On Tuesday, at one of the world’s largest enhanced oil recovery (EOR) carbon capture utilization and storage (CCUS) projects, Saskatchewan, Energy and Resources Minister Bronwyn Eyre announced the provincial government’s key priorities to advance private sector investment in CCUS. “We want to build on Saskatchewan’s energy strength and make our province the most competitive jurisdiction… Continue reading Province Announces Carbon Capture Utilization and Storage Priorities
Category: Oil & Gas
Inactive Well Program Sees Strong Indigenous Participation
Saskatchewan’s Accelerated Site Closure Program (ASCP) has led to strong participation in two affiliated provincial programs, the First Nations Stewardship Fund and the Indigenous Business Credit Pool, which were announced in January 2021. Both programs were developed in partnership with the Saskatchewan First Nations Natural Resource Centre of Excellence and an Indigenous working group and… Continue reading Inactive Well Program Sees Strong Indigenous Participation
August Oil And Gas Public Offering Raises Largest Amount Of Revenue Since 2019
Saskatchewan’s August public offering of Crown petroleum and natural gas rights held on Tuesday, August 10, 2021 raised $3,124,990.99. This is the most revenue raised in a petroleum and natural gas public offering for the province since December 2019. Of the 63 parcels posted, 58 parcels received acceptable bids. These bids covered 29,734.758 hectares and the average bonus… Continue reading August Oil And Gas Public Offering Raises Largest Amount Of Revenue Since 2019
Imperial Oil Limited Earns $366 Million in Second Quarter, Boosts Production to Highest Level in 25 Years
Source: The Canadian Press, JWNEnergy.com, August 05, 2021 Imperial Oil Limited says it earned $366 million in the second quarter and boosted production to its highest level in 25 years for the same period. The Calgary-based company says it earned 50 cents per share in the three months ended June 30, compared with a net… Continue reading Imperial Oil Limited Earns $366 Million in Second Quarter, Boosts Production to Highest Level in 25 Years
Biggest Weekly Loss For Oil Since March
Source: Jessica Summers and Sheela Tobben, bnnbloomberg.com, July 18, 2021 Despite the pullback, crude has surged about 13 per cent over the last three months as a global vaccine rollout helps restore economic activity. Oil declined the most this week since March as a resurgence of Covid-19 threatened the outlook for global fuel consumption in… Continue reading Biggest Weekly Loss For Oil Since March
Major Pipeline Investment Comes to Saskatchewan
The Government of Saskatchewan announced the first completed, in-service pipeline project under the provincial Oil Infrastructure Investment Program (OIIP). The Husky Midstream’s Saskatchewan Gathering System Expansion near Spruce Lake consists of 62 kilometres of new pipeline and 12 kilometres of replacement pipe. It will accommodate a new shipping capacity of up to 48,000 barrels per… Continue reading Major Pipeline Investment Comes to Saskatchewan
TC Energy Terminates Keystone XL Pipeline
Source: Staff Reuters, globalnews.ca, June 10, 2021 The expansion was green-lit by former U.S. president Donald Trump in January of last year. TC Energy said on Wednesday it had terminated the Keystone XL pipeline project. The move comes five months after U.S. President Joe Biden signed an executive order to revoke the permit that would… Continue reading TC Energy Terminates Keystone XL Pipeline
Strong Year For Targeted Mineral Exploration Incentive Program
Exploration Activity Leads To Gold Rush In Saskatchewan, World’s First Carbon Neutral Copper Mine The Government of Saskatchewan’s Targeted Mineral Exploration Incentive (TMEI) program reached an all-time high in 2020-21, attracting $9.8 million of investment in 113 new drill holes for base and precious metals. The TMEI supported significant exploration for gold, in particular. In… Continue reading Strong Year For Targeted Mineral Exploration Incentive Program
First Year of Inactive Well Program off to Great Start
$184 Million To More Than 500 Saskatchewan Companies For Work On Inactive Oil And Gas Sites Saskatchewan’s Accelerated Site Closure Program (ASCP) has seen strong uptake and success during its first year. The ASCP provides funding to Saskatchewan-based oil and gas service companies to conduct abandonment (clean-up) and reclamation work of inactive oil and gas… Continue reading First Year of Inactive Well Program off to Great Start
Saskatchewan Filing Amicus Brief In US Keystone Pipeline Lawsuit
Saskatchewan will be filing an amicus brief in support of 21 US states fighting President Biden’s decision to cancel the Keystone XL Pipeline. “The cancellation of this pipeline will have a significant negative impact on resource sector jobs in Saskatchewan and across North America,” Justice Minister and Attorney General Gordon Wyant said. “It will ultimately… Continue reading Saskatchewan Filing Amicus Brief In US Keystone Pipeline Lawsuit