The oil and gas industry continued to improve the rate of solution gas conservation from crude oil and crude bitumen batteries in 2016, according to the Alberta Energy Regulator’s (AER) Upstream Petroleum Industry Flaring and Venting Report.
While Canada’s $72 billion Information Communications Technology (ICT) sector is poised to be a leader in the global technology revolution, the sector is hampered by a skills crunch, driven by the rapid speed of technological change.
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.
The federal government announced more than $80 million in new science funding for new partnerships, improved knowledge and new technologies that will help mitigate and prevent marine incidents such as oil spills.
Razor Energy Corp. has completed the acquisition of certain non-operated working interest positions to consolidate its existing Kaybob Triassic Units 1 and 2 from an arm’s length private company for cash consideration of $4.6 million, subject to customary adjustments.
Energy Transfer Partners, L.P. announced that Rover Pipeline, LLC received approval from the Federal Energy Regulatory Commission (FERC) to place Phase 1B of the Rover Pipeline project into service, bringing the 713-mile pipeline closer to its 3.25 bcf/d design total.
CES Energy Solutions Corp. announced that it has entered into an agreement with the Canada Revenue Agency (CRA) regarding the CRA’s proposed reassessment relating to the tax consequences of the conversion from a partnership to a corporation on Jan. 1, 2010.
JWN is a division of an information communications company.
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