The province’s August public offering of Crown petroleum and natural gas rights held on August 11th 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… Continue reading Sask. Raises $2.4 Million in Revenue From August Oil and Gas Public Offering
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Managing Your Family Spending as a Couple
It’s not always easy for couples to agree on how to manage their finances, and it can be even harder in challenging times. If you are concerned about the impact this could have on your relationship, here are some tips that can help. Make a plan to manage your finances Start by creating a budget… Continue reading Managing Your Family Spending as a Couple
Oil Production Is Down 28.2 per cent
Source: Brian Zinchuk, pipelinenews.ca, July 17, 2020 Saskatchewan’s oil production went from 502,700 barrels per day (bpd) in March 2020, to 361,000 bpd in May, a decline of 28.2 per cent. In recent years, by mid-July there would be 30 to 50 drilling rigs working throughout Saskatchewan. Nearly all would be drilling for oil, but… Continue reading Oil Production Is Down 28.2 per cent
Sask.-Based Companies to Receive Federal Funding for Inactive Well Cleanup
Source: Mickey Djuric, globalnews.com, July 16 2020 The work will be spread throughout the Lloydminster, Kindersley, Swift Current and Estevan areas. More workers in Saskatchewan’s oil and gas industry will head back to work after the province approved $12 million in federal funding to clean up inactive wells. “This first parcel of work projects incorporates… Continue reading Sask.-Based Companies to Receive Federal Funding for Inactive Well Cleanup
How Will the Pandemic Affect Your Retirement
A few short months ago, a global pandemic was seen by many as a theoretical risk. Today it is causing disruptions in economies and stock markets around the world. While the potential for a global pandemic has always existed, the necessary lockdowns to protect public health and the resulting economic impact of COVID-19 is not… Continue reading How Will the Pandemic Affect Your Retirement
Supreme Court Dismisses Indigenous Challenge Against Trans Mountain Pipeline
Source: Staff The Canadian Press,globalnews.ca, July 02, 2020 The expanded pipeline will almost triple the amount of diluted bitumen flowing between a marine port in Burnaby, B.C. and Alberta’s oilsands. The Supreme Court of Canada will not hear a new appeal from British Columbia First Nations over the Trans Mountain pipeline expansion. The court dismissed… Continue reading Supreme Court Dismisses Indigenous Challenge Against Trans Mountain Pipeline
Higher Crude Oil Prices Means Baytex Can Restart Most of Its Suspended Wells
Source: The Canadian Press, jwenergy.com, June 26 2020 The company will only restore half it’s 2020 capital spending plan. Baytex Energy Corp. says it is responding to higher oil prices by bringing back on line some of the wells it had shut down in April and May to avoid selling into an oversupplied market. The… Continue reading Higher Crude Oil Prices Means Baytex Can Restart Most of Its Suspended Wells
More Canadians Are Going Hungry as COVID-19 Squeezes Economy
Source: Patrick Cain, globalnews.ca, June 24, 2020 A recent survey shows a direct connection between COVID-19’s damage to the economy and Canadians going hungry. The novel coronavirus has ravaged the national economy and more Canadians are going hungry as a result, Statistics Canada announced Wednesday. Food insecurity is sharply higher than the last time StatCan… Continue reading More Canadians Are Going Hungry as COVID-19 Squeezes Economy
Canadians Working Permanently From Home Could See Salary Changes
Source: Tara Deschamps The Canadian Press Staff, ctvnews.ca, June 22 2020 Companies need to consider what salaries will help them retain talent, but also how their costs will change if employees are working from home. TORONTO — When Mark Zuckerberg hosted a townhall in late May with Facebook’s 48,000 employees, some were tuning in from… Continue reading Canadians Working Permanently From Home Could See Salary Changes
800 Enbridge Staff Have Take Voluntary Buyouts to Avoid Layoffs
Source: The Canadian Press, pipelinenews.ca, June 18 2020 Some of the options employees have taken include early retirement, severance, educational or personal leaves of absence or part-time work. CALGARY — Enbridge Inc. says 800 employees have voluntarily left the company, allowing it to avoid layoffs as it cuts costs to counter impacts from COVID-19 and… Continue reading 800 Enbridge Staff Have Take Voluntary Buyouts to Avoid Layoffs