You can thank potash and oil for that $500 cheque you’ll be getting this fall, but the reason is the war in Ukraine

You can thank potash and oil for that $500 cheque you’ll be getting this fall, but the reason is the war in Ukraine

REGINA – Saskatchewan’s finances are markedly improved since the release of the provincial budget this spring – so much so that the deficit has been wiped out, a billion dollars in debt will be retired, and 900,000 Saskatchewan residents ages 18 and over will be mailed $500 cheques this fall, totaling $450 million.

Those were some of the points made by Saskatchewan Finance Minister Donna Harpauer in her first quarter fiscal update, released on Aug. 23 at the Legislature.

Saskatchewan has been the beneficiary of higher commodity prices due to the Russian war in Ukraine. Asked about that, Harpauer said, “We didn’t create the war. And yes, we are benefiting in our commodities. Commodities are benefiting and we’re not the only jurisdiction that that is.”

Royal Helium found high concentrations of lithium in its Climax-1 well

Royal Helium found high concentrations of lithium in its Climax-1 well

Royal Helium Ltd.  is focused on developing helium in Saskatchewan, and now Alberta, but along the way, it’s found other commodities in its initial exploratory wells.
In addition to recently disclosed gas, Royal announced on Aug. 22 that they have found lithium in their first well – Climax-1.
And that lithium concentration is significant.

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Trudeau questions business case for natural gas exports from Canada to Europe

Trudeau questions business case for natural gas exports from Canada to Europe

Prime Minister Justin Trudeau said the government is open to easing regulatory requirements for projects that would facilitate the export of Canadian natural gas to Europe, but questioned whether a business case exists for such investments.
The comments came Monday during a joint news conference with German Chancellor Olaf Scholz in Montreal as the prime minister hosted the German leader during a visit that will also include stops in Toronto and Newfoundland.

Quick Dick McDick: What is silage?

Quick Dick McDick: What is silage?

Quick Dick McDick explains some basic farming in this episode, talking about silage. He said, "These beautiful critters known as cattle spent their entire summer here in glorious Saskatchewan sequestering carbon in our marginal land. Not only that, they're making sure...

Jordan Peterson: Back off, oh masters of the universe

Jordan Peterson: Back off, oh masters of the universe

Canadian intellectual, author and commentator Dr. Jordan B. Peterson spends a lot of time talking about energy in his Aug. 15 YouTube video entitled Back off, oh masters of the universe. He ties globalization and energy policy, intended to save the world from climate...

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David Yager: It is time to revisit resource corridors

David Yager: It is time to revisit resource corridors

Building anything extending beyond the property line of your backyard has become increasingly difficult if not impossible, be it pipelines, power lines, or even roads.
New acronyms emerged. NIMBY, or Not In My Backyard. More obstacles led to BANANA, Build Absolutely Nothing Anywhere Near Anybody.

With international eyes on Newfoundland’s hydrogen potential, some remain skeptical

With international eyes on Newfoundland’s hydrogen potential, some remain skeptical

As Germany turns to Canada for energy, all eyes are on a cluster of small western Newfoundland towns that could soon be home to two massive wind-powered hydrogen and ammonia projects.

But there is skepticism among observers. Environmentalists worry the provincial government is moving too fast and trying to capitalize on renewable energy at all costs. Others say they feel uncomfortable with the close ties between the premier of the province and a wealthy businessman backing one of the proposals.

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Russia’s Gazprom to shut gas pipeline to Europe for 3 days

Russia’s Gazprom to shut gas pipeline to Europe for 3 days

MOSCOW (AP) — Russia’s state-owned energy company Gazprom said on Friday a key pipeline conveying natural gas to Europe will shut down for three days at the end of this month to undergo “routine maintenance.”

In a statement posted online, Gazprom said that the only operational turbine at a key compressor station along the Nord Stream 1 pipeline, which links Western Russia and Germany, will shut down for routine maintenance from August 31 to September 2.

Halabura leaves Royal Helium to focus on Buffalo Potash; update on Buffalo developments

Halabura leaves Royal Helium to focus on Buffalo Potash; update on Buffalo developments

Sometimes, you can only ride one horse at a time. And for Royal Helium’s vice president of exploration as well as CEO of Buffalo Potash, Steve Halabura, the time is to choose that one horse.

On Aug. 17, Royal Helium announced that Halabura was departing, and would be replaced by Shayne Neigum. Neigum is the new chief operating officer and head of exploration for Royal, the second-most active helium explorer in Saskatchewan. On Aug. 16, the company announced it had reached total depth for its first well in the Val Marie area, after having drilled four near Climax and two near Ogema.

Saskatchewan drilling rig report: 40 rigs working on Aug. 18, with a noticeable uptick in northwest Saskatchewan as Cenovus puts 5 rigs in the field

Saskatchewan drilling rig report: 40 rigs working on Aug. 18, with a noticeable uptick in northwest Saskatchewan as Cenovus puts 5 rigs in the field

Saskatchewan’s drilling rig activity on Aug. 18 saw a substantial uptick in northwest Saskatchewan, according to data from the Canadian Association of Energy Contractors (CAOEC), as published by RiggerTalk.com. On that day, there were 40 rigs working in Saskatchewan. 
Northwest Saskatchewan had 10 rigs going, the most in several years. 

Climate bill’s unlikely beneficiary: US oil and gas industry

Climate bill’s unlikely beneficiary: US oil and gas industry

BILLINGS, Mont. (AP) — The U.S. oil industry hit a legal roadblock in January when a judge struck down a $192 million oil and natural gas lease sale in the Gulf of Mexico over future global warming emissions from burning the fuels. It came at a pivotal time for Chevron, Exxon and other industry players: the Biden administration had curtailed opportunities for new offshore drilling, while raising climate change concerns.

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Judge sides with Enbridge Inc. in Michigan’s latest effort to halt Line 5 pipeline

Judge sides with Enbridge Inc. in Michigan’s latest effort to halt Line 5 pipeline

The international dispute over Line 5 belongs in federal court, a Michigan judge declared Thursday, dealing a critical blow to Gov. Gretchen Whitmer’s bid to shut down the controversial cross-border pipeline. 

It’s the second time in nine months that District Court Judge Janet Neff ruled in favour of pipeline owner Enbridge Inc., which wanted the dispute elevated to the federal level.

North American Helium brings former Weil Helium facility at Mankota back on production

North American Helium brings former Weil Helium facility at Mankota back on production

North American Helium Inc. (NAH) announced on Aug. 17 it has successfully brought its third helium purification facility on production in May with zero operational issues. This facility is located near the Village of Mankota in southwest Saskatchewan.
That facility was built in and operated by Weil Helium in 2016, but had been dormant for several years. North American has recently drilled wells in the vicinity of the processing plant.

Brian Zinchuk: On Aug. 17 Alberta’s now 28 wind farms combined were putting out less power than Boundary Dam Unit 3 with carbon capture

Brian Zinchuk: On Aug. 17 Alberta’s now 28 wind farms combined were putting out less power than Boundary Dam Unit 3 with carbon capture

You would think if they just keep building more wind farms, as both Alberta and now Saskatchewan are doing, they should be spread out enough that if it’s not windy one place, there would be power coming from another.

And you would be wrong.

Sure, that might happen on an average day. But several times this year, as I’ve reported, it’s not windy in all the places Alberta has placed its 28 wind farms. And remember, wind farms are only positioned in places where the wind is expected to blow consistently. It turns out Alberta’s wind is consistently inconsistent.