With about two weeks to go before breakup, there’s 39 drilling rigs in the field in Saskatchewan
With roughly just two weeks to go until spring breakup, there were 39 active drilling rigs working in Saskatchewan on March 1.
That’s according to RiggerTalk.com, which publishes data from the Canadian Association of Energy Contractors.
CAPP projects $40B in capex this year – almost double 2020, but half of 2014
While $40 billion is an improvement, it’s a far cry from the roughly $80 billion spent in the boom year of 2014. Asked about that, Elizabeth Besson, manager, media and issues for CAPP, Besson told Pipeline Online, “Coming off nearly a decade of historically low commodity prices, it is positive to see a third consecutive year of growth and to reach that milestone of surpassing pre-COVID investment, particularly at a time when the Canadian economy is in need of private investment.”
Enbridge earmarks $3.3 billion for Gulf Coast storage plant, other projects
Ebel said as the energy transition takes hold, renewable energy will continue to grow and Enbridge continues to explore opportunities in new, low-carbon forms of energy such as renewable natural gas.
But he said natural gas and oil will remain critical parts of the energy mix for the foreseeable future. Natural gas, in particular, will be needed as a reliable backup given the intermittent nature of wind and solar power, he said.
Saturn closes half-billion dollar Ridgeback Resources deal in SE Sask and central Alberta
CALGARY, ALBERTA – Saturn Oil & Gas Inc. announced the evening of Feb. 28 that it has successfully completed the previously announced acquisition of Ridgeback Resources Inc. in a half-billion dollar deal. The deal was initially announced on Jan. 20. Ridgeback was...
Cenovus closes deal for complete ownership of Toledo Refinery
CALGARY -- Cenovus Energy Inc. announced on Feb. 28 that it has closed on the transaction to purchase bp’s 50 per cent interest in the bp-Husky Toledo Refinery in Ohio, effective that day. Cenovus already owned 50 per cent of the facility, and now owns 100 per cent...
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