Reaching for a million (or 600,000?), Part 3: Low Productivity and Reactivation Oil Well Program announced
What if you could breathe new life into an old, depleted well? What if you could make use of existing infrastructure like pumping equipment, tubing, flowlines and batteries, as well as the vertical wellbore, itself? That’s exactly what the new incentive offered by the Province of Saskatchewan tries to do, by incentivizing the reinvigoration of old wells by drilling new, additional horizontal legs.
Moe issues Saskatchewan’s demands, a week after Smith announces Alberta’s
This week, Saskatchewan Premier Scott Moe issued his own public letter to Prime Minister Mark Carney, albeit with a much less threatening tone and without the implied threat of Saskatchewan separation.
Jim Warren: The Canadian Deep Green State
There are thousands of federal bureaucrats who’ve spent up to a decade thinking about ways to block pipelines and stifle expansion of Canada’s conventional energy sector. They are probably not all climate alarmists and emissions cutting fanatics, but it’s a safe bet lots are.
The shark gets swallowed: Whitecap closes Veren (formerly Crescent Point) strategic combination
The company that pretty much defined Saskatchewan’s Bakken Boom, gobbling up over 30 companies (most of them in southeast Saskatchewan) is no more.
Pipeline Online Podcast: Ep. 9 E. Craig Lothian, CEO of Lex Capital
E. Craig Lothian has founded 11 oil companies in Saskatchewan over the years under the Keystone and Villanova names. He is the CEO of Lex Capital Corp. The federal election, Trump’s trade war, Alberta’s demands, growing Saskatchewan oil production and more are discussed.
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AFN chief calls for review of natural resource deals amid talk of Alberta separation
The national chief of the Assembly of First Nations is calling for a federal review of nearly century-old natural resource transfer agreements in response to Alberta’s government opening the door to a separation referendum.
B.C.’s low snowpack, melt signal drought, raising concern for hydro power
Drier, warmer weather in much of British Columbia last month has contributed to an early melt, raising concern for widespread drought this summer, the province’s latest snowpack and water supply bulletin says.
Alberta government announces indefinite freeze on industrial carbon price
Alberta Premier Danielle Smith says her government is freezing its industrial carbon price effective immediately at $95 per tonne of emissions.
Ensign Energy Services reports Q1 profit compared with a loss a year ago
Ensign Energy Services Inc. reported a profit in its latest quarter compared with a loss a year ago as its revenue edged up.
Bronwyn Eyre: “Elbows Up” for the Provinces Against the Ottawa Hegemons!
We’ve become the land of perpetual Liberal minority governments and neutered Oppositions who are too weak to do anything but dominate Question Period.
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Saudi oil giant Aramco announces first-quarter profits of $26 billion, down 4.6% from a year earlier
Saudi Arabia’s state-owned oil giant Aramco posted first-quarter profits of $26 billion on Sunday, down 4.6% from the prior year as falling global oil prices undermine the kingdom’s multi-trillion-dollar development plans.
Pembina Pipeline sees enough demand for potential expansion to Cedar LNG project
CALGARY — The chief executive of Pembina Pipeline Corp. says he believes there will be enough demand to support an expansion to the Cedar LNG project on the B.C. coast as it looks to sign on more shippers for the first phase now in early construction.
Brian Zinchuk on Evan Bray Show: Election, Alberta separatism, and Williston Basin Petroleum Conference
There was some breaking news about the Weyburn Seven Stars wind project. Of course the federal election was also discussed. And Alberta Premier Danielle Smith’s numerous demands for changes from the new federal government, or separation could be at stake, were also discussed.
Ontario greenlights four SMRs identical to the model SaskPower has chosen. The cost is $20.9 billion
A major nuclear power announcement was made in Ontario on May 8 that will have a direct impact on Saskatchewan’s plans for nuclear power generation development, especially when it comes to how much it would cost.
Ontario Leads the G7 by Building First Small Modular Reactor
On May 8, Ontario and Ontario Power Generation (OPG) announced the green-lighting of four small modular reactors at the Darlington New Nuclear site. Here is the Ontario press release, verbatim. Note, there are an awful lot of quotes included in the press release. To see how this impacts Saskatchewan, which could be a great deal, click here.
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Parkland agrees to be bought by U.S. heavyweight Sunoco in US$9.1B deal
A judge has declined to hear a challenge to Parkland Corp.’s last-minute decision to delay its shareholder meeting by more than a month so investors can vote on a US$9.1-billion takeover by Sunoco LP at the same time they elect a board of directors.
Cenovus Energy reports $859M Q1 profit, raises quarterly dividend
CALGARY — Cenovus Energy Inc. raised its dividend as it reported a first-quarter profit of $859 million, down from $1.18 billion a year ago.
Canadian Natural Resources reports Q1 profit up, record quarterly average production
CALGARY — Canadian Natural Resources Ltd. earned a first-quarter profit of $2.46 billion, up from $987 million a year ago as it reported record quarterly average production.
CN Rail hub set to proceed after Supreme Court dismisses appeal request
OTTAWA — The Supreme Court of Canada has dismissed an appeal request that sought to halt construction of a massive rail-and-truck hub in the Greater Toronto Area, paving the way for the project to proceed.
Pembina Pipeline reports higher profits, revenues for first quarter
CALGARY — Pembina Pipeline Corp. has reported higher profits and revenues for the first quarter.
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- 0095 Fast Trucking nearly 70 years good at it0095 Fast Trucking nearly 70 years good at it
- 0053 Kingston Midstream Westspur Alameda Click Before You Dig0053 Kingston Midstream Westspur Alameda Click Before You Dig
- 0092 Turnbull projects big and small0092 Turnbull projects big and small
- 0046 City of Estevan This is Estevan Teaser0046 City of Estevan This is Estevan Teaser
- 0087 Lori Carr Coal Expansion0087 Lori Carr Coal Expansion
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Enbridge’s Seven Stars wind project survives crucial RM of Weyburn vote
Enbridge’s Seven Stars Energy Project lives to carry on another day, as the RM of Weyburn passed a critical bylaw amendment on May 7 which will remove a restriction on wind turbine height.
SaskPower awards major wind and solar projects to Meadow Lake Tribal Council, Mistawasis Nêhiyawak and Potentia partnerships
The two projects are a 200 megawatt wind facility to be located east of Assiniboia, and a 100 megawatt solar facility south of Coronach. Two partnerships formed by Potentia Renewables Inc., and its Indigenous partners, Meadow Lake Tribal Council (MLTC) and Mistawasis Nêhiyawak First Nation, will develop, own, and operate a new wind and a new solar facility in south-central Saskatchewan.
All-of-the-above approach: SaskPower Minister’s speech at wind and solar announcement
Why is Saskatchewan approving additional wind and solar projects at Assiniboia and Coronach? (See principal story here.) Here’s Crown Investments Corporation (and SaskPower) Minister Jeremy Harrison’s speech, given at the May 1 announcement in Regina, verbatim, picking up after the acknowledgements:
Energy Realities Podcast: Spain and Portugal’s major blackout
These are important considerations as Alberta has added a tremendous amount of wind and solar, and Saskatchewan continues to add to its fleet, although nowhere near the proportions Spain or Alberta have done.
Smith implies not necessarily separation, but separation if necessary
In this case, Smith was essentially saying to the effect “not necessarily separation, but separation if necessary.”