The provincial government’s Methane Reduction Oversight Committee (MROC) has wrapped up its engagement process on draft requirements for methane emission reductions but work is continuing, a government spokesperson said Friday.
The Supreme Court of Canada has upheld a Yukon Supreme Court ruling that quashed Yukon’s approval of a final land use plan for the Peel watershed, finding it lacked the authority under agreements with Yukon First Nations to make extensive changes to a final plan recommended by an independent commission.
Recently we have seen a number of publicly-traded oil and natural gas companies enter into more unconventional debt structures that have provided them more flexibility along with the additional capital to accelerate the development of their respective asset bases. These new credit facilities replaced existing conventional bank debt that these companies previously had but have come at a significantly higher cost.
The Canadian natural resources industry is undergoing enormous change. Volatile energy prices — the reality of US 55 per barrel — reduced production reliability, uncertain market access, the government’s climate change agenda, tightening environmental policy, safety, and compliance concerns along with increasing social drivers, such as social license to operate, all have resulted in industry upheaval.
Albertans now have easy access to more information on the new royalty system, giving them a better idea of the value received from royalties for crude oil, natural gas and oilsands and how they benefit from the oil and gas industry, the government said.
International Frontier Resources Corporation has received aggregate proceeds of $2.56 million from the exercise of warrants by members of the executive and technical team, board of directors and investment community.
Pengrowth Energy Corporation received notification on Dec. 1, 2017 from the New York Stock Exchange (that the company is no longer in compliance with one of the NYSE’s continued listing standards resulting from the average closing price of Pengrowth’s common stock being less than US $1 per share over a consecutive 30 trading-day period.
Marquee Energy Ltd.’s lender has completed a semi-annual review of the company's credit facility and as part of this review, the credit facility remains at $12 million, however draws are capped at $8.5 million with special approval required to access the remaining $3.5 million.
Saskatchewan, Montana, North Dakota and Wyoming jointly signed a memorandum of understanding (MOU) on carbon capture, utilization and storage (CCUS) at the Western Governors’ Association (WGA) meeting in Arizona.
Enbridge Inc. has entered into an agreement with a group of underwriters to sell $400 million cumulative redeemable minimum rate reset preference shares, Series 19 at a price of $25 per share for distribution to the public.
Exxon Mobil Corporation’s wholly owned affiliate, ExxonMobil Exploration and Production Mauritania Deepwater Ltd., has signed production sharing contracts with the government of Mauritania for three deepwater offshore blocks.
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