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...
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NEWS: Canadian Natural reports $2.2B Q3 profit, raises quarterly dividend
CALGARY — Canadian Natural Resources Ltd. raised its quarterly dividend by 25 per cent as it reported a third-quarter profit of $2.2 billion. The company says it will now pay a quarterly dividend of 58.75 cents per share. Canadian Natural's profit...
NEWS: Tourmaline reports $361 million third-quarter profit, record quarterly cash flow
CALGARY — Tourmaline Oil Corp. reported record cash flow and net earnings of $361.1 million in the third quarter of 2021. The Calgary-based company says it earned $1.10 per diluted share in the quarter, compared with $4.8 million or two cents per...
‘All of this is noxious and anti-energy,’ Saskatchewan energy minister responds to Trudeau capping oil and gas sector emissions
During the opening day the United Nations Climate Change Conference UK 2021 in Glasgow, Scotland, 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...
NEWS: Alberta, with largest oil industry, sends fewer to COP than any other energy province
EDMONTON — The province with Canada's largest oil and gas industry has sent one of the country's smallest delegations to the international climate conference, where emissions from that industry are under scrutiny. A preliminary list of the...
Cenovus pays debt, increasing dividends and share buybacks in Q3 earnings announcement
CALGARY – By lowering its debt, and with strong free funds coming in, Cenovus Energy Inc. is continuing the trend of large Canadian oil producers in increasing dividends and share buybacks. On Nov. 3 the company, Saskatchewan’s largest oil producer after its...
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NEWS: Democratic chair issues subpoenas to oil executives
WASHINGTON (AP) — The chairwoman of the House Oversight Committee issued subpoenas Tuesday to top executives of ExxonMobil, Chevron and other oil giants, charging that the companies have not turned over documents needed by the committee to investigate allegations that...
Two Steel Reef projects at North Portal qualify for processing incentive, will reduce venting and flaring of methane gas
On Nov. 2, the Government of Saskatchewan announced that two new oil and gas processing projects, undertaken by Steel Reef Infrastructure Corp., have been approved under the provincial Oil and Gas Processing Investment Incentive (OGPII). That incentive was introduced...
NEWS: US says oil, gas sales damage climate – but won’t stop them
BILLINGS, Mont. (AP) — The Biden administration is planning to sell oil and gas leases on huge tracts of public land in the U.S. West, despite the Interior Department's conclusion that doing so could cost society billions of dollars in climate change impacts....
NEWS: Calfrac Well Services reports Q3 loss, revenue more than doubles from year ago
CALGARY — Calfrac Well Services Ltd. reported a loss in its latest quarter as its revenue more than doubled compared with a year ago. The oilfield services company says it lost $1.5 million or four cents per diluted share for the quarter ended...
Verbatim press release from PMO announcing “enhanced and ambitious climate action to cut pollution at the COP26 summit”
Editor’s note: Sometimes it’s interesting to see exactly what sort of messaging politicians are trying to get across. This is the verbatim press release from the Prime Minister’s Office on Nov. 1, when he gave a speech in Glasgow, Scotland, at the United Nations Climate Change Conference UK 2021. In his address he said , “we’ll cap oil and gas sector emissions today, and ensure they decrease tomorrow, at a pace and scale needed to reach net zero by 2050. That’s no small task for a major oil and gas producing country. It’s a big step, that’s absolutely necessary.”
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Justin Trudeau at G20 spoke about reducing fossil fuels and selling only zero emission vehicles
ROME – Prior to attending the United Nations Climate Change Conference UK 2021 in Glasgow, Scotland, Prime Minister Justin Trudeau attended the G20 summit in Rome on Oct. 30-31. While there, he was asked by a reporter about the pressure to bring down the price...
NEWS: Alberta government, Opposition say the province should be consulted on emissions caps
EDMONTON — Alberta politicians are warning the federal Liberal government that caps on greenhouse gas emissions from oil and gas will have to be set in consultation with the province. Both Premier Jason Kenney and New Democrat Opposition Leader...
NEWS: Oilpatch leaders fear “reckless” move as Trudeau commits to emissions cap on sector
CALGARY — The chief executive of a Calgary-based energy company says a federally imposed cap on emissions from the oil and gas sector is reckless and dangerous. At the UN climate conference in Scotland on Monday, Prime Minister Justin Trudeau...
Trudeau addresses COP26, pledges to cap oil and gas emissions, goal for zero emissions vehicles by 2035
GLASGOW – On Nov. 1, Canadian Prime Minister Justin Trudeau addressed the United Nations Climate Change Conference UK 2021 in Glasgow, Scotland. In his five-minute speech, he promised to cap oil and gas emissions today, and then bring them down to net zero by...
As Trudeau speaks to COP26, the Clean Fuel Standard has long been a concern for Sask. energy minister
SASKATOON – With the UN Climate Change Conference UK 2021 (COP26) on this week, one of the items that will likely come up as part of Canada’s commitments is the “Clean Fuel Standard.” This Clean Fuel Standard has been a particular concern to Saskatchewan Energy and...