“We are a go” – DEEP’s geothermal power project near Estevan is going ahead this year
SASKATOON – After several years of drilling, testing, delineating and redesigning, DEEP Earth Energy Production Corp. is going ahead with construction of its first geothermal power project. It’s a project that promises emissions-free baseload power generation, using...
Europe bans Russian diesel, other oil products over Ukraine
FRANKFURT, Germany (AP) — Europe imposed a ban Sunday on Russian diesel fuel and other refined oil products, slashing energy dependency on Moscow and seeking to further crimp the Kremlin’s fossil fuel earnings as punishment for invading Ukraine.
The ban comes along with a price cap agreed by the Group of Seven allied democracies. The goal is allowing Russian diesel to keep flowing to countries like China and India and avoiding a sudden price rise that would hurt consumers worldwide, while reducing the profits funding Moscow’s budget and war.
Lithium in SK, Part 12: Hub City Lithium shows promising results northeast of Weyburn
REGINA – About 11 kilometres east of Weyburn on Highway 13, and about 4 kilometres north, Hub City Lithium has been testing for lithium. And the results announced on Jan. 26 are among the highest announced in Saskatchewan to date.
Hub City Lithium of Regina has sampled two wells there last year. And on Jan. 26, the company announced its test results of its second well. The company has also drilled a well in the Viewfield areas, whose results have not yet been disclosed.
SaskPower provides a lot more detail for possible small modular reactor locations, with Rafferty and Lake Diefenbaker showing most promise
REGINA – SaskPower put out a blog post on Feb. 2 that provided a lot more clarity about where the Crown utility might build its first two nuclear reactors. This is the first refinement released to the public since SaskPower announced last year its first initial areas of focus, in the Elbow and Estevan areas.
G-7, Europe reach deal for price cap on Russian diesel
U.S. Treasury Secretary Janet Yellen said Friday that industrialized countries in the Group of Seven are imposing a price cap on refined Russian oil products such as diesel and kerosene, as part of a coalition that includes Australia and a tentative agreement from the European Union.
The cap follows similar price limits put on Russian oil exports, with the goal of reducing the financial resources Russian President Vladimir Putin has to wage the nearly year-long war in Ukraine.
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