Tag: oil production

Guilbeault thinks he’s getting his wish. Is he?

Steven Guilbeault. X/@s_guilbeault

 

“We reached a historic consensus to move away from fossil fuels in energy systems,” Guilbeault’s statement on the conclusion of COP28, verbatim.

And the Canadian Press version:

Guilbeault hails ‘monumental’ COP28 deal, others warn of ‘dangerous distractions’

Also:

COP28 Agreement Signals “Beginning of the End” of the Fossil Fuel Era: the verbatim press release

And the conclusion from yesterday’s op-ed:

Op-Ed: Deidra Garyk: The Impact of ESG on the Energy Sector, Part 2

 

Hans Gruber or Steven Guilbeault? Can you see the difference?

And since it’s the Christmas season, and Die Hard IS a Christmas movie, here’s a little Hans Gruber. Notice any resemblance to anyone? And if you don’t think Die Hard is a Christmas movie, fight me! Yippee Kai Yay, …

 

Wet’suwet’en protests, deep dive into ESG, Part 1

Like or hate it, believe it’s a passing fad or the wave of the future. #ESG came out of nowhere about four years ago and now is at the forefront of concern for almost every larger business in the energy sector, and beyond. This Op-Ed by Deidra Garyk studies the Impact of ESG on the Energy Sector, Part 1. Watch for Part 2 tomorrow.

And along those lines, the Coastal GasLink project was an ESG nightmare, with protests across the country. This Canadian Press story says Police violated protesters’ rights in Wet’suwet’en pipeline blockades, Amnesty says

Also, oil prices are plummeting. This is not good, here, there or, apparently, in New Mexico

No. 2 oil-producing US state braces for possible end to income bonanza in New Mexico

COP28: Canadian gov’t focused on shutting down oil and gas while Saskatchewan was speaking for it

Feds “focused on targeting the shutdown of a complete industry, regardless of whether they’re going to meet their emissions targets or not,” says Saskatchewan Premier Moe in Dubai

Pipeline Online speaks with Premier Scott Moe at conclusion of Dubai COP28 trip. (Another reporter asked questions, too, like do you believe the planet is warming…?

Unions and five year plans in “Just Transition” legislation

There are no unions on drilling rigs. Photo by Brian Zinchuk

Unions? What unions? The “Just Transition” legislation talks about unions in the oilpatch.

The problem is, except for refining, oil sands and big inch pipeline construction, unions are all but non-existent in the oilpatch. But hey, the legislation also includes five year plans, with the exact implications of what that means. Total transformation of the economy.

Fighting the carbon tax tooth and nail

Pipeline Online did In depth interview with the woman at the centre of the carbon tax storm, Conservative Natural Resources Critic Shannon Stubbs. This is part 1.

Also, hope for rising oil prices to lead to an increase in activity were dashed, so one of Saskatchewan’s serial entrepreneurs relocated one of his operations, based in Regina, to North Dakota, instead. Anyone care to guess why Canada’s oilpatch didn’t see an uptick in activity, and does it rhyme with “Doh?”

They’re just not that into Saskatchewan anymore…

Crescent Point Energy increases in size by a third with purchase of Montney player Hammerhead Energy Inc. for $2.55 billion. The company is in the hunt again, but its focus is Alberta, not Saskatchewan.

This is significant news. I’ve been saying for a while that Crescent Point has lost interest in Saskatchewan, and any day now we can expect the company to sell off its assets here. Note that both Shaunavon and Weyburn have rinks called “Crescent Point Place” and the lounge at the Estevan rink is similarly named. I pointed out in the story the company for a brief time was Saskatchewan’s largest oil producer. They did over 20 acquisitions (actually closer to 30, I believe), most of them in Saskatchewan, creating many millionaires and making a lot of people rich. But these days it is readily apparent their interest is elsewhere. The only references to Saskatchewan were, at the top of the list of highlights, that this deal “Transforms company into a Montney and Kaybob Duvernay focused E&P with complementary long-cycle assets in Saskatchewan.”

Also noteworthy – with this announcement they are increasing the Alberta proportion of their capital expenditure to 80%, up from the 70% from just a few weeks ago. It wasn’t that long ago, it was more like 95% in Saskatchewan.

So if you want to know why our drilling rig count is down so much, why $80 to $90 oil doesn’t have activity shooting up in this province – here’s your answer.

Steven Guilbeault. Screenshot from CPAC

Also, Guilbeault says no more carbon price carve outs on his watch, as Tory motion fails.

And some nutjobs attacked a painting, in London, again. But since there’s glass over paintings now to protect them from paint, these folks used hammers.

If someone’s going to make billions in the lithium world, maybe we in Saskatchewan should put some of that in our pocket. One of the three active lithium explorers in Saskatchewan is moving closer to commercialization. This is a video I did showing what’s going on. Lots of cool shots of earthmovers.

Canadian company loading supertankers in Texas, with American oil

We never did build an oil export port at Kitimat. But Calgary-based Gibson Energy recently bought a massive, nearly brand-new oil export facility on the Texas Gulf Coast. And this one is capable of loading supertankers. Too bad there wasn’t one on the BC coast they could have bought.

Also, Brian Zinchuk talks to John Gormley Live about the carbon tax, helium, wind, solar and more.

Can solar flatline for a whole day? Yep.

Can solar power essentially flatline for a whole day? It did in Alberta on Monday

How is it some people are arguing a pipeline treaty is “dormant?” Would that make other treaties, say those with First Nations, also dormant?

I’ve been writing about the phenomenal growth of the North Dakota Bakken for the better part of 15 years. In 2008, the state produced around 90,000 barrels per day. By 2014, it was something like 1.2 million. Currently it’s around a million or so. A major player was Hess Corporation, which currently produces about 175,000 barrels of oil equivalent in North Dakota. But curiously, none of the supermajor oil companies were involved in North Dakota. Well, that changed, as Hess is being bought by Chevron.

 

Suncor CEO called out on the carpet for no longer drinking the Kool-aid

What, actually caring about profits is bad now?

Kruger was at the House of Commons natural resources committee to explain comments he made to shareholders in August about reducing his company’s emphasis on the transition to lower-emitting energy sources.

Kruger said his comments were misinterpreted as Suncor ending its commitment to curbing its carbon footprint, when the focus is really on ensuring the company is making profits now to be able to afford the required investments in decarbonization.

Also, North American Helium opens its seventh helium processing facility in Saskatchewan. For those who might be counting, that’s the fourth in less than a year.

And Tourmaline buys Bonavista Energy

And the Energy Transition Podcast talks about threats multiplying to global energy security.

 

Scope 3 emissions? What on earth is that?

Dr. Tammy Nemeth has been warning about this in her recent podcasts, and now the head of the TSX is doing the same. Small-cap companies not ready for climate disclosure rules: TMX Group CEO. Start counting those Scope 3 emissions, folks.

Along those lines, if they can’t protest you to extinction, they’ll litigate you. Greenpeace files securities complaint against Suncor over climate risk disclosures. 

If I take part in #protests, can I claim some sort of journalist protection, too? RCMP dispute photojournalist’s account of arrest while covering pipeline protest  

Hey, wasn’t this the guy behind the Kesytone Pipeline projects in the first place? TC Energy names former CEO Hal Kvisle as chair of new liquids pipeline spinoff.

And from the day before, Exxon buys Pioneer Natural for $59.5 billion. And here’s what it could mean for Canada. Isn’t that something like three times Canada’s entire defence budget?

Oh, and a University of Calgary prof is taking tactics out of a U of R prof’s handbook (I don’t think it’s the Communist Manifesto, but I could be wrong). Academic report calls for public inquiry into Alberta Energy Regulator. (The U of R prof sued her own university a while back, and yet is still employed.)

In Pipeline Online’s neverending quest to let the public know exactly what our federal government & Steven Guilbeault is telling us about climate change, here is a verbatim, unfiltered press release from Oct. 12 regarding the carbon tax in New Brunswick.

And our favourite minister, Steven Guilbeault, announced “Canada’s Circular Economy month in October.” Except instead of doing so on the 1st of the month, he did it on the 12. Maybe circular months have no beginning, no end. Think of Groundhog Day, with Steven Guilbeault telling us every day, forever, how we are horrible people…

Forget a northern energy corridor to Hudson Bay – just do it within Manitoba instead

There’s an election today in Manitoba, so all bets are off if the NDP forms government. But on the off chance that the Conservatives hold power, here goes. The conservative premiers of Alberta, Saskatchewan and Manitoba have been talking about building a new port at Port Nelson, Manitoba, on Hudson Bay. They would build a corridor of pipelines running oil and natural gas to said port, as well as rail, allowing potash exports. Maybe grain, too?  And Power from Manitoba could run west. Anyhow, here’s an alternative way to look at it, probably for a lot cheaper than building over 1,000 km of pipeline through some of the hardest rock on the planet.

And on the topic of energy, any business in Saskatchewan who wants to get in on building multi-billion dollar nuclear reactors should get someone down to Regina Wednesday morning to attend this conference.

And the Energy Transition Podcast talks about France’s Macron going full Trudeau.

And the Coastal GasLink Pipeline is now 98 per cent complete.

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