Brian Zinchuk: Shell was interested in the big plays. Now its reaping what it had sown in Russia
Back in 2009 or 10, I attended a small oil conference in Regina that had run for a few years. While there, I met with a guy who worked with Shell. It was probably the only time I ever ran into a Shell representative. This was at a time when the Bakken boom was...
Crescent Point is more interested in returns for investors and Alberta’s Duvernay these days, as opposed to aggressive drilling in Saskatchewan
CALGARY – Despite oil prices at their highest levels in a decade, and calls from politicians and the public for Canadian and American oil producers to ramp up production to displace Russian oil from the market, Crescent Point Energy Corp. is focusing on returns to...
Brent crude up $10, shares sink as Ukraine conflict deepens
By Yuri Kageyama in Tokyo TOKYO (AP) — The price of oil jumped more than $10 a barrel and shares were sharply lower Monday as the conflict in Ukraine deepened amid mounting calls for harsher sanctions against Russia. Brent crude oil surged over $10 early...
Blinken: US, allies discuss Russia oil imports
WASHINGTON — U.S. Secretary of State Antony Blinken says the United States and its allies are having a “very active discussion” about banning the import of Russian oil and natural gas in the latest escalation of their sanctions in retaliation for its invasion of...
Quick Dick McDick: Ring those phones
Real simple: Ring those phones. 306-347-2022 Or go to Telemiracle.com.
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Newfoundland and Labrador to wait another 40 days for federal decision on proposed offshore oil project
ST JOHN'S - Newfoundland and Labrador will have to wait another 40 days for a federal decision on the fate of a proposed offshore oil project led by Norwegian oil giant Equinor. Ottawa said Friday in a news release that federal Environment Minister Steven...
Gas prices top $2 per litre as Russian invasion sends crude oil surging
By Christopher Reynolds in Montreal The price of gasoline has topped $2 a litre in British Columbia as Canadians continue to see eye-popping numbers at the pump this week, spurred upward by Russia's invasion of Ukraine. The retail price of gas across the...
Even Elon Musk is calling for immediately ramping up oil and gas production due to Russian war on Ukraine
Facing the reality of a war where the aggressor, Russia, produces more than 10 million barrels of oil per day (10 per cent of global production) and 40 per cent of Europe's natural gas, Elon Musk himself has said we need to ramp up petroleum production. In a series of...
Environment Minister Guilbeault says Canadian oil won’t make a difference in Ukraine conflict, CAOEC begs to differ
Canada’s Environments and Climate Change Minister Steven Guilbeault doesn’t think Canadian oil could replace Russian oil in global energy markets, according to a story by the National Observer’s Local Journalism Initiative reporter Natasha Bulowski on March 2. The CAOEC begs to differ
Oil driller invests in carbon-capture pipeline for Midwest
By James Macpherson in Bismarck BISMARCK, N.D. (AP) — North Dakota’s biggest oil driller said Wednesday it will commit $250 million to help fund a proposed pipeline that would gather carbon dioxide produced by ethanol plants across the Midwest and pump it thousands of...
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Pelosi supports halting Russian oil imports to US: ‘Ban it’
WASHINGTON (AP) — Amid the escalating war in Ukraine, House Speaker Nancy Pelosi said Thursday she supports banning Russian oil imports to the U.S., a hefty nod that could strengthen President Joe Biden’s hand as global allies seek to isolate Russian President Vladimir Putin’s regime.
Canadian Natural Resources reports Q4 profit up, raises quarterly dividend
Canadian Natural Resources Ltd. raised its quarterly dividend by 28 per cent Thursday, as it reported surging fourth-quarter profits against the backdrop of a commodity boom.
Ukraine war upends Biden’s agenda on energy, climate change
WASHINGTON (AP) — As Russian troops move deeper into Ukraine, President Joe Biden is taking steps to rein in rising energy costs even if those moves run counter to his agenda for addressing climate change.
Biden announced on Tuesday that he is releasing 30 million barrels of oil from U.S. strategic reserves as part of a 31-nation effort to help ensure that supplies will not fall short after Russia’s invasion of its European neighbor. The release follows ones ordered in November that also were coordinated with U.S. allies.
Energy security issues come to forefront for oil and gas sector amid war in Ukraine
The war in Ukraine is being used as a case study by those on either side of the debate over fossil fuel production in Canada. Russia's invasion of a sovereign European nation has had wide-ranging energy implications, and is now being used as ammunition...
Higher oil prices push Sri Lanka into deeper economic crisis
COLOMBO, Sri Lanka (AP) — Sri Lanka’s already dire economic crisis has deepened as oil prices hover near $110 a barrel. Vehicles are stranded with empty tanks, power cuts are depriving students of study time for exams and shopping mall air conditioners are being...
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Brian Zinchuk on Gormley: Ukraine and how Canadian energy could make a difference for Europe
On Wednesday, Mar. 2, Pipeline Online editor and owner Brian Zinchuk was a guest on CJME/CKOM’s John Gormley Live, part of a new regular monthly segment during the 10 o’clock hour, the first Wednesday of the month.
This month’s topic is the Russian invasion of Ukraine and the implications for global energy markets and the energy sector her in Saskatchewan.
SaskPower announces $2 million for approximately 20 electric vehicle fast-charging stations
REGINA – SaskPower is announced a program promoting the installation of approximately 20 electric vehicle fast-charging stations across the province. The number of actual chargers will vary per location, but will likely average around two per site. The...
Steam-Est Industries is joining the fight against colon cancer
Steam-Est Industries of Estevan is launching a campaign to fight colon cancer. Owner Keith Cassidy relates a heartfelt message about how his wife, Becky, has fought that battle.
#checkyourinsides
Brian Crossman: Slava’s thoughts on war, as a Soviet conscript soldier
It is heart-breaking to watch people losing their homes, jobs and lives because a Russian leader has a world domination complex. All this has brought back a very interesting, albeit sad experience from 27 years ago. This has made me think of one person in particular, whose story is relevant today.
Sask NDP plan leadership race for late June. Nomination rules limit the number of straight men who can be signatories, requiring half of signatories to be women or gender diverse
REGINA—Following the resignation of Ryan Meili as leader, the Saskatchewan New Democrats set the rules and timing for a leadership contest at Provincial Council this Saturday. The new leader will be elected at a leadership convention in Regina in late June, 2022, according to a press release on Feb. 28. The registration process has its own affirmative action angle with regards to gender, specifically limiting how many men can be signatories to the nomination.
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CAPP says Canada should move to supply Europe with oil and gas, but is unable to due to project cancellations
CALGARY – While Russia invades Ukraine, it has a stranglehold on European energy supplies, especially natural gas. Canada should move to supply Europe with oil and liquified natural gas (LNG), but recent project cancellations and delays for LNG projects and pipelines...
Steve Halabura: Some things we can do to combat the horror in Ukraine. I’m willing to sponsor a refugee family. Will you?
Let me begin with a story: In 1900 my great-grandfather Kyrylo Halabura came from Torhowice, Horodenka district, near the present-day Ivano-Frankivsk in the western Ukraine. He came as part of the great Ukrainian diaspora initiated by the prime minister of the...
No more Russian oil for Canada or US, Moe says in response to invasion of Ukraine
REGINA – Premier Scott Moe weighed in on social media on Feb. 25 as to how Canada can react to Russia’s invasion of Ukraine. Canada, and the United States, can stop using Russian oil. Moe posted on Facebook, “Just to be clear, both Canada and the US will continue to...
NEWS: Teck Resources reports nearly $1.49B Q4 profit compared with loss a year ago
VANCOUVER - Teck Resources Ltd. says it remains committed to rebalancing its portfolio toward less carbon-intensive resources even though soaring prices for steelmaking coal helped push the miner to a record fourth-quarter profit. Surging global...
NEWS: Baytex earns $563 million in fourth quarter, announces share buyback program
CALGARY — Baytex Energy Corp. says it earned $563 million and continued to pay down debt in the fourth quarter of 2021 against the backdrop of surging oil and gas prices. The Calgary-based company says its earnings increased to $1 per share, up...