Source: Dan Healing The Canadian Press, globalnews.ca, December 30, 2020 The water flowed into an unnamed creek and then into the North Saskatchewan River. Contaminated water that leaked from an oilfield pipeline on Christmas Day has entered the North Saskatchewan River but has had no detectable impact on it, says a spokesman for Calgary-based oil… Continue reading Near Drayton Valley, 400,000 Litres of Produced Water Spills From Pipeline
Category: Oil & Gas
More Upheaval for Canada’s Energy Industry Braces in 2021
Source: Tony Seskus, cbc.ca, December 27, 2020 There are a lot of questions about what recovery will look like. Some argue the pandemic will usher in change as more people working from home instead of commuting. Turbulent, chaotic, overwhelming — it’s been the kind of year that tests a person’s nerves and their vocabulary. At… Continue reading More Upheaval for Canada’s Energy Industry Braces in 2021
$200 Million for Saskatchewan Oil and Gas Service Workers
Recently, the Government of Saskatchewan announced the allocation of $200 million for Phase Two of the province’s Accelerated Site Closure Program (ASCP). The ASCP prioritizes Saskatchewan-based oil and gas service companies. It will support more than 2,000 full-time equivalent jobs and reclaim up to 8,000 inactive wells and facilities over two years. With Phase One… Continue reading $200 Million for Saskatchewan Oil and Gas Service Workers
Judge Tosses Application to Pause Alberta Inquiry Into Funding of Oil and Gas Critics
Source: Lauren Krugel, The Canadian Press, December 01, 2020 On Friday, the court of Queen’s Bench Justice Karen Horner dismissed the application with costs. An environmental law group has lost its bid to pause Alberta’s inquiry into where critics of its oil and gas industry get their funding. Ecojustice sought an injunction in the summer… Continue reading Judge Tosses Application to Pause Alberta Inquiry Into Funding of Oil and Gas Critics
Fossil Fuels Decline but Remain Critical in Canada’s Energy Use
Source: Mia Rabson, The Canadian Press Staff, November 25, 2020 Keystone XL is already in jeopardy because U.S. president-elect Joe Biden promised to rescind Washington’s approval for the cross-border project. OTTAWA — A new report from the Canada Energy Regulator projects that if Canada strengthens its climate policies to cut more greenhouse-gas emissions, it could… Continue reading Fossil Fuels Decline but Remain Critical in Canada’s Energy Use
Biden’s Keystone XL Decision Could Mean a ‘Tough’ Moment for Canada
Source: Amanda Connolly, November 22, 2020 Biden has long opposed the pipeline, which would move roughly 830,000 barrels a day of oil from Alberta to Nebraska. If president-elect Joe Biden follows through on a campaign promise to kill the Keystone XL pipeline, it could prove a challenging moment for the Canada-U.S. relationship, says one prominent… Continue reading Biden’s Keystone XL Decision Could Mean a ‘Tough’ Moment for Canada
Oil and Gas Company Employers May Have to Cut Labour Costs Due to COVID
Source: Dan Healing, November 21, 2020 “Due to the sudden economic impact resulting from the COVID-19 pandemic after five years of depressed oil prices, energy employers had to find ways to reduce operating costs,” an Energy Safety Canada report announced. A survey by energy labour market organization PetroLMI shows that more than two-thirds of the… Continue reading Oil and Gas Company Employers May Have to Cut Labour Costs Due to COVID
$760,849.23 In Revenue Generated In October Oil And Gas Public Offering
The Government of Saskatchewan held October’s Crown petroleum and natural gas public offering on Tuesday, October 24th, which generated $760,849.23 in revenue for the province. This is the fourth of six oil and gas public offerings and brings the cumulative 2020-21 fiscal year total to $5,317,642.56. The Estevan and Swift Current areas brought in the… Continue reading $760,849.23 In Revenue Generated In October Oil And Gas Public Offering
Drilling Forecast Calls for Fewer Canadian Oil and Gas Wells
Source: The Staff The Canadian Press, globalnews.ca, October 30th, 2020 The forecast for 2021 is 47 per cent lower than in 2019. The Petroleum Services Association of Canada says it expects another “bleak” year for Canadian oil and gas drilling in 2021. It says it expects a total of 2,600 wells will be drilled in… Continue reading Drilling Forecast Calls for Fewer Canadian Oil and Gas Wells
Cenovus Energy Shares Drop After $3.8b Deal to Buy Husky Energy
Source: Dan Healing The Canadian Press, globalnews.ca, October 28th, 2020 A huge deal in Alberta’s oil patch was announced. Cenovus Energy is buying Husky Energy. The all-share deal by Cenovus Energy Inc. to buy Husky Energy Inc. for about $3.8 billion will likely spark more mega-mergers among Canadian oil and gas majors, according to a… Continue reading Cenovus Energy Shares Drop After $3.8b Deal to Buy Husky Energy