Category: Drill, Baby, Drill

Hard men needed for bitter cold

Now Hiring: Project Greenland. “Stampede Drilling Inc. is headed north for Project Greenland, part of a major Arctic drilling campaign, and we’re looking for a tough, experienced crew ready to take on the cold and get the job done right.”

If this makes you think of Sir Ernest Shackleton’s famous ad, I’m with you. That one said, “Men wanted for hazardous journey. Low wages, bitter cold, long hours of complete darkness. Safe return doubtful. Honour and recognition in event of success.”

*Note – due to a glitch, this is a republished post.

Coulda Had A Pipeline

Your second juxtapose of the day.

I want a new country.

Canadian Competitiveness

As I was sifting through the influencer pulp this morning on the UAE decision to leave OPEC (and decided to sit it out), I stumbled upon this chart from the just released OPEC Annual Statistical Bulletin.

Let’s zoom in.

Blue is crude price, red is tax, coral is industry profit margin.

Related.

Giving Ottawa the bird on coal

Boundary Dam Power Station on the day Unit 4 returned to life. Photo by Brian Zinchuk

Boundary Dam Unit 4 fired up on April 22, and it’s more significant than you might think

Up until now, the coal-fired power refurbishment may have seemed like a lot of talk. On Wednesday, April 22, it became real. And that’s significant for a number of reasons.

Not the least of which is it is in total defiance of federal coal regulations. Saskatchewan is giving Ottawa the bird.

LNG, NDP electrical plan and Spaceballs

Brian Zinchuk: LNG, the NDP’s electrical plan and Spaceballs

End of series on NDP’s electrical plan:

Digging deep on the NDP’s “Grid & Growth” plan for Saskatchewan’ electrical grid, Part 3: Wind, Solar, Storage, Transmission & Interties

Digging deep on the NDP’s “Grid & Growth” plan for Saskatchewan’ electrical grid, Part 4: Governance, Labour, Carbon Taxes & Rates

SaskPower minister responds to NDP Grid and Growth Plan

Also:

SaskPower and Bruce Power sign memorandum of understanding to inform Saskatchewan large reactor technology assessment

Frontier Centre for Public Policy: Lee Harding: Canada is losing billions by holding back its oil and gas industry

Sask NDP’s big plan for the electrical grid: Hint – lots of wind and solar, and natural gas

I spent 11 hours working on this story, which I broke into four parts. These are the first two, the next two will come out early next week.

The NDP again want to see coal-fired power go away, “as practical.” The want to convert coal plants to natural gas, even though Saskatchewan has lots of coal but not much in the way of natural gas anymore. We drilled ten gas wells over the last decade, and Alberta did that many by noon today.

There is of course the obligatory massive buildout of wind and solar, and storage. And just coincidentally, three hours after the press conference, wind output in Alberta fell to next to nothing, again.

Digging deep on the NDP’s “Grid & Growth” plan for Saskatchewan’ electrical grid, Part 1

Part 2: Nuclear

NDP want to increase net-metering rate

Also:

Jim Warren: A History of Oil Production and Price Crises 1973-1991

Circling The Drain

Cushion the blow? That sounds like the Feds will hand out free Squishmallows at the gas pumps. Could’ve had some pipelines, but it’s getting a bit late even for that. An end to the industrial carbon tax would help, but I’m not holding my breath.

Oil prices have surged since the U.S. and Israel attacked Iran on Feb. 28, averaging more than $1.80 per litre across Canada today, compared with about $1.32 a year ago.

Carney says his government wants to help “cushion the blow” for Canadians.

 

Wildcatting in Greenland. Seriously

Stampede Drilling is going to wildcat in Greenland – and that’s no joke

Stampede Drilling, originally founded in Estevan, is sending a drilling rig to Greenland, yes, Greenland, to drill for oil. This is about as wildcat as you can possibly get, in one of the most inaccessible and hostile places on the planet.
This is NOT an April Fool’s joke, either.

(For those unfamiliar with the term, wildcatting means drilling for oil or gas in an area not previously developed. It’s a highly risky venture.) https://glossary.slb.com/terms/w/wildcat

Y2Kyoto: Blunder Down Under

Turns out, net zero was easier to reach than anyone dared dream: Australia has 403 billion barrels of shale oil — 17.5 billion of which is immediately recoverable. But it banned fracking. So now it’s begging for diesel from countries that don’t have a gallon to spare 🤡

Mais oui, it was finalement, euh, within zee reach, non? French energy giant TotalEnergies says it will no longer aim to reach net zero emission targets by 2050

More: I’m out of diesel. All the farmers are out of diesel.

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