NEWS: Imperial Oil raises dividend amid Q4 profit, higher revenues
CALGARY — Imperial Oil Ltd. has raised its dividend as it reported a fourth-quarter profit compared with a loss a year ago tied to a billion-dollar non-cash charge. The Calgary-based oil company increased its quarterly dividend by 26 perc ent to...
Brian Zinchuk: Canada’s energy weapon is an empty holster in dealing with Russia with regards to Ukraine
My late grandfather, Harry Zinchuk, and parents got on a boat in 1930, leaving Ukraine for Canada. They were following his much older brother, Steve, who had come over in 1929. Harry was 13 at the time, having been born in May 1917, during the height of the Great War,...
David Yager: Will the Liberals really raise carbon taxes April 1?
Because of the coronavirus pandemic, the world has been plenty crazy in the past two years. Governments have borrowed enormous amounts of money to keep the economy functioning as it was legislated into lockdown to halt the spread of the COVID-19 virus. And as...
Orphan wells: Parliamentary Budget Officer, Energy and Resources Minister weigh in on who pays
REGINA – In response to a recent report from the Parliamentary Budget Office (PBO) regarding orphan wells particularly in Alberta and Saskatchewan, Energy and Resources Minister Bronwyn Eyre wants to make something very clear: the Saskatchewan taxpayer is not on the...
NEWS: Nord Stream 2 pipeline a sanctions option if Russia invades Ukraine: German envoy
OTTAWA — A controversial gas pipeline that links to Russia beneath the Baltic Sea could be part of a broader package of sanctions should Russia invade Ukraine, says Germany's ambassador to Canada. Ambassador Sabine Sparwasser says her government...
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NEWS: CN Rail will not pursue contempt case related to 2020 rail blockade in B.C.
VANCOUVER — Canadian National Railway says it will not pursue criminal charges against protesters accused of defying an injunction and blocking a CN rail line in northwestern British Columbia nearly two years ago. The BC Prosecution Service...
Overwhelming response for upcoming Weyburn OTS Bonspiel
WEYURN – After a year’s hiatus due to the COVID-19 pandemic, the Weyburn Oilfield Technical Society Bonspiel is back again this Feb. 4-5.
As of Jan. 25, the event is full, according to Rob Sommerville, one of the organizers
Weekend Read: Years of CO2 research, and now the phone is ringing off the hook with interest, says retiring PTRC CEO Dan MacLean
REGINA – After nearly five years as president and CEO of the Petroleum Technology Research Centre, Dan MacLean is retiring. Again.
This isn’t his first time hanging it up. Previously he retired as president of Tundra Oil & Gas, Manitoba’s largest oil producer.
NEWS: Alberta’s Kenney to talk supply chain issues, pipelines at U.S. governors meeting
EDMONTON — Alberta Premier Jason Kenney says he will travel to Washington to discuss issues including COVID-19 and pipelines with American leaders. Kenney says he wants to talk about cross-border supply chain issues, including a ban by both...
NEWS: EU envoy says unity prevails against Russia despite differences among 27 members
OTTAWA — The European Union remains staunchly united in the face of a possible Russian...
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FCL CEO Scott Banda to retire in May. Banda led enormous change for FCL, but also fought union at refinery
SASKATOON – In recent months, Federated Co-operatives Limited (FCL) CEO Scott Banda has made a lot of major announcements over the last six months. They included a carbon capture and utilization partnership with Whitecap Resources, the sale of its upstream oil...
Quick Dick McDick: Thank a trucker, and thoughts on the Freedom Convoy to Ottawa
This is a two-parter. First, Quick Dick McDick talks about the differences between truckers, and thanking a trucker. But the second half he gives his well-reasoned thoughts about the convoy rolling into Ottawa. He's tried to stay out of the COVID debate, but he...
NEWS: Canadian National Railway Co. names Tracy Robinson as new chief executive
https://twitter.com/CNRailway/status/1486092696850780170?s=20 MONTREAL — Canada's largest railway has named a longtime former rival as its new president and CEO to succeed embattled chief executive J.J. Ruest as the company looks to build on a...
NEWS: Budget officer finds $1B orphan well liability by 2025; critics claim underestimate
The parliamentary budget officer has found the cost of cleaning up orphaned oil and gas wells in Alberta and Saskatchewan already dwarfs the money collected from industry to pay for it. But critics immediately called Yves Giroux's estimated $1...
Fire wipes out three of five bays in Arcola oilfield shop; but an excavator tearing the building in half saved the rest
ARCOLA – Cody Christman was on his way westward on Highway 13 at Kisbey when he got an urgent call to come back his shop he had just left in Arcola. It was on fire. The owner of Outlaw Ventures, a boiler outfit that specializes in heating frac water, found his shop in...
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NEWS: Indigenous non-profit looks to acquire ownership of Trans Mountain Pipeline
CALGARY — A new Indigenous non-profit organization is seeking an ownership stake in the Trans Mountain Pipeline, saying its aim is to make sure communities along the pipeline's route receive its benefits directly. Nesika Services publicly launched...
NEWS: Energy infrastructure firm Enerflex signs all-stock deal to buy U.S. company Exterran
CALGARY — Enerflex Ltd. has signed an all-stock deal to buy U.S. company Exterran Corp. in an agreement that values the company at about US$735 million. Under the transaction, Enerflex will issue 1.021 of its shares for each Exterran share....
Letter signed by 400+ academics shows “much deeper apparent revulsion for the energy sector,” says Saskatchewan energy minister
SASKATOON – On Jan. 19, a letter signed by over 400 academics called on the federal government to not implement an investment tax credit for carbon capture, utilization and storage (CCUS). This measure is being considered at a time when several carbon...
Here’s the entire letter signed by 400+ academics in opposition to carbon capture, utilization and storage
(Editor’s note: This is the verbatim letter signed by the 400+ academics, urging the federal Minister of Finance to kill an investment tax credit for carbon capture, utilization and storage, at a time when several projects have been announced in Saskatchewan in recent months. At the end is the entire list of signatories, including their areas of specialty. These include history, sociology, “Gender, Sexuality and Women’s Studies,” law, French, “English and Film Studies,” politics, humanities, philosophy, geography, architecture, anthropology, medicine and drama, among many others. )
Eight academics with ties to U of R and U of S sign letter opposing carbon capture, utilization and storage investment tax credit. Not one is a geologist or engineer
REGINA, SASKATOON – Among the over 400 “scientists, academics, and energy system modellers” who wrote to Deputy Prime Minister and Minister of Finance Chrystia Freeland about their opposition to carbon capture utilization and storage, eight listed affiliations to Saskatchewan’s two major universities.
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NEWS: Parkland Corp. buying M&M Food Market for $322 million
CALGARY — Fuel marketer and convenience store retailer Parkland Corp. says it has reached a deal to acquire M&M Food Market for $322 million. The Calgary-based company says its acquisition of the Mississauga-based frozen food retailer includes...
NEWS: CAPP expects oil and gas investment to rise 22 per cent this year to $32.8 billion
CALGARY — Canada's largest oil and gas industry group says capital spending in the oilpatch will hit $32.8 billion this year, a 22 per cent increase from the year before but still a far cry from the boom-time levels of investment a decade ago....
Kenneth Green: Longer days are coming! Cheaper solar power, not so much
Wind and solar power, we are always told, are really cheaper than fossil-fuel power, if you tot up the true costs of using each type. These arguments have always been dubious on their merits, if not outright disingenuous.
Brian Zinchuk: Talking with Gormley about high oil prices, drilling, labour, wind and solar, Mexico, Ukraine and LNG
On Jan. 19, I spoke with John Gormley on CJME/CKOM about how thing are going in the energy sector, now that oil prices have hit a recent high point. These are my notes that drove most of the discussion. Most of it made it in, but not all. Here's the recording:...
NEWS: Suncor provides details on worker death; CEO says recent incidents ‘not acceptable’
CALGARY — The chief executive of Suncor Energy Inc. says the company must do more to improve workplace safety after a truck crash earlier this month resulted in the death of a contractor at the company’s Base Mine site near Fort McMurray, Alta....