Total closes $4B Surmont sale to ConocoPhillips, fully exiting Canadian oilsands
French company TotalEnergies says it has finalized its sale of its 50 per cent stake in the Surmont oilsands project to U.S. oil company ConocoPhillips in a deal worth up to $4.4 billion.
Canadian oil output to hit new heights within two years: Report
The coming startup of the Trans Mountain pipeline will help boost Canadian oil production to an all-time high within the next two years, according to a new report.
Letter to the Editor: More thoughts as to why activity levels are so low
I read your articles regularly and with interest as I have been involved in the Saskatchewan oilpatch for the last 27 years, finding oil and building and selling small private companies. I think all your points about industry activity levels and how the provincial government can help are correct and appropriate. We should encourage them as much as possible.
I would like to add a couple more thoughts as to why activity levels are so low.
Just 29 drilling rigs working in Saskatchewan on Oct. 3, and only 26 were drilling for oil
Does it look like the end of December? No. But several oil companies working in Saskatchewan have shut down their drilling programs until the end of the year, meaning three months of no drilling, before planned resumption of drilling in the new year. This, despite oil selling for US$89.33 per barrel of West Texas Intermediate.
Brian Zinchuk: Forget a northern energy corridor to Hudson Bay – just do it within Manitoba
There’s been talk of an energy corridor running from Port McMurray to Fort Nelson on Hudson Bay.
However, it all depends on Manitoba’s election on Tuesday, Oct. 3.
Everyone knows about Fort McMurray, but next to no one knows about Port Nelson, on the mouth of the Nelson River. Nor should they.
Here’s a better idea – build it all within Manitoba.
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If your company wants in on Saskatchewan’s coming nuclear power development, be in Regina on Wednesday
SIMSA has been tasked by the provincial government to develop a nuclear supply chain within Saskatchewan, especially since current estimates are up to $4-$5 billion per reactor, although they could be potentially less. SaskPower estimates peak workforce will be 1750 people during construction, per unit. Thus, there will be opportunities to be had, to the tune of several billion dollars, in what will likely be the priciest infrastructure project in this province to date.
Energy Transition Podcast, Episode 83: Macron going full Trudeau
This week’s Energy Transition Podcast has Armando Cavanha, David Blackmon , Tammy Nemeth and Irina Slav talking about how governments in Canada and France are blaming everyone but themselves and their own energy policies for inflation. Bonus points for the usage of the term “frogmarch.”
Montana is appealing a landmark climate change ruling that favored youth plaintiffs
The office of Montana’s Republican attorney general is appealing a landmark climate change ruling that said state agencies aren’t doing enough to protect 16 young plaintiffs from harm caused by global warming.
Quick Dick McDick: We Can’t Fix Our Government, But We CAN Fix Our Fence
It sounds like Quick Dick McDick is a little jealous of YouTube channel Laura Farms, probably because he’s not nearly at cute showing everyday farming things. But since he didn’t have time to whip up something slagging Trudeau, so here we are.
Coastal GasLink pipeline project 98 per cent complete
TC Energy Corp. says its Coastal GasLink pipeline project is 98 per cent complete.
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Clean electricity regs can be tweaked, but no special deal for Alberta: Guilbeault
There will be no special treatment for Alberta when it comes to Canada’s incoming regulations to make electricity cleaner, Environment Minister Steven Guilbeault said Friday.
Environmental groups increasingly using competition law to fight fossil fuel sector
Splashed across billboards and city buses, on newspaper spreads and Facebook feeds, the “Let’s Clear the Air” ad campaign by the Pathways Alliance group of oilsands companies is a multi-million-dollar public relations blitz by an industry keen to show it’s committed to helping fight climate change.
Brian Zinchuk: Some suggestions for the Saskatchewan government to stimulate activity in the province’s oilpatch
As I noted on Sept. 28, there’s a substantial amount of concern in the oilpatch about the lack of activity despite high oil prices. As one person told me, “When oil was $40 a couple years ago I was optimistic that a price recovery would lead to increased activity in our region. Now that we’re struggling to keep a double digit rig count in SE Sask with $94 oil ($127 CAD) it’s tough to stay optimistic.”
Sovereignty act may be used to fight 2035 net-zero electricity plan: Alberta premier
Alberta Premier Danielle Smith says she would use her province’s sovereignty act as a last resort to challenge any attempt by the federal government to impose a net-zero electricity grid by 2035.
Smith says achieving net-zero 12 years from now is not realistic, adding that it could lead to power blackouts because Alberta wouldn’t have a reliable source of baseload power such as natural gas.
Brian Zinchuk: With oil prices now at US$94 per barrel, why is industry activity akin to when it was half that?
In the last week I’ve spoke to some of the most knowledgeable people I know in the Saskatchewan oilpatch, business owners all, from Weyburn, Lloydminster and several from Estevan. There’s a rising chorus of dissatisfaction amongst them. Things should be booming in this province’s oilpatch, but they aren’t. And this disquiet could threaten the governing Saskatchewan Party with the potential loss of a key portion of its base.
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Part 2: Converting the carbon capture plant from coal to natural gas could reduce emissions, but lead to the end of coal at Estevan
Converting Boundary Dam and Shand Power Stations to natural gas could dramatically reduce CO2 emissions, especially if you factor in the existing carbon capture plant. But it would lead to the end of coal mining at Estevan.
No new oil, coal projects needed as fossil fuel demand to peak this decade: IEA
Even if no new government climate policies are introduced before 2030, global demand for fossil fuels will still peak before the end of the decade, a new report by the International Energy Agency states.
How many nuclear reactors is Saskatchewan going to build?
Just how many nuclear reactors is SaskPower planning for?
SaskPower president and CEO Rupen Pandya addressed Estevan City Council as part of the company’s ongoing consultations, and touched on the subject in that presentation and in an interview session with the media.
Governors, Biden administration push to quadruple efficient heating, AC units by 2030
A group of 25 state governors that make up the U.S. Climate Alliance and the Biden administration announced a pledge Thursday to quadruple the number of heat pumps in U.S. homes by 2030, from 4.7 million to 20 million.
Heat pumps use little electricity, yet are able to heat and cool buildings. Since they often replace oil or gas furnaces that add greenhouse gases to the air, they can meaningfully address climate change.
Video: Nuclear power and small modular reactors: a primer
The Southeast Techhub in Estevan hosted Al Shpyth on Sept. 22 to speak about nuclear power development – a key issue since Estevan is considered one of two possible sites for the province’s first nuclear power reactors.
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Jim Warren: Guess what happens when eco-zealots are put in charge of making climate policy?
Over the past decade we’ve learned that failure and misfortune often follow when people who bleed green are allowed formulate emissions reduction policies. Experience has shown green transition targets set by inept policy makers like Steven Guilbeault, Canada’s greener than goose poop environment minister, generally turn out to be hopelessly unrealistic.
Judge blocks government plan to scale back Gulf oil lease sale to protect whale species
NEW ORLEANS (AP) — A federal judge has ordered the Interior Department to expand next week’s scheduled sale of of Gulf of Mexico oil and gas leases by millions of acres, rejecting a scaled-back plan announced last month by the Biden administration as part of an effort to protect an endangered whale species.
Alberta NDP promises to axe proposed plan to quit CPP if it wins next election
Alberta’s long road to quitting the Canada Pension Plan would run smack into the scheduled 2027 provincial election, with Opposition New Democrats promising to kill the idea if they win.
Smith says despite difficulty with Ottawa, Alberta has allies in Trudeau cabinet
Alberta Premier Danielle Smith told a business conference on Friday that despite her concerns with the federal Liberal government, there are some cabinet ministers she can work with.
Energy Department announces $325M for batteries that can store clean electricity longer
The Energy Department is announcing a $325 million investment in new battery types that can help turn solar and wind energy into 24-hour power it said Friday morning.