NEWS: RCMP say Coastal GasLink site in northern B.C. ‘attacked,’ causing significant damage
HOUSTON, B.C. — Mounties in northern British Columbia are investigating what they say was a violent confrontation between a group of about 20 people and Coastal GasLink employees at a worksite for the natural gas pipeline.
RCMP say in a news release they were called to the area early Thursday following reports that a group of people, some allegedly armed with axes, attacked security guards and smashed vehicle windows.
NEWS: Saudi Arabia keeps lid on oil output as US gas prices rise
DUBAI, United Arab Emirates (AP) — Saudi Arabia is signaling it isn’t willing to pump more oil and won’t push for changes to an agreement with Russia and other producers that has kept a lid on oil production levels.
This has Washington concerned as gasoline prices rise and tensions with Russia over Ukraine fuel market uncertainty.
The Biden administration dispatched Brett McGurk, the National Security Council’s Middle East coordinator, and the State Department’s energy envoy, Amos Hochstein, to Riyadh on Wednesday to talk about a range of issues — chief among them the ongoing war in Yemen and global energy supplies.
SaskPower: Boundary Dam Unit 4 is still being used as other generating units undergo maintenance
REGINA – Saskatchewan’s power generation is made up of a diverse system of power generation assets, and like any large system, most of the time things work, but sometimes they don’t, and maintenance is needed. Additionally, new hardware comes online from time to time,...
PTRC’s new CEO Ranjith (Ran) Narayanasamy says Saskatchewan should be a clean tech exporter to the world
REGINA – On Feb. 14th the Petroleum Technology Research Centre (PTRC) and its board of directors announced the appointment of Ranjith (“Ran”) Narayanasamy as the company’s new president and chief executive officer.
Narayanasamy comes to the PTRC from SaskPower after over 16 years. He has a somewhat different perspective on carbon capture and storage. You see, he spent some time in India speaking about and promoting SaskPower’s efforts in that regard. And India happens to have more than 180,000 megawatts of coal-fired power generation
Royal Helium completes Climax-4 well, intends future multi-leg well, multi-branch horizontal wells
SASKATOON –Royal Helium Ltd. announced on Feb. 16 that the hydraulic fracture program at the Climax-4 vertical well was successful in opening the Nazare formation and tested 0.57 per cent helium over the 100-meter interval. The helium grade is consistent with initial...
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NEWS: Canada has existing options if Line 5 shuts down, environmental report argues
WASHINGTON — A new report by a Canadian environmental group says alternatives to Line 5 already exist if the controversial cross-border pipeline gets shut down. The report, commissioned by Environmental Defence, recommends upgrading Enbridge...
Coastal GasLink pipeline to go ‘significantly’ over budget, says TC Energy
CALGARY — The company behind the Coastal GasLink pipeline continues to expect to go “significantly” over budget for the project and will also deliver a delayed completion date.
However, TC Energy Corp. said Tuesday it still expects the pipeline to be finished ahead of LNG Canada’s export terminal at Kitimat, B.C., which is also currently under construction.
Calgary-based TC Energy was selected by LNG Canada in 2011 to design, build, own and operate Coastal GasLink. Construction began in 2019, with an originally anticipated completion date of 2023.
NEWS: TC Energy reports $1.1-billion Q4 profit, raises quarterly dividend to 90 cents
CALGARY — TC Energy Corp. raised its dividend as it reported a fourth-quarter profit of $1.1 billion. The pipeline company says it will now pay a quarterly dividend of 90 cents per share, up from 87 cents per share. The increased payment to...
Brian Crossman: What changed? Protests, truck convoys about freedom and now the Emergencies Act?
Normally when I write these opinion pieces, I tend to focus on the energy industry issues and maintain a positive outlook on what we do and why we do it. Obviously, the current main topic of everyone’s conversations of late is the Freedom Convoy 2022 currently...
Don’t cap production: CAOEC addresses Commons Natural Resources committee on capping GHG emissions from oil and gas sector
At the COP26 climate change conference in Glasgow last fall, Prime Minister Justin Trudeau promised to “cap oil and gas sector emissions today, and ensure they decrease tomorrow, at a pace and scale needed to reach net zero by 2050.” The House of Commons Standing...
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ICYMI: Pipeline Online editor Brian Zinchuk tangles with caller on CBC’s Blue Sky regarding ESG, inviting him to turn off his natural gas
Be sure to listen to the end, when he tangles with a caller who self-righteously declares how he’s been an ethical investor and won’t invest in Saskatchewan. Zinchuk tells him to turn off his house’s natural gas.
Murray Lyons: Good news in uranium sector with Cameco restarting McArthur River and Key Lake operations
The glow is coming back to uranium and that’s good news for Saskatchewan, especially for the province’s northern economy.
After a decade of declining output and revenues, the Saskatchewan uranium mining sector delivered some good news this past week during Cameco’s presentation of its fourth quarter and full year 2021 financial results.
Ten Saskatchewan First Nations team up with Saskatoon’s miEnergy Inc. to create solar and geothermal energy company targeting Indigenous communities across North America
SASKATOON – The nine First Nations under the Meadow Lake Tribal Council (MLTC) and Mistawasis Nêhiyawak have formed a new renewable energy company called miEnergy North America. It is a partnership among 10 First Nations, and with the existing, privately-owned...
NEWS: Enbridge reports $1.84B fourth-quarter profit, up from $1.78B a year ago
CALGARY — Enbridge Inc. expects to settle on a new tolling plan for its Mainline pipeline system this summer, the Calgary−based company said Friday.
The pipeline giant said it is consulting with industry about two potential options after its proposal to fill Canada’s largest oil pipeline network through long−term contracts was rejected by the Canada Energy Regulator in November.
NEWS: Precision Drilling reports fourth-quarter loss, revenue up 46% from year ago
CALGARY — Precision Drilling Corp. says it lost $27.3 million in the fourth quarter of 2021 compared with a loss of $37.5 million a year earlier as its revenue rose 46 per cent. The company says the loss for the quarter ended Dec. 31 was $2.05 per...
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Despite US$90 oil, Saskatchewan’s two largest oil producers have dramatically reduced drilling activity during what’s usually the busiest time of the year
February is typically the busiest month of the year for oilwell drilling in Saskatchewan, but the largest players have dramatically reduced their programs compared to previous years, even though oil prices are now in the US$90/bbl. range for benchmark West Texas Intermediate oil. According to Bloomberg, Western Canadian Select (WCS) was US$76.45/bbl. and WTI was US$89.50. Both benchmarks were very close to its highest points in at least 7.5 years.
NEWS: Alberta government seeking compensation from U.S. over cancelled Keystone XL pipeline
CALGARY — Alberta is seeking compensation from the U.S. government in the wake of President Joe Biden’s cancellation of the Keystone XL pipeline’s permit.
The provincial government says it has filed a notice of intent to launch a claim under legacy rules tied to the old North American Free Trade Agreement, or NAFTA.
Quick Dick McDick: You get my drift?
Quick Dick McDick coming to you from Saskatchewan today, where he describes all the different usages of the word “drift.” There’s a lot, and it’s not just tooling around with Morty. And apparently, a neighbour’s tractor was involved. Take note of the wind action on Quick Dick’s beard.
Cenovus CEO says current high oil prices can’t be banked on moving forward
CALGARY — Cenovus Energy Inc. will continue to keep a tight rein on capital spending even as crude prices surge to eight−year highs, the CEO of the Calgary−based oil producer said Tuesday. In a conference call with analysts, chief executive Alex Pourbaix said the...
NEWS: Cenovus reports Q4 loss due to $1.9B one-time charge, revenue and production up
CALGARY — Cenovus Energy Inc. reported a fourth-quarter loss of $408 million as it took a $1.9-billion one-time non-cash impairment charge related to its U.S. refinery business. The company, which completed its takeover of Husky Energy at the...
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Poilievre attended the 2019 Saskatchewan Oil and Gas Show. Here’s what he had to say about energy
WEYBURN – On Feb. 5, Ottawa Conservative MP Pierre Poilievre announced that he was “running for prime minister,” his way of saying he was entering the federal Conservative leadership race after the ouster of Erin O’Toole was leader.
It is apparent, now, that he’s been laying the groundwork for this run for quite some time. In 2019, he attended the Saskatchewan Oil and Gas Show in Weyburn, and took the stage briefly, something uncommon for an Ontario member of Parliament. He was joined at the time by Quebec MP Gerard Deltell, member of Parliament for Louis-Saint-Laurent, who also addressed the crowd.
Brian Zinchuk: It was no accident Orwell’s 1984 appeared on Pierre Poilievre’s bookshelf when he announced he was running for prime minister
Some things happen in politics by accident, or coincidence.
But the placement of George Orwell’s 1984 on the bookshelf immediately to the right of Pierre Poilievre in the video where he announced he was “running for prime minister,” was no accident.
NEWS: Ottawa files court brief supporting Enbridge Inc. in Line 5 dispute with Michigan
WASHINGTON — The federal government is once again urging a Michigan judge to keep Line 5 operating while it works with the United States on negotiating an end to the impasse over the controversial cross−border pipeline. Gordon Giffin, the...
NEWS: Gasoline prices breaking records as crude oil tops US$90 a barrel
CALGARY — Gasoline prices across Canada shattered an all−time record high on Friday, as crude prices soared above US$90 per barrel and North American refineries worked full throttle to keep up with demand. The national average retail fuel price...
Sask brings in $6 million for Crown land sales, but some parcels went for next to nothing
REGINA – For the first time since June, 2019, a Crown land sale for oil and gas mineral rights exceeded $6 million. But while the total dollar value was up significantly compared to sales over the last 2.5 years, some parcels went for exceedingly low dollar...