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Pipelines, energy and natural resources

  • Thread starter Thread starter QV
  • Start date Start date
This is what I believe to be the first opening moves on some consolidation and some re-org/freeing up of some assets for what is coming over the next 4-7yrs.

Both of these events where announced today.


Suncor selling off stakes in N.L.’s Terra Nova, White Rose and West White Rose for $1.2B​

Company says its keeping interest in Hebron and Hibernia​



Cenovus Energy signs deal to buy Athabasca Oil in deal valued at $5.7 billion​

Company says deal to add 45,000 barrels of oil equivalent per day of production​

 

UK oil giant to drill in Canada as it looks beyond high tax North Sea https://www.thisismoney.co.uk/money...tml?ito=native_share_article-nativemenubutton

Brits moving out of high tax North Sea where they are under threat from Burnham's Labour.

Hibernia feeds Europe.
Suncor returns to the oil sands to increase production to fill the Pacific Link.
 
Canadian pipelines are essentially running at capacity, and the WCS/WTI spread has opened up again. More highlighting of the need to hasten better access to tidewater; we’re leaving dollars on the table with every barrel we can’t offer to other customers out of our own export terminals.

 
Canadian pipelines are essentially running at capacity, and the WCS/WTI spread has opened up again. More highlighting of the need to hasten better access to tidewater; we’re leaving dollars on the table with every barrel we can’t offer to other customers out of our own export terminals.

Brutal.
 
Don't you think we earned the current loss in income? After all, there is no market for it. And from the comments coming out of the chiefs, it will be a long time before the problem is rectified, if ever.
 
The usual suspects ... ;)

Separatist, environment, and some First Nation groups speak out against new Alberta-B.C. pipeline​

'This is not a cake walk. This is not a ‘gimme,'' B.C. Grand Chief Stewart Phillip said of the planned Pacific Link pipeline

Alberta separatists, some First Nations, and environmental groups are among those speaking out against the planned Pacific Link pipeline between Alberta and B.C. that was announced as a project of national interest on Thursday.

The designation means the project will be fast-tracked through Ottawa’s major projects office and could see construction begin as soon as next September.

In announcing the designation, Premier Danielle Smith hailed the pipeline as proof that Alberta can get a good deal from the federal government, while Prime Minister Mark Carney cited the potential economic benefits, stating, “the Canadian taxpayer is going to make a lot of money off this pipeline.”

Keith Wilson, co-leader of the separatist group Let Alberta Decide, posted to social media questioning the timing of the announcement so near the Oct. 19 referendum as well as the potential public financial burden of the project.

“That timing deserves scrutiny. It’s Ottawa playing politics to get Albertans to forget about decades of mistreatment and how Canada does not work for Alberta,” he said, later adding he hoped the pipeline ultimately gets built but also noted its lack of a majority private proponent.

“Taxpayers are now on the hook for the overwhelming majority of the initial ownership interest, while major questions remain about final financing, new B.C. tolls on Alberta oil, shipper commitments and the ultimate cost.”

 
Another example of bitumen replacing steel and aluminum.

 
The usual suspects ... ;)

Separatist, environment, and some First Nation groups speak out against new Alberta-B.C. pipeline​

'This is not a cake walk. This is not a ‘gimme,'' B.C. Grand Chief Stewart Phillip said of the planned Pacific Link pipeline

Alberta separatists, some First Nations, and environmental groups are among those speaking out against the planned Pacific Link pipeline between Alberta and B.C. that was announced as a project of national interest on Thursday.

The designation means the project will be fast-tracked through Ottawa’s major projects office and could see construction begin as soon as next September.

In announcing the designation, Premier Danielle Smith hailed the pipeline as proof that Alberta can get a good deal from the federal government, while Prime Minister Mark Carney cited the potential economic benefits, stating, “the Canadian taxpayer is going to make a lot of money off this pipeline.”

Keith Wilson, co-leader of the separatist group Let Alberta Decide, posted to social media questioning the timing of the announcement so near the Oct. 19 referendum as well as the potential public financial burden of the project.

“That timing deserves scrutiny. It’s Ottawa playing politics to get Albertans to forget about decades of mistreatment and how Canada does not work for Alberta,” he said, later adding he hoped the pipeline ultimately gets built but also noted its lack of a majority private proponent.

“Taxpayers are now on the hook for the overwhelming majority of the initial ownership interest, while major questions remain about final financing, new B.C. tolls on Alberta oil, shipper commitments and the ultimate cost.”

Of the Separatists are opposed to Ottawa being open to Alberta. It kind of messes with the narrative.
 
Of the Separatists are opposed to Ottawa being open to Alberta. It kind of messes with the narrative.
The separatists don’t like the notion of a pipeline being approved because actually getting what they have claimed they want - better treatment from Ottawa - might stop them getting what they actually want, which is Alberta not a part of Canada. They’re the dog who caught the car.
 
Closest thing we’ve got to a general ‘infrastructure’ thread so I’ll post it here.

A multibillion dollar AI data centre has been announced for Nova Scotia. The EverWind project will eventually be a 420 megawatt data center, with offshore wind generation built to eventually meet its energy needs. Anthropic (Claude AI) will be the customer.


I can foresee this one being rather contentious.
 
Closest thing we’ve got to a general ‘infrastructure’ thread so I’ll post it here.

A multibillion dollar AI data centre has been announced for Nova Scotia. The EverWind project will eventually be a 420 megawatt data center, with offshore wind generation built to eventually meet its energy needs. Anthropic (Claude AI) will be the customer.


I can foresee this one being rather contentious.
Wind is incapable of supporting an AI centre: it is too unstable. That is one reason Alberta has been selected as they have ample potential for natural gas generation and why several companies are looking at re-opening shuttered nuclear plants. It can't even be counted on as replacement power so energy from a traditional source can be used for the centre and for the same reason. Wind requires a back-up plan for when it isn't windy which seems to imply that they will have to also construct an additional power source should they elect to go for off-shore.
 
Closest thing we’ve got to a general ‘infrastructure’ thread so I’ll post it here.

A multibillion dollar AI data centre has been announced for Nova Scotia. The EverWind project will eventually be a 420 megawatt data center, with offshore wind generation built to eventually meet its energy needs. Anthropic (Claude AI) will be the customer.


I can foresee this one being rather contentious.

Maybe a lot less contention as long as they tackle the water and energy requirements properly right off the bat, along with the potential noise pollution.

That timetable however doesn't inspire much hope though. It looks a lot like one of the many unpopular speed builds that are popping up in the US.
 
Wind is incapable of supporting an AI centre: it is too unstable. That is one reason Alberta has been selected as they have ample potential for natural gas generation and why several companies are looking at re-opening shuttered nuclear plants. It can't even be counted on as replacement power so energy from a traditional source can be used for the centre and for the same reason. Wind requires a back-up plan for when it isn't windy which seems to imply that they will have to also construct an additional power source should they elect to go for off-shore.

Meanwhile, AI for all...


Trust makes adoption possible. Opportunity and sovereignty ensure adoption creates benefits for Canadians now and in the future. To realize this vision, this strategy sets out six pillars:

  • To foster trust, we will:
    • protect Canadians from the risks and harms of AI, creating rules and safeguards that build and maintain trust; and
    • strengthen multinational partnerships with trusted allies, shaping an international AI community and global standards that reflect values of mutual respect and cooperation.
  • To provide opportunity, we will:
    • power shared prosperity through Canadian institutions and companies, channeling adoption into the quality work, economic activity, and public services that benefit Canadians broadly; and
    • empower Canadians to participate in and benefit from AI, building the understanding and access that enables Canadians to shape how we use AI in Canada and pursue the opportunities AI adoption creates.
  • To safeguard sovereignty, we will:
    • support globally competitive Canadian champions, giving Canadian AI companies the resources and reach they need to project Canadian strength outward; and
    • build sovereign Canadian AI foundations in compute, data, talent, and infrastructure, ensuring Canadians can trust that the systems they adopt are built and governed on Canadian terms.

 
Meanwhile, AI for all...


Trust makes adoption possible. Opportunity and sovereignty ensure adoption creates benefits for Canadians now and in the future. To realize this vision, this strategy sets out six pillars:

  • To foster trust, we will:
    • protect Canadians from the risks and harms of AI, creating rules and safeguards that build and maintain trust; and
    • strengthen multinational partnerships with trusted allies, shaping an international AI community and global standards that reflect values of mutual respect and cooperation.
Who do you trust? The events of the last 20 months have demonstrated that there are very few trusted allies; ones who won't throw you under the bus if there is a chance to gain a leg up by doing so.
 
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