Brian Zinchuk: Forty billion in oilpatch CAPEX sounds great, until you realize it’s half of what was spent in 2014
Back in the lofty, pre-Justin Trudeau government days of 2014, back when oil was booming, pipelines were planned to east and west coasts, and Alberta and Saskatchewan were swimming in money, around $81 billion was spent in capital expenditures (CAPEX) in the Canadian petroleum industry. In Alberta, alone, the number topped $60 billion. And British Columbia and Saskatchewan got their share, too. Even Manitoba was seeing investment.
On March 1, the Canadian Association of Petroleum Producers (CAPP) forecast CAPEX of $40 billion, which is just about double the disaster year of 2020, but half of 2014. And that’s before #justinflation. What would it be if we had a federal government supportive of the industry, instead of trying to make it disappear?
Ken From: Norway: Canada who is the climate hypocrite?
Norway is seemingly a paradox: they want to be at the forefront of international efforts to address climate change, yet the country aims to cash in on oil and gas for years to come. Norway’s centre-left government has said its lucrative oil and gas sector will be...
Jim Warren: EU sanctions have not derailed Russian oil exports
Putin’s Russia may indeed be incompetent at managing a large modern military. But when it comes to evading international rules around things like laundering the proceeds of crime and large scale corruption, Russians are world leaders.
That’s why news reports in January claiming a new set of EU sanctions on Russian oil exports was actually working seemed hard to believe.
Brian Zinchuk: SaskPower may have no choice but to use SNC-Lavalin for SMRs
It turns out Saskatchewan, and SaskPower, might be in a bit of a pickle when it comes to who will build our planned small modular reactors (SMRs). SNC-Lavalin, the company SaskPower over eight years later is still in litigation with regarding the Boundary Dam project, may be our only choice to actually build it.
Brian Zinchuk: A big deal in the Bakken for Saturn reminds us that all of this has happened before, and will happen again
Back in 2008, when I was being recruited to become editor of Pipeline News, the Bakken oil play in southeast Saskatchewan was all the rage. That year, the largest Crown land sales in Saskatchewan history totalled over a billion dollars, and that doesn’t even count the...
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