Tag: oil production

Well, that didn’t last long…

So much for Canada becoming an “energy superpower.” With additional pipelines to the west coast, the idea is dead in its tracks. Eby says he won’t be changing mind on another B.C. pipeline, rebuffing Ford

But but but – everyone was so happy about their confab with the new prime minister.

Premiers heap praise on meeting with Carney, but no specific projects identified.

And from the day before the meeting:

Carney discusses “partnerships” with oil and gas executives in Calgary

So much for team Canada. On CJME Tuesday morning Premier Moe said he was “done” with trying to get a pipeline built through Quebec.

And for something completely different:

You can’t hide these smiles. Lock and load

There’s more to the oilpatch than just work. You can’t hide these smiles. Lock and load

New Liberal Energy Minister sends different message

Minister of Energy and Natural Resources Tim Hodgson at the Calgary Chamber of Commerce, verbatim

In Pipeline Online’s continuing mission to tell you exactly what the federal Liberal government is saying on energy and environmental policy, this is the verbatim speech of the new Minister of Energy and Natural Resources Tim Hodgson, who spoke at the Calgary Chamber of Commerce on May 23. In this case, the ministry was kind enough to provide the transcript online, indicating this is a message they really, really want to get out there.

And it is worth taking in. This guy sounds NOTHING like Wilkinson or Guilbeault. He promises reviews in 2 years, not 5. Wilkinson wanted to keep it in the ground.

You can also watch it in the link provided in the story on CPAC’s YouTube channel. I encourage you to take the time to do so. It’s cued up to start at his speech, but if you want to hear his background, which including working on the financing for the Alliance Pipeline, rewind a bit and hear a glowing introduction from the CEO of Suncor.

Notably, the Alliance Pipeline he mentioned financing was the last major pipeline project I worked on. I started work three weeks after my wedding. And out of the 12 guys on my road bore crew, I was the only one married once.

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For giggles, if you want to see who the Anti-Zinchuk is, this is a video from Markham Hislop. He posts daily videos hating everything about the Canadian energy sector, from every angle imaginable. In this video he shoots down the idea Hodgson speaks of regarding Canada becoming an energy superpower. Didn’t Harper come up with that? That’s right, he did.

 

It got 14000 views in less than a day, and 255 comments.

YARN | I hate that guy! | Despicable Me (2010) | Video gifs by quotes |  018ef568 | 紗

Be sure to check out the Pipeline Online Podcast at 1 p.m. Monday, May 26, live on X, LinkedIn and Facebook, with guest Ken From, former CEO of SaskEnergy, TSASK, PTRC, and Prairie Hunter Energy. 

 

Canadian Deep Green State

Jim Warren: The Canadian Deep Green State. Do you think current bureaucrats believe in BANANAs? (build absolutely nothing anywhere)

The shark gets swallowed: Whitecap closes Veren (formerly Crescent Point) strategic combination. The company that pretty much defined Saskatchewan’s Bakken Boom, gobbling up over 30 companies (most of them in southeast Saskatchewan) is no more.

Pipeline Online Podcast: Ep. 9 E. Craig Lothian, CEO of Lex Capital.

AFN chief calls for review of natural resource deals amid talk of Alberta separation

We now know how much SMRs cost. A lot

This week seems to be dominated by power generation pieces. The announcement in Ontario on Thursday has enormous implications for Saskatchewan, as we’re finally getting a price tag on how much four GE Hitachi BWRX-300 reactors cost. The cost is $20.9 billion, equal to the ENTIRE Saskatchewan 2025 budget. And we’re still very early on in the process, so there’s plenty of time for cost overruns. And we would need four, actually five, to replace our existing coal fleet of 1400 megawatts. The question before Saskatchewan will soon be can we afford nuclear? And if not, do we run coal – even perhaps expand it as our power needs grow?

Ontario greenlights four SMRs identical to the model SaskPower has chosen.

Here’s the verbatim Ontario press release:

Ontario Leads the G7 by Building First Small Modular Reactor

Other news about Saskatchewan oil producers from Canadian Press:

Cenovus Energy reports $859M Q1 profit, raises quarterly dividend

Canadian Natural Resources reports Q1 profit up, record quarterly average production

Pembina Pipeline reports higher profits, revenues for first quarter

Poilievre promises an energy corridor to the coasts

Poilievre’s key energy policy: a National Energy Corridor for pipe, power and rail. Here’s his speech, verbatim.

The reality is, we largely have a such a corridor already from Moose Jaw to a third of the way through Ontario. It’s Quebec and New Brunswick that are the issue.

And just a couple hours after Poilievre spoke, we recorded this with Andrew Scheer:

Pipeline Online Podcast, Ep. 6: Andrew Scheer on a National Energy Corridor and a whole lot more, including tariffs, Clean Electricity Regulations and coal-fired power.

All things energy in Sask budget

All things energy in Saskatchewan Budget 2025

Pipeline Online combed through the budget so you don’t have to.

The biggest item for oil and gas is a new program meant to re-invigorate old, low producing wells by doing re-entries and drilling new legs on them of at least 500 metres. It will be interesting to see what the adoption of this program will be. I sure didn’t see it coming.

The story also does some digging into the goal of 600,000 or even 1 million barrels of oil production per day, and what the budget forecasts, which is essentially flat until 2029. There’s a big discrepancy  there. Guess I better get back to working on my Reaching for a Million series and pump the ministry full of ideas before the next budget cycle.

On Friday I will publish the NDP response.

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