The Alberta NDP government rolled out a $1.4-billion plan Tuesday it says will further help industry reduce carbon emissions while making the province’s oil and gas sector more competitive on a global scale.
The Alberta government this morning unveiled Carbon Competitiveness Incentives (CCIs), which it says will attract investment in clean technology, protect and create jobs and diversify Alberta's economy while reducing carbon pollution.
Companies who want to hold and acquire energy licences in Alberta will face increased scrutiny by the Alberta Energy Regulator (AER) with changes announced today to the directive governing eligibility requirements.
If you’re a Canadian-based condensate producer, you’re already benefitting from a domestic shortage of the product, used mostly to lower the viscosity of heavy oil and bitumen for pipelining and for other purposes, and that shortage should grow going forward, leading to higher prices for the product that is derived from wet gas.
The Alberta government has approved two oilsands commercial projects, authorizing the Alberta Energy Regulator (AER) to issue approvals to Canadian Natural Resources Limited and to Andora Energy Corporation.
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.
Gibson Energy Inc. announced a 2018 growth capital expenditure budget in the range of $120 million to $150 million, with in excess of 90 per cent of investment directed towards sanctioned growth projects.
Calfrac Well Services Ltd.’s 2018 capital budget of approximately $132 million includes $104 million of maintenance capital, $22 million in refurbishment capital and $6 million in corporate initiatives.
Kinder Morgan Canada Limited has entered into an agreement with a syndicate of underwriters led by CIBC Capital Markets, Scotiabank, RBC Capital Markets and TD Securities pursuant to which the underwriters have agreed to purchase from the company, eight million cumulative redeemable minimum rate reset preferred shares, Series 3 at a price of $25 per share for distribution to the public.
Tidewater Midstream and Infrastructure Ltd. and TransAlta Corporation have entered into a letter of intent (LOI) for Tidewater to construct a 120-kilometre natural gas pipeline from its Brazeau River Complex (BRC) to TransAlta’s generating units at Sundance and Keephills.
Marquee Energy Ltd.’s board of directors has approved the grant of 16.98 million stock options to purchase common shares of Marquee to certain officers and employees of the company, subject to regulatory and TSX Venture Exchange approval.
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