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.
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Brian Crossman: Indirect influence (or communicate for crying out loud)
When I write these columns, articles, opinion pieces or whatever the hell you call them, I know full well the people reading them probably agree with what I have to say. Hey, I work in the energy industry and this publication is Pipeline Online, right? So yeah, the...
Lithium and geothermal presentations were standing room only at Williston Basin Petroleum Conference
For a decade now, Saskatchewan Geological Survey research geologist Gavin Jensen has been doing presentations on the possibility of lithium development from the salt water that comes up with oil production. Especially when the event was held in Bismarck, the room would often empty out, and he’d be speaking to ten or so people, some of whom he worked with.
It was a lot different at this year’s Williston Basin Petroleum Conference, held in Regina on May 17-18. It was standing room only, with around 80 people crammed into the room. Jensen was followed by Mark Caplan of Prairie Lithium and Randy Fraser of the Saskatchewan Research Council. And when they talked about lithium prices ranging from $21,000 to $65,000 per tonne, people were taking notice.
Saskatchewan Oilman of the Year Grant Fagerheim
Five years ago, Estevan’s Grant Fagerheim, of Whitecap Resources Inc., was inducted into the Saskatchewan Petroleum Industry Hall of Fame. Today he is Saskatchewan’s Oilman of the Year.
Pierre Poilievre coming to Saskatchewan Oil & Gas Show on June 1
WEYBURN – It was likely no small coincidence that Ottawa Member of Parliament Pierre Poilievre attended the Saskatchewan Oil and Gas Show in Weyburn in 2019. After laying that groundwork, he’s coming back again, this time during his leadership run for the Conservative...
Reg Greenslade to be inducted in Hall of Fame
For outstanding contributions to the petroleum industry in Saskatchewan and Canada, Reg Greenslade is inducted into the Saskatchewan Petroleum Industry Hall of Fame. You can attend the awards ceremony on June 1 at the Saskatchewan Oil and Gas Show. Tickets are available at oilshow.ca.
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At Davos, climate debate over role of oil in ‘going green’
DAVOS, Switzerland (AP) — As government officials, corporate leaders and other elites at the World Economic Forum grapple with how to confront climate change and its devastating effects, a central question is emerging: to what extent can oil and gas companies be part of a transition to lower-carbon fuels?
At the centre of the Bakken storm: Gregg Scott, land broker, to be inducted in Hall of Fame
For outstanding contributions to the petroleum industry in Saskatchewan and Canada, Gregg Scott is inducted into the Saskatchewan Petroleum Industry Hall of Fame.
Editor’s note: This interview with Gregg Scott is probably the most in-depth discussion about land acquisition during the Billion Dollar Bakken boom, and what really took place, that I’ve had in 14 years. Scott Land & Lease was at the very centre of the action.
Quick Dick McDick: Good for the goose, good for the gander; and #saveitorshaveit wraps on Friday
Quick Dick McDick explains what's good for the goose is good for the gander, and doesn't call the cobra chickens once! We also see what a coiffed beard looks like, in several forms. You may need to avert your eyes for some, let you turn to stone. Don't forget! You can...
Russia to cut Finland’s natural gas in latest energy clash
By Jan M. Olsen in Copenhagen COPENHAGEN, Denmark (AP) — Russia will cut off natural gas to Finland after the Nordic country that applied for NATO membership this week refused President Vladimir Putin's demand to pay in rubles, the Finnish state-owned energy company...
B.C. to end fossil fuel subsidies under new oil and gas royalty system
British Columbia is changing its decades-old royalty system, the fees it charges companies to extract publicly owned oil and gas, in an effort to align with provincial climate goals.