NEWS: Leaders dial up doomsday warning to kick-start climate talks
GLASGOW, Scotland (AP) — World leaders turned up the heat and resorted to end-of-the-world rhetoric on Monday in an attempt to revive sputtering international climate negotiations. The metaphors were dramatic and mixed at the start of the talks, known as COP26. For...
NEWS: As UN climate conference begins, Alberta has much on the line
CALGARY — As world leaders descend on Glasgow this week for the start of the 2021 UN Climate Conference, Alberta — the Canadian jurisdiction with perhaps the most on the line — will be watching. COP26, as it is known, will be the most significant...
NEWS: US to look at climate emissions from oil and gas lease sales
BILLINGS, Mont. (AP) — The Biden administration said Friday that industry regulators for the first time will begin analyzing greenhouse gas emissions from federal oil and gas leases on a national scale, as they prepare to hold lease sales in numerous western sates...
NEWS: B.C. First Nation says it will protect land after arrests involving Coastal GasLink
HOUSTON, B.C. — RCMP say officers will be patrolling a forestry road in an area where two people were arrested among a group blockading a Coastal GasLink workers' camp near Houston, B.C. Cpl. Madonna Saunderson says in a release that police...
NEWS: Profitable Exxon, Chevron emerge as global economy rebounds
Oil companies were under pressure during the pandemic to curtail drilling after demand plummeted because so many people were staying home. Prices fell and exploration and production budgets were slashed. That resulted in less oil and gas on the market and in storage, which in turn raised prices. But things have started to turn around as people get vaccinated and return to offices and begin to travel.
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NEWS: Imperial Oil reports $908M Q3 profit compared with $3M a year ago
CALGARY — Imperial Oil Ltd. earned a third-quarter profit of $908 million as it reported its highest production for the quarter in more than 30 years and benefited from higher oil prices. The company says the profit amounted to $1.29 per diluted...
Brian Crossman: The Franklin Supply Deer-B-Que
Every fall, there used to be a wonderful event, right around deer hunting season. It was known as the Deer-B-Que. With the fall weather, the leaves turning and the inevitable end of the year, I start to think about the way things used to be. (Yeah, and I’m...
NEWS: Brookfield Infrastructure completes acquisition of Inter Pipeline; IPL to be delisted
CALGARY — Brookfield Infrastructure Partners L.P. says it has completed the acquisition of Inter Pipeline Ltd. The transaction was approved near unanimously by Inter Pipeline shareholders and received final approval from an Alberta court....
NEWS: Alberta tables bill to help municipalities recoup unpaid oil and gas property taxes
EDMONTON — The Alberta government has introduced legislation that it says would help municipalities recoup some of the millions of dollars in unpaid property taxes they're owed by energy companies. "It's a legal resource where the (municipalities)...
Crescent Point’s Q3 earnings call focuses on Kaybob Duvernay, little mention of Saskatchewan
CALGARY – Much of the discussion in Crescent Point Energy Corp.’s third quarter earnings call on Oct. 28 was about the company’s April 1, 2021 Kaybob Duvernay acquisition in Alberta from Shell for $647.1 million cash and 50 million shares, and its subsequent...
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NEWS: Exxon CEO denies spreading disinformation on climate change
WASHINGTON (AP) — ExxonMobil’s chief executive said Thursday that his company “does not spread disinformation regarding climate change″ as he and other oil company chiefs countered congressional allegations the industry concealed evidence about the dangers of it. In...
NEWS: Crescent Point Energy reports Q3 profit up from year ago as energy prices surge
CALGARY — Crescent Point Energy Corp. reported a third-quarter profit of $77.5 million, up from $500,000 a year earlier, helped by higher energy prices and increased production. The company says the profit amounted to 13 cents per diluted share...
NEWS: Teck Resources Q3 profit up as commodity prices climb, beats expectations
VANCOUVER — Teck Resources Ltd. beat expectations as it reported a third-quarter profit of $816 million, up from $61 million in the same quarter last year, helped by strong commodity prices. The Vancouver-based miner says the profit amounted to...
NEWS: Suncor Energy earns $877M on increased production; doubles dividend
CALGARY — Suncor Energy Inc. says it earned a net profit of $877 million in its latest quarter as it continued to pay down debt and ramp up production in the wake of higher oil prices. The Calgary-based oil producer and refiner reported after...
NEWS: Spain presses Algeria to guarantee natural gas supply
BARCELONA, Spain (AP) — For the second time in a month, a member of Spain’s government met with Algerian officials on Wednesday to guarantee the European country’s supply of natural gas after Algeria closes a pipeline that runs through Morocco this weekend. While a...
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NEWS: University of Toronto to fully divest $4 billion endowment from fossil fuels by 2030
TORONTO — The University of Toronto says it will sell off all fossil fuel investments in its $4 billion endowment fund by the end of 2030 and target a net-zero portfolio by 2050 to help fight climate change. The commitment includes divesting from...
David Yager: ‘Revenge of the old economy’ is great for Saskatchewan
It’s back to the basics, which is exceptionally good for the province of Saskatchewan. As the global economy emerges from the mandated lockdown to battle the COVID-19 pandemic, consumers, companies and politicians are learning the hard way what people really need to survive.
Royal Helium to begin southeast Sask. drilling program at Ogema
SASKATOON – After punching holes near Climax, Sask., Royal Helium Ltd. is shifting its helium drilling program to southeast Saskatchewan. On Oct. 26, Royal announced that licenses and permits have been received...
Aquistore runs crosswell seismic survey to monitor CO2 injection
One of those numerous baselines was running a “crosswell seismic tomography” survey between the injection and observation wells. That basically mean putting an energy source in one well, then putting a seismic array down the second, and doing a vertical seismic survey. The initial crosswell survey was done nine years ago before injection began. Now, starting on Oct. 25, the Petroleum Technology Research Centre (PTRC), which administers Aquistore for SaskPower, started doing a follow up crosswell seismic tomography survey.
DEEP and Prairie Lithium collaborate, with one taking the upper, and the other taking lower formations
Deep Earth Energy Production (DEEP) and Prairie Lithium are working together in multiple ways, each to further their green energy initiatives. Pipeline Online spoke to DEEP CEO Kirsten Marcia and Prairie Lithium CEO
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NEWS: B.C.’s climate change plan aims for changes by 2030 for consumers, industry
VICTORIA — British Columbia has introduced a plan to reach its legislated target to reduce greenhouse gas emissions by 2030 with initiatives like slashing the number of kilometres driven and boosting the carbon tax. The new plan sets a target of...
Quick Dick McDick: Beefin’ around
Beef has one ingredient: cattle.
Also, Quick Dick uses butcher paper to explain how much land on eath is used for agriculture, and specifically, beef. It turns out there’s a lot more marginal land than arable land. We can’t grow much on it, except cattle, he explains.
And can anyone tell Quick Dick what grass eats for food?
NEWS: Regulator lays charges against Tidewater Midstream for acidic water release
CALGARY — The Alberta Energy Regulator has laid charges against Tidewater Midstream and Infrastructure Ltd. for a release of acidic water in west-central Alberta. The regulator says the release occurred in Oct. 2019 at Tidewater's Ram River sour...
Brandt Tractor adds 64 new locations across Canada, Australia, and New Zealand with $302 million Cervus purchase
REGINA – Brandt Tractor Ltd., a wholly owned subsidiary of the Brandt Group of Companies, announced on Oct. 22 it had successfully acquired Cervus Equipment Corp., following a 97.66 per cent endorsement for the deal in an October 12, 2021 vote by Cervus shareholders....
NEWS: Alton Gas cavern project in Nova Scotia scrapped by Calgary-based AltaGas
HALIFAX — An Alberta energy company has abandoned its plan to create huge salt caverns north of Halifax to store natural gas. AltaGas announced today it will decommission the Alton Natural Gas Storage Project near Stewiacke, N.S., because the...