DEEP is taking its last steps towards a final investment decision and major financing
SASKATOON – After several years of drilling and testing, Deep Earth Energy Production Corp. (DEEP) thinks they have figured out how they are going to make their geothermal power production facilities work. They are now going to spend the next six months...
First SW Sask, now SE Sask got whacked with a major blizzard causing power outages UPDATED
ESTEVAN – Earlier in April, southwest Saskatchewan got whacked with a major blizzard that took out power for several days. This weekend, it was southeast Saskatchewan’s turn from April 22-23. While Moosomin area got more snow, the Estevan area was hit with more damage to its powerlines.
Looking to deepen pain for Putin, West studying oil and gas
By Ellen Knickmeyer in Washington WASHINGTON (AP) — The United States unleashed some of its toughest actions against Russian President Vladimir Putin right after he rolled his troops into Ukraine. Polls in the U.S. find that people want Washington to do more....
Keystone Royalty, Part 3: Keystone spawned over a half dozen companies
REGINA – Regina-based Keystone Royalty may now be reaching its own liquidity event, with an acquisition by publicly-traded Topaz Energy, but along the way, the company has spawned seven, yes, seven, exploration companies, one of which is still active.
It all was built on a relatively simple model. Keystone, the parent, had the royalty land, and they would launch exploration companies to drill on said land. Once enough was developed, it would be sold off, usually to a serial acquiring company, and they would start over.
Keystone Royalty, Part 2: Lothian: “There’s no willingness to step in front of the woke green train that the Liberals have created”
For E. Craig Lothian, president and CEO of Keystone Royalty Group, the actions of the federal government are indeed driving the current profitability of the industry they are trying so hard to choke off. And while they are driving up prices, they’re making it hard to invest in this country.
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High wages, housing you can afford, and lots of work available in SE Saskatchewan oilfield
ESTEVAN – The oilpatch is hiring, and in a big way, in southeast Saskatchewan and southwest Manitoba. If you’re willing to get out in the field and work, some companies are offering starting wages in the $32 dollar range, with no experience. Housing is available, and compared to other parts of Canada, affordable.
One company is willing to pay for a hotel for your first month until you get established. Another group of companies will subsidize housing in their apartments by up to 60 per cent of your rent. They need people, and they need them now.
Internal pick Heather Ryan chosen as new CEO for FCL
SASKATOON - Heather Ryan has been chosen by the board of directors of Federated Co-operatives Limited (FCL) as the company’s new Chief Executive Officer (CEO), effective May 9, 2022. The appointment of the new CEO follows the retirement announcement of Scott...
Keystone Royalty, Part 1: The deal with Topaz Energy
This is the first in a five-part series of in depth stories from a conversation with E. Craig Lothian, CEO of Regina-based Keystone Royalty Group. On March 31, Topaz Energy announced it would be acquiring Keystone as part of an all-stock deal. These stories go beyond the deal, into what has made Keystone tick, the spawning of seven exploration companies, and how current politics are affecting the industry.
Brian Zinchuk: Plowing into a snow drift and Elon Musk’s take on full self-driving
In the midst of the worst blizzard we’ve had in a few years in Estevan, my daughter got a call. Her friend’s dad was stuck, in town, less than a mile from our place. Could we help? Absolutely. I told both kids to pile into the F-150 to come along. They were going to...
ATCO Electric agrees to $31 million penalty following regulator’s investigation
EDMONTON — Regulated utility ATCO Electric has agreed to pay a $31 million administrative penalty after an Alberta Utilities Commission investigation found it deliberately overpaid a First Nation group for work on a new transmission line, and then...
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One of Saskatchewan’s biggest annual industrial projects kicks off today: Annual Co-op Refinery shutdown
REGINA – One of the largest industrial projects in Saskatchewan to occur each year is the annual Co-op Refinery Complex (CRC) spring shutdown, which began today, April 18. Federated Co-operatives Limited (FCL) said in a release they are investing more than $100...
Energy transition will be challenging in era of public protests, regulatory hurdles
CALGARY — From carbon capture and hydrogen development to the accelerated rollout of wind and solar power and rapid electrification of transportation systems, the federal government has laid out an ambitious roadmap to get Canada to its climate...
David Yager: Why renewable energy needs affordable fossil fuels; reduced costs for wind and solar are tied to lower costs for oil and gas
With energy costs rising globally and the western world trying to stop buying fossil fuels from Russia, accelerating the switch to renewables continues to be pitched by some as the best solution. Prior to 2021, there was great excitement about the falling costs of...
Biden increases oil royalty rate, scales back lease sales
BILLINGS, Mont. (AP) — The Interior Department on Friday said it’s moving forward with the first onshore sales of public oil and natural gas drilling leases under President Joe Biden, but will sharply increase royalty rates for companies as federal officials weigh...
Liberals dismiss accusations they intend to slap a green tax on pickup trucks
By Mia Rabson in Ottawa Environment Minister Steven Guilbeault said the Conservatives are lying about a secret government plan to add a green tax to pickup trucks. There have been several tweets from Tory MPs, the Conservative party and Alberta Premier Jason Kenney in...
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And then there were two: Woodfibre LNG tells its prime contractor to get moving
VANCOUVER – Pitter, patter, let’s get at ‘er! After years in the making, finally a second Canadian liquified natural gas (LNG) plant got the go-ahead to start building. On April 14, proponent Woodfibre LNG Limited has issued a “Notice to Proceed” to prime...
Peter Linder: Musings of an ex-oil and gas analyst: Strong reasons to believe oil prices will be high this year
And Then There Were Four Options Pursued, March 14 It is well understood that Canadian oil and gas producers will see record free cash flows in 2022. However to date, they have clearly stated that with their free cash flow they will largely focus on the following...
East African oil pipeline hits the headwinds
By Wanjohi Kabukuru in Mombasa MOMBASA, Kenya (AP) — Climate activists — including influential campaigners Vanessa Nakate and Hilda Nakabuye — are urging more banks and insurers not to back the controversial $5 billion East African Crude Oil Pipeline that is primed to...
Battle over carbon capture as tool to fight climate change
By Drew Costley Polly Glover realized her son had asthma when he was nine months old. Now 26, he carries an inhaler in his pocket whenever he’s out and about in Prairieville, Louisiana, part of Ascension Parish. “He probably needs to leave Ascension quite frankly,”...
Brian Zinchuk: What happens when SaskPower starts driving all EVs and a blizzard hits?
From last Thursday, April 7 to Sunday, April 10, my email in box was full of emails from SaskPower, talking about its efforts to restore power to southwest Saskatchewan after a hell of a blizzard struck. Three days in, the release said, “SaskPower continues to utilize...
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Global EV demand creates once-in-a-generation opportunity for Canadian mining sector
By Amanda Stephenson in Calgary Ottawa is set to pour an "unprecedented" amount of public money into the mining and metals sector as growing global demand for electric vehicles creates what industry insiders say is a once-in-a-generation opportunity for Canadian...
Trudeau wants more electric vehicles across Canada; does not rule out nuclear power
By Dirk Meissner in Victoria Prime Minister Justin Trudeau says he wants to make it easier for more Canadians to drive electric vehicles and he isn't ruling out nuclear power as a cleaner source of energy. Trudeau said electric vehicles fight pollution, but often are...
Quick Dick McDick: The best smoked pork n beans
Cooking with Quick Dick, where you learn how to cook Saskatchewan bachelor style, using the least amount of dishes and making yourself enough food for the next week. Taking a break from beef this week, Quick Dick cooks pork and beans. [fwduvp preset_id="brian"...
Guilbeault asks Alberta minister Nixon to ‘correct’ column on emissions reduction
By Bob Weber in Edmonton Federal Environment Minister Steven Guilbeault has written a letter to his Alberta counterpart to correct what he calls errors in Jason Nixon's recent newspaper column. Earlier this week, an Alberta newspaper published an op-ed by Nixon in...
Straight from the budget’s mouth: How the feds are trying to force ZEVs and limit fossil-fueled vehicles
Sometimes it’s best to see what the government is doing, without a filter. As such, from time-to-time, Pipeline Online likes to provide policy statements straight from the horse’s mouth. In this case, it’s the 2022 federal budget, released on April 7 by Finance...