Energy executives say feds must make good on pledge to speed up project approvals
Canada’s oil and gas sector is hopeful the federal government will live up to its budget-day pledge to speed up the time it takes to build major infrastructure projects.
The Liberal government announced last week that it will unveil a plan aimed at speeding up the federal permitting process for major infrastructure projects before the end of the year.
Cameco and Bruce Power extend supply agreement to 2040, providing Ontario reactors with Saskatchewan uranium
On April 4 Cameco and Bruce Power announced the extension of their long-term exclusive nuclear fuel supply arrangements for an additional 10 years through to 2040. This inter-provincial collaboration secures decades of Canadian-made nuclear energy that is essential to building a path to net-zero, while creating good jobs and benefitting ratepayers, Cameco said in a release.
Spring breakup finally begins, delayed three weeks from usual
The 2023 spring road restrictions come into force in Saskatchewan on Friday, April 7, according to an April 5 press release from the Ministry of Highways.
The announcement came roughly three weeks after the usual announcement of spring breakup road bans. That typically occurs within a few days of March 15, either before or after. This year, it’s 23 days after March 15.
Oil could be headed back to US$100 a barrel this year: Industry experts
A surprise production cut by the Organization of Petroleum Exporting Countries and its allies (OPEC plus) is just one factor lifting the spirits of Canada’s energy sector executives these days, as experts say crude prices could return to US$100 a barrel later this year.
“Buoyant” and “extremely positive” were some of the terms used by CEOs on Tuesday to describe the mood at a major oil and gas conference in Toronto, which took place just two days after the unexpected move by OPEC sent oil futures surging.
One Alberta coal unit put out 26.4x the amount of power of the entire fleet of hundreds of wind turbines
At 1:36 p.m., Alberta saw its wind power generation drop to 14 megawatts out of 3,618. That’s 0.38 per cent of nameplate capacity, or 38 ten-thousandths.
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