Tag: oil

Best drilling rig count in years for Saskatchewan

Drill, Baby, Drill 6 Comments

Highest drilling rig count in Saskatchewan for several years seen Nov. 3.

WCS WTF???

Jim Warren: Differential differences: How online oil price publishers come up with vastly different WCS crude prices and why it matters

Last month when I finished with Bray I realized that there is now a wide divergence in the reported Western Canadian Select prices, depending on which site you look at. I asked columnist Jim Warren to look into it, and he spent the better part of the month on it. It turns out there are significant differences, and implications. A narrow majority of the insiders he spoke to says BNN Bloomberg is the price to follow, and that’s got huge policy implications for Canada, Saskatchewan and Alberta. That’s because it’s showing an enormous differential to WTI.

Example: Late Monday night

  • BNN Bloomberg WCS US$63.22      (WTI 96.95)
  • Oilprice.com WCS       US$91.77        (WTI 97.46)
  • AlbertaOil.ca WCS     US$81.36         (WTI 97.36)
  • EnergyNow.ca WCS   US$71.26        (WTI 97.07)

If you look at the other ones, you’ll think the differential is not a big deal. If you look at Bloomberg, it’s an enormous deal for the province’s finances. So, what is reality?

This has huge implications on the need to build a pipeline to the West Coast.

 

Five years in, and making a difference

Drill, Baby, Drill 7 Comments

Brian Zinchuk: Thank you for five years of Pipeline Online, with many more on the horizon

More on nuclear, with more to come:

Details on that Korean/US deal for the same model of Westinghouse reactors Sask is considering

SaskPower community outreach session on SMR site selection

Two CANDU models offered to SaskPower for large nuclear consideration

Lloydminster was surprised to hear large reactors may be coming their way

Tim Gitzel: Cameco is “ready for this day” announcing large nuclear for Saskatchewan

 

Also:

Weekend Watch: How Coal is Turned Into Electricity

This should be included as a required training video for all SaskPower and Crown Investments Corp. staff, as well as all MLAs.

 

How about we quintuple that?

Drill, Baby, Drill 26 Comments

Premier Scott Moe talks a lot about increasing oil production from 450,000 barrels per day to 600,000. It looks like Strathcona Resources will be a huge part of that increast (about a third), if they are successful in their plans. And that’s all in northwest Saskatchewan.

Strathcona Resources opens Meota Central SAGD facility, with big plans for more to come

Also, some pieces from Canadian Press on the new Build Canada Strong Act:

Liberals table bill to speed up major project approvals, avert labour disruptions

Five things to know about the Liberals’ new Building Canada Strong Act

And some more on the whole potash thing:

Moe warns ‘blood potash’ part of Trump’s planned deal with Belarus to thwart Canada

 

 

Trump may have laid his trump card

Drill, Baby, Drill 104 Comments
President Donald J. Trump speaks with members of the media alongside outgoing White House Press Secretary Karoline Leavitt, before boarding Air Force One at Joint Base Andrews, Maryland, Friday, August 21, 2026, en route to South Carolina. (Official White House Photo by Molly Riley)

 

Trump announces major Venezuela oil deal, and what it means for Canada

The timing of this, in the midst of a major trade dispute between Canada and the US, as well as the impending Alberta independence referendum, if likely no coincidence. Trump may have just played his trump card, as it were. If our biggest customer of our most valuable product no longer needs or wants it, what are we to do?

No can do

Drill, Baby, Drill 54 Comments

Moe: “We cannot in any way support the adding of export tariffs on a product like oil”

“Again, this is only a function of a flawed policy discussion that we have had in this nation over the course of the last decade or better, where we see those very, in all too often, those very same individuals that are promoting export tariffs on a product like oil, 10 years ago, were the very same individuals standing up and saying we should not build important energy security infrastructure like the Energy East Pipeline.” – Scott Moe

Think about this: The top three contributors to Saskatchewan’s GDP is oil, potash and ag, with oil and potash vying for top spot (usually it’s oil, but potash might beat it this year). If we put an export tax on any of those, we’re shooting ourself through the foot, floor, and neighbour’s ceiling in the apartment below us.

How much? A zillion? Surely more than that!

Ethical Energy 7 Comments

NDP claim coal refurbishments will cost even more, while SaskPower minister tours Boundary Dam and Estevan mine

On a day when the Minister Responsible for SaskPower was touring the work done on the coal-fired Boundary Dam Power Station Unit 4 and the nearby Estevan coal mine, the Saskatchewan NDP was quoting another number, their highest yet, as an estimated cost of the coal refurbishments. But what are those numbers based on?
Pipeline Online digs into that analysis, and finds the scenarios each to have significant flaws.

Also:

Jim Warren: Why the biggest oil supply crisis in history hasn’t produced the highest crude prices in recent history

About that most recent pipeline announcement …

Drill, Baby, Drill 42 Comments

Digging deep: Smith and Ford announce Northern Shield Energy Corridor pipeline

Call it Energy East 2.0, but kinda sorta, not really. There’s no Moosomin on-ramp like Energy East. It doesn’t make it past the Quebec border, yet. But it could possibly have offshoots to Churchill and maybe James Bay. This is the Saskatchewan perspective story on this pipeline

Also:

Finding a side hustle on TikTok, young Estevan man brings old headlights back to life and saved me $493.80

Brotherhood is not comrades with NDP these days

Baiting The Left Drill, Baby, Drill Ethical Energy Great Moments In Socialism 6 Comments

International Brotherhood of Electrical Workers respond to NDP coal position: “A deliberate misrepresentation of costs”

It turns out if the NDP wants your job to disappear, they don’t get your support. Imagine that? As in, if they want your house to lose half or more of its value, you to lose your job, and would rather spend money on gas from Alberta or wind and solar, what would you think?

—

Wait, isn’t this how it was done before?

Feds want pipeline projects reviewed by energy regulator instead of impact agency

Also

Pipeline company Enbridge unfazed by rival oil shipping projects

LNG, NDP electrical plan and Spaceballs

Climate Cult Drill, Baby, Drill 4 Comments

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

Wildcatting in Greenland. Seriously

Drill, Baby, Drill 28 Comments

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

Could Iran be the next “Forever War?”

Drill, Baby, Drill 55 Comments

Weekend Watch: The Iran War Expert: I Simulated The Iran War for 20 Years. Here’s What Happens Next.

While watching this, consider if the Iran War does become a forever war, what will it’s impact be on oil production, delivery through the Strait of Hormuz or lack thereof, the world economy, Canadian and Saskatchewan oil production could be profound and last years? Could this lead to a global recession, but good times for our oilpatch? Remember the $147 WTI barrel of July, 2008, led to the global financial crisis that September. Some of us are still bearing the scars of that.

I know I am.

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