Sask Budget 2023: Rising resource revenue has big impact
REGINA – In the years after the oil downturn hit in late 2014, the deficit hole in the Saskatchewan budget was typically almost exactly the equal to the decline from previous oil revenues. And now that hole is closing. That’s apparent in the 2022-23 budget tabled by...
EU wants gas storage topped up to curb reliance on Russia
BRUSSELS (AP) — The European Union’s executive arm proposed Wednesday that all natural gas storage facilities in the 27-nation bloc are topped up to at least 80% capacity for next winter as it seeks to reduce its reliance on Russian energy in the future.
On the eve of a two-day summit of EU leaders, the European Commission said the bloc must quickly revamp its energy policy before next winter and another price crisis leaves millions of EU citizens with bills they cannot pay.
EU leaders have already vowed to wean the bloc off its dependence on Russian energy by 2027, but tangible measures still have to be put in place. On top of mandatory high storage levels, the commission also wants EU nations to agree to the joint purchase of natural gas and liquefied natural gas that would be similar to its system of buying COVID-19 vaccines in huge quantities for equitable distribution.
Quick Dick McDick: Saskatchewan currency on budget day
You know a jar of jam is as good as cash, right?
Liberals, NDP reach deal to keep minority government in power till 2025
OTTAWA — The Liberals and New Democrats have reached an agreement that would see the NDP support Justin Trudeau's minority government through to 2025. The deal is a "confidence and supply" agreement effective immediately, Trudeau said Tuesday....
Brian Crossman: Hollywood. They Know Best
I have been working hard (well, kinda) on my next article to be fun and light-hearted. You know, it’s spring-time, we’ve had lots of bad news from the Ukraine (Don’t forget to donate to a good organization to help the refugees) and the patch has potential to be busy...
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Nine years after Cowessess First Nation pioneered battery storage, SaskPower announces grid scale battery project
REGINA – Back in 2012, at the Williston Basin Conference in Bismarck, North Dakota, Scott Tinker, the person who produced the documentary Switch told the conference, “If you truly want to solve the world, solve storage.” Now, ten years later, SaskPower is getting in...
Atlantic premiers adopt wait-and-see approach on changing to permanent daylight time
HALIFAX — Atlantic Canada’s premiers are holding off on any move toward permanent daylight time until they see what neighbouring jurisdictions do. The premiers told reporters in Halifax Monday that it doesn’t make sense at this point to make the...
‘Do the right thing’: How US, allies united to punish Putin
By Josh Boak in Washington WASHINGTON (AP) — Just days before Russia invaded Ukraine on Feb. 24, President Joe Biden quietly dispatched a team to European Union headquarters in Belgium. These were not spy chiefs or generals, but experts in reading fine print and...
Baker Hughes joins oil rivals in pausing Russian operations
NEW YORK (AP) — Baker Hughes, a major U.S. oil services company, added its name Saturday to the growing list of U.S. companies that are pulling back from Russia in response to Moscow’s war against Ukraine. Baker Hughes made its announcement one day after...
Halliburton, Schlumberger suspend operations in Russia
By Anne D'innocenzio in New York NEW YORK (AP) — U.S. oil field services companies Halliburton Co. and Schlumberger said they are suspending operations in Russia as the Houston, Texas-based businesses respond to U.S. sanctions over Russia's invasion of Ukraine....
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Natural gas prices are up. Is anyone ever going to drill again for gas in Saskatchewan?
These days, any gas development in this province is almost always from associated gas production – the natural gas that comes up with oil. On March 14, Minister of Energy and Resources Bronwyn Eyre announced two new programs for increasing gas collection. When asked...
If we’re going to be regulated on methane, Saskatchewan wants it to be based on our own data. Two programs announced as a result
REGINA – As the federal government moves to dramatically reduce methane emissions, they are using data to regulate Saskatchewan that is not actually Saskatchewan-specific, and that could be a big problem for this province. Thus, to address that, the provincial...
Saskatchewan launches helium liquefaction hub study to advance helium export infrastructure
It’s one thing to drill for helium (and that’s not particularly easy), but it’s another to ship it. Doing so means purifying and then liquefying it, if you want to get the most value out of the product. With that in mind, the Government of Saskatchewan, in partnership...
Michigan wants ‘to have its cake and eat it too’ on Line 5: chambers of commerce
WASHINGTON — Business leaders from the United States and Canada are again wading into the fray over Line 5, accusing the state of Michigan of dragging its heels to ensure the controversial cross-border pipeline remains in a state of legal limbo...
Brian Crossman: Strategy, politics, and Go Fish
As Brian Zinchuk noted in an article two weeks ago, “weak men create hard times.” The events that have...
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UK’s Johnson in UAE, Saudi Arabia to press for more oil
By Aya Batrawy in Dubai DUBAI, United Arab Emirates (AP) — British Prime Minister Boris Johnson met Wednesday with the de facto rulers of Saudi Arabia and the United Arab Emirates in efforts to ease skyrocketing gasoline prices, as the West grapples with...
Quick Dick McDick: The absolute best analysis you’ll find anywhere about the trucker convoy and Emergencies Act
This is one of Quick Dick McDick’s best pieces, ever, and that’s saying a lot. Quick Dick McDick’s Toonie is far and away the the absolute best analysis you’ll find anywhere about the trucker convoy and Prime Minister Justin Trudeau’s invocation and revocation of the Emergencies Act. He points out the absurdities from all sides.
UK’s Johnson visits Saudi Arabia, seeks more oil output
By Sylvia Hui in London LONDON (AP) — British Prime Minister Boris Johnson is visiting Saudi Arabia and the United Arab Emirates on Wednesday as part of his efforts to press for increased oil production from the Gulf states to reduce dependence on Russian...
Energy security and independence are key to energy affordability: Minister applauds efforts of outgoing CAPP CEO Tim McMillan
REGINA – It’s a longstanding tradition for MLAs and ministers to acknowledge and introduce visitors in the gallery of the Legislature, and on March 14, some of those visitors were from the Canadian Association of Petroleum Producers. It’s outgoing CEO, Tim McMillan, used to sit on the floor of the house, as member for Lloydminster and Minister Responsible for Energy and Resources.
Watch video of a North Dakota wind turbine being demolished after just 20 years in service
MINOT, ND – If you’ve ever driven south of Minot towards Bismarck, North Dakota, you probably noticed the prominent wind farm straddling Highway 83. That wind farm has been there for 20 years now, and according to its operator, Basin Electric Power Cooperative, two of...
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Saturn plans $50 million capital program in 2022, mostly in SE Sask, and uses bought deal offering to finance it
CALGARY – Here’s a term you probably haven’t heard in a while, at least when it comes to oil development in Saskatchewan: “Bought deal offering.” It was a method of financing Crescent Point Energy used consistently in its growth to, at one point, over 170,000 barrels...
Carbon tax responsible for 0.4% of inflation, Governor of Bank of Canada tells Finance Committee
“According to the Bank’s calculations, if the charge were to be removed from the three main fuel components of the consumer price index (gasoline, natural gas and fuel oil) it would reduce the inflation rate by 0.4 percentage points. In other words, if that policy had come into effect at the start of the year, January’s inflation rate would have been 4.7% instead of 5.1 %.”
And just like that, spring breakup begins. Winter weights removed on provincial highways on March 15
The winter drilling season is coming to a close. Spring breakup is here. This is the time of year when truckers and shippers must begin reducing loads on secondary highways in Saskatchewan. All secondary highways return to regulation weights, which will help prevent...
Wilkinson expects plan for supplying some oil to Europe ready by March 23
OTTAWA — Natural Resources Minister Jonathan Wilkinson says it will be another week or two before Canada will know with certainty how much extra oil it can produce and ship to help offset bans on the use of fossil fuels from Russia. But he says...
Saskatchewan Matters Podcast: Paul Martin on Saskatchewan’s powerful pink potash
In this podcast, Paul Martin joins host Dan Gold to talk about how a comedian moved the needle when it came to building relationships in China.