‘Strong position’: Saskatchewan’s bottom line stable, government posts $1.1B surplus
“We’re seeing oil already dropping significantly from where it peaked earlier in the year. Potash has been more steady, but there still has been some softening,” Harpauer said.
Despite this, she projects Saskatchewan’s economic growth will still be relatively strong next year and the province’s gross domestic product will grow 1.4 per cent in 2023.
TC Energy expects cost of Coastal GasLink pipeline project to rise
The Coastal GasLink pipeline is not the only major energy infrastructure project in Canada to be plagued by cost overruns this year. In February, the company behind the ongoing Trans Mountain pipeline expansion project — which will increase oil transportation capacity from Alberta to the West Coast — announced the new cost of the project is an estimated $21.4 billion, up from an earlier estimate of $12.6 billion.
Enbridge finalizes Woodfibre LNG deal to assume 30 per cent ownership stake
Enbridge Inc. says it has completed a previously announced transaction giving it a 30 per cent ownership stake in the Woodfibre liquefied natural gas (LNG) project.
Patchwork Podcast: Strathcona Resources CEO Rob Morgan
Tracy Klotz and Kurt Price talk with Strathcona Resources president and CEO Rob Morgan on this month’s New Lloydminster Nissan Patchwork Podcast.
Alberta wind power capacity drops to less than 1% yet again, grid alert issued
On Tuesday night, supper time in Alberta was not lit by wind power.
That’s because at 6:18 pm., Alberta’s installed capacity of 3,466 megawatts of wind power generation was producing 24 megawatts.
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Lithium in SK, Part 5: Prairie Lithium – Old wells or new wells?
TORQUAY – Prairie Lithium’s president and CEO Zach Maurer first thought of producing lithium from the produced water that comes from oil wells. But that idea has since evolved into the pursuit of drilling directly for the highest concentrations of lithium. Still, extracting lithium from oil well brines is a possibility, too.
Here’s how Maurer explained it in late September, 2021, while in a shack during the drilling of the first lithium well in Saskatchewan.
Lithium in SK, Part 4: Prairie Lithium pursuing the idea there could be lithium in those brines
Lithium is one of the key resources in the quest for energy transition, and specifically for reduction of greenhouse gas emissions and greater electrification of the global economy. As the lightest metal on the periodic table, it is a key component in battery chemistries, especially in anything that needs to move. There is simply no substitute that can match its lightness – crucial for everything from cellular phones to electric pickup trucks.
While other companies have been active in land acquisition, Prairie Lithium has been leading the charge, out in the field, testing its technology, and, in late September of 2021, it was the first to put a drill bit to rock.
Venezuela’s gov, opponents resume talks; US eases sanction
MEXICO CITY (AP) — Venezuela’s government and its opposition on Saturday agreed to create a U.N.-managed fund to finance health, food and education programs for the poor, while the Biden administration eased some oil sanctions on the country in an effort to boost the newly restarted talks between the sides.
Sober or bright? Europe faces holidays during energy crunch
VERONA, Italy (AP) — Early season merrymakers sipping mulled wine and shopping for holiday decorations packed the Verona Christmas market for its inaugural weekend. But beyond the wooden market stalls, the Italian city still has not decked out its granite-clad pedestrian streets with twinkling holiday lights as officials debate how bright to make the season during an energy crisis.
In cities across Europe, officials are wrestling with a choice as energy prices have gone up because of Russia’s war in Ukraine: Dim Christmas lighting to send a message of energy conservation and solidarity with citizens squeezed by higher utility bills and inflation, while protecting public coffers. Or let the lights blaze in a message of defiance after two years of pandemic-suppressed Christmas seasons, illuminating cities with holiday cheer that retailers hope will loosen people’s purse strings.
EU nations fail to close rift on gas prices as cold sets in
BRUSSELS (AP) — On winter’s doorstep, European Union nations again failed to bridge bitter disagreements over a natural gas price cap Thursday as they struggle to effectively shield 450 million citizens from massive increases in their utility bills.
An emergency meeting of energy ministers only showed how the energy crisis tied to Russia’s war in Ukraine has divided the 27-nation bloc into almost irreconcilable blocs.
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Lithium in SK, Part 3: Crown land sale reveals sixth entrant in Saskatchewan lithium exploration race
This entire large checkerboard of land in the Carlyle/Redves/Alida/SStorthoaks area was permitted by newcomer Flowing Lithium Exploration. Saskatchewan Ministry of Energy and ResourcesREGINA – The Nov. 21 Crown mineral rights sale revealed a sixth entrant in the...
Estevan Meter, Virden Meter and Apollo Electric & Controls unify as PRIMEC Controls
Changing your company’s name after operating 55 years under that title is not an easy decision. Indeed, it took roughly five years to come to that point.
But on Nov. 22, Estevan Meter Services and its sister companies Virden Meter Services and Apollo Electric & Controls announced they would be uniting under one new name and entity. Effective Jan. 1, 2023, they will be known as PRIMEC Controls Corporation, and will be branded as PRIMEC Controls Canada.
Federal consumer carbon price to expand to three Atlantic provinces next summer
Labour Minister Seamus O’Regan, who appeared with Guilbeault at a press conference on Tuesday, was having none of it.
“What I particularly resent is the stoking of drama and anxiety among people, whether it be in my province or any anywhere in the country,” he said.
O’Regan, who represents a St. John’s riding, insisted that carbon pricing isn’t making life less affordable because the rebates are worth more to most people than the carbon prices they will pay — something that has been confirmed by the Parliamentary Budget Officer.
“This is a good plan, and there will be more money in your bank account than there was before, and you will be doing something very effective.”
Royal Helium is getting the money in place to transform from an explorer to a producer
On Nov. 22, Saskatoon-based Royal Helium Ltd. announced it had executed a term sheet with an arm’s length lender to provide a USD $20 million three-year credit facility
Saskatchewan to regulate all large emitters after Ottawa approves carbon pricing plan
All large greenhouse gas emitters in Saskatchewan will soon be regulated by the provincial government after Ottawa ruled the plan meets national standards.
Saskatchewan and Ottawa jointly announced Tuesday that the federal output-based pricing system for industry will no longer apply in the province starting in 2023.
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Crude oil tumbles on report that OPEC plus could hike production
Crude oil prices slumped to a 10-month low Monday morning before rebounding at midday, adding to the volatility that has dogged the Canadian energy sector recently.
The benchmark West Texas Intermediate plunged by as much as US$5 in the early part of the day, trading as low as US$75 in reaction to a Wall Street Journal report saying Saudi Arabia and other OPEC-plus countries may increase oil output by up to 500,000 barrels per day at their Dec. 4 meeting.
Letter to the editor: 25,000 years from now, most of Canada will likely be covered by ice sheets, again. As it was 25,000 years ago
Re: The Canadian Press op-ed: Ending the climate crisis has one simple solution: Stop using fossil fuels, published Nov. 15. First off, there is no climate crisis. We do have a crisis in critical thinking, integrity, and corruption. There is zero evidence that CO2 is...
Jordan B. Peterson interviews Alberta Premier Danielle Smith in “Showdown with Ottawa”
Jordan B. Peterson goes into great depth with new Alberta Premier Danielle Smith about all things energy for most of the first half of the interview. They talk about building a corridor from Fort McMurray, across Saskatchewan to Churchill or Fort Nelson, and sending Manitoba hydro power back the other way.
She also talks about how “we’re never going to get to 100 per cent renewable. I may as well put that on the table.”
Quick Dick McDick: A video about nothing
Just a quick update from Quick Dick McDick. It’s a harrowing experience for all of you.
Shawcor sells oilfield asset management business in deal worth at least $15M
On Nov. 18, Shawcor Ltd. announced that it has sold its oilfield asset management (OAM) operating unit to Force Inspection Services Inc., in a transaction generating at least C$15 million in gross proceeds.
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Climate compensation fund approved, other issues up in air
SHARM EL-SHEIKH, Egypt (AP) — Negotiators early Sunday approved a historic deal that would create a fund for compensating poor nations that are victims of extreme weather worsened by rich countries’ carbon pollution, but an overall larger agreement still was up in the air because of a fight over emission reduction efforts.
After that vote, talks on other aspects of the negotiations were put on hold while delegates were given 30 minutes to read texts of other measures they were to vote on.
Last minute objections threaten historic UN climate deal
By Seth Borenstein, Samy Magdy And Frank Jordans in Sharm El-sheikh SHARM EL-SHEIKH, Egypt (AP) — A last minute fight over emissions cutting and the overall climate change goal is delaying a potentially historic deal that would create a fund for compensating...
Feds announce another $1.2 billion for ocean cleanup and protection
The federal government has announced an investment of another $1.2 billion in its Ocean Protection Plan for 29 projects involving ocean safety, science and environmental safeguards.
Federal Transport Minister Omar Alghabra made the announcement on the waterfront in Vancouver’s Stanley Park, saying the government is building on six years of work together with Indigenous Peoples and other coastal communities.
Lithium in SK, Part 2: Saskatchewan government launches lithium incentives
Saskatchewan has a new opportunity to be part of the electrification revolution, but how will help out the fledgling lithium industry? The same way it is helping helium, oil and gas.
On Nov. 7, Minister of Energy and Resources Jim Reiter announced Saskatchewan would be extending its go-to incentive programs to lithium. The programs are the Oil and Gas Processing Investment Incentive (OGPII) and Saskatchewan Petroleum Innovation Incentive (SPII).
And, apparently, they work, as industry leader Prairie Lithium has already successfully taken advantage of SPII.
Lithium in SK Part 1: As the race for lithium takes off, Saskatchewan is seeing the dawn of a new industry
If you’re reading this on your phone, tablet or laptop, it is being powered by a lithium battery. If you plan on ever owning an electric vehicle, it is almost certainly going to use a lithium battery, and a very large, heavy one at that. But actually, since it’s made of lithium, it will be lighter than any other battery commercially viable at this time.
And that’s why lithium is so important. And Saskatchewan is poised to play a major role.
This is going to be the most in-depth coverage regarding the development of Lithium in this province. There’s going to be well over a dozen stories. Once you’ve read them all, you’ll have a really good idea of just what exactly is going on in the race for lithium.