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.
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.
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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.
CN Rail hub set to proceed after Supreme Court dismisses appeal request
OTTAWA — The Supreme Court of Canada has dismissed an appeal request that sought to halt construction of a massive rail-and-truck hub in the Greater Toronto Area, paving the way for the project to proceed.
Pembina Pipeline reports higher profits, revenues for first quarter
CALGARY — Pembina Pipeline Corp. has reported higher profits and revenues for the first quarter.
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Enbridge’s Seven Stars wind project survives crucial RM of Weyburn vote
Enbridge’s Seven Stars Energy Project lives to carry on another day, as the RM of Weyburn passed a critical bylaw amendment on May 7 which will remove a restriction on wind turbine height.
SaskPower awards major wind and solar projects to Meadow Lake Tribal Council, Mistawasis Nêhiyawak and Potentia partnerships
The two projects are a 200 megawatt wind facility to be located east of Assiniboia, and a 100 megawatt solar facility south of Coronach. Two partnerships formed by Potentia Renewables Inc., and its Indigenous partners, Meadow Lake Tribal Council (MLTC) and Mistawasis Nêhiyawak First Nation, will develop, own, and operate a new wind and a new solar facility in south-central Saskatchewan.
All-of-the-above approach: SaskPower Minister’s speech at wind and solar announcement
Why is Saskatchewan approving additional wind and solar projects at Assiniboia and Coronach? (See principal story here.) Here’s Crown Investments Corporation (and SaskPower) Minister Jeremy Harrison’s speech, given at the May 1 announcement in Regina, verbatim, picking up after the acknowledgements:
Energy Realities Podcast: Spain and Portugal’s major blackout
These are important considerations as Alberta has added a tremendous amount of wind and solar, and Saskatchewan continues to add to its fleet, although nowhere near the proportions Spain or Alberta have done.
Smith implies not necessarily separation, but separation if necessary
In this case, Smith was essentially saying to the effect “not necessarily separation, but separation if necessary.”
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Williston Basin Petroleum Conference: Moe on Energy, Trade and the Federal Election
Premier Scott Moe & Cenovus Executive Vice President Jeff Lawson spoke at the Williston Basin Petroleum Conference on April 29 to kick off the event. The discussion ranged from trade barriers and pipelines to careers and of course, the federal election. This was the first public appearance of Moe the morning after the election.
Trump won’t stop talking about annexing Canada
On May 4, NBC’s Meet the Press broadcast an interview with President Donald Trump which in part talked about his thoughts on turning Canada into the 51st state. Trump did not back down on that assertion at all, and instead reiterated his claims. Energy was part of that discussion.
Quebec Liberal leadership hopefuls express openness to fossil-fuel projects
Several candidates for the leadership of the Quebec Liberal Party say they’re open to fossil-fuel projects in the province as a means to boost Canada’s energy independence.
Imperial Oil reports Q1 profit up from last year as revenues increase
Imperial Oil Ltd. said frigid weather was to blame for reduced output at its Kearl oilsands mine in northeastern Alberta during the first quarter, but that it’s since recovered to deliver strong April production.
Bronwyn Eyre: Westerners facing a crucial fork in the road
Preston Manning’s idea of a “Canada West Constitutional Conference” would begin doing something about the prospect of another four years of Liberal, anti-Western rule.
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TC Energy reports $978M first-quarter profit as revenues increase
TC Energy Corp. has green-lit a US$900-million pipeline expansion feeding new natural gas-fired power plants in the U.S. Midwest, where artificial intelligence data centres are ravenous for electricity, as well as major refurbishments at the Bruce Power nuclear plant in Ontario.
Alberta seeks court ruling on constitutionality of Ottawa’s clean electricity plan
Alberta’s government is seeking a court ruling on the constitutionality of Ottawa’s clean electricity grid regulations.
The regulations, finalized late last year, lay out a plan to decarbonize electricity grids across Canada by 2050.
Woodfibre LNG makes application to add a second ‘floatel’ to house workers
Woodfibre LNG says it is hoping to add a second “floatel” at its project site near Squamish, B.C., to house as many as 900 workers for its liquefied natural gas project.
US and Ukraine sign deal giving US access to country’s valuable mineral wealth
The U.S. and Ukraine on Wednesday signed an agreement granting American access to Ukraine’s vast mineral resources, finalizing a deal months in the making that could enable continued military aid to Kyiv amid concerns that President Donald Trump might scale back support in ongoing peace negotiations with Russia.
Either a bylaw amendment is approved, or the Weyburn wind project is dead
Over a half billion dollar wind project is on the line just outside of Weyburn, and at this point it comes down to one simple thing – a bylaw on the books of the RM of Weyburn that was never really intended to be there in the first place needs to be changed to allow taller wind turbines, or the project will die.