Enbridge in talks about Mainline pipeline expansion as Canadian oil output grows
Enbridge Inc. has begun talks with its customers about expanding its Mainline pipeline network to handle growing volumes of Canadian oil output, the Calgary-based company said Friday.
Veren intends on spending 15% of its 2025 capital budget in Saskatchewan
The company plans on spending 85 per cent of its $1.48 billion to $1.58 billion 2025 capital budget in the Duvernay and Montney assets, and just 15 per cent in Saskatchewan.
Canadian Natural Resources reports $2.27-billion third-quarter profit
CALGARY — Canadian Natural Resources Ltd. reported a third-quarter profit of $2.27 billion, down from $2.34 billion in the same quarter last year.
SeaRose floating oilfield vessel en route back to Canada after refurbishment: Cenovus
CALGARY — Cenovus Energy Inc. reported its third-quarter profit fell compared with a year as its revenue edged lower.
Trevor Rose Podcast: Scott Saxberg
Trevor Rose has some pretty spectacular podcasts with movers and shakers in the energy industry, but this podcast with Scott Saxberg, founder and former CEO of Crescent Point, has got to be one of his best. As an outside observer who spent the better part of a decade observing what Crescent Point was doing, with its phenomenal growth to at one point the largest producer in Saskatchewan, this interview was fascinating.
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Brian Zinchuk: How will tripling maximum electrical pricing in Alberta help consumers?
Here’s the hourly price for power in Alberta in September, with 114 hours of zero dollar pricing. Notice the price spikes? It is common for the price to reach near the theoretical maximum. In September, it didn’t, but on Tuesday, it did. What do you think will happen when the maximum triples?
Pamela Wallin and John Gormley discuss the Saskatchewan election results
Senator Pamela Wallin and John Gormley discuss the results of the Saskatchewan election. Mentioned several times is the importance of energy to the economy.
Ottawa fires back at Alberta’s application for judicial review of carbon price
The federal government says Alberta Premier Danielle Smith’s application for a judicial review of Ottawa’s carbon levy is nothing more than political posturing.
Precision Drilling expects rig demand growth with LNG Canada startup
Precision Drilling Corp. said it will be closely watching the startup of this country’s first liquefied natural gas export facility after being caught off guard by the dramatic increase in drilling following the opening of the Trans Mountain pipeline expansion.
The loonie is trading at lows not seen in years. Here’s what it means for Canadians
The Canadian dollar is trading against the U.S. dollar at levels not seen since 2020 as the combined pressures of economic outlooks, elections, and energy prices weigh. Here’s what you need to know.
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Top 10 Conventional Saskatchewan oil wells in August – Surge surges
All 10 of the Top 10 conventional oil wells in Saskatchewan came from southeast Saskatchewan in August, with the first heavy oil well coming in No. 11. Surge Energy Inc. knocked it out of the park in August, with three of the top four conventional wells in...
Alberta Premier Smith says lower-than-forecast oil prices could mean budget deficit
Alberta Premier Danielle Smith says a potential budget deficit next year is not off the table as oil prices sit below what was projected.
Precision Drilling sees third-quarter profits rise on stronger Canadian rig demand
Precision Drilling Corp. says it earned $39 million in the third quarter of 2024, nearly double what it earned in the same time period last year.
Alberta applying for a judicial review of federal carbon price, calling it unfair
Premier Danielle Smith says Alberta has applied for a judicial review of Ottawa’s exemption of the carbon levy on home heating oil.
Sask drilling rig report: Rigs working on oil, potash, helium and lithium
The drilling rig report for Oct. 28 demonstrated the growing variety of resources been accessed through the drill bit.
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What a Sask Party win means for energy – seeking to hit 600,000 bpd, and eventually 1 million; nuclear power development
Drill, baby, drill. Moe wants to increase oil production in Saskatchewan to 600,000 barrels per day, but eventually to 1 million. His government will spend a substantial amount of its time over the next four years preparing for the final decision on small modular reactors in 2029. And expect the carbon tax fight to continue, along with other energy and climate fights.
Ontario government moves to extend 5.7 cent gas tax cut to June 2025
Ontario is moving to extend a 5.7-cent cut to the provincial gas tax until next summer.
Oil prices fall as reality of weak global demand overtakes risk of wider war in Middle East
Global oil prices are falling sharply after a retaliatory strike by Israel over the weekend targeted Iranian military sites rather than its energy infrastructure as had been feared.
Jim Warren: Let the milk flow, but keep the oil in the ground – Quebec’s separatists are now dictating Canadian trade policy
For the past decade, Quebec’s political parties have been arguing over who hates oil and Western conservatives the most along with which party can claim bragging rights for being the best at extorting benefits from the rest of Canada.
The Latest: Trump sits down with Joe Rogan, Harris rallies with Beyoncé
Kamala Harris and Donald Trump centered their attention on Texas on Friday with both presidential candidates holding events in the staunchly Republican state. The vice president teamed up with Beyoncé for a rally aimed at highlighting the perilous medical fallout from the state’s strict abortion ban and putting the blame squarely on Trump.
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Harris vs. Trump: Where the candidates stand on the climate crisis
Environmental experts are warning American voters that whoever takes the White House could set a path forward or pull the world backwards at a critical time for the climate crisis.
Strathcona Resources Ltd. announces retirement of president and CEO Rob Morgan, and shift to four operating units
Strathcona Resources Ltd., a significant heavy oil producer in northwest Saskatchewan, announced on Oct. 24 the retirement of Rob Morgan as president and CEO, effective October 31, 2024. And that retirement will lead to a significant change in the management of the company, essentially breaking it up into four operating units.
Natural gas producers await LNG Canada’s start, but will it be the fix for prices?
Natural gas producers in Western Canada have white-knuckled it through months of depressed prices, with the expectation that their fortunes will improve when LNG Canada comes online in the middle of next year. But the supply glut plaguing the industry this fall is so large that not everyone is convinced the massive facility’s impact on pricing will be as dramatic or sustained as once hoped.
Brian Zinchuk: After braying about oil and gas classes, there was nary a peep when tourism and automotive got similar classes
When an Oil and Gas 20 and 30 class was announced in June, there was much braying from the media about the horrors of indoctrinating kids. But at the beginning of the school year, similar classes were announced for tourism, automotive and autobody. And those critics have yet to issue a peep about the horrors of hoteliers indoctrinating kids. That says something about the media critics, doesn’t it?
Trudeau says he will lead party into next election despite caucus revolt
One day after Prime Minister Justin Trudeau was presented with a letter from some of his MPs asking for his resignation, he made crystal clear he is not going anywhere.