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Old 06-23-2022, 07:36 AM   #6641
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Almost as if someone is being paid to make everything oil & gas related look bad.....
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Old 06-23-2022, 09:04 AM   #6642
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spooky.
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Old 06-23-2022, 01:57 PM   #6643
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I'm surprised that the guy who literally spouts off ignorance in every single oil & gas thread even bothers to post here.

Oh right, can't admit to the problem, so gotta driveby. Your daily contribution of knowledge. Or the opposite.
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Old 06-23-2022, 02:08 PM   #6644
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Canadian oil stocks were smashed again today, down 20-30% from their peak not long ago. If you think we're back in 1973 stagflation might not be a terrible spot to jump in.
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Old 06-28-2022, 05:09 PM   #6645
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This is pretty big:

Imperial, ExxonMobil Canada selling Alberta assets to Whitecap for $1.9 billion.

Duvernay and Montney assets.

https://www.msn.com/en-ca/news/canad...e9998475a46b62
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Old 07-04-2022, 08:25 AM   #6646
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https://twitter.com/user/status/1543890659337445377

Oh Canada....
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Old 07-06-2022, 07:14 AM   #6647
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BRUSSELS — European Union lawmakers voted Wednesday to include natural gas and nuclear in the bloc’s list of sustainable activities, backing a proposal from the EU’s executive arm that has been drawing fierce criticism from environment groups and will likely trigger legal challenges.
https://www.washingtonpost.com/busin...14b_story.html

Dare I say some common sense? Too bad Canada can't be providing them with what they need.
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Old 07-06-2022, 07:47 AM   #6648
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Originally Posted by Azure View Post
https://www.washingtonpost.com/busin...14b_story.html

Dare I say some common sense? Too bad Canada can't be providing them with what they need.
Why not, nothing is stopping Canadian companies entering long term agreements for LNG supply. Just because we don't have LNG terminals yet for major exports doesn't mean companies can't export through the US. Tourmaline signed a deal last year for LNG export for JKM pricing.
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Old 07-06-2022, 07:49 AM   #6649
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Having our own LNG export capabilities is the issue here. Demand will only continue to grow, and if Canada doesn't meet that demand, some other country is going to do with while creating more carbon emissions than we would.
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Old 07-08-2022, 06:54 PM   #6650
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Another fatality at a Suncor worksite, this is the 5th now just in the last year.

https://edmonton.ctvnews.ca/worker-k...erta-1.5978524

CEO steps down.

https://calgary.ctvnews.ca/suncor-ce...down-1.5980597

Last edited by Macman; 07-08-2022 at 06:57 PM.
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Old 07-08-2022, 06:58 PM   #6651
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Another fatality at a Suncor worksite, this is the 5th now just in the last year.

CEO steps down.

https://calgary.ctvnews.ca/suncor-ce...down-1.5980597
5 deaths is inexcusable. But 5 deaths in less than 2 years suggests that there is a very big problem.
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Old 07-08-2022, 07:02 PM   #6652
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From that article on the CEOs resignation, there have been 12 deaths since 2014, more than their peer companies combined. That’s not good.
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Old 07-08-2022, 07:04 PM   #6653
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From that article on the CEOs resignation, there have been 12 deaths since 2014, more than their peer companies combined. That’s not good.
It’s frankly a disgrace. There’s no reason for a company with their financial resources to have any issues with safety.
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Old 07-11-2022, 11:03 AM   #6654
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wrong thread.

Last edited by Fuzz; 07-11-2022 at 11:06 AM.
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Old 07-16-2022, 11:38 AM   #6655
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A look at the over budget and delayed TMX expansion.


https://calgaryherald-com.cdn.amppro...dccbe675a/amp/


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ast month, the federal government’s budget watchdog issued a report saying the Trans Mountain Expansion project, a twinning of a pipeline first built in 1953 that brings oil from Edmonton to Burnaby, was no longer commercially viable. The cost has jumped from $7.4 billion in 2017 to $21.4 billion today.
Distroscale

An economic slam dunk of an idea — moving Canada’s enormous oil reserves to energy-hungry Asian markets, instead of accepting lower prices in the shale-flooded American market — TMX is still deemed viable in downtown Calgary. Producers in Alberta have lined up for contracts, and at a $100/barrel world price, the business case remains strong.

But detractors of the project jumped on the news, arguing that TMX is now destined to be a money loser for the country. The irony, of course, is that it is delays sparked by those detractors that largely caused the costs to balloon in the first place.



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How did the cost of TMX triple since then? COVID, B.C. floods and wildfires did it no favours. But it was regulatory and permitting delays, environmental concessions, and the cost of capital, interest and labour to address all of those that have added the lion’s share. TMX has become the poster child of Canada’s broken regulatory approval system.

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But it is a bird’s nest that best highlights the disdain shown for the project. In April 2021, an Anna’s hummingbird nest was found in a tree that was felled in TMX’s clearing zone. It was reported by members of the Community Nest Finding Network, who had been watching the site. The Anna’s hummingbird conservation status is of “least concern” and its breeding range has actually expanded in recent decades. But Environment and Climate Change Canada decided to shut down construction for months, concerned that other nests could be similarly damaged. It is difficult to gauge the exact cost of this shutdown, but credible assessments have pegged it north of $100 million.
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Old 07-16-2022, 11:43 AM   #6656
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I don't understand why they didn't do all their required clearing between Sept and January like we do here in Alberta. Industry doesn't do very much clearing during nesting season, because we have to perform bird sweeps with our environmental people and will stop work if we find a nest.
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Old 07-16-2022, 11:54 AM   #6657
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I don't understand why they didn't do all their required clearing between Sept and January like we do here in Alberta. Industry doesn't do very much clearing during nesting season, because we have to perform bird sweeps with our environmental people and will stop work if we find a nest.
I’d suspect that is schedule driven and key timber permits likely weren’t obtained in time. I doubt anyone plans to clear trees in nesting season.
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Old 08-30-2022, 09:47 AM   #6658
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Workers Allegedly Threatened With Jail if They Don't Work Overtime

https://www.newsweek.com/workers-all...reddit-1737721

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The letter—dated August 25—said, "For the last three days scaffolders have refused to work overtime beyond their 10 hour shifts at the Suncor Base Plant site and have refused to accept overtime shifts for the weekend (Fri-Sun on both day and night shifts)."

The company and union representatives appeared in front of the Alberta Labour Relations Board (ALB) that day, said the memo. The Board had ruled that the scaffolders' coordinated refusal to work "voluntary" overtime constituted an "unlawful strike" violating the Labour Relations Code.
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Old 08-30-2022, 10:26 AM   #6659
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Workers Allegedly Threatened With Jail if They Don't Work Overtime

https://www.newsweek.com/workers-all...reddit-1737721
A copy of the board’s findings on this:

http://www.alrb.gov.ab.ca/decisions/GE_08829.pdf
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Old 08-30-2022, 11:19 AM   #6660
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Originally Posted by iggy_oi View Post
A copy of the board’s findings on this:

http://www.alrb.gov.ab.ca/decisions/GE_08829.pdf
"Get back to work and be quiet about it."
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