SaskPower signs 20 year agreement with the States to buy or sell up to 650 megawatts
One of the largest questions facing Saskatchewan’s economy is where will we be getting our electrical power in the next 10 years? SaskPower is looking down the barrel of the federally-mandated retirement of conventional coal-fired power by the end of 2029, and it’s going to take until at least 2032 to have any sort of nuclear power in place. Even then, that would only be one or two reactors, not nearly enough to replace our coal fleet, let alone meet the increased demand from electric vehicles.
Raging fire consumes 4th tank at Cuba oil storage facility
Flames engulfed a fourth tank at an oil storage facility in western Cuba on Tuesday as the raging fire consumes critical fuel supplies on an island grappling with a growing energy crisis.
Firefighters and specialists from Mexico and Venezuela helped fight the blaze in the province of Matanzas with boats, planes and helicopters as they sprayed foam on the containers, a first for crews since broiling temperatures had prevented them from doing so earlier.
Russia curtails oil shipments to central Europe
Several countries in Europe dependent on Russian energy suffered another blow with confirmation Tuesday that oil shipments have stopped through a critical pipeline. Russian state pipeline operator Transneft said it halted shipments through the southern branch of the...
Stampede Drilling adding six rigs to its fleet
Stampede Drilling announced on Aug. 3 the acquisition of six drilling rigs from a private company, but didn’t say who it is.
Cenovus Energy to buy remaining stake in Toledo refinery from BP for $300 million
Cenovus Energy Inc. has signed a US$300-million deal that it says marks another step forward in its long-term strategy to integrate its heavy oil production with refining capability.
The Calgary-based oil company announced Monday it has reached a deal with British energy giant BP to buy the remaining 50 per cent stake in the BP-Husky Toledo Refinery in Ohio. The two companies have also signed a multi-year product supply agreement.
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