Economic impacts of the COVID-19 virus have hit the energy sector extremely hard in the last several weeks. Gas prices in Regina continue to reflect that reality as they drop due to the virus. Most stations in Regina are selling gas for 76.9¢ per litre, when just weeks ago prices were in the $1.00 per […]
The lockout at the Co-Op Refinery will continue as the employer is saying no to recommendations given to the provincial government from special mediator Vince Ready. Federated Co-Op says after analyzing the report, they can not accept all aspects of the recommendations in their entirety and that modifications are needed especially after the outbreak of […]
Analysts expect to see lower Canadian oil production this year as producers follow the example of Cenovus Energy Inc. in slashing capital spending budgets amid tumbling oil prices. After seeing its shares losing more than half their value on Monday, Calgary-based Cenovus announced Tuesday it would cut its capital spending plan for 2020 by 32 […]
A Wet’suwet’en hereditary chief and senior government ministers say they have reached a proposed arrangement in a pipeline dispute that has prompted solidarity protests across Canada in recent weeks. Federal Crown-Indigenous Relations Minister Carolyn Bennett and British Columbia Indigenous Relations Minister Scott Fraser would not give details on the proposal, saying it first has to […]
A professor taking the University of Regina to court to find out who’s funding research into oil and gas as well as climate change says a dangerous precedent could be set if the information stays secret. Emily Eaton, who teaches in the university’s geography and environmental studies department, is researching the influence of the fossil […]
Four members of Scott Moe’s cabinet are on a committee being established to evaluate pipeline projects in Saskatchewan. The Pipeline Projects Assessment Committee will “review and assess the viability of pipeline projects in Saskatchewan, and possible government involvement in investing, stimulating, or generally advancing these projects.” The four ministers who will be on the committee […]
It could be another challenging year for Saskatchewan businesses. The Vice President of the Prairies and Agri-business at the Canadian Federation of Independent Business says 2019 was difficult because of a struggling oil and gas sector while a weather plagued harvest was complicated by international irritants for crop exporters. Marilyn Braun Pollan points out business […]
A school board in southeastern Saskatchewan, where many people work in the energy industry, is apologizing after some parents took offence to a Christmas play with an environmental theme. Last Thursday, children at Oxbow Prairie Horizons School put on a play called “Santa Goes Green,” where elves, reindeer and Mrs. Claus work to convince Santa […]
Cenovus Energy Inc. plans to increase its capital spending in 2020 compared with this year. The energy company says it plans to invest between $1.3 billion and $1.5 billion in 2020, up from between $1.1 billion and $1.2 billion in 2019. Cenovus says the increase is largely due to a deferral of spending this year […]
Oil and gas producer Crescent Point Energy Corp. says it is selling Saskatchewan midstream assets for $500 million as part of a divestiture strategy adopted following a management shakeup last year. The Calgary company says it has struck a deal to sell nine natural gas processing facilities and two gas sales pipelines with total throughput […]
