Brian Zinchuk: SaskPower just signed a massive carbon leakage interchange agreement with the States, and Estevan will suffer the consequences
We have hundreds of years of coal reserves in Saskatchewan. We have the technology to capture the carbon, and sulphur dioxide, if we implement it. We have dramatically reduced other forms of pollution from burning coal. And we can do all these things continually, reliably, and cheaply, wind or no wind, day and night, 24/7/365.
Sweeping climate bill pushes American energy to go green
By Seth Borenstein, Matthew Daly And Michael Phillis () in Washington WASHINGTON (AP) — After decades of inaction in the face of escalating natural disasters and sustained global warming, Congress hopes to make clean energy so cheap in all aspects of life that it’s...
Crown land sale brings in $6.5 million, nearly all of it in southeast Saskatchewan
Saskatchewan’s public offering of Crown petroleum and natural gas rights held on Tuesday, Aug. 9, 2022, raised $6,520,192, which is more than double the August 2021 offering. This brings the current total for the 2022-23 fiscal year to $28,761,806 in revenue for the province.
Trans Mountain announces Dawn Farrell is new president and chief executive officer
Canada’s west coast pipeline Crown corporation has a new head. The board of directors of Trans Mountain Corporation announced on Aug. 10 the appointment of Dawn Farrell to the position of president and chief executive officer and member of the board of directors. The...
TC Energy Corp. completes public offering of common shares
TC Energy Corp. says it has closed a $1.8-billion bought deal offering of common shares.
The Calgary-based company says it will use the proceeds to fund costs associated with the construction of the Southeast Gateway Pipeline, a US$4.5-billion offshore natural gas pipeline in the southeast region of Mexico.
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On a day when SaskPower signs 650 MW interconnect with US, Alberta’s wind failure shows necessity of such interconnects
On a day when SaskPower announced a major interconnect agreement with the American Southwest Power Pool, its necessity was vividly demonstrated by Alberta’s power grid. It turns out that adding more wind power generation does not necessarily mean you’re actually going...
SaskPower signs 20 year agreement with the States to buy or sell up to 650 megawatts
One of the largest questions facing Saskatchewan’s economy is where will we be getting our electrical power in the next 10 years? SaskPower is looking down the barrel of the federally-mandated retirement of conventional coal-fired power by the end of 2029, and it’s going to take until at least 2032 to have any sort of nuclear power in place. Even then, that would only be one or two reactors, not nearly enough to replace our coal fleet, let alone meet the increased demand from electric vehicles.
Raging fire consumes 4th tank at Cuba oil storage facility
Flames engulfed a fourth tank at an oil storage facility in western Cuba on Tuesday as the raging fire consumes critical fuel supplies on an island grappling with a growing energy crisis.
Firefighters and specialists from Mexico and Venezuela helped fight the blaze in the province of Matanzas with boats, planes and helicopters as they sprayed foam on the containers, a first for crews since broiling temperatures had prevented them from doing so earlier.
Russia curtails oil shipments to central Europe
Several countries in Europe dependent on Russian energy suffered another blow with confirmation Tuesday that oil shipments have stopped through a critical pipeline. Russian state pipeline operator Transneft said it halted shipments through the southern branch of the...
Stampede Drilling adding six rigs to its fleet
Stampede Drilling announced on Aug. 3 the acquisition of six drilling rigs from a private company, but didn’t say who it is.
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Quick Dick McDick: I Putter In The Rhubarb… On The Way To Saskatoon
It seems Quick Dick McDick has been so focused on showing us all about Saskatchewan, he even demonstrated what we mean by hitting the rhubarb. Or not. Or maybe eating it. Something like that. [fwduvp preset_id="brian" playlist_id="ad1" start_at_playlist=""...
Cenovus Energy to buy remaining stake in Toledo refinery from BP for $300 million
Cenovus Energy Inc. has signed a US$300-million deal that it says marks another step forward in its long-term strategy to integrate its heavy oil production with refining capability.
The Calgary-based oil company announced Monday it has reached a deal with British energy giant BP to buy the remaining 50 per cent stake in the BP-Husky Toledo Refinery in Ohio. The two companies have also signed a multi-year product supply agreement.
Arcola town hall: Scott Moe on energy security and increasing oil production here
For roughly 2.5 hours, Premier Scott Moe, assisted by MLAs Daryl Harrison (Cannington) and Steven Bonk (Moosomin) took questions from the floor at a town hall meeting in Arcola. The session continued until they basically ran out of questions. This question was from a...
Arcola town hall: Scott Moe on what he thinks the feds will do regarding nitrogen fertilizer
While it came up several times, this answer about the federal government’s recent movements to reduce the usage of nitrogen fertilizer sums up Moe’s and the provincial government’s thoughts on the matter. Let’s just say he has some healthy skepticism.
Nitrogen fertilizer is typically manufactured from natural gas.
Brian Crossman: Making knives, or “Let’s play Forged in Fire!”
It reminded me a lot of my days with a rig crew, getting cleaned up at the end of the day, joking around and just enjoying the feeling of getting through the day with nobody getting hurt.
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Arcola town hall: Scott Moe on refining our oil, and value-added industries
One question centred on refining our oil product and access to markets. Moe touched on value added processing and a recent micro refinery near Kerrobert.
Harrison spoke about how oil and gas has been affected by uncertainty from the federal government.
Moe noted how one Saskatchewan farmer recently told the federal agriculture minister, “The biggest risks to my current enterprise is government policies.”
Arcola town hall: Scott Moe on loss of Ceres canola crush plant, carbon credits, agricultural zero till, oil and gas
The question from Murray Henderson of Alameda asks about how Ceres Global Ag recently suspended its planned $350 million canola crushing plant at Northgate, and how it may have been lost due to the federal carbon tax. Moe and Bonk touched on recognizing the innovation in zero tillage and how agriculture should be recognized as a carbon sink. Listen to the end to hear a rather comical interaction Moe had with Catherine McKenna when he was environment minister and she was the federal environment minister.
Arcola town hall: Scott Moe on coal power, natural gas power, carbon capture and storage
Asked by Dave Sanders about how much the federal government is contributing to upgrading Saskatchewan’s power generation, Premier Moe explained the position federal policies have put us in. He touched on coal and natural gas, going back to the Harper administration, and the current Trudeau administration. Murray Henderson, a former coal miner, asked about coal as well as electric vehicles.
Arcola town hall: Scott Moe on fuel prices, possible cash to the people, carbon tax, separation, fertilizer, and energy security
Asked by Gordon Dixon, a farmer, about rising fuel prices and the federal carbon tax, Premier Moe hinted at possible options including looking at fuel taxes, possible cash refunds to the population, and deficit repayment. He also tackled the concept of Saskatchewan separating from Canada, federal jurisdiction, a “nation within a nation,” fertilizer and energy security.
David Yager: B.C.’s taxpayer-funded climate virtue-signalling
The biggest mistake these companies have made is selling transportation fuel in B.C.
And the communities they have reliably served for decades are being urged to use their citizens’ tax dollars to bring them to their knees.
While overlooking the fact that without car, truck, boat, rail and airplane fuel, many of these municipalities wouldn’t exist.
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Canadian Natural reports $3.5B profit in second quarter amid oil price spike
CALGARY — Canadian Natural Resources Ltd. reported a second-quarter profit that was more than double what it made in the same period last year. The company said it earned $3.5 billion or $3 per diluted share for the quarter ended June 30, up from...
Environmental groups protest proposals to build LNG terminals on Canada’s East Coast
A coalition of environmental groups is calling on Ottawa to reject any proposals to build export facilities for liquefied natural gas on Canada’s East Coast, saying such projects will produce “climate-wrecking emissions.”
The coalition, which includes the Sierra Club Canada Foundation and Climate Action Network Canada, issued a statement Thursday that also takes aim at the financial risks associated with multibillion-dollar ventures that could take several years to come on stream.
Suncor must stop diagnosing and start executing workplace safety changes: Interim CEO
CALGARY — The new interim CEO of Suncor Energy Inc. says the oil and gas giant is ready to stop studying its workplace safety problem and start implementing solutions instead. Kris Smith, who took the helm of the Canadian oil and gas producer in...
Suncor’s Q2 net profit increases more than fourfold year-over-year
Suncor Inc. says it earned $3.99 billion in the second quarter of 2022, or $2.84 per common share, more than four and a half times the $868 million it earned in the same period of 2021.
The Calgary-based oil producer and refiner, which reported after markets closed Thursday, says its adjusted funds from operations hit $5.35 billion in the quarter, the highest in the company’s history by 33 per cent.
Pembina Pipeline’s profits rise on higher crude, natural gas prices
Pembina Pipeline Corp. says it earned $418 million in the second quarter, reflecting higher natural gas liquids (NGL) and crude oil prices and margins, as well as rising volumes on its key pipeline systems.