Op-Ed: Saskatchewan Coal Transition Centre: Coal’s ticking time bomb
It is important to recognize that the closure of coal mines can impact not only the mental health of miners but also the mental health of their families It is essential for communities, governments, and employers to provide resources and support for coal miners and their families during the transition away from coal mining. This can include retraining programs, job placement services, financial assistance, and mental health support. These resources can help ease the transition and promote good mental health and well-being.
TC Energy says ‘multiple’ asset sale negotiations underway in $5B divestment process
TC Energy also provided an update on construction of its Coastal GasLink project, saying work is continuing in line with its revised cost and schedule and is now about 87 per cent complete. The company said it continues to target mechanical completion by late this year.
Earlier this year, TC Energy raised the projected cost of the Coastal GasLink project to $14.5 billion, up from an earlier estimate of $11.2 billion.
Iran TV airs footage of commandos seizing US-bound tanker
DUBAI, United Arab Emirates (AP) — Masked Iranian navy commandos conducted a helicopter-borne raid to seize a U.S.-bound oil tanker in the Gulf of Oman, footage aired by Iran's state television showed Friday. The capture on Thursday of the Turkish-managed,...
Iran navy seizes tanker near Oman that was on way to Houston
Iran’s navy seized a Marshall Islands-flagged oil tanker in the Gulf of Oman on Thursday heading to the U.S. amid wider tensions over Tehran’s nuclear program, the latest-such capture in a waterway crucial for global energy supplies.
The U.S. Navy’s Mideast-based 5th Fleet identified the vessel as the Advantage Sweet. Satellite tracking data for the vessel from MarineTraffic.com showed it in the Gulf of Oman, just north of Oman’s capital, Muscat, on Thursday afternoon. It had just come from Kuwait and listed its destination as Houston.
TotalEnergies sells Canadian operations to Suncor in deal worth up to $6.1 billion
French company TotalEnergies says it has signed a deal to sell its Canadian operations to Suncor Energy Inc. in an agreement worth up to $6.1 billion.
Under the deal, Suncor will pay $5.5 billion in cash, plus up to an additional $600 million that is conditional on Western Canadian Select benchmark oil pricing and certain production targets.
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Precision Drilling reports $95.8M Q1 profit, revenue up nearly 60% from year ago
Precision Drilling Corp. reported a first-quarter profit compared with a loss a year ago as its revenue rose nearly 60 per cent, helped by stronger drilling activity and price increases in the U.S. and Canada.
Cenovus reports new CEO, Q1 profit down, lowers production guidance and raises dividend
CALGARY– Cenovus Energy Inc., Saskatchewan’s largest oil producer with significant operations in the Lloydminste rarea, delivered upstream production in the first quarter of 779,000 barrels of oil equivalent per day (BOE/d)1 and downstream throughput of 457,900 barrels per day (bbls/d). The company generated $1.4 billion in adjusted funds flow and cash used in operating activities was $286 million. First-quarter results reflect lower commodity prices, reduced production in the upstream business and lower operating throughput in the downstream compared with the fourth quarter. Consistent with Cenovus’s commitment to shareholders, the Board of Directors approved a 33% increase in the company’s base dividend, to $0.56 per share annually starting in the second quarter of 2023.
Trudeau speaks of supplying natural gas to Germany, despite his government killing Energie Saguenay. And he wants to build lots of nuclear, too
OTTAWA - Prime Minister Justin Trudeau wants Canada to produce some of the last barrels of oil to be used, but it should be processed into petrochemicals, not burned. That was part of his response to a student asking about shipping LNG to Canada. His answer...
Top 10 new wells in Saskatchewan in February
Six of these wells, including the No. 1 well, were drilled on the western side of the province. The fact that significant numbers of the top producers were on both the eastern and western sides of the province perhaps is a testament of the diversity of Saskatchewan’s oil resource base,
Peter Zeihan: Can green energy actually work?
Colorado-based Geopolitical strategist Peter Zeihan posts daily newsletters and videos on a variety of topic, from wars to geography to trade. And he talks a lot about energy. Zeihan often describes himself as a “greenie, but one that can count.” As such, he doesn’t get invited to greenie parties.
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Energy Transition Podcast #60: What role for nuclear in the energy transition?
This week on the Energy Transition Podcast, Episode 60: an in-depth talk about the role nuclear power may play in an energy transition.
Democracy, values give West an edge in race for green technology, Trudeau says
Democracies like Canada can be “reliable suppliers” of goods that espouse both environmental sustainability and the rule of law, Prime Minister Justin Trudeau said Monday.
Trudeau spent the day at various events with German President Frank-Walter Steinmeier, who was in Canada for an official visit.
Williston Basin Petroleum Conference is a week away. There’s still time to register
If you have time next week, consider heading to Regina for the Williston Basin Petroleum Conference May 2-3, 2023. You can register here.
New Ontario Volkswagen EV battery plant to create 3,000 jobs
By Mia Rabson, Liam Casey and Jessica Smith The small southwestern Ontario city that gained fame more than a century ago as Canada's railway capital is being remade as "the national anchor" of Canada's electric-vehicle supply chain, Prime Minister Justin Trudeau said...
Haaland defends Willow, says US won’t end oil drilling
Interior Secretary Deb Haaland defended her department’s approval of the contentious Willow oil project on Friday, saying that despite President Joe Biden’s campaign promise to end new drilling on federal lands, “We’re not going to turn the faucet off and say we’re not drilling anymore.”
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At supper on Friday, Alberta’s wind power fell to 7 out of 3,618 megawatts, or 0.19 per cent capacity. Again
The problem is not when you have four tires filled with air on your vehicle, it’s when you have a flat tire. And that was Alberta’s power grid at 6:51 p.m. on Friday, as wind power generation fell to 7 megawatts out of a possible 3,618 megawatts.
And if you’re counting flats, out of the 36 wind farms in Alberta, at that moment, 32 were producing precisely zero power.
Trudeau talks about selling 100 per cent electric cars in just 12 years, and supplying the lithium to build them
Switching Canada over to 100 per cent electric new car sales in just 12 years, and supplying the natural resources to make that happen, were part of Prime Minister Justin Trudeau’s comments on April 13.
2050 a more important climate target than 2030, proponents of carbon capture say
CALGARY — Alberta's new climate plan drew criticism this week for its lack of interim emissions reduction targets, but proponents of carbon capture and storage technology say it's important to be realistic about how quickly major projects can be...
Energy Transition Podcast: #59 Energy Information Agency vs OPEC
This is the Energy Transition Podcast, with weekly Energy Transition podcast with Brazilian engineer Armando Cavanha, American public policy analyst and senior contributor to Forbes magazine, David Blackmon, Oilprice.com writer Irina Slav, and energy security analyst Dr. Tammy Nemeth.
This week, the quartet take on the IEA vs. OPEC.
SaskPower is hosting online “Power Talks” on nuclear, large scale renewables, supply options
SaskPower is hosting an online Energy Education Series – Power Talks, according to the Crown corporation’s website.
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Critical minerals fireside chat focus of CFA Society Saskatchewan Regina dinner May 17
CFA Society Saskatchewan, or Certified Financial Analysts, is taking a deep dive into critical minerals during their annual Regina dinner, to be held May 17.
Moe concerned feds’ ‘social cost of carbon’ could lead to much higher carbon tax, pave way for Clean Electricity Standard impossible for SK to meet
All of this has Moe concerned not only about Guilbeault floating a trial balloon about a possible higher carbon tax, but how this “social cost of carbon” could be used by the federal government as justification for its proposed Clean Electricity Standard. If implemented in its current form, that standard would mean the end of natural gas and coal power production, except in exceptional circumstances, by 2035. There have been numerous days this past winter where up to 86 per cent of Saskatchewan’s power generation came from natural gas and coal combined.
Environment Minister Steven Guilbeault announces “social cost of carbon.” Could this mean a $247/tonne carbon tax?
On Wednesday, April 19, federal Minister of Environment and Climate Change announced a new “social cost of carbon.” In this video post on Twitter, he referenced a newly evaluated “social cost” of $247 per tonne of CO2. He noted that previously the cost of “carbon pollution” had been evaluated at $54 per tonne CO2e, which closely correlated with the original carbon tax level, as it was first announced.
Cost of carbon emissions nearly five times higher than previously thought: analysis
The economic cost of greenhouse gas emissions is nearly five times higher than previously thought, Environment Minister Steven Guilbeault said Wednesday.
The minister told attendees at a climate change conference in Ottawa that the government used updated scientific knowledge and economic models to revise the way it evaluates how much climate change is costing Canadians.
Former consultant to wind industry warns of turbines’ toll on migrant birds in Nova Scotia
Environmental researcher John Kearney says the whirring blades of a proposed 13-turbine wind farm in Nova Scotia may cut greenhouse gases, but the risks they pose to migrating birds are too high.