The release this week of the long-awaited court decision by the Alberta Court of Appeal to the appeal by the Alberta Energy Regulator (the “AER”) of the May 2016 ruling (the “Redwater Decision”) by the Court of Queen’s Bench of Alberta that provincial regulations are in conflict with the federal Bankruptcy and Insolvency Act (“BIA”, or the “Act”) will have implications on oil and natural gas mergers and acquisitions (“M&A”) activity.
The following chart outlines B.C. land sale bonus revenue from 2007 to 2017 year-to-date. Bonus bids have recovered nicely so far in 2017 after touching a record low in 2016, while average prices are well above rates from the last couple of years.
The expected commercial onstream date for AltaGas Ltd.’s North Pine separation project and North Pine pipelines in northeast B.C. has been moved up to the first quarter of 2018 from the second quarter of next year, says the company.
Shippers on the TransCanada Corporation Mainline will benefit from the long-term revenue and stability and increased firm contractual commitments provided by its proposed new Dawn Long Term Fixed Price Service, says the company.
The future of business is here and that means complacency is no longer an option. Living in a “comfort zone” when it comes to running operations can mean falling behind the competition; today’s environment demands flexibility to change to constantly evolving technology.
PrairieSky Royalty Ltd. always looks at the potential downside rather than the upside when considering future risk, and in that regard the biggest negative in Western Canada’s energy sector is pipeline access, says top brass.
The Canadian Environmental Assessment Agency (CEAA) must decide whether a federal environmental assessment is required for the proposed Nexen Energy ULC Flemish Pass exploration drilling project, located over 400 kilometres east of St. John's, Newfoundland and Labrador, in the Flemish Pass.
Pengrowth Energy Corporation is selling the remaining portion of its Swan Hills assets in north-central Alberta for total cash consideration of $185 million, subject to customary closing conditions and adjustments.
Leucrotta Exploration Inc. has closed its previously announced bought-deal financing of common shares of the company and common shares issued on a flow-through basis in respect of Canadian exploration expenses (CEE) under the Income Tax Act (Canada) by way of short form prospectus.
Ingenuity Lab, whose team specializes in nanotechnology, has created a unique product to suck oil out of water, and the group has been awarded $1.7 million from Natural Resources Canada to boost the project.
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