PBO says Trans Mountain pipeline to result in net loss for government
OTTAWA — The Parliamentary Budget Officer says the federal government now stands to lose money from its investment in the Trans Mountain pipeline. The latest analysis shows the net present value of the pipeline is negative $600 million, leaving it...
Biden, Chevron chief trade sharp words over gas prices
In a pointed back and forth, the head of Chevron complained Tuesday that President Joe Biden has vilified energy firms at a time when gasoline prices are at near record levels and the president responded that the oil company CEO was being “mildly sensitive.”
The president in recent weeks has criticized oil producers and refiners for maximizing profits and making “more money than God,” rather than increasing production in response to higher prices as the economy recovers from the pandemic and feels the effects of Russia’s invasion of Ukraine.
Brian Crossman: Now hiring!
Hey everybody! It’s time to start jumping up and down like idiots! The patch is busy and everyone is hiring! Outstanding! Let’s go make the big money on “The Rigs!” (That’s how I remember hearing it nearly four decades ago) It is true; there is “big money” to be made in the energy industry. But guess what? If you are able-bodied, you can make good money in pretty much any industry. You may have to move to a different part of the province or the country, but there is high-paying work available. And if you have a pulse and the ability to string a few words together, you’ll get an interview. If you show up, hell, you’ll probably get the job. But maybe you should be proactive and prepare yourself just a little bit.
Brian Zinchuk: My daughter is going into mechanics. You go girl!
This past weekend was an emotional one for our family. Katrina crossed the stage, graduating Grade 12. And her future looks bright. She’s going to school, and she’s going to work. In the oilpatch. Katrina was a beneficiary of a forward-thinking government roughly six...
Jim Warren: Rough patch for rewewables
Just two years ago, executives from a leading renewable energy company boasted they were experiencing the “best renewable energy development environment in history.” But, as of the second quarter of 2022 the renewable energy boom they predicted looks more like a bust.
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How much for gas? Around the world, pain is felt at the pump
There’s a global oil price — around $110 a barrel — but no global pump price due to taxes and other factors. In Hong Kong and Norway, you can pay more than $10 per gallon. In Germany, it can be around $7.50 per gallon, and in France, about $8. While lower fuel taxes mean the U.S. average for a gallon of gas is somewhat cheaper at $5, it’s still the first time the price has been that high.
Quick Dick McDick: Little quicks – sow your seed
Some good, clean explanations about one of the most important processes in farming: seeding.
Germany to limit use of gas for electricity production
BERLIN (AP) — Germany’s economy minister said Sunday that the country will limit the use of natural gas for electricity production amid concerns about possible shortages caused by a cut in supplies from Russia.
Experts torn over when ‘demand destruction’ could trigger gasoline price relief
There’s a famous saying that ‘the cure for high prices is high prices,’ but when it comes to gasoline, that may not necessarily be the case.
Experts are torn on when or even if drivers might see significant “demand destruction” — an economics term for a sustained decline in demand for a product due to excessively high prices — at the pumps.
Buffalo Potash to set up research facility in Estevan, looking at commencing drilling later this summer
ESTEVAN - On June 9 during a visit with the Estevan City Economic Development Board, Buffalo Potash Corp. CEO Steve Halabura formally committed to set up a solution mining research and development facility on land owned by the city. The parcel is located beside the...
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Moe and minsters meet with energy industry participants, discuss ESG, increasing oil production
Every so often the Saskatchewan government employs former Prime Minister Stephen Harper to conduct a series of industry consultations. June 16 was such a day, with four different groups meeting with Premier Scott Moe and a number of provincial ministers in Saskatoon to discuss their concerns. Energy representatives were among them.
Russia reduces natural gas through European pipeline again
BERLIN (AP) — Russia's Gazprom announced a reduction in natural gas flows through a key European pipeline for the second day in a row on Wednesday, hours after Germany's vice chancellor said its initial move appeared to be political rather than a result of technical...
Biden tells oil refiners: Produce more gas, fewer profits
President Joe Biden on Wednesday called on U.S. oil refiners to produce more gasoline and diesel, saying their profits have tripled during a time of war between Russia and Ukraine as Americans struggle with record high prices at the pump.
“The crunch that families are facing deserves immediate action,” Biden wrote in a letter to seven oil refiners. “Your companies need to work with my Administration to bring forward concrete, near-term solutions that address the crisis.”
Brian Crossman: Brad Wall for prime minister!
I have several friends that always ask me, “When is Brad Wall running for prime minister?” The guys asking are almost exclusively from Alberta; Calgary, in particular. I think that the reason they ask is based on two things. One, the less-than-desirable federal...
David Yager: Global Energy Show signals Canada’s oil and gas recovery and strong future. This industry has been down but will never be out
Based on the current global energy realities, “Rumors of our demise has been greatly exaggerated.”
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Bronwyn Eyre’s final speech after four years fighting for energy as Minister of Energy and Resources
Bronwyn Eyre’s been fighting for the energy sector for four years. This is her final speech as Minister of Energy and Resources.
Whitecap Resources’ big CO2 plans, according to Grant Fagerheim, Saskatchewan Oil Person of the Year
On June 1, Whitecap Resources CEO Grant Fagerheim was honoured as Saskatchewan’s Oil Person of the Year. A lot of that had to do with how he is leading his company in major developments in carbon dioxide capture, utilization and storage, particularly at the Weyburn Unit.
And the scope of these initiatives keeps getting bigger and bigger.
Brian Zinchuk: I may have to register as a journalist and news organization with Facebook, and that deeply concerns me
If Poilievre’s speech is verboten, then what the hell is allowed? Who, among us, can say anything?
Facebook rejects boosted post of a Pipeline Online news story regarding Pierre Poilievre
I wrote a story which was the entire verbatim speech Pierre Poilievre delivered to the Saskatchewan Oil and Gas Show. Facebook would not allow me to run an ad promoting that story. And if you don’t pay Facebook (Meta) to push your content out, it will hardly show it to anyone. When Poilievre speaks of “gatekeepers,” this is precisely what he is referring to. It is very real.
Cenovus scoops up remainder of Sunrise from BP, swapping Bay du Nord to BP
CALGARY – As foreign companies move away from their investments in Canadian oil and gas, particularly the oil sands, Cenovus Energy Inc. is one of the domestic producers that has been stepping into the void. While the trend has been dramatic decrease in foreign...
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Poilievre speaks of the consequences of the relentless ideological drive to attack the energy sector
WEYBURN – Pierre Poilievre is the leading candidate for the leadership of the Conservative Party of Canada. He made the effort to attend and speak at the Saskatchewan Oil and Gas Show in Weyburn on June 1. That was a key day, because the next day, party membership sales closed.
Poilievre had laid the groundwork three years ago, attending and briefly speaking at the same oil show in 2019.
He had a lot to say about energy. You can watch the speech on YouTube, below, or you can read his entire speech, verbatim, further below.
The AP Interview: Sri Lanka PM says he’s open to Russian oil
COLOMBO, Sri Lanka (AP) — Sri Lanka may be compelled to buy more oil from Russia as the island nation hunts desperately for fuel amid an unprecedented economic crisis, the newly appointed prime minister said. Prime Minister Ranil Wickremesinghe said he would first...
Biden vows to battle inflation as prices keep climbing
LOS ANGELES (AP) — In President Joe Biden’s estimation, the U.S. is in a strong position to overcome the worst inflation in more than 40 years. But so far, inflation just keeps getting the better of the U.S. economy and of the Biden administration.
The president’s policies, his deals with the private sector, regulatory actions and public jawboning have failed so far to stop prices from marching upward.
Biden on Friday pledged to keep fighting against inflation while touring the Port of Los Angeles, America’s busiest port and a place that the White House said last October would be key for reducing price pressures.
Biden juggles principles, pragmatism in stance on autocrats
By Aamer Madhani in Washington WASHINGTON (AP) — As a candidate for president, Joe Biden was not shy about calling out dictators and authoritarian leaders as he anchored his foreign policy in the idea that the world is in a battle between democracy and autocracy. But...
Rupen Pandya SaskPower’s new CEO
SaskPower announced on June 10 that after a nationwide search, Rupen Pandya will be the company’s new president and chief executive officer (CEO), effective July 1. He replaces interim president and CEO Troy King and previous long-term CEO Mike Marsh.