Estevan Oilfield Technical Society 65th Annual Golf Tournament photos
Photos from the Estevan Oilfield Technical Society 65th Annual Golf Tournament
Gas prices continue to surge higher in Canada, with more increases expected next week
Gasoline prices continued to trend upward across much of Canada over the weekend and experts warn more increases are coming this week.
National average gas prices rose to about $2.06 on Sunday, up almost three cents from the day before and 11 cents higher compared with a week ago, according to the Canadian Automobile Association.
Putin says West to blame for energy crisis
MOSCOW – Russian President Vladimir Putin on Friday blamed the United States and Europe for the energy problems they’re facing, saying they stoked fears about climate change to boost support for renewable energy but then underinvested. Speaking on Russian TV, Putin...
EPA raises amount of ethanol that must be blended with gas
DES MOINES, Iowa (AP) — The Biden administration on Friday set new requirements that increase the amount of ethanol that must be blended into the nation’s gasoline supply but reduce previous ethanol-blending requirements due to a plunge in fuel demand during the coronavirus pandemic.
The Environmental Protection Agency said it would set the 2022 levels for corn-based ethanol blended into gasoline at 15 billion gallons. But even as the new rules increased future ethanol requirements, the EPA retroactively reduced levels for 2020 by 2.5 billion gallons and by 1.2 billion gallons for 2021, reflecting the lower amount of ethanol produced and decreased sales of gasoline during a period when the virus led to a drop in driving.
Supreme Leader acknowledges Iran took Greek oil tankers
In this photo released by an official website of the office of the Iranian supreme leader, Supreme Leader Ayatollah Ali Khamenei speaks on the anniversary of the death of the late founder of the Islamic Republic, Ayatollah Ruhollah Khomeini, shown in the poster at top center, at his mausoleum in Tehran, Iran, Saturday, June 4, 2022. Khamenei acknowledged Saturday that Iran took the oil from two Greek tankers last month in helicopter-launched raids in the Persian Gulf.
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Pledge of more oil heightens odds of Saudi trip for Biden
The Biden administration praised Saudi Arabia Thursday for its roles securing an OPEC+ pledge to pump more oil and a cease-fire extension in Yemen — warm words that appeared to boost the prospect of President Joe Biden traveling to Saudi Arabia and meeting with the kingdom’s once-shunned crown prince. Biden intends to make his first trip as president to the Saudi kingdom later this month, though details have not been finalized, a person familiar with the planning told The Associated Press.
15 people charged with criminal contempt over pipeline protest, 10 others await fate
The British Columbia Prosecution Service says 15 people are being charged with criminal contempt of court following protests last fall over a natural gas pipeline being built near Houston in northern B.C.
The prosecution service says it will take four more weeks to decide if there’s enough evidence to charge an additional 10 people, while two others who were arrested won’t be prosecuted.
Court documents say all 27 people were arrested over six days between September and November along a forest service road leading to a work site for the Coastal GasLink pipeline.
Saturn makes quarter billion dollar purchase in Viking area of west central Saskatchewan
Saturn just made a deal to pick up 4,000 boepd from Crescent Point in west central Saskatchewan for $260 million.
Patchwork Podcast: Preston Krankowsky, chief operating officer of Sandpiper Truck Services
Guest Preston Krankowsky, chief operating officer of Sandpiper Truck Services.
ALX Artificial Lift Werx and Estevan Meter Group of Companies teaming up on pumpjack offerings
ESTEVAN – Two Estevan firms are forming a partnership to expand their respective artificial lift product offerings. ALX Artificial Lift Werx Ltd and Estevan Meter and its subsidiaries Virden Meter, Primec Controls LLC and Apollo Electric & Controls are teaming up.
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Vermilion Energy Inc. completes purchase of Leucrotta Exploration
CALGARY — Vermilion Energy Inc. says it has completed its acquisition of Leucrotta Exploration Inc. Calgary-based Vermilion said in March that it would acquire the junior energy company in a deal worth $477 million. Leucrotta is a Montney-focused...
Jim Reiter is Saskatchewan’s new minister of Energy and Resources
Jim Reiter is Saskatchewan’s new minister of Energy and Resources, after a cabinet shuffle on May 31.
Saskatchewan Oil & Gas Show starts tomorrow in Weyburn
The Saskatchewan Oil & Gas Show in Weyburn is just a day away.
Cenovus Energy to restart work on stalled offshore oil project in Newfoundland
ST. JOHN’S, N.L. — Cenovus Energy announced Tuesday it will restart work on the West White Rose oil project in Newfoundland, ending nearly two years of uncertainty in the local energy sector. The company said in a news release that work to complete the project will resume in 2023
Quick Dick McDick’s beard raises $55,272 for cancer research, also – You gotta be sh!tting me!
May 27 saw an end to the legendary beard hanging off Quick Dick McDick's chin, and for a good cause. When Quick Dick McDick, a.k.a. Dickson Delorme, left the oilfield three years ago and returned to farm life at Tuffnell, Saskatchewan, he was now free to grow a beard....
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Peter Linder, Musings of an Ex-Oil & Gas Analyst: Very bullish on oil and gas producers, natural gas prices
As you know, I have been very bullish on oil and natural gas prices and Canadian oil and gas producers over the past couple of years. I have been especially aggressive in these calls over the past few months, stating that we will see $125 WTI and $10 NYMEX gas this summer. We are certainly well on our way, particularly for gas, which is currently trading at well over $9.
David Yager: Natural gas, Alberta’s forgotten economic powerhouse. Gas is back in a big way
“They call natural gas the fuel of the future. It must be because it has no present value.”
So quipped the head of the Independent Petroleum Association of America at an industry event in Calgary in 1991. Gas was big business 30 years ago, and it’s finally back in a big way. Rejoice.
U.S. proposal could change the way oil companies report their carbon footprint
By Amanda Stephenson in Calgary The officially disclosed carbon footprints of Canada's largest oil companies could balloon in size if tough new climate rules proposed earlier this year by a U.S. regulator come into effect. The U.S. Securities and Exchange Commission's...
Biden renews sanctions license for Chevron in Venezuela
Venezuela's President Nicolas Maduro arrives to Revolution Palace to attend the XXI ALBA Summit in Havana, Cuba, Friday, May 27, 2022. (Ernesto Mastrascusa/Pool Photo via AP) By Joshua Goodman in Miami MIAMI (AP) — The Biden administration has renewed a license...
War surges Norway’s oil, gas profit. Now, it’s urged to help
STAVANGER, Norway (AP) — Europe’s frantic search for alternatives to Russian energy has dramatically increased the demand — and price — for Norway’s oil and gas.
As the money pours in, Europe’s second-biggest natural gas supplier is fending off accusations that it’s profiting from the war in Ukraine.
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Analysts say natural gas could go even higher after breaking 14-year record this week
The rising price of oil may grab most of the headlines, but another commodity — natural gas — is on an even wilder ride and expected to hit fresh heights this summer.
The war in Ukraine and resulting concerns about global energy security have driven up commodity prices world-wide. But where the price of oil is up about 85 per cent year-over-year, natural gas is up more than 200 per cent.
Canada could help wean Europe from Russian oil and gas by shipping clean hydrogen
Canada could ship clean hydrogen to Europe in the future to help wean it from its dependency on Russian oil and gas, say federal ministers.
At meetings with G7 counterparts in Berlin this week, Natural Resources Minster Jonathan Wilkinson and Environment Minister Steven Guilbeault said Canada is investing in the development of clean hydrogen, which could help Europe reduce its reliance on Vladimir Putin’s regime for energy.
Iran seizes 2 Greek tankers in Persian Gulf as tensions rise
By Jon Gambrell And Nicholas Paphitis in Dubai DUBAI, United Arab Emirates (AP) — Iran's paramilitary Revolutionary Guard seized two Greek oil tankers Friday in helicopter-launched raids in the Persian Gulf, officials said. The action appeared to be retaliation for...
Premier Scott Moe and many members of cabinet and caucus attending Sask Oil and Gas Show
WEYBURN – Premier Scott Moe and many members of the Saskatchewan Party cabinet and caucus will be attending the Saskatchewan Oil & Gas Show in Weyburn.
Southeast Saskatchewan Oilman of the Year Derrick Big Eagle
For outstanding contributions to the petroleum industry in Saskatchewan and Canada, Derrick Big Eagle is this year’s Southeast Saskatchewan Oilman of the Year. You can attend the awards ceremony on June 1 at the Saskatchewan Oil and Gas Show. Tickets are available at oilshow.ca.