Imperial Oil second quarter profit soars amid higher production and energy prices
Imperial Oil Ltd. CEO Brad Corson said Friday the federal government’s strategy to reduce emissions and reach net-zero amounts to overreach from Ottawa.
“It is very aggressive and stretches the capability of what is technically and economically feasible,” Corson said on a conference call with analysts.
Earlier this month, Ottawa released a statement outlining ways it could potentially design the oil and gas emissions cap, which is part of its 2030 emissions reduction plan, and launched consultations on the matter.
Brian Zinchuk: On Wednesday wind power generation in Alberta collapsed yet again, but renewables are our salvation, right?
We cannot start to experience brownouts and blackouts like California. We can’t have hospitals running on generators because we choose to screw up the best thing we have going in modern society – reliable power generation. Lives will hang in the balance if we get this wrong, and our society is rapidly moving towards screwing this up.
Alberta’s wind fleet was putting out less than 1% of its capacity during Wednesday morning coffee break
If you just had your morning coffee in Alberta, it’s unlikely your coffee pot was powered by wind. That’s because at 10:16 a.m. on Wednesday, July 27, Alberta’s fleet of 26 wind farms, supposedly capable of producing 2,269 megawatts, was producing just 22 megawatts,...
Signing bonus, retention bonus, buddy bonus, and benefits; Sun Country Well Servicing pulls out all the stops to attract new workers
Things are very busy for Sun Country Well Servicing of Estevan, but the service rig outfit could be busier, if they could find more people.
Brad Bennett, vice president of operations, said on July 25, “People are a big issue. Parts are hard to get for equipment. But overall, it’s very, very busy. The weather’s given us a little problem with being too wet in a lot of places with all the rain we’ve had.”
Rig activity shows Scott Saxberg, former Crescent Point CEO, is back drilling in southeast Saskatchewan
When you look at current drilling activity in southeast Saskatchewan, a certain name pops out – Cache Island. And that name is significant because of its president and CEO, Scott Saxberg. Cache Island Corp. is drilling with Precision Drilling Rig 275 at 04-18-011-05...
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Rig report: Northwest Sask comes alive with drilling, extreme south sees three helium companies at work
Drilling activity has hit its stride in Saskatchewan, with 39 drilling rigs working in the field as of July 26. Most significantly, northwest Saskatchewan has come alive again as Cenovus, the province’s largest oil producer, has deployed several rigs to the field in multiple areas. This is a big change, as for an extensive part of this past year, Cenovus had been operating only one rig, despite substantially higher oil prices.
EU reaches deal to ration gas amid Russian cut-off fears
European Union governments agreed Tuesday to ration natural gas this winter to protect themselves against any further supply cuts by Russia as Moscow pursues its invasion of Ukraine.
EU energy ministers approved a draft European law designed to lower demand for gas by 15% from August through March. The legislation entails voluntary national steps to reduce gas consumption and, if they yield insufficient savings, a trigger for mandatory actions in the 27-member bloc.
Quick Dick McDick: Justin Trudeau’s Canadian ban on fertilizer (a big deal for natural gas, BTW)
Before you start thinking this is just an agriculture issue, it's not. Most nitrogen fertilizer is derived from natural gas, which is precisely why, when natural gas prices spiked in Europe with the Ukraine War, it became too expensive for many to make or buy nitrogen...
Brian Crossman: I want to buzz the tower in my flying electric car. Talk to me, Goose
I’m gonna let all ya’ll in on a secret about electric cars. I have always wanted one. Ever since I was a little kid when my brother and I received a “TYCO AFX” slot car track for Christmas. It was a figure eight, with two very cool cars. I think my ten year old self was blown away by the sudden acceleration and how that same sudden acceleration would propel my very cool car right off the track. Awesome! It was literally hours of fun in the pre video game era. I secretly plan to buy another slot car track soon. (Christmas is in five months, honey!)
Ottawa earmarks funds for N.S. green energy but also ponders support for fossil fuels
By Michael Tutton in Hardwood Lands Prime Minister Justin Trudeau on Thursday promised green energy funds for Nova Scotia, but he also said the idea of upgraded facilities to help ship fossil fuels to Europe in the "very short term" is back on the table. Standing in a...
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“Why are you cowtowing to those who despise your companies, and your accomplishments?” Jordan B. Peterson asks of CEOs in a video taking on DIE and ESG
Dr. Jordan B. Peterson, one of Canada’s leading intellectuals, takes a hard look at both the work and ESG movements and corporations response to them in this video posted on July 22
Enbridge is literally cutting up old Line 3, getting to the last stages of decommissioning
PEEBLES – The Enbridge Line 3 Replacement pipeline has been in the ground and operating in Canada for several years. The American portion went into operation Oct. 1, 2021. But that still left one more task to complete – the decommissioning of the original Line 3....
Patchwork Podcast: Martin Campbell from BPC Directional
Martin Campbell of BPC Directional was the guest on this month’s New Lloydminster Nissan Patchwork Podcast. He’s spent 42 years in the oilpatch since moving from PEI. His first job involved hand bombing shovel with a cracked handle to find a telephone line at Tangleflags. Kurt Price and Tracy Klotz spoke with Campbell about his lengthy career.
Spain and Portugal reject EU plan to limit natural gas use
BARCELONA, Spain (AP) — The European Union’s plan to reduce the bloc’s natural gas use by 15% to prepare for a potential cutoff by Russia this winter received sharp skepticism Thursday from the governments of Spain and Portugal, which are usually big supporters of the...
Key Russia-Europe gas pipeline reopens but outlook unclear
BERLIN (AP) — Natural gas started flowing through a major pipeline from Russia to Europe on Thursday after a 10-day shutdown for maintenance — but the gas flow remained well short of full capacity and the outlook was uncertain, which leaves Europe still facing...
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SaskPower to add a 46 megawatt natural gas turbine each for power stations at North Battleford and Kerrobert
Even as it announces new renewable power generation, SaskPower is building natural gas-fired power generation to back it up.
A day after announcing the opening of a new 10 megawatt solar facility at Weyburn, SaskPower announced it would be expanding its peaking stations at North Battleford and Kerrobert.
The Crown utility said in a release on July 20, “As part of its continued efforts to provide reliable, cost-effective power to customers, SaskPower will add two new natural gas turbines to its generation fleet.
Pesâkâstêw Solar Facility opens near Weyburn, first grid-scale solar facility done in cooperation with First Nations Power Authority
On June 19 SaskPower officially opened its second grid-scale solar power facility just southwest of Weyburn.
The Pesâkâstêw Solar Facility is has a nameplate capacity of 10 megawatts. SaskPower expects roughly 25 per cent of nameplate output for solar facilities like this one.
Biden announces modest climate actions; pledges more to come
President Joe Biden on Wednesday announced modest new steps to combat climate change and promised more robust action to come, saying, “This is an emergency and I will look at it that way.”
The president stopped short, though, of declaring a formal climate emergency, which Democrats and environmental groups have been seeking after an influential Democratic senator quashed hopes for sweeping legislation to address global warming. Biden hinted such a step could be coming.
Canada siding with U.S. in burgeoning CUSMA fight with Mexico over energy policies
Canada joined forces Wednesday with the United States in a bilateral effort to push back against what they consider protectionist energy policies in Mexico that violate both the spirit and the letter of North America's new trade rules. U.S. Trade Representative...
BMO buying Calgary-based emissions reduction advisor Radicle Group Inc.
BMO Financial Group says it has struck a deal to buy Radicle Group Inc. for an undisclosed sum as it looks to expand its emission reduction advisory services.
Calgary-based Radicle is a developer of carbon offsets and helps organizations measure and reduce emissions.
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EDC targets reduced portfolio emissions from oil and gas, aerospace
OTTAWA — Export Development Canada (EDC) has laid out emission reduction targets for its lending portfolios in the oil and gas and aerospace industries as part of its long-term goal to become carbon neutral by 2050. The Crown corporation says it...
David Yager: As the world pivots on climate policy, Canada keeps pitching last year’s plan
Only a year ago, Canada was determined to be a climate leader in every way. Last July the federal government announced it would not only meet its 2030 targets but exceed them. Instead of cutting emissions by 30 per cent from 2005 levels, the new goal was 40 to 45 per cent. This was part of the Liberal election platform on September 20, 2021. Framework legislation was introduced earlier this year.
On July 18, Ottawa reminded Canadians that its emission reduction goals would not be interrupted by events as trivial as geopolitical energy chaos.
Quick Dick McDick: The You Bastard Tractor Company
Quick Dick McDick takes on the hefty maintenance charges on farm equipment. Have you had a similar experience with yellow iron?
High Arctic is going tropical, selling well servicing to Precision, and snubbing to Team, but keeping other divisions here
Precision Drilling is getting larger on the well servicing side, and perhaps now ironically named High Arctic Energy Services is getting out of its Canadian well servicing and snubbing operations to focus on tropical work in Papua New Guinea. But it is keeping nitrogen and small rentals operations going here.
Suncor reaches deal with activist investor, will consider sale of Petro-Canada
By Adena Ali Suncor Energy Inc. said Monday that it has reached a deal with activist investor Elliott Investment Management LP that will see it undertake a strategic review of its Petro-Canada gas station chain with the goal of "unlocking...