Energy price volatility to continue in 2023 amid geopolitical uncertainty: Deloitte
Energy prices will likely be volatile in the first quarter of 2023 as geopolitical uncertainty continues, Deloitte said.
Global factors including the war in Ukraine and China’s rocky COVID reopening will continue to contribute to tension between supply and demand, according to the firm’s energy, oil and gas price forecast released Monday.
EPA, pipeline operator reach deal to clean up Kansas spill
MISSION, Kan. (AP) — The Environmental Protection Agency announced Monday that it has reached an agreement with a pipeline operator to clean up a spill that dumped 14,000 bathtubs’ worth of crude oil into a rural Kansas creek.
The agency said in a news release that the Dec. 7 rupture of the Keystone pipeline affected 3 1/2 miles of the creek as it flows through rural pastureland in Washington County, about 150 miles (240 kilometers) northwest of Kansas City.
As ‘Three Amigos’ meet in Mexico, experts call on leaders for North American vision
Prime Minister Justin Trudeau arrives later Monday in Mexico City, where he’ll take part in an afternoon discussion with business leaders from across the continent before the summit gets underway in earnest Tuesday.
While Trudeau is airborne, Joe Biden — fresh from his first presidential visit to the politically fraught southern border — will sit down for a bilateral meeting with Mexican counterpart Andrés Manuel López Obrador.
Brian Crossman: Time to pull out the Magic Eight Ball and make some 2023 predictions
What will happen over the next twelve months? How does one prepare for events yet to transpire? Luckily for ya’ll, I will once again attempt to predict what going to happen in 2023. I tried this last year, with, uh mixed results. So once again, with the help of the “Fantasmical Prognostication Machine” AKA, my management decision making device AKA, my “Magic Eight Ball TM” we shall give it a whirl.
Lloydminster Upgrader expected to return to full rate by mid-January, says Cenovus
CALGARY — Cenovus Energy Inc. provided an update on Jan. 8 regarding its downstream operations following recent extreme winter storms and severe cold temperatures at the company’s U.S. and Canadian refining operations, coupled with unplanned operational challenges and third-party pipeline outages, which impacted refinery throughput and operational availability.
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Japan PM visit could highlight LNG needs, as Tokyo pushes away from Russia and China
Japanese Prime Minister Fumio Kishida’s first official visit to Canada will take place next week, as Tokyo looks to Canada to provide much-needed liquefied natural gas.
Ukrainian Christmas, in Canada, for refugees who have fled here
Today, Jan. 7, is what in Saskatchewan is commonly called “Ukrainian Christmas.” Really, it’s the celebration of Christmas based on the Julian calendar, followed by the Ukrainian and Russian Orthodox Churches.
The big event is Christmas Eve, on Jan. 6, with its 12 traditional meatless dishes. But this year, due to the war in Ukraine which started last February, there are a lot more Ukrainians who have celebrated their first Christmas here, in Canada.
Company operating Hibernia offshore oil platform challenging oil spill charges
A tug positions itself near the base of the Hibernia platform in Bull Arm, Trinity Bay, N.L., Thursday, May 22, 1997. The company that operates the oil platform has pleaded not guilty to three charges related to a 2019 oil spill off the east coast of Newfoundland. THE CANADIAN PRESS/Jonathan Hayward
Vermilion Energy raises quarterly dividend, plans $570M capital budget for 2023
Vermilion Energy Inc. raised its dividend by 25 per cent as it announced a $570 million capital budget for 2023.
The company says it will now pay a quarterly dividend of 10 cents per share, up from eight cents per share, and resume share buybacks.
Nemeth Report Podcast: Digging into energy absurdities with David Blackmon
Energy analyst Tammy Nemeth, originally from Saskatchewan but now in Oxford, England speaks to David Blackmon, principal ad DBEnergyAdvisors. Blackmon regularly posts about “energy absurdities” on social media.
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EU hails high gas storage levels despite Russian cuts
BRUSSELS (AP) — Natural gas storage levels in the European Union stand at nearly 84% and were higher in December than the average amount in reserve 4-6 years ago, the EU’s executive branch said Wednesday, despite Russian attempts to choke off supplies amid its war on Ukraine.
Brian Zinchuk on Gormley: Oil prices, drilling, helium, lithium, nuclear
On Wednesday, Jan. 4, Pipeline Online editor Brian Zinchuk appeared on CJME/CKOM's John Gormley Live for the usual monthly update. This month, we start off with oil prices, drilling, then helium, lithium and nuclear. [fwduvp preset_id="brian" playlist_id="ad1"...
1st tanker carrying LNG from US arrives in Germany
The first regular shipment of liquefied natural gas from the United States arrived in Germany on Tuesday, part of a wide-reaching effort to help the country replace energy supplies it previously received from Russia.
The tanker vessel Maria Energy arrived at the North Sea port of Wilhelmshaven, where its shipment of LNG will be converted back into gas at a special floating terminal that was inaugurated last month by German Chancellor Olaf Scholz.
David Yager: 2022 – the year fossil fuels once again became a preferred source of reliable, affordable energy
The global energy complex is under assault by Russia’s invasion of Ukraine, the exposed shortcomings of wind and solar, years of underinvestment in fossil fuels, and rising inflation and interest rates.
But for the past ten years, there has been an all-out crusade against fossil fuels. Oil company CEOs were branded climate criminals. It was morally reprehensible to own fossil fuel company shares or loan money to oil, gas or coal producers. Elections were won in Canada, the US and in Europe on pledges to replace fossil fuels.
Canadian oilpatch likely to surpass 2022’s production record, but only slightly
CALGARY — Canadian oil and gas companies are expected to increase spending in 2023, but analysts say it will be another year of modest growth and not a return to boom times.
For Canada’s energy industry, 2022 was the year that finally snapped a decade of weak commodity prices and brought prosperity back to the sector. With the lifting of global pandemic restrictions, the war in Ukraine, and the cumulative impact of years of under-investment in oil and gas, energy prices hit record highs in 2022 and Canadian companies reaped record profits.
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Obituary: Brad Stroud, pipeliner, passes away at 67 in Yorkton. There would be no Pipeline Online without him
Editor’s note: Brad Stroud of Yorkton may not have run an oil company, or invented some new device or process. He was a humble man who was a blue collar worker all his life, much of it spent in the oilpatch, working on the Regina upgrader, numerous pipelines, services rigs, cranes, and the Fort McMurray oilsands. He was a generous man, whose Christian faith led him to help others in need, anonymously but generously.
Without him, Pipeline Online would not exist.
Year End with Premier Scott Moe, Part 4: Lithium, helium, rare earth elements, oil
Pipeline Online editor Brian Zinchuk spoke with Premier Scott Moe on Dec. 12 in a year-end interview. In Part 4, Moe discussed lithium, helium, rare earth elements, potash, copper, uranium and agriculture value-added processing. “We have the fuel of today, but also the fuel of tomorrow, in our province,” Moe said. Also, Moe is asked about provincial geologists who’ve done pioneering work in these areas.
Year End with Premier Scott Moe, Part 3: Investment reluctance, LNG and Germany, nuclear
Pipeline Online editor Brian Zinchuk spoke with Premier Scott Moe on Dec. 12 in a year-end interview. In Part 3, Moe discussed how companies are reluctant to invest in oil and gas due to the federal government, Germany being snubbed on LNG, making a decision on nuclear sooner than later, impacts on Estevan Coronach and Elbow, and Clean Electricity Standard
Year End with Premier Scott Moe, Part 2: oil prices, differentials, federal issues, pipelines and immigration
Pipeline Online editor Brian Zinchuk spoke with Premier Scott Moe on Dec. 12 in a year-end interview. In Part 2, Moe discussed the war in Ukraine is not over, but oil prices are lower than they were before it started, federal government causing a lack of investment in oil, oil price differentials, pipelines, crude-by-rail, immigration and birth rates.
Year End with Premier Scott Moe, Part 1: Energy security; war in Ukraine; wind, solar and coal power
Pipeline Online editor Brian Zinchuk spoke with Premier Scott Moe on Dec. 12 in a year-end interview. In Part 1, Moe discussed energy security, the war in Ukraine, power production with renewables and coal, and Saskatchewan First Act.
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King Charles salutes late queen, public workers in speech
LONDON (AP) — King Charles III evoked memories Sunday of his late mother, Queen Elizabeth II, as he broadcast his first Christmas message as monarch in a speech that also paid tribute to the “selfless dedication” of Britain’s public service workers, many of whom are...
Quick Dick McDick: Rockin’ around the granary – Merry Christmas from Pipeline Online and QDM
Quick Dick McDick is rockin’ around the granary this Christmas. This is probably the next Christmas classic.
TC Energy: Regulators OK reopening of Kansas pipeline segment
TOPEKA, Kan. (AP) — The operator of a pipeline that spilled about 14,000 bathtubs’ worth of heavy crude oil into a northeastern Kansas creek said Friday that it has permission from U.S. government regulators to reopen the repaired segment where the rupture occurred.
Canada-based TC Energy did not say exactly when it would reopen the section of its Keystone pipeline system from Steele City near the Nebraska-Kansas border to Cushing in northern Oklahoma. The company said it will have crews working through the Christmas holiday and also conducting “rigorous testing and inspections.”
Royal Helium reworks its financing, will use money to fund first helium production facility at Steveville, Alta.
Royal Helium Ltd. announced on Dec. 21 that it has signed term sheets with the Business Development Bank of Canada and a Schedule 1 Bank, acting pari passu for a non-revolving credit facility in the amount of C$15,000,000.
Patchwork Podcast: Year in review with Adam Waterman, talking about The Good, The Bad and The Ugly
Between the turkey and the fixings, find time to watch or listen to this month’s Patchwork Podcast, from New Lloydminster Nissan. Adam Waterman of Baytex Energy joins Kurt Price and Tracy Klotz in the last Patchwork of the year.