Tag: oil production

Trump Executive Order and premier responses

Trump’s Executive Order spelling out his tariffs on Canada, verbatim

Trump’s Executive Order spelling out his tariffs on Canada, verbatim

Make absolutely no mistake, these tariffs will cost American and Canadian families more: Sask Premier Scott Moe

 Alberta will continue to strenuously oppose any effort to ban exports to the U.S. or export taxes: Premier Danielle Smith

This is an attack on our country and on British Columbia families that will not go unanswered: BC Premier David Eby

Nova Scotia Liquor Corporation to remove all alcohol from the United States from their shelves: Nova Scotia premier

No victory dances’ in Alberta’s oil and gas sector, but relief over lower tariffs

Digging deep on royalties

It’s not often we have meaningful discussions on royalties in this province, so I’m giving it a major effort. Some think we should never touch royalties, ever. And the 2009 Stelmach experience in Alberta was telling. So is there ever a time to do it? What about for a new product, like lithium?

I FINALLY completed my vey detailed book review of Eric Cline’s book on potash royalties. Bronwyn Eyre and I discussed it with Eric last Monday for our inaugural Pipeline Online Podcast. The YouTube version is embedded in the story.

Eric Cline’s Squandered: Canada’s Potash Legacy, takes a hard look at royalties. Part 1 #saskatchewan

Jim Warren: How to govern while fiscally handcuffed: don’t follow the example of the Romanow NDP

You don’t see that very often – Saskatchewan’s wind power averaged 89% output on Jan. 24. And it hit 88% the next day.

 

Pipeline Online Podcast launches today

The Pipeline Online Podcast launches Jan. 20, with Brian Zinchuk and Bronwyn Eyre as co-hosts. The inaugural guest will be former Saskatchewan Minister of Finance, as well as Minister of Industry and Resources Eric Cline re his book Squandered: Canada’s Potash Legacy, and dig deep into royalties. Should they ever be changed, not just for potash, but oil and other commodities?

My cohost, Bronwyn Eyre, is former Saskatchewan Attorney General and Minister of Justice. But more significantly, she was Minister of Energy and Resources for four years. She’s been in the room where it happened, so to speak.

Assuming everything works, you should be able to watch it live at 1 p.m., Saskatchewan time, on:

It will be recorded and posted to YouTube, Apple Podcasts, Spotify and more, where you will be able to subscribe and follow on your favourite podcast app.

The plan is to do this twice a month. It might not be a regular schedule, but we’ll do as best we can.

Also:

Cenovus, Vermilion and Whitecap sign on to support new Oil and Gas 20 and 30 high school courses

Reaching for a million

When I interviewed Premier Scott Moe during the fall election, he surprised me by saying he would like to see this province reach 1 million barrels of oil production per day, up from its current ~450,000 bpd. In 2019, the Saskatchewan Party government put forward a goal of hitting 600,000 bpd by 2030.

That got me thinking – could this be done? How? What would it take?

And when he won the election and promised to get everyone a family physician, I immediately wondered, where would the money come from? How are we going to pay for all of these doctors and teachers?

And what would the benefit be if we did double oil production? The impact would be massive. Oil is already our number one contributor to GDP, greater than ag or potash. We can’t easily double either of those. But we can do something about oil.

North Dakota went from 90,000 bpd to over a million in a few short years. They have vastly superior geology in one way, but we have 30 billion barrels of heavy oil that they don’t have.

So I started asking around, and did a few interviews, the first of many.  I’ve been talking about this for a while, and now it’s time to put the pedal to the metal.

This will be an ongoing series, meant to explore just how Saskatchewan could double its oil production. Some might be naysayers. But maybe some will have some good ideas. I’m going to interview all the smartest people in the room over the coming months, even years, and keep pumping out stories. Premier Moe told me during my Christmas interview to “keep the heat on us,” and I intend to.

And in the end these stories are going to effectively be wrapped in a bow and plopped on the energy minister’s desk, with the ideas from the brightest people in the Saskatchewan oilpatch. Here you go, have at ‘er.

Reaching for a Million, Part 1: If Saskatchewan wants to pay for doctors and teachers, we need to drill, baby, drill

Pushed to the limit

They pushed us to the limit,” Danielle Smith says in fighting oil and gas emissions cap. Saskatchewan has already started on this path.

Expect similar action from Saskatchewan in the next 10 days. If you remember back in September, Saskatchewan issued its Economic Impact Assessment Tribunal take on this emissions cap, calling it a production cap.

Trent Wotherspoon

Sask NDP gas tax motion runs out of gas

Why the Sask Party lost the cities

Bronwyn Eyre: Saskatchewan election post-mortem: Why the Sask Party lost the cities

A former Energy and Resources Minister for four years, Eyre is joining Pipeline Online as a regular contributor, both as a columnist and co-host in an upcoming regular podcast that is rapidly coming together. Watch for Eyre’s continuing contributions on Pipeline Online in the weeks and months ahead. 

Also:

Alberta wind power generation falls to less than one per cent capacity, once again (Last Friday, it fell to zero. You read that right. Zero.)

TC Energy CEO sees opportunity in Trump win as company refocuses on natural gas

And, what’s this Bluesky Social all about? In the interest of staking territory, Pipeline Online is now on this new social media at @pipelineonline.bsky.social. If you’re on there, be the first to follow, I guess?

What’s a drilling rig doing southeast of Moose Jaw?

What’s a drilling rig doing southeast of Moose Jaw? Drilling a CO2 sequestration well, naturally

And what are going to use that CO2 for, pray tell? Producing more oil, baby! (Well, not the stuff that’s going into this well, but all the CO2 that’s going to go in the pipeline past it. You’ll have to read the story to understand.)

Canada steadfast on climate plan despite Trump re-election: Guilbeault

Good thing oil companies can make money in spike of Guilbeault.

Suncor Energy earnings rise to $2.02 billion in third quarter

Trump won. Build that pipeline

Donald Trump on May 26, 2016, when he was asked by Brian Zinchuk if he would approve the Keystone XL pipeline. Photo by Brian Zinchuk

Brian Zinchuk: Trump won. Let’s build that pipeline, quick!

A remarkable alignment between Trump, the US House and Senate, Danielle Smith, Scott Moe and maybe Pierre Poilievre could make it happen

Also:

Verbatim backgrounder on oil and gas emissions cap

Emissions cap puts methane in spotlight; industry says low-hanging fruit already gone

Oil and gas emissions cap and reaction, plus feds want to control radio news now, too

I was on the road all Monday, so I wasn’t able to dig into this as much as I’d like. Hopefully I’ll be able to do more in the coming days.

Guilbeault’s oil and gas emissions cap press release, verbatim

Reaction to Guilbeault’s emissions cap on oil and gas industry, Part 1

Reaction to Guilbeault’s emissions cap on oil and gas industry, Part 2

Canadian Press

Oil, gas companies told to cut emissions by one-third under planned cap

Oh, and here’s a bonus: the federal government wants to now subsidize radio news as well. Why do I hear the Emperor from the Return of the Jedi cackling in my head?

Federal government’s control of media to grow, now seeking to subsidize radio news

Maybe TMX won’t be the last pipeline, after all

Enbridge in talks about Mainline pipeline expansion as Canadian oil output grows

Enbridge in talks about Mainline pipeline expansion as Canadian oil output grows

This is very significant, as the enormous cost overruns (6x over initial budget) of the Trans Mountain Expansion seemed to scare off anyone from ever doing a major pipeline in this country again. But that was the federal government running the show.

Historically, Enbridge built a new mainline pipe about every decade. The shot above was Line 3 replacement in 2017. The previous Alberta clipper was 2008-2009. And this new development is very likely so that Enbridge is ready to go with a new Conservative government in place next year. Thoughts?

Also:

Veren intends on spending 15% of its 2025 capital budget in Saskatchewan

SeaRose floating oilfield vessel en route back to Canada after refurbishment: Cenovus

Trevor Rose Podcast: Scott Saxberg

 

On that drill, baby, drill front …

Drilling rig near Lloydminster on Sept. 10. The upgrader is on the horizon. Photo by Brian Zinchuk

Sask drilling rig report: Rigs working on oil, potash, helium and lithium

The reality is that to get anywhere close to the oil production numbers Premier Scott Moe would like to see, an increase from 454,000 barrels per day to 600,000, we’d need to double, and likely triple the current number of rigs drilling for oil, which is 32. And even then, that would still be fewer rigs than we had going in 2013.

Drill, baby, drill – in Saskatchewan

Scott Moe.

What a Sask Party win means for energy – seeking to hit 600,000 bpd, and eventually 1 million; nuclear power development, critical minerals.

Does this mean drill, baby, drill? For oil, lithium, and helium – to reach these goals, absolutely.

Also:

Jim Warren: Let the milk flow, but keep the oil in the ground – Quebec’s separatists are now dictating Canadian trade policy

For the past decade, Quebec’s political parties have been arguing over who hates oil and Western conservatives the most along with which party can claim bragging rights for being the best at extorting benefits from the rest of Canada. Jim Warren hits it out of the park, again.

No big war, prices drop:

Oil prices fall as reality of weak global demand overtakes risk of wider war in Middle East

Once you cut gas taxes, you’ll never be able to bring them back. Dumb idea if we want to keep roads.

Ontario government moves to extend 5.7 cent gas tax cut to June 2025

 

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