Oil could be headed back to US$100 a barrel this year: Industry experts
A surprise production cut by the Organization of Petroleum Exporting Countries and its allies (OPEC plus) is just one factor lifting the spirits of Canada’s energy sector executives these days, as experts say crude prices could return to US$100 a barrel later this year.
“Buoyant” and “extremely positive” were some of the terms used by CEOs on Tuesday to describe the mood at a major oil and gas conference in Toronto, which took place just two days after the unexpected move by OPEC sent oil futures surging.
Letter to the Editor: SaskPower didn’t come up with its coal transition plans overnight
This transition, this plan, is not new for SaskPower. They undoubtably had to have been working on transition plans for many years. These projects don’t just come up over night.
One Alberta coal unit put out 26.4x the amount of power of the entire fleet of hundreds of wind turbines
At 1:36 p.m., Alberta saw its wind power generation drop to 14 megawatts out of 3,618. That’s 0.38 per cent of nameplate capacity, or 38 ten-thousandths.
Op-Ed: Saskatchewan Coal Transition Centre: Sabotaging our future: How SaskPower’s $1 billion scheme to import power from the U.S. will devastate Estevan and leave Saskatchewan’s economy vulnerable
SaskPower’s plan to replace clean, reliable and affordable coal-fired power from Estevan’s Boundary Dam with 650 MW of power from the Southwest Power Pool in the U.S. starting in 2027, will not only cost Saskatchewan residents a billion dollars, it will also devastate Estevan and put the entire provincial economy at risk. We hope that SaskPower has considered the following:
Oil prices soar on producer output cuts; World shares higher
Oil prices soared nearly 6% on Monday after Saudi Arabia and other major oil producers said they will cut production by 1.15 million barrels per day from May until the end of the year. Shares in Asia were mixed.
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Ovintiv signs deal to buy Midland Basin assets for US$4.275B, selling Bakken assets
Ovintiv Inc. has signed a deal to buy a portfolio of assets in the Midland Basin in Texas in an agreement valued at US$4.275 billion in cash and shares.
SaskPower wants 3,647 megawatts of wind and solar. But early this morning, Alberta’s 4,783 MW of the same produced just 29 MW
Wind was producing 0.8 per cent of its 3618 megawatts of nameplate capacity. When you add wind and solar, it was 0.6 per cent of total 4783 megawatts of wind and solar nameplate capacity.
But SaskPower is aiming to build a similar amount of wind and solar. What will it mean for us?
Quick Dick McDick: Trudeau’s Federal Carbon Tax
Quick Dick McDick chose to release this on April 1, April Fool’s Day. Why? Because that’s the day the federal carbon tax went up, again, this time by $15 per tonne to $65 per tonne of CO2 equivalent. (That’s a 30% increase, if you were counting).
For want of a pipeline: Canadian LNG should power low-carbon revolution, report says
As the world struggles to find the right balance between a carbon-free future and a present that still runs on fossil fuels, Canada could be leveraging its natural-gas riches to help fuel both, a new report suggests.
The report, to be released Monday by the Canadian Chamber of Commerce, urges the federal government to finally get serious about building the infrastructure necessary to fast-track the extraction and export of liquid natural gas.
Six months of detailed analysis of SaskPower’s generation mix: We’re going to need a lot of reactors
Six months of daily electricity data in Saskatchewan has been compiled and visualized by Brahm Neufeld, an engineer from Saskatoon. Last fall he launched a Twitter account @SkElectricity, logging and detailing SaskPower’s daily power generation output. Data is collected daily from SaskPower’s “Where Our Power Comes From” dashboard.
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Enbridge plans to partner on clean ammonia facility in Corpus Christi, TX
Enbridge Inc. says it has signed a letter of intent with Yara Clean Ammonia to jointly develop a blue ammonia production facility at the Enbridge Ingleside Energy Centre near Corpus Christi, Texas.
Patchwork Podcast: Orion Machining in Lloydminster
Join Kurt Price and Tracy Klotz as they go live from Orion Machining in Lloydminster for the Patchwork Oil and Gas show.
‘Why don’t you fight for what we have, and what works?’ SaskPower holds open house in Estevan on $1 billion interconnect with US, solar and nuclear
This story is long, but worth it, especially if your livelihood is impacted by coal mining or power generation. Pipeline Online goes deep into the weeds with SaskPower on its plans for a 650 megawatt interconnect with the US., solar, nuclear power, backup generation for days the sun doesn’t shin and the wind doesn’t blow, carbon capture plans (or lack thereof), and more. And some of the public’s reaction is pretty raw.
Verbatim: NDP grilled SaskPower and minister on billion dollar powerline interconnect with the US
The following is a Hansard excerpt of the Crown and Central Agencies Committee of the Legislature on Dec. 20, 2022. In that discussion, NDP SaskPower Critic Aleana Young asked Crown Investments Corporation Minister Don Morgan about the interconnect’s cost.
To put this into context, you really want to read the related story: ‘Why don’t you fight for what we have, and what works?’ SaskPower holds open house in Estevan on $1 billion interconnect with US, solar and nuclear
Don’t slow walk critical minerals development, says NDP finance critic, regarding 2023 provincial budget
Don’t slow walk critical minerals.
That was part comments from New Democratic Party Finance Critic Trent Wotherspoon in reaction to the March 22 provincial budget. He spoke to Pipeline Online by phone on March 23, offering his thoughts on the budget’s energy initiatives.
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UFA opens Weyburn and Yorkton sites, Saskatoon next
UFA has recently fully opened to new cardlock locations in Saskatchewan, at Weyburn and Yorkton. Both are on the northwest corner of their respective cities, with Weyburn’s just off Highway 39 and Yorkton’s off Highway 16.
Judge orders US to resume oil, gas leasing in North Dakota
A federal judge has ordered the U.S. government to resume oil and gas lease sales on federal lands in North Dakota, even as a legal battle continues over the Biden administration’s decision to pause the leasing program two years ago in an effort to combat climate change.
Lithium in SK, Part 17: Lithium prices have come down … to only US$70,000 a tonne. A decade ago, they were US$7,000
Let’s put this in perspective: Around 2012, I wrote my first story on lithium, and at the time the prices had recently tripled to around $7,000 a tonne. In the fall of 2021, when Prairie Lithium (which this week was acquired by Arizona Lithium) was drilling the first targeted lithium well in Saskatchewan, the price was $21,000 a tonne. By the next spring, it was $65,000 a tonne.
Feds outline $83B in clean economy tax credits in bid to compete with U.S. incentive
Serious money is heading for Canadian industries looking to reduce emissions after the federal government unveiled its answer to the U.S. Inflation Reduction Act.
The spending commitments announced in Tuesday’s federal budget include tax credits for investments in clean electricity, clean-tech manufacturing, and hydrogen that together are expected to cost some $55 billion through to the 2034-35 fiscal year.
Budget 2023 gives boost to dental care, green economy while searching for savings
By Mia Rabson in Ottawa Finance Minister Chrystia Freeland's 2023 federal budget promises "transformative investments" in Canada's green economy as the country tries to maintain its place in the global clean tech revolution and realign its supply chains...
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Crescent Point to buy Spartan Delta Corp.’s Montney assets in $1.7-billion deal
Crescent Point Energy Corp. has reached a deal to buy Spartan Delta Corp.’s Montney oilfield assets in Alberta for $1.7 billion, a deal that will see the Calgary-based company significantly grow its presence in what is one of North America’s largest unconventional petroleum plays.
The all-cash deal announced Tuesday will see Crescent Point acquire 600 drilling locations in the Montney region, adding 38,000 barrels of oil equivalent per day (boe/d) to the company’s production capacity.
To provide the building blocks of 21st century technology, Saskatchewan releases Critical Mineral Strategy
Critical minerals, the crucial ingredients for everything from cellphones to electric vehicles, are all the rage right now. And in a global race, Saskatchewan is staking its claim, figuratively and literally, in the development of many of these critical minerals.
On Monday, March 27, the Government of Saskatchewan has launched Securing the Future: Saskatchewan’s Critical Minerals Strategy to drive growth and development of the sector in the province.
As SaskPower talks about new solar, nukes and a transmission line to the U.S., wind power drops to 3.6% output the next day
For two days, SaskPower held open house session in Estevan about future projects planned for the area, including a 650 megawatt bi-directional power line connecting to the United States, possibly two nuclear reactors, and a 100 megawatt solar farm. SaskPower officials also spoke of an additional 3,000 megawatts of wind and solar power to be constructed by 2035. (Watch for a detailed story on Wednesday)
The next day, on March 25, SaskPower’s “Where Your Power Comes From” web page listed just how much power was produced by wind. And it wasn’t much.
Lithium in SK, Part 16: Arizona Lithium closes Prairie Lithium deal
Arizona Lithium Limited (AZL), an Australian company whose key focus up until now has been the sustainable development of the Big Sandy Lithium Project in Arizona, announced on March 27 that it has completed the acquisition of Emerald Park-based Prairie Lithium Corporation.
Flow through shares would be great, if only they applied to helium exploration, says Royal Helium CEO
Saskatchewan’s Critical Mineral Strategy announced on March 27 will help out helium explorers like Royal Helium in attracting capital to the province, but not in flow through shares. At least, not yet. Things might change on Tuesday.