Norway hits export record amid soaring gas prices
STOCKHOLM (AP) — Norway’s exports reached a record in July, driven mainly by natural gas prices that have soared since Russia’s invasion of Ukraine.
The Scandinavian country’s statistics agency on Monday said Norwegian exports reached 229 billion kroner ($24 billion) last month, 0.4% higher than the previous record set in March this year.
New climate deal spurs hopes of more carbon storage projects
GILLETTE, Wyo. (AP) — The rolling prairie lands of northeastern Wyoming have been a paradise of lush, knee-deep grass for sheep, cattle and pronghorn antelope this summer.
But it’s a different green — greener energy — that geologist Fred McLaughlin seeks as he drills nearly two miles (3.2 kilometers) into the ground, far deeper than the thick coal seams that make this the top coal-mining region in the United States. McLaughlin and his University of Wyoming colleagues are studying whether tiny spaces in rock deep underground can permanently store vast volumes of greenhouse gas emitted by a coal-fired power plant.
Quick Dick McDick: Tuffnell at Ten takes on shutting down coal-fired power here to buy it from US, finance minister and Gov. Gen. travel, handgun ban
At 7:20 Quick Dick picks up on a story and column run by Pipeline Online talking about how SaskPower will be building a powerline to North Dakota to backfill our power supply with coal-fired, carbon-tax-free power while we shut down our own coal-fired power plants.
He decides to beat his head against the wall while everybody figures out why we’re going broke as a country, as a result.
High oil prices help Saudi Aramco earn $88B in first half
DUBAI, United Arab Emirates (AP) — Saudi energy company Aramco said Sunday its profits jumped 90% in the second quarter compared to the same time last year, helping its half-year earnings reach nearly $88 billion. The increase is a boon for the kingdom and the crown...
Ian Madsen: Lessening Saskatchewan’s Reliance on Commodity Bonanzas
The Saskatchewan government should take a leaf from resource-dominated states south of the border and proactively enact legislation that compels government agencies to not do business with financial firms or other corporate entities that discriminate against firms engaged in lawful activity in energy, mining, forestry, agriculture and related sectors, under the guise of a pernicious form of green social credit scoring called ‘ESG’: Environmental, Social and Governance standards created by outside, often anti-business and anti-growth interest groups.
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Senate climate bill has West Virginia written all over it
The sprawling economic package passed by the U.S. Senate this week has a certain West Virginia flavor.
The package, passed with no Republican votes, could be read largely as an effort to help West Virginia look to the future without turning away entirely from its roots.
The bill contains billions in incentives for clean energy — while also offering renewed support for traditional fuel sources such as coal and natural gas — as well as big boosts for national parks and health care for low-income people and coal miners with black lung disease. That’s no accident. Most provisions were included as the price the Democrats had to pay to win the all-important support of Sen. Joe Manchin of West Virginia, who says they will help folks back home.
Oil shipments from Russia resume to Czechia
PRAGUE (AP) — Oil shipments from Russia through a critical pipeline to Czechia resumed Friday after more than a week, the Czech pipeline operator Mero said. Czechia became the last central European country after Slovakia and Hungary to receive deliveries from...
Judge revives Obama-era ban on coal sales from US lands
Chief Judge Brian Morris, the judge whose rulings were a major factor in the killing of the Keystone XL pipeline project, has reinstated an Obama-era moratorium on coal leasing from federal lands.
Canada considered jobs, inflation in decision to return Russian turbine: documents
Global Affairs Canada considered the impact on Canadian jobs and global inflation when making a decision to return a turbine being repaired in Montreal to a Russian energy giant, a newly released document shows.
The “memorandum for action” prepared by Global Affairs recommended Foreign Affairs Minister Mélanie Joly grant a permit exempting Siemens Canada from sanctions against Russia and allow it to return the equipment for use in a pipeline carrying gas to Germany.
Brian Zinchuk: SaskPower just signed a massive carbon leakage interchange agreement with the States, and Estevan will suffer the consequences
We have hundreds of years of coal reserves in Saskatchewan. We have the technology to capture the carbon, and sulphur dioxide, if we implement it. We have dramatically reduced other forms of pollution from burning coal. And we can do all these things continually, reliably, and cheaply, wind or no wind, day and night, 24/7/365.
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Sweeping climate bill pushes American energy to go green
By Seth Borenstein, Matthew Daly And Michael Phillis () in Washington WASHINGTON (AP) — After decades of inaction in the face of escalating natural disasters and sustained global warming, Congress hopes to make clean energy so cheap in all aspects of life that it’s...
Crown land sale brings in $6.5 million, nearly all of it in southeast Saskatchewan
Saskatchewan’s public offering of Crown petroleum and natural gas rights held on Tuesday, Aug. 9, 2022, raised $6,520,192, which is more than double the August 2021 offering. This brings the current total for the 2022-23 fiscal year to $28,761,806 in revenue for the province.
Trans Mountain announces Dawn Farrell is new president and chief executive officer
Canada’s west coast pipeline Crown corporation has a new head. The board of directors of Trans Mountain Corporation announced on Aug. 10 the appointment of Dawn Farrell to the position of president and chief executive officer and member of the board of directors. The...
TC Energy Corp. completes public offering of common shares
TC Energy Corp. says it has closed a $1.8-billion bought deal offering of common shares.
The Calgary-based company says it will use the proceeds to fund costs associated with the construction of the Southeast Gateway Pipeline, a US$4.5-billion offshore natural gas pipeline in the southeast region of Mexico.
On a day when SaskPower signs 650 MW interconnect with US, Alberta’s wind failure shows necessity of such interconnects
On a day when SaskPower announced a major interconnect agreement with the American Southwest Power Pool, its necessity was vividly demonstrated by Alberta’s power grid. It turns out that adding more wind power generation does not necessarily mean you’re actually going...
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SaskPower signs 20 year agreement with the States to buy or sell up to 650 megawatts
One of the largest questions facing Saskatchewan’s economy is where will we be getting our electrical power in the next 10 years? SaskPower is looking down the barrel of the federally-mandated retirement of conventional coal-fired power by the end of 2029, and it’s going to take until at least 2032 to have any sort of nuclear power in place. Even then, that would only be one or two reactors, not nearly enough to replace our coal fleet, let alone meet the increased demand from electric vehicles.
Raging fire consumes 4th tank at Cuba oil storage facility
Flames engulfed a fourth tank at an oil storage facility in western Cuba on Tuesday as the raging fire consumes critical fuel supplies on an island grappling with a growing energy crisis.
Firefighters and specialists from Mexico and Venezuela helped fight the blaze in the province of Matanzas with boats, planes and helicopters as they sprayed foam on the containers, a first for crews since broiling temperatures had prevented them from doing so earlier.
Russia curtails oil shipments to central Europe
Several countries in Europe dependent on Russian energy suffered another blow with confirmation Tuesday that oil shipments have stopped through a critical pipeline. Russian state pipeline operator Transneft said it halted shipments through the southern branch of the...
Stampede Drilling adding six rigs to its fleet
Stampede Drilling announced on Aug. 3 the acquisition of six drilling rigs from a private company, but didn’t say who it is.
Quick Dick McDick: I Putter In The Rhubarb… On The Way To Saskatoon
It seems Quick Dick McDick has been so focused on showing us all about Saskatchewan, he even demonstrated what we mean by hitting the rhubarb. Or not. Or maybe eating it. Something like that. [fwduvp preset_id="brian" playlist_id="ad1" start_at_playlist=""...
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Cenovus Energy to buy remaining stake in Toledo refinery from BP for $300 million
Cenovus Energy Inc. has signed a US$300-million deal that it says marks another step forward in its long-term strategy to integrate its heavy oil production with refining capability.
The Calgary-based oil company announced Monday it has reached a deal with British energy giant BP to buy the remaining 50 per cent stake in the BP-Husky Toledo Refinery in Ohio. The two companies have also signed a multi-year product supply agreement.
Arcola town hall: Scott Moe on energy security and increasing oil production here
For roughly 2.5 hours, Premier Scott Moe, assisted by MLAs Daryl Harrison (Cannington) and Steven Bonk (Moosomin) took questions from the floor at a town hall meeting in Arcola. The session continued until they basically ran out of questions. This question was from a...
Arcola town hall: Scott Moe on what he thinks the feds will do regarding nitrogen fertilizer
While it came up several times, this answer about the federal government’s recent movements to reduce the usage of nitrogen fertilizer sums up Moe’s and the provincial government’s thoughts on the matter. Let’s just say he has some healthy skepticism.
Nitrogen fertilizer is typically manufactured from natural gas.
Brian Crossman: Making knives, or “Let’s play Forged in Fire!”
It reminded me a lot of my days with a rig crew, getting cleaned up at the end of the day, joking around and just enjoying the feeling of getting through the day with nobody getting hurt.
Arcola town hall: Scott Moe on refining our oil, and value-added industries
One question centred on refining our oil product and access to markets. Moe touched on value added processing and a recent micro refinery near Kerrobert.
Harrison spoke about how oil and gas has been affected by uncertainty from the federal government.
Moe noted how one Saskatchewan farmer recently told the federal agriculture minister, “The biggest risks to my current enterprise is government policies.”