Biden tapping oil reserve for 6 months to control gas prices
WASHINGTON (AP) — President Joe Biden on Thursday ordered the release of 1 million barrels of oil per day from the nation’s strategic petroleum reserve for six months, a bid to control energy prices that have spiked after the United States and allies imposed steep...
OPEC sticks to modest boost in oil despite war jitters
LONDON (AP) — OPEC and allied oil producers including Russia decided Thursday to stick to a modest increase in the amount of crude they pump to the world, a step that supports higher prices even as the Biden administration plans to try to lower them...
Helium Evolution begins trading on TSVX, plans up to start drilling in Q2 or Q3
CALGARY – It was a big day for Helium Evolution Incorporated on March 30. The junior helium explorer, one of four active in Saskatchewan, commenced trading on the TSX Venture Exchange (TSXV). The Canadian-based helium exploration and production company focused...
Biden planning to tap oil reserve to control gas prices
WASHINGTON (AP) — President Joe Biden is preparing to order the release of up to 1 million barrels of oil per day from the nation's strategic petroleum reserve, according to two people familiar with the decision, in a bid to control energy prices that have...
Biden eyes boost to mining of minerals for electric vehicles
By Josh Boak And Matthew Daly in Washington WASHINGTON (AP) — Facing higher oil prices after Russia's invasion of Ukraine, President Joe Biden is looking at invoking the Defense Production Act this week to increase the mining of critical minerals for the...
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CAPP responds to federal emissions reduction plan
CALGARY – Last fall, Prime Minister Justin Trudeau told COP26 in Glasgow his government would be putting greenhouse gas emissions caps on the Canadian oil and gas sector. Those caps were announced on March 29. Terry Abel, executive vice president, Canadian Association...
A brief history of Canada’s climate plans
OTTAWA — Canada has had at least 11 different climate plans and nine emissions targets since 1988. Here's a snapshot of some of them. 1988: Canada hosts a conference in Toronto called Changing Atmosphere: Implications for Global Security, where...
Murray Lyons: Natural gas is not that easy to replace
January seems a long time ago but that’s when my initial column for Pipeline Online was published where I questioned the growing body of commentary on so-called progressive news sites such as CBC Digital on the need for Canadians to move away from natural gas for home...
Emissions plan leaves oilpatch with uncertainty; cap on sector still in development
CALGARY — Canada’s oil and gas industry remains in the dark about exactly how much it will be required to reduce its emissions in the coming decade, though a sweeping new plan unveiled by Ottawa on Tuesday suggests the goalposts will be ambitious....
Brian Zinchuk: Canada oil industry response to war in Ukraine – a plan to follow
The war in Ukraine is now a month old. It is not over, nor does it show serious signs of ending anytime soon, despite attempts at peace talks. We, as a nation, have had a month to determine our response. Even if the shooting stops, Russia’s oil and gas exports must be...
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Oilfield services company Calfrac Well Services suspending any investments in Russia
CALGARY — Calfrac Well Services Ltd. says it is suspending any investments in Russia. The company says despite the fact that the provision of parts and equipment are not restricted by sanctions, it cancelled shipments that were bound for Russia...
Vermilion Energy buying Leucrotta Exploration for $477 million
CALGARY — Vermilion Energy Inc. has signed a deal to buy junior energy company Leucrotta Exploration Inc. for $477 million. Leucrotta is a Montney-focused oil and natural gas exploration and development company with property in northeast British...
Brian Crossman: Now is not the time to panic
Well, I’m sure you’ve all heard the news. And for all of us conservative-minded people, its not good. We are going to be blessed with not one, but two incompetent political parties running our country. What is really bothering me right now (other than Trudeau and...
Estevan OTS Bonspiel thank you
This year’s Estevan Oilfield Technical Society Open Bonspiel had 24 rinks take part. Here’s a thank-you video for those who took part.
Ukraine asks Qatar, others to boost energy exports amid war
By Lujain Jo in Doha DOHA, Qatar (AP) — Ukraine's president called Saturday on energy-rich nations to increase their production of oil and natural gas to counteract the loss of Russian supplies amid sanctions over Moscow's war on his country. Volodymyr Zelenskyy made...
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Estevan OTS Bonspiel gallery 1
Tap on the first picture. There are two galleries on this page. Scroll past the ad to see the second gallery. [fwduvp preset_id="brian"...
Frontier Centre: The failed economics of carbon taxes
By Lee Harding Frontier Centre for Public Policy Originally published March 16, 2022 A leading Canadian economist says the case for carbon taxes is limited and its proponents deliver more rhetoric than reality. In an interview with this author, Steve Ambler, Economics...
Frontier Centre: Chattering Classes Need to Change Their Anti-Energy Tune
By Joseph Quesnel Frontier Centre for Public Policy Originally published March 13, 2022 Canada’s chattering classes – who are often more accustomed to playing the sadly ineffectual dovish role – are rushing to prove their outrage over Russia’s invasion of Ukraine and...
Is helium a critical mineral? And how does Russia play into this?
SASKATOON - In on Feb. 22, the United State Geological Survey (USGS) revised its critical minerals list. In doing so, they added nickel and zinc, but removed helium, potash, rhenium and strontium. The revision to the list took place two days before Russia invaded...
Royal Helium concludes 2D and 3D seismic programs, intends on Val Marie well after breakup
SASKATOON – Royal Helium shifted gears over the course of the winter, reducing its drilling plan, focusing more on production and seismic surveys for future drilling.
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EU agrees on Russia sanctions so far, but energy divides
By Raf Casert And Samuel Petrequin in Brussels BRUSSELS (AP) — The European Union preserved a sense of rarely seen unity through four rounds of unprecedented sanctions against Russia over its invasion of Ukraine. But at a summit Thursday, the 27 leaders faced...
Canada to hike oil, gas output by 300,000 barrels a day to help displace Russian fuel
Canada’s oil and gas producers can hike output by the equivalent of 300,000 barrels a day by the end of the year to help displace Russian fossil fuels, Natural Resources Minister Jonathan Wilkinson said Thursday.
Wilkinson, speaking at the end of an International Energy Agency meeting in Paris, said two-thirds of that is oil and the rest natural gas.
“Canada’s European friends and allies are experiencing an energy security crisis, a crisis that could impact industry, mobility, and even the heating of homes,” Wilkinson said. “This crisis must be addressed.”
As part of economic sanctions intended to punish Russia for its invasion in Ukraine, western allies are also trying to cut off any dependence on Russia for oil and gas.
Patchwork Podcast: Victor Guillet of Vicon Ent. Oilfield Services Corp.
Kurt Price and Tracy Klotz speak to Victor Guillet of Vicon Ent. Oilfield Services Corp. on this edition of the New Lloydminster Nissan Patchwork Podcast.
Brian Zinchuk: Demographics are driving the world. If you ever want a holiday again, welcome refugees and immigrants today
Have you noticed that not only you’re short-staffed, but it seems like everyone else is, too? Canada’s collapsing demographics is likely the root cause. And the only way we can solve that is by dramatically increasing immigration and the reception of refugees right now.
Putin wants ‘unfriendly countries’ to pay rubles for gas
MOSCOW (AP) — President Vladimir Putin announced Wednesday that Russia will demand that “unfriendly'' countries pay for Russian natural gas exports only in rubles from now on. Putin told a meeting with government officials that “a number of Western countries made...