NEWS: Trans Mountain pipeline shut down due to severe rain, flooding in B.C.
CALGARY — The Trans Mountain pipeline has been shut down temporarily due to widespread rains and flooding in British Columbia. Trans Mountain Corp. spokeswoman Ali Hounsell says the precautionary move was taken due to the flooding situation in the...
Federated Co-operatives Limited secures land for $1 billion renewable diesel plant beside refinery
REGINA – On Nov. 10, Regina City Council officially approved an offer Federated Co-operatives Limited (FCL) to purchase land immediately north of the Co-op Refinery Complex (CRC). The 222 hectares are intended for the...
NEWS: Canadian Natural Resources to acquire Storm Resources for $6.28 per share
CALGARY — Canadian Natural Resources Ltd. (CNRL) says it has reached a deal to acquire Calgary-based oil and gas explorer Storm Resources Ltd. for $6.28 per share, a price that pegs Storm's enterprise value at $960 million. The purchase price...
Brad Wall: Maybe the Great Reset will happen. Its advocates could be surprised at how it all turns out
The inference of the Great Reset advocated by our newly re-elected minority Liberal government and others on the left means something quite different: a reset to something different. It is a slogan that aspires to some new world order without Canadian mining, Canadian oil and natural gas, or (presumably) other emitting industries. The Great Reset will be so great, in fact, that we will not only get by without reliable baseload energy and resource sector jobs, but thanks to the magic of government, income inequality will be a thing of our dark Darwinian past.
NEWS: Canada, U.S. say end fossil fuel subsides as COP26 draft called ‘weasel words’
OTTAWA — Canada's environment minister fended off accusations Friday that UN climate negotiators are resorting to "weasel words" on addressing fossil fuel subsidies. As United Nations negotiators wrestled over a final text in the closing hours of...
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Viking formation expected to see bulk of pick up in drilling next year in PSAC forecast
CALGARY – Saskatchewan is expected to see a 15 per cent increase in wells drilling in 2022, compared to 2021. That’s according to the Petroleum Services Association of Canada (PSAC), which released its 2022 Canadian Oilfield Services Activity Forecast on Nov. 10. PSAC...
Brian Zinchuk: About that hydrogen car …
I distinctly remember, somewhere around 2000, I was sitting on the couch in the apartment with my then-newlywed wife, when I leaned over to her and told her something profound.
“I think the next car I buy is going to be a hydrogen fuel cell car,” I said.
McMillan leaving as CAPP president when replacement in place, reflects on last seven years, Part 2 of 2
CALGARY – Tim McMillan has led the Canadian Association of Petroleum Producers (CAPP) for seven years, a time period that precisely coincides with the longest downturn in the Canadian oilpatch in living memory. He is currently attending COP26, the United Nations...
NEWS: Shell to partner with renewables firm on solar farm near Scotford refinery
CALGARY — Shell Canada and its North American solar platform Silicon Ranch have announced plans to build a 58-megawatt solar farm adjacent to Shell’s Scotford refinery and chemicals park near Edmonton. The solar farm will be the first in Canada to...
NEWS: Vermilion plans to reinstate dividend in early 2022 despite $147.1 million Q3 loss
CALGARY — Vermilion Energy Inc. says it plans to reinstate its dividend in the first quarter of 2022 even though its net loss more than doubled in its latest quarter despite a big increase in revenues. The oil and gas producer says the payout,...
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NEWS: Planning for Canada-U.S. treaty talks on Line 5 ‘well underway,’ Canada says
WASHINGTON — Planning is “well underway” for bilateral treaty talks between Canada and the United States in the dispute over the Line 5 pipeline, with formal negotiations expected to begin “shortly,” the federal government says in new court...
NEWS: MEG Energy CEO doesn’t expect Line 5 dispute to hurt ability to move heavy oil
CALGARY — The chief executive of MEG Energy said Tuesday he doesn't expect the ongoing dispute between Canada and the U.S. over the Line 5 cross-border pipeline to hurt his company's ability to move heavy oil to the U.S. Gulf Coast. On a...
NEWS: Alberta isn’t alone in facing climate challenge, says province’s COP26 representative
Alberta’s top representative to the global climate conference taking place in Scotland has a message to those in the province who feel singled out by the pressure to reduce greenhouse gas emissions. You are not alone. “I feel that too,” said Steve...
CAPP president says simplistic solutions don’t work for complex energy problems, speaks about COP26
CALGARY – Tim McMillan has led the Canadian Association of Petroleum Producers (CAPP) for seven years, a time period that precisely coincides with the longest downturn in the Canadian oilpatch in living memory. He is currently attending COP26, the United Nations...
NEWS: MEG Energy again increases annual production guidance after third-quarter results
CALGARY — MEG Energy Corp. boosted its output forecast for the year after swinging to a $54-million profit in its latest quarter on a doubling of revenues. The Calgary-based company said it earned 17 cents per diluted share in the third quarter,...
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Brian Zinchuk: Justin Trudeau won’t say “carbon dioxide” if he can help it
I noticed something while covering the COP26 the United Nations Climate Change Conference UK 2021 in Glasgow, and our prime minister’s participation in it. Prime Minister Justin Trudeau, and his office, don’t say “carbon dioxide,” anymore, if at all possible. Instead,...
NDP energy critic says feds should have consulted Saskatchewan on emissions cap for oil and gas
REGINA – On Nov. 1, Prime Minister Justin Trudeau told the world during the United Nations Climate Change Conference UK 2021 in Glasgow, Scotland, that Canada would “cap oil and gas sector emissions today, and ensure they decrease tomorrow, at a pace and scale needed...
NEWS: Alberta government unveils road map with goal of becoming hydrogen export superpower
EDMONTON — The Alberta government has...
NEWS: Pipeline company Enbridge reports $682-million third-quarter profit
CALGARY — Enbridge Inc. reported a third-quarter profit of $682 million, down from $990 million in the same quarter last year. The pipeline operator says the profit amounted to 34 cents per share for the quarter ended Sept. 30, down from 49 cents...
NEWS: Pipeline company TC Energy Corp. reports $779-million third-quarter profit
CALGARY — TC Energy Corp. reported a third-quarter profit of $779 million, down from $904 million a year ago. The pipeline company says the profit amounted to 80 cents per share for the quarter ended Sept. 30, down from 96 cents per share for the...
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NEWS: Baytex earns $32.7M, expects to generate record cash flow in 2021 as oil prices surge
CALGARY — Baytex Energy reported a third-quarter profit of $32.7 million and said it expects to generate record cash flow for the year thanks to surging commodity prices. The Calgary-based oil and gas company says it earned 35 cents per diluted...
NEWS: McMillan to step down as head of oil and gas lobby group CAPP
CALGARY — The Canadian Association of Petroleum Producers is looking for a new CEO. The Calgary-based oil and gas lobby group says its current president and CEO, Tim McMillan, will step down this spring. McMillan was head of the organization for...
Sask government provides incentives for CO2 pipelines; announcement comes after FCL/Whitecap MOU
As part of its push its efforts to support a carbon dioxide hub and distribution systems in Saskatchewan, particularly in the Regina and Lloydminster regions, the Government of Saskatchewan announced on Nov. 4 that pipelines transporting carbon dioxide (CO2), whether...
NEWS: Joint statement also prioritizes clean energy finance by end of 2022
GLASGOW, United Kingdom — Canada has joined the United States, United Kingdom and 21 other countries in a historic deal to stop new direct public finance for coal, oil and gas development by the end of 2022. The deal, signed at the COP26 climate...
Surge Energy picked up both Astra Oil and Fire Sky Energy in recent months
CALGARY – Surge Energy Inc. has been a busy of late, closing acquisitions of two of the more active junior oil producers in southeast Saskatchewan – Astra Oil Corp. and Fire Sky Energy Inc. On Nov. 3, Surge announced its third quarter earnings via press release. The...