Scotiabank says royalty credits for well cleanup would damage industry’s reputation
Scotiabank is warning that the Alberta government’s plan to give oil companies a royalty credit for cleaning up their old wells could damage the reputation of Canada’s oil and gas industry.
Lloydminster area brings in most money in February Crown land sale
REGINA – The Government of Saskatchewan’s Crown petroleum and natural gas public offering held on Tuesday, February 7, has raised $3,100,291 in revenue for Saskatchewan. The Lloydminster area was the focus of the dollars this time around, if not the number of leases.
SNC-Lavalin among the contractors listed for Ontario’s small modular reactor project, and SaskPower is following OPG’s lead
When it comes to small modular reactors (SMRs), Saskatchewan is currently planning on building the highest number in Canada, but it definitely is not taking the lead. That is being done by Ontario Power Generation, which is building the first General Electric Hitachi BWRX-300 reactor at its Darlington Nuclear Generating Facility.
One of the contractors for OPG’s project is SNC-Lavalin, which was blacklisted in 2016 by SaskPower. SNC-Lavalin and SaskPower are still before the courts over the Boundary Dam Unit 3 project, which went online in 2014.
UK energy giant BP’s profits double to $27.7 billion
LONDON (AP) — British energy firm BP reported record annual earnings Tuesday, fueling demands that the U.K. government boost taxes for companies benefiting from the high price of oil and natural gas after Russia’s invasion of Ukraine.
London-based BP said underlying replacement cost profit, which excludes one-time items and fluctuations in the value of inventories, jumped to $27.7 billion in 2022 from $12.8 billion a year earlier. That beat the $26.8 billion BP earned in 2008, when tensions in Iran and Nigeria pushed world oil prices to a record of more than $147 a barrel.
Nominations open for 2024 Saskatchewan Oil & Gas show awards
Who has made a difference, or perhaps dedicated their lives, to the oil and gas industry in Saskatchewan. You’ve got some time to ponder that, and perhaps nominate them for 2024 Saskatchewan Oil and Gas Show awards.
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