Brian Zinchuk: The Saskatchewan First Act is about power production and farming production, and not using kerosene lamps
We finally got to see what Saskatchewan Premier Scott Moe is talking about, with regards to taking on the federal government’s climate change initiatives. And it’s a constitutional swing for the fences.
What was remarkable, however, is how rest of the media didn’t seem to fully get it.
None seemed to truly understand what this act is about. Maybe they didn’t read the whole act.
I did. Every word. And so can you, here.
Saskatchewan drilling rig report: the juniors are back in the game
ESTEVAN – The drilling rig report of Tuesday, Nov. 1, shows a noticeable uptick of involvement by small junior producers getting back into the drilling game, both in west central and southeast Saskatchewan. It also marks a big pickup for activity in the northwest from the big players in that area. That’s according to data from the Canadian Association of Energy Contractors, as published by RiggerTalk.com.
Biden paints oil firms as war profiteers, talks windfall tax
WASHINGTON (AP) — President Joe Biden on Monday accused oil companies of “war profiteering” as he raised the possibility of imposing a windfall tax on energy companies if they don’t boost domestic production.
Biden in brief remarks criticized major oil companies for making record-setting profits while refusing to help lower prices at the pump for the American people. The president suggested he will look to Congress to levy tax penalties on oil tax companies if they don’t begin to invest some of their profits in lowering costs for American consumers. The president issued the warning just days before the Nov. 8 midterm elections.
‘Money for free’: Critics warn proposed Alberta well cleanup plan a royalty giveaway
EDMONTON — Critics fear Alberta’s new United Conservative premier is preparing to bring in a program that would use billions of dollars in taxpayer-funded royalty breaks to subsidize energy companies to fulfil their legal duty and clean up old wells.
The so-called RStar proposal, developed by an industry group, has been criticized by legal experts, energy economists and the province’s own internal analysts.
Details on SaskPower’s proposed 100 megawatt solar facility at Estevan, plus a bonus up to 10 megawatt pilot project on mined land
ESTEVAN – SaskPower held a two day open-house regarding at proposed 100 megawatt solar facility on Oct-26-27 at the Estevan Legion Hall.
In actuality, it’s not just a single project of 100 megawatts, but two projects – a 100 megawatt solar facility and a secondary, up to 10 megawatt pilot project.
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Oil giants rake in steep profits amid high energy prices
By Cathy Bussewitz Oil companies brought in staggering profits once again as people worldwide struggled with high gasoline and energy prices. Exxon Mobil broke records with its profits in the third quarter, raking in $19.66 billion in net income....
Imperial ‘striking a balance’ between shareholder returns and capital spending: CEO
Imperial Oil Ltd. announced Friday that it is raising its quarterly dividend by nearly 30 per cent and also plans to buy back up to $1.5 billion worth of shares — further evidence that shareholders of Canadian oil and gas stocks are reaping the benefits of 2022’s global energy crisis.
Guilbeault slams oilpatch for raking in cash and sitting idle on climate action
OTTAWA — The federal environment minister is calling out Canada’s oil companies for failing to put cash behind their promises to tackle climate change.
Steven Guilbeault says the country’s major oil players have promised to do something about greenhouse gas emissions, but instead have funnelled most of their record-breaking profits to shareholders.
This is at least the third time in the last six months Guilbeault’s frustration has spilled over as oil company profits soar. This time his critiques came in the form of a video posted to Twitter as major petroleum producers began releasing their third-quarter earnings.
Deborah Jaremko: A Matter of Fact: European Parliament is wrong to endorse ‘fossil fuel non-proliferation treaty’
The European Parliament is endorsing a dangerous and misguided “fossil fuel non-proliferation treaty” that would cause harm to people around the world.
The political forum is recommending that European Union member states phase out fossil fuels as soon as possible and stop all new investments in fossil fuel extraction.
The implication of the “treaty” is that ongoing use of oil and gas is an imminent threat to human society as bad as the atomic bomb.
That is wrong.
Brian Zinchuk: Schlumberger changes its name to SLB, part of the Get Woke, Go Broke movement
“Net zero.” “Decarbonize.” Changing their names to meaningless letters. Why do these terms and actions, from these utter behemoths of the oil industry, bring to mind the phrase, “Get woke, go broke?”
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Ottawa waiting on draft proposals from provinces for $250-million home heating fund
HALIFAX – Environment and Climate Change Canada says it’s still waiting for draft proposals from most provinces on administering a $250-million home heating assistance program announced six weeks ago.
The four-year program that includes about $120 million for Atlantic Canada was announced by the federal department on Sept. 15.
Precision Drilling returns to profitability as oil and gas sector picks up pace
Increased activity in the North American oil and gas sector helped Calgary-based Precision Drilling Corp. return to profitability during the third quarter of 2022, even as the drilling and service sector as a whole struggles with ongoing labour shortages.
Precision — the largest drilling rig contractor in the country — reported a third-quarter profit of $30.7 million for the three months ended Sept. 30, compared with a loss of $38 million a year ago, as its revenue gained 69 per cent.
The rise, and perhaps fall, of fracking in southeast Saskatchewan? Crescent Point starts drilling Viewfield Bakken wells without fracking them
CALGARY – If you were to ask someone what two technologies resulted in Saskatchewan’s “Bakken Boom,” the answers would surely be horizontal drilling and multi-stage fracking. Occasionally more legs, but especially more frac stages, were key.
It now appears that Crescent Point Energy Corp., which, through dozens of acquisitions, consolidated most of the Viewfield Bakken, is experimenting with moving away from fracking in that play.
Suncor to acquire Teck Resources’ stake in Fort Hills oilsands project for $1B
CALGARY — Suncor Energy Inc. will buy out Teck Resources Ltd.’s 21.3 per cent stake in the Fort Hills oilsands project for approximately $1 billion, the two companies announced late Wednesday.
Crescent Point Energy reports Q3 profit up from year ago, announces special dividend
Crescent Point Energy Corp. announced a special dividend for shareholders Wednesday, as continued high oil prices helped the Calgary-based oil and gas company deliver a five-fold increase in profits in its third quarter.
Crescent Point, which has drilling operations in Alberta, Saskatchewan and North Dakota, reported third-quarter net income of $466.4 million, up from $77.5 million in the same quarter last year
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Throne speech’s Saskatchewan First Act brings teeth to Moe’s bite on climate change fight with feds
Carbon offset credits from farming to be implemented, reducing other sectors carbon burden REGINA – The Saskatchewan First Act, a made-in Saskatchewan carbon offset credit program, continuing work on small modular reactors and development of substantially more...
Some days, the wind actually does blow in Saskatchewan. Wind power generation on Oct. 23 peaked at 94% capacity
REGINA – There are some days where the wind simply doesn’t blow. And there are some days where it does, and pretty hard, at that.
Oct. 23 was one of those days.
Patchwork Podcast: RiggerTalk.com’s Chris Zavlanos
Kurt Price and Tracy Klotz speak to Chris Zavlanos with RiggerTalk.com on the New Lloydminster Nissan Patchwork Podcast.
Parkland to partner with U.S.-based FreeWire on EV charging network
CALGARY — Parkland Corp. says it has signed a deal with California-based EV charging technology company FreeWire.
Calgary-based Parkland says it will install FreeWire’s battery-integrated ultra-fast EV chargers across its previously announced EV charging network at On The Run convenience stores in B.C.
New Brunswick throne speech pledges more work to improve health care and education, and a turn to natural gas
New Brunswick's Progressive Conservative government promised in a throne speech Tuesday that measures are coming to improve health care and education as the legislature begins a new session. In a speech delivered by Lt.-Gov. Brenda Murphy, the government of...
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Quick Dick McDick: How to smoke a meatloaf. And no, not the singer kind
In this spell-binding episode, Quick Dick McDick’s been snowed out, so he takes to the kitchen and smoker to make two flavours of meatloaf, made with Saskatchewan beef.
“Maybe your meatloaf wants to identify as an octagon? Find a container. Make it happen. Let your meatloaf be who it wants to be,” said Quick Dick.
Brian Crossman: The Future (Hint: it’s Saskatchewan)
The future is a pretty big place. Huge. Ginormous. (Is that a word?) So where does the energy industry fit in? How are we to adapt to a future that seems to be without a standard of living that we are used to? A future they tell us is supposedly without fossil fuels, coal, natural gas, gasoline, diesel and kerosene. (Those passenger planes love that kerosene to stay in the air) When I stop in at the local coffee shop (The Beefeater in Estevan to be precise) to solve all the world’s problems, these are topics that remain front and center. For obvious reasons, the energy industry is always in the mix, along with tax dollars (Mismanagement of said dollars) poor political decisions, coal vs nuclear, how the Estevan Bruins are doing, and that three-legged cat Mike seen on Third Street last week. There are plenty of issues to discuss and problems to solve. (“Who is going to stop Putin?” is popular, too.)
Eco-activist David Suzuki to retire from CBC’s ‘The Nature of Things’ in the spring
VANCOUVER - Eco-activist David Suzuki says it's time for him to pass the mantle to a new host of CBC’s “The Nature of Things.” The 86-year-old environmentalist and science broadcaster said Monday that he has been gradually been shifting away from actively...
Moe touts Saskatchewan role in global energy, food security during business speech
By Kelly Geraldine Malone in Saskatoon Premier Scott Moe touted Saskatchewan’s economic prosperity driven by windfall resource revenues in a speech to business leaders while also signalling the federal government would remain a main focus for the...
David Yager: Alberta petroleum, politics and prosperity – an historical perspective
The political success of Alberta premiers dating back 50 years has been closely linked to the oil and gas business and federal/provincial relations.
Premiers fortunate enough to be in office when the oilpatch and economy were booming were popular and won multiple elections. Challenging the federal government when its policies negatively affect Alberta has been a reliable vote-getter, especially when it involves resources.
Those who were in office when Alberta’s main industry was struggling, or were seen as cooperating with Ottawa when its policies negatively affected oil and gas, have not been treated as kindly.