‘Revenge of the old economy’ is great for Saskatchewan
It’s back to the basics, which is exceptionally good for the province of Saskatchewan. As the global economy emerges from the mandated lockdown to battle the COVID-19 pandemic, consumers, companies and politicians are learning the hard way what people really need to survive.
Federated Co-op announces carbon capture MOU with Whitecap Resources for refinery, ethanol plant
SASKATOON, CALGARY, REGINA – Federated Co-operatives Limited (FCL) and Whitecap Resources announced a memorandum of understanding on Oct. 21 to capture carbon dioxide at two major FCL facilities and inject it into the Whitecap-operated Weyburn Unit for enhanced oil recovery and storage. It was the biggest announcement on the carbon capture, utilization and storage front since SaskPower announced Boundary Dam Unit 3 in 2011.
NEWS: Exxon CEO denies spreading disinformation on climate change
WASHINGTON (AP) — ExxonMobil’s chief executive said Thursday that his company “does not spread disinformation regarding climate change″ as he and other oil company chiefs countered congressional allegations the industry concealed evidence about the dangers of it. In...
NEWS: Crescent Point Energy reports Q3 profit up from year ago as energy prices surge
CALGARY — Crescent Point Energy Corp. reported a third-quarter profit of $77.5 million, up from $500,000 a year earlier, helped by higher energy prices and increased production. The company says the profit amounted to 13 cents per diluted share...
NEWS: Teck Resources Q3 profit up as commodity prices climb, beats expectations
VANCOUVER — Teck Resources Ltd. beat expectations as it reported a third-quarter profit of $816 million, up from $61 million in the same quarter last year, helped by strong commodity prices. The Vancouver-based miner says the profit amounted to...
NEWS: Suncor Energy earns $877M on increased production; doubles dividend
CALGARY — Suncor Energy Inc. says it earned a net profit of $877 million in its latest quarter as it continued to pay down debt and ramp up production in the wake of higher oil prices. The Calgary-based oil producer and refiner reported after...
NEWS: Spain presses Algeria to guarantee natural gas supply
BARCELONA, Spain (AP) — For the second time in a month, a member of Spain’s government met with Algerian officials on Wednesday to guarantee the European country’s supply of natural gas after Algeria closes a pipeline that runs through Morocco this weekend. While a...
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NEWS: University of Toronto to fully divest $4 billion endowment from fossil fuels by 2030
TORONTO — The University of Toronto says it will sell off all fossil fuel investments in its $4 billion endowment fund by the end of 2030 and target a net-zero portfolio by 2050 to help fight climate change. The commitment includes divesting from...
‘Revenge of the old economy’ is great for Saskatchewan
It’s back to the basics, which is exceptionally good for the province of Saskatchewan. As the global economy emerges from the mandated lockdown to battle the COVID-19 pandemic, consumers, companies and politicians are learning the hard way what people really need to survive.
Royal Helium to begin southeast Sask. drilling program at Ogema
SASKATOON – After punching holes near Climax, Sask., Royal Helium Ltd. is shifting its helium drilling program to southeast Saskatchewan. On Oct. 26, Royal announced that licenses and permits have been received...
Aquistore runs crosswell seismic survey to monitor CO2 injection
One of those numerous baselines was running a “crosswell seismic tomography” survey between the injection and observation wells. That basically mean putting an energy source in one well, then putting a seismic array down the second, and doing a vertical seismic survey. The initial crosswell survey was done nine years ago before injection began. Now, starting on Oct. 25, the Petroleum Technology Research Centre (PTRC), which administers Aquistore for SaskPower, started doing a follow up crosswell seismic tomography survey.
DEEP and Prairie Lithium collaborate, with one taking the upper, and the other taking lower formations
Deep Earth Energy Production (DEEP) and Prairie Lithium are working together in multiple ways, each to further their green energy initiatives. Pipeline Online spoke to DEEP CEO Kirsten Marcia and Prairie Lithium CEO
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NEWS: B.C.’s climate change plan aims for changes by 2030 for consumers, industry
VICTORIA — British Columbia has introduced a plan to reach its legislated target to reduce greenhouse gas emissions by 2030 with initiatives like slashing the number of kilometres driven and boosting the carbon tax. The new plan sets a target of...
Quick Dick McDick: Beefin’ around
Beef has one ingredient: cattle.
Also, Quick Dick uses butcher paper to explain how much land on eath is used for agriculture, and specifically, beef. It turns out there’s a lot more marginal land than arable land. We can’t grow much on it, except cattle, he explains.
And can anyone tell Quick Dick what grass eats for food?
NEWS: Regulator lays charges against Tidewater Midstream for acidic water release
CALGARY — The Alberta Energy Regulator has laid charges against Tidewater Midstream and Infrastructure Ltd. for a release of acidic water in west-central Alberta. The regulator says the release occurred in Oct. 2019 at Tidewater's Ram River sour...
Brandt Tractor adds 64 new locations across Canada, Australia, and New Zealand with $302 million Cervus purchase
REGINA – Brandt Tractor Ltd., a wholly owned subsidiary of the Brandt Group of Companies, announced on Oct. 22 it had successfully acquired Cervus Equipment Corp., following a 97.66 per cent endorsement for the deal in an October 12, 2021 vote by Cervus shareholders....
NEWS: Alton Gas cavern project in Nova Scotia scrapped by Calgary-based AltaGas
HALIFAX — An Alberta energy company has abandoned its plan to create huge salt caverns north of Halifax to store natural gas. AltaGas announced today it will decommission the Alton Natural Gas Storage Project near Stewiacke, N.S., because the...
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Steve Halabura: Is this Saskatchewan’s next billion barrel oilfield? A peek at Saskatchewan’s “Northeast Oilpatch”
ts hard to believe that there is such a thing as the “Northeast Saskatchewan Oilpatch” but in a strange way, there is such a place. Instead of Estevan, think Hudson Bay. Weyburn – think Arborfield. Heck, the area even has coal!
This is not normally an area familiar to the denizens of Saskatchewan’s more conventional “patch,” so Carol Heaslip threw together a map for me showing the geography and the “hot” zones. First, get yourself to Saskatoon, then progress on Highway 41 about 150 kilometres to the northeast to Melfort. From here, its about another hour and a half east to Hudson Bay, and along the route you will see the main geographic feature of the northeast – the Pasquia Hills.
Federated Co-op CEO explains rationale behind putting its upstream oil producing assets up for sale
SASKATOON – In late September, Federated Co-operatives Limited (FCL) announced it was selling its upstream oil production. During the Oct. 21 announcement of the FCL/Whitecap Resources Inc memorandum of understanding on carbon capture, utilization and storage, FCL...
NEWS: Alberta inquiry finds no wrongdoing in anti-oilsands campaign despite foreign funds
EDMONTON — Canadian environmental groups did nothing wrong when they accepted foreign funding for campaigns opposing oilsands development, a public inquiry has reported. In his much-delayed report released Thursday, Steve Allan, commissioner of...
Federated Co-op announces carbon capture MOU with Whitecap Resources for refinery, ethanol plant
SASKATOON, CALGARY, REGINA – Federated Co-operatives Limited (FCL) and Whitecap Resources announced a memorandum of understanding on Oct. 21 to capture carbon dioxide at two major FCL facilities and inject it into the Whitecap-operated Weyburn Unit for enhanced oil recovery and storage. It was the biggest announcement on the carbon capture, utilization and storage front since SaskPower announced Boundary Dam Unit 3 in 2011.
PATCHWORK PODCAST: Kurt Price and Tracy Klotz interview Pipeline Online editor Brian Zinchuk
Pipeline Online editor and owner Brian Zinchuk appeared on New Lloydminster Nissan’s Patchwork podcast on Oct. 21.
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Questerre Energy CEO Michael Binnion speaks out on Quebec move to ban hydrocarbon extraction
Questerre Energy Corp. president and CEO Michael Binnion has long been outspoken on Quebec energy policy, as one of the few companies who have earnestly tried to develop oil and gas in La Belle Province. That company, whose operations include the Antler region, near Redvers, Saskatchewan, had, in the past leased large amounts of acreage in Quebec, but couldn’t do anything with it due to that province’s ban on fracking. On Oct. 20, Binnion put out a statement on the Quebec throne speech talking about banning hydrocarbons.
NEWS: Precision Drilling Q3 revenue up more than 50% from year ago as drilling ramps up
CALGARY — Precision Drilling Corp. says it lost $38 million in its latest quarter as drilling ramped up and revenue rose more than 50 per cent compared with a year ago. The Calgary-based company says the loss amounted to $2.86 per diluted share...
NEWS: Report shows fossil fuel production out of step with government climate commitments
A new international report finds forecasts for fossil fuel production around the world are way out of step with government climate commitments. But one of the report's authors says Canada's falling projections for its industry are more realistic...
NEWS: Offshore oil and gas regulator lays charges against Cenovus Energy for 2018 spill
ST. JOHN'S, N.L. — Canada's offshore oil and gas regulator has laid three charges against a Cenovus Energy Inc. subsidiary stemming from a huge oil spill off the coast of Newfoundland in 2018. The Canada-Newfoundland and Labrador Offshore...
NEWS: Energy crunch hits global recovery as winter approaches
Power shortages are turning out streetlights and shutting down factories in China. The poor in Brazil are choosing between paying for food or electricity. German corn and wheat farmers can't find fertilizer, made using natural gas. And fears are rising that Europe...