Saudi Arabia is slashing oil supply. It could mean higher gas prices for US drivers
FRANKFURT, Germany (AP) — Saudi Arabia will reduce how much oil it sends to the global economy, taking a unilateral step to prop up the sagging price of crude after two previous cuts to supply by major producing countries in the OPEC+ alliance failed to push oil higher.
Precision says wildfires in Alberta and B.C. have had a modest impact on operations
CALGARY — Precision Drilling Corp. says the wildfires in Alberta and B.C. have had a modest impact on its operations and it expects second-quarter drilling activity to average about 42 rigs in the region, an increase of 14 per cent compared with a year earlier.
As debt limit crisis abates, environmental critics fear dangerous pipeline precedent
By James McCarten WASHINGTON —In the land of partisan blinders, the one named Manchin is still king, it seems. Political Washington's second most powerful Joe, not far these days behind the one in the White House, took a victory lap Friday to...
Suncor to cut 1,500 jobs by end of year, employees informed Thursday
Suncor Energy Inc. will cut 1,500 jobs by the end of the year, as new CEO Rich Kruger forges ahead with his mandate to reduce costs and improve the company’s lagging financial performance.
Employees were given the news Thursday afternoon, in a companywide email from Kruger, Suncor spokeswoman Sneh Seetal said.
Conservative MP speaks of the glaciers that covered Canada, is mocked by Steven Guilbeault about “Shocking disregard for basic science”
It wasn’t clear if the “shocking disregards of basic science” Guilbeault was referring to was the fact the Laurentide ice sheet, which was one to two kilometres thick across most of Canada for about 80,000 of the last 100,000 years, melted before cars and coal plants existed, or that he thinks mankind is the principle cause of climate change. Nor was it clear if the tweet was in retaliation for Dreeshen pointing out Guilbeault’s past actions as a Greenpeace activist.
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Federal government gives $86 million to convert Newfoundland oil refinery to biofuel
COME BY CHANCE, NEWFOUNDLAND AND LABRADOR - The Minister of Natural Resources Jonathan Wilkinson, and Minister of Labour Seamus O’Regan, on behalf of Minister of Innovation, Science and Industry François-Philippe Champagne, announced up to $86 million in federal...
Op-Ed: What Danielle Smith’s remarkable comeback means for Canada
Smith’s return to politics after a decade as a radio host was improbable, but she was able to build support among two groups of Albertans: those angry about COVID-19 public health restrictions and others who wanted to see fundamental changes to Alberta’s place in Canada.
Equinor postponing Bay du Nord oil project off Newfoundland for up to three years
The premier of Newfoundland and Labrador played it cool Wednesday as Norwegian energy giant Equinor announced it was suspending plans to develop a $16-billion oil project in the province’s offshore.
Andrew Furey said the news that Equinor would postpone the Bay du Nord project for up to three years came as a surprise. But he said he remains confident the oilfield would still be developed.
Superior Plus to sell eight distribution hubs in agreement with Competition Bureau
Superior Plus Corp. has agreed to sell eight propane distribution hubs in northern Ontario to address the concerns of the Competition Bureau about its deal to buy Certarus Ltd.
PTRC hosts plenary meeting of the ISO’s Technical Committee 265 setting global standards for carbon capture, transportation, and storage
June 5th to 9th, the Petroleum Technology Research Centre will be hosting in Regina the plenary and technical working group meetings of the International Organization for Standardization’s (ISO) Technical Committee 265. The ISO/TC-265 is made up of experts, scientists, and regulators from 24 different countries working collaboratively to develop global standards for carbon capture, and storage (CCS).
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Patchwork Podcast: Brian Zinchuk and Kurt Price talk oil prices, drilling power, generation and more
The New Lloydminster Nissan’s monthly Patchwork Podcast this month sees host Kurt Price talk with Pipeline Online editor and owner Brian Zinchuk about the state of the energy industry
Government amending Atlantic Accords to include offshore wind energy, spur production
Natural Resources Minister Jonathan Wilkinson says new legislation will let Nova Scotia and Newfoundland and Labrador tap into the potential of offshore wind power development.
He has introduced changes to the laws implementing the Atlantic Accords that would expand the mandates of each province’s offshore petroleum boards to include renewable energy.
Pace of oilsands decarbonization an open question after UCP win in Alberta
As Danielle Smith’s United Conservative Party celebrates Monday’s election win in Alberta, the province’s oil and gas sector remains in the dark over how much financial support the new government will offer it to decarbonize.
Canada will keep up with U.S., won’t cut corners on permitting reform, Wilkinson says
It may not sound like the stuff of a taut political thriller, but permitting reform — streamlining the drawn-out approval process for energy projects — has been a key plot point in Washington’s latest debt-ceiling drama.
On Tuesday, Canada introduced some intrigue of its own.
Pembina Pipeline partnering with Marubeni Corp. on ammonia export project
CALGARY — Pembina Pipeline Corp. says it has reached an agreement with Japanese conglomerate Marubeni Corp. to create an ammonia supply chain for exports to Asian markets.
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Jim Warren: Reaping what they’ve sown: how the anti-development approval processes demanded by environmentalists are now blocking green energy projects
The sorry history of the Trans Mountain pipeline project actually reflects a phenomenon that has been frustrating environmentalists across North America. The Byzantine environmental approval processes that environmental activists and green politicians constructed over the last several decades now make it virtually impossible to get anything in the way of large infrastructure projects approved and completed. And that includes green energy infrastructure projects.
Oilpatch restarts production that was shut in due to Alberta wildfires
Crescent Point Energy Corp. said Monday it has resumed production at its operations that were shut in due to the Alberta wildfires.
Drilling rig activity is pretty sedate in Saskatchewan, with just 11 rigs working
May is just about over, spring breakup is long past, but drilling activity is pretty sedate in Saskatchewan.
Hanks Maintenance holds open house
Tis the season to pull out the barbecue, throw on some burgers and sausages and hold an open house.
For Estevan-based Hank’s Maintenance, that took place on Thursday, May 18.
When Alberta’s wind power cratered, Saskatchewan’s wasn’t great, but at least coal and natural gas provided 84% of all power here
Friday morning, all of Alberta’s wind farms could have only charged 12 Teslas at once
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Ford electric vehicle owners to get access to Tesla Supercharger network starting next spring
DETROIT (AP) — All of Ford Motor Co.’s current and future electric vehicles will have access to about 12,000 Tesla Supercharger stations in the U.S. and Canada starting next spring.
Ford CEO Jim Farley and Tesla CEO Elon Musk announced the agreement Thursday during a “Twitter Spaces” audio chat.
Brian Zinchuk: Ford and Tesla just signalled the beginning of the end of electric vehicle charging format war
Whatever your thoughts are on electric vehicles, there’s been a major hangup in the adoption of electric vehicles – incompatible charging ports. But late last week, a major development between Tesla and Ford may be the beginning of the end for the latest tech format wars.
This isn’t just Betamax vs VHS. It’s Betamax vs VHS vs DVD, at the same time.
ConocoPhillips to exercise pre-emptive right; will buy rest of Surmont project
U.S. oil company ConocoPhillips said Friday it will exercise its right of first refusal and purchase TotalEnergies’ 50 per cent stake in the Surmont oilsands project for $4 billion.
Royal Helium locks in offtake agreements for all the helium from its first processing facility
It’s not even finished, but Royal Helium already has buyers for all the helium it can produce out of its first facility.
For the fourth time in 16 days, Alberta’s wind power drops to near zero output
The utter unreliability of wind power generation in Alberta showed itself for the fourth time in 16 days on May 26. On Friday morning, at 9:55 a.m., Alberta yet again saw its wind power generation drop about as close to zero it can get without actually hitting zero....