Devine’s Upgraders, Part 1: The two heavy oil upgraders built by the Grant Devine government had a tough opening act, but became anchors for Saskatchewan’s current economy
If you had followed Saskatchewan politics in the 1990s, you would have thought the world was ending as a result of the Grant Devine Progressive Conservative government’s two signature megaprojects, the heavy oil upgraders in Lloydminster and Regina.
With oil price fluctuations dramatically hurting their economics, the Alberta government couldn’t abandon its investment in the Bi-Provincial Upgrader in Lloydminster fast enough, leaving Saskatchewan holding the bag and eventually selling it to Husky in 1998. Similarly, the NewGrade Upgrader in Regina was also wrought with financial and political peril.
These projects are featured in So Much More We Can Be: Saskatchewan’s Paradigm Shift and the Final Chapter on the Devine Government 1982-1991, by Edward Willett, Gerard Lucyshyn and Joseph Ralko. It was published this in 2021 by the Frontier Centre for Public Policy and just recently released on Amazon.ca at this link. The FCPP asked if I would write about the impact of these upgraders, and I heartily agreed.
For heavy oil to be useful beyond asphalt, you had to process it, or upgrade it, to a thinner, lighter form of oil, known as synthetic crude, before you could further refine it into gasoline, diesel, or myriad other products. And to do that, you need an upgrader. Or two.
With the Lloydminster Heavy Oil Show coming up Sept 14-15, there’s a big milestone to celebrate in heavy oil.
The Cenovus Lloydminster Refinery marked its 75th year in operation.
In recent weeks, Ford has announced price increases of over US$8,000 for both its electric F-150 Lightning and Mach-E Mustang due to higher material costs.
Gregg Smith, president and CEO, and Greg Phaneuf, VP finance and CFO, are the founders of Grounded Lithium Corp. Pipeline Online spoke to them via email in early August, and they responded Aug. 24.
Gregg Smith, president and CEO, and Greg Phaneuf, VP finance and CFO, are the founders of Grounded Lithium Corp. Pipeline Online spoke to them via email in early August, and they responded Aug. 24. You can read Part 1 here. Pipeline Online: Your SEDAR filing as well...
Grounded Lithium Corp. is the second company to drill a targeted lithium well in Saskatchewan. That initial well was spudded near Coleville in west central Saskatchewan on July 27 and drilling concluded during the first week of August. The Company plans now to bring appropriate equipment to properly complete and test the well.
On Aug. 24, the company announced it has closed its amalgamation with VAR Resources Corp. and it had commenced trading on the TSX Venture Exchange on Aug. 23 under the symbol GRD. It is listed as a Tier 2 Mining Issuer.
Gregg Smith, president and CEO, and Greg Phaneuf, VP finance and CFO, are the founders. Pipeline Online spoke to them via email in early August, and they responded Aug. 24. This is Part 1 of 3.
- 0029 Latus Viro updated Latus phone
- 0031 Lloydminster_Heavy_Oil_Show_20220031 Lloydminster_Heavy_Oil_Show_2022
- 0027 TED_NA Helium 2021_30
- 0028 SIMSA_Energy_Forum_2022
- 0025 Kendalls
- 0026 Buffalo Potash Quinton Salt
- 0023 LC Trucking tractor picker hiring mix
- 0022 Grimes winter hiring
- 0021 OSY Rentals S8 Promo
- 0019 Jerry Mainil Ltd hiring dugout
- 0018 IWS Hiring Royal Summer
- 0014 Buffalo Potash What if PO
- 0015 Latus Viro PO Ad 01
- 0013 Panther Drilling PO ad 03 top drive rigs
- 0006 JK Junior
- 0004 Royal Helium PO Ad 02