Brian Zinchuk on John Gormley show: drilling activity, spring breakup, CAPEX, and more
On Thursday, March 2, Pipeline Online editor and owner Brian Zinchuk appeared on CJME/CKOM’s John Gormley Show.
Items discussed included oil prices, Russia skirting sanctions, drilling activity, spring breakup, capital expenditures, and more.
Saskatchewan Research Council: Going green at Gunnar Mine and mill site
Remediation efforts at the former Gunnar Mine and Mill Site reached a new milestone last spring—with the first stage of revegetation coming to fruition.
Located on the north shore of Lake Athabasca, the long-abandoned uranium mine and mill has undergone a large environmental transformation over the past decade.
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.
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