Regina’s mayor has concerns following Wednesday’s throne speech by the Liberal government. While he understands they are statements of intent and are not legislated changes yet, he feels there are “missed opportunities”. Reflecting on the throne speech and how it affects citizens of his city, Fougere said it’s important for the government to focus on […]
A program aimed at undertaking abandonment and reclamation work on inactive wells, facilities and flowlines is working smoothly. A release from the Saskatchewan government on Tuesday says $34 million worth of work packages have been approved on the “Accelerated Site Closure Program” since it was launched in May with the first projects being approved […]
The province’s August public offering of Crown petroleum and natural gas rights held Tuesday generated $2,390,943.09 in revenue. The Estevan and Lloydminster areas were the focus of the bid activity. The Estevan area brought in $1,378,336.78 for 36 parcels encompassing 2,120.463 hectares, while the Lloydminster area brought in $1,010,663.16 for nine leases encompassing 5,762.363 hectares. […]
It was on December 5, 2019 that Federated Co-Op Limited locked out over 700 workers at the refinery in Regina, represented by UNIFOR Local 594, after 48 hour strike notice was given. On June 5, 2020, six months later, the two sides are still at odds in a labour dispute which has divided a city […]
A new program aimed at dealing with the abandonment and reclamation of oil and gas wells in the province has been launched by the province. The Accelerated Site Closure Program will see $400 million dollars available over two years with the Ministry of Energy and Resouces overseeing it. Provincial Energy Minister Bronwyn Eyre says it […]
Prime Minister Justin Trudeau says he does not agree that oil and gas in Canada is dead. Bloc Quebecois Leader Yves-Francois Blanchet and Green parliamentary leader Elizabeth May both claim the oil price shock that has devastated Canada’s oil patch in recent weeks should be the final sign that the industry cannot and should not […]
The Petroleum Services Association of Canada has revised its 2020 Canadian drilling forecast to an almost 50-year record low of 3,100 oil and gas wells, a level not seen since 2,900 wells were drilled in 1972. PSAC interim CEO Elizabeth Aquin says more than $7 billion of capital investment in the energy sector has been […]
Fears that crude oil prices slammed by a global economic “train wreck” will remain low for some time are forcing Calgary-based companies to write off billions of dollars in value from their oil and gas resources. Husky Energy Inc. announced a $1.7-billion first quarter loss on Wednesday, including impairments of $1.1 billion after tax due […]
Saskatchewan’s minister of energy and resources is calling on the federal government to provide more supports for the nation’s energy sector after oil prices took a hit on Monday. In a release sent out by the government, Minister Bronwyn Eyre seemed surprised by the drop and urgently requested that more assistance is needed during the […]
A series of relief measures is being implemented by the Saskatchean government for the oil and gas sector that like many others has been impacted from the COVID-19 pandemic and a price war between Saudi Arabia and Russia that has seen the price of oil tumble. “The Saskatchewan energy sector is the second largest contributor […]
