Saturn closes deal buying up Crescent Point’s assets in Saskatchewan Viking
Saturn Oil & Gas Inc. announced on July 6 they had closed their previously announced previously announced acquisition of assets in the Viking area of West-central Saskatchewan from Crescent Point Energy Corp. The deal is for cash consideration of approximately $248 million (net of adjustments). Saturn also has completed a non-brokered private placement for gross proceeds of $400,326.
EU lawmakers back gas, nuclear energy as sustainable
European Union lawmakers voted Wednesday to include natural gas and nuclear in the bloc’s list of sustainable activities, backing a proposal from the EU’s executive arm that has been drawing fierce criticism from environment groups and now looks set to trigger legal challenges.
As the EU wants to set the best global standards in the fight against climate change, the decision could tarnish the bloc’s image and question the region’s commitment to reaching climate neutrality by 2050.
Ovintiv selling portions of assets in Uinta and Bakken Basins for US$250M
Ovintiv Inc. has signed a pair of deals to sell portions of its assets located in the Uinta and Bakken Basins for total proceeds of approximately US$250 million.
Brian Zinchuk on John Gormley Live: LNG, helium nuclear power, electric F-150s, solar, wind and more
Pipeline Online editor and owner Brian Zinchuk appears on CJME/CKOM’s John Gormley Live the first Wednesday of the month at 10 a.m. This month’s edition discussed drilling activity, helium, the war in Ukraine, Germany’s need for Canadian LNG, 25 years for the CO2 project at the Weyburn Unit, SaskPower’s selection of a nuclear reactor design, the first electric Ford F-150 Lightning to arrive in Estevan, and two days of the utter failure of solar and wind power generation in Alberta recently. That’s a lot to pack into a half hour, but you can hear it all by clicking below.
First electric Ford F-150 Lightning to reach Estevan seen in the wild, battery will take 13 hours to charge at that charger if it started at 15%
While other manufacturers have brought electric pickups to the market, the F-150 is the best selling vehicle in Canada, making this the first EV pickup from a major North American manufacturer. General Motors has since announced its electric Silverado, and Ram is expected to release an electric pickup soon.
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