Source: Karen Briere, producer.com, November 19, 2021 Tom Whalen from the RM of South Qu’Appelle said repayment takes far too long. Saskatchewan rural municipalities say oil and gas companies are increasingly defaulting on property taxes, leaving RMs short money and unable to provide the required level of service. Several resolutions passed at last week’s mid-term… Continue reading Sask. RMs in Lurch After Unpaid Oil, Gas Taxes Mount
Tag: oil
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
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
Canada Asks U.S. Court to Block Line 5 Pipeline Shutdown
Source: cbc.ca, May 13, 2021 Line 5, which runs through Michigan from the Wisconsin city of Superior to Sarnia, Ont., crosses the Great Lakes beneath the environmentally sensitive Straits of Mackinac. Canada is asking a U.S. court to stop the state of Michigan from shutting down a pipeline that supplies fuel to much of Ontario… Continue reading Canada Asks U.S. Court to Block Line 5 Pipeline Shutdown
Canada’s Largest Helium Facility Opens in Saskatchewan
Source: Jonathan Guignard, globalnews.ca, April 28, 2021 Canada has the fifth-largest helium resource in the world, with significant underground reserves in Saskatchewan. Saskatchewan now has the largest helium production facility in Canada after it opened near Battle Creek on Tuesday. Owned by North American Helium Inc. (NAH), the $32-million plant is expected to produce more… Continue reading Canada’s Largest Helium Facility Opens in Saskatchewan
Greening Of the Pipeline Grid
Solar project now supplies power to the Enbridge Mainline pipeline which runs through Alberta The southern prairies see greater than 2,400 hours of sunshine annually, compared to between 1,200 and 2,000 hours in the rest of Canada. It may not seem like it at times, but the prairies typically see some sunshine about 320 days… Continue reading Greening Of the Pipeline Grid