Category: Drill, Baby, Drill

We won’t be screwed again

The Churchill Falls agreement in the 1970s was one of the most lopsided imaginable, with Quebec getting thousands of megawatts of energy for a fixed price that today is so negligible to be almost considered free. Yet Newfoundland has all but starved in the decades hence. That agreement is now being renegotiated and was a major point in Tuesday’s election.

In other words, the Newfies just voted for a government that’s not going to let them get screwed again.

And for perspective, at 5428 megawatts, Churchill Falls is capable of producing more power than every single generator in Saskatchewan – coal, natural gas, wind, solar, hydro, biomass and the kitchen sink – combined.

Progressive Conservatives win majority government in Newfoundland and Labrador, with Quebec power deal a major issue

Also:

B.C. Premier Eby says lifting the tanker ban would sink billions in ‘real’ projects

Change is a constant in the universe, but many oilfield services are feeling the brunt of it

This is the heart of the Viewfield Bakken, just two miles west of Stoughton with Highway 13 on the north edge. Count all the wells in this two-section block highlighted in yellow. Half of those wells cover the other side of the road. The remaining are within these two sections. It is now possible to essentially replace all of those wells with just one, singlular open hole multi-lateral with two mile-long laterals. And three mile-long laterals are on their way, which would add one more section. In this case, there are 23 lease pads within that block (not counting the ones on the north side of the road). Similar exposure to the reservoir can now be done with just one lease pad. Google Earth.

My stomach has been tied up in knots for months as to whether I should write this story. In Saskatchewan, most of the oilfield jobs are in the oilfield services. And I’ve had more conversations than I can count as to “why things are slow.” It’s not just oil prices, which aren’t great. There is a major technological change that is happening that is impacting much of the industry. I finally decided people need to know what is actually going on in as fulsome way as possible.

I’ve always told my kids, “Do you want me to sugar coat things or tell it to you straight?” They’ve always wanted it straight. So that’s what I’m doing here.

The ‘next big thing’ is big multi-lateral wells – but the impact is devastating to many oilfield services

I Want A New Country

Good Lord, what are we waiting for?

As Prime Minister Mark Carney’s government prepares to announce the first projects of national interest it has selected, Radio-Canada has learned that no oil pipeline is on the list, according to three sources that have spoken to Radio-Canada.

“There is no [oil] pipeline project on the table,” one of them said, despite the federal government’s promise to make Canada an “energy superpower.”

No coincidence: Electricity prices in Canada just posted one of their sharpest spikes on record.

No More Pipelines

Pipeline Online Podcast Ep. 17: Andrew Roman – climate activist litigation using children and the Charter

Retired lawyer Andrew Roman joins the Pipeline Online Podcast to talk about the recent trend in climate change activist lawfare to use children as their frontmen and Section 7 of the Charter of Rights and Freedoms. He may have been the guy to come up with the phrase “No More Pipelines Act.” That one seems to have stuck. 

Y2Kyoto: Drill Old Chap, Drill

[UK Tory leader Kemi Badenough] it seems, is about to unveil a pledge to extract as much oil and gas from the North Sea as possible.

This is from the front page of the Sunday Telegraph which is carrying a headline proclaiming, “Drill the North Sea dry, says Badenoch”, mirrored by an online story headed: “Kemi Badenoch: No more net zero – extract every drop of North Sea oil”.

From the online text, we learn that this week in Aberdeen she will deliver a speech that will draw comparison to Donald Trump’s “drill, baby, drill” moment, when she will vow to abolish all environmental restrictions on fossil fuel extraction.

This, it is said, will be her greatest departure from net zero to date. It will emulate the wealth-creating approach taken by Norway and establish “a clear dividing line with Ed Miliband, who is forging ahead with net zero plans to ban new oil and gas licences.

Such a pledge, if ever translated into policy, would release the estimated 3.3 billion barrels of oil equivalent in the UK’s North Sea sector, although there may be even more, with some recent analyses suggesting that up to 7.5 billion barrels of oil equivalent could still be produced from UK waters,

To put this into context, the total annual primary energy consumption figure for the UK runs at about 550 million barrels of oil equivalent, which includes consumption directly by consumers, fuel used for electricity generation, and other transformation processes.

And, there’s more.

h/t Adrian

Peak Oil

Russia Uncovers 511 Billion Barrels of Oil Beneath Antarctica

The 511 billion barrels reported is nearly double Saudi Arabia’s proven reserves and more than ten times the North Sea’s output over the last 50 years. This isn’t a minor find—it’s one of the largest oil reserves ever reported anywhere on Earth.

The discovery was made during recent expeditions by Russian research vessels operating in the Weddell Sea. While the stated purpose of these missions was scientific, officials and analysts in the UK and elsewhere are raising concerns that Russia is using research as a cover for resource prospecting—a move that would violate the 1959 Antarctic Treaty, which bans mineral and oil extraction.

A Lot Of Locked Up Potential In The Deranged Dominion

Fraser Institute- Saskatchewan remains Canada’s most attractive jurisdiction for mining investment

Saskatchewan remains Canada’s top-rated jurisdiction for mining investment, ranking 7th globally in the Annual Survey of Mining Companies released
today by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank.

Finland is the top-ranked jurisdiction worldwide for mining investment in this year’s survey, followed by Nevada.

Full report

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