNG purchase agreement with Qatar has left many angry and disappointed.  

Investment manager and perennial oil bull Eric Nuttall recently visited Qatar and Saudi Arabia and wrote an opinion piece for the Financial Post titled, “Canada could be as green and wealthy as Qatar and Saudi Arabia if government wakes up – Instead of vilifying the oil and gas sectors, Canada should champion them.” 

North Dakota landowners at odds in carbon pipeline plans

North Dakota landowners at odds in carbon pipeline plans

North Dakota landowners testified for and against a carbon capture company’s use of eminent domain Friday, as Summit Carbon Solutions moves forward in constructing a massive underground system of carbon dioxide pipelines spanning 2,000 miles across several states and under hundreds of people’s homes and farms in the Midwest.

The proposed $4.5 billion carbon pipeline project would capture carbon dioxide emissions across neighboring states and deposit the emissions deep underground in North Dakota.

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    0041 DEEP Since 2018 now we are going to build
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Weyburn OTS Open Bonspiel Feb 3-4

Weyburn OTS Open Bonspiel Feb 3-4

WEYBURN – The Weyburn OTS Open Bonspiel is taking place Feb. 3-4. The 24-team event is full as of Jan. 27, but organizer Rob Somerville said that it’s still possible to be put on a waiting list in case someone drops out. “We have a couple of different things this...

Imperial Oil gives OK to $720M renewable diesel project near Edmonton

Imperial Oil gives OK to $720M renewable diesel project near Edmonton

Imperial Oil Ltd. is going ahead with a $720-million project to build a renewable diesel facility at its Strathcona refinery near Edmonton.

The project, first announced in August 2021, is expected to produce 20,000 barrels per day of renewable diesel once it is complete.

That will make it the largest facility of its kind in Canada, upon its expected completion in 2025, and one of the largest renewable diesel complexes in North America. 

The feds are looking for research projects on CCUS, and the PTRC has a lot they can offer

The feds are looking for research projects on CCUS, and the PTRC has a lot they can offer

Federal Minister of Natural Resources Jonathan Wilkinson announced on Jan. 25 an intake for “expressions of interest for carbon capture, utilization and storage (CCUS) research, development and demonstration (RD&D) projects and related science activities focused on carbon storage and transportation”

The Regina-based Petroleum Technology Research Centre (PTRC) has been heavily involved with such research for over 20 years. This includes the original research done on the Weyburn and Midale carbon dioxide-enhanced oil recovery projects that is now concluded, and ongoing work at the Aquistore project, part of SaskPower’s Boundary Dam Unit 3 Integrated Carbon Capture and Storage Project.