Recently, BOE Report contributor Terry Etam wrote an insightful article discussing the role financial incentives have in the outcomes of energy companies. As part of his article, he responded to a Bloomberg article sourcing a Moody's study on executive pay structure among the fifteen biggest North American oil companies. The researchers stressed that executive bonuses heavily influence executive strategy, and that they are being incentivized to increase production to increase revenues. While in [Read more]
Archives for September 2016
Rolling Hills Energy Ltd.: Queenstown, Alberta Property Divestiture
Sayer Energy Advisors has been engaged to assist Rolling Hills Energy Ltd. (“Rolling Hills” or the “Company”) with the sale of its oil and natural gas property located in the Queenstown area of Alberta (the “Property”). At Queenstown, Rolling Hills holds an interest in a total of 47.5 sections of land. The Company holds a 100% working interest in seven wells and a royalty interest in an additional three wells. Rolling Hills operates two natural gas wells and three oil wells, all producing [Read more]
Interested in free exploration software and data?
Divestco Pay It Forward Program Are you unemployed or under-employed in the Energy Industry? Are you working alone or in a group to research or pitch a play? Are you looking for great geophysical, geological and mapping software as well as WCSB well and log data to help you do that? Our Solution If you answered “yes” to all of the above let us know. Divestco is offering up to three months free of our Exploration Bundle featuring: GeoCarta: Make faster and more accurate [Read more]
The First Nations LNG Alliance Supports Federal Government Approval of Pacific NorthWest LNG
VANCOUVER, BC --(Marketwired - September 28, 2016) - The First Nations LNG Alliance (FNLNGA) supports the federal government's approval of the Pacific NorthWest LNG project in Prince Rupert, B.C., based on the proponent meeting 190 stringent conditions to mitigate environmental impacts. The prominence placed on meaningful First Nations consultation and engagement demonstrates a proactive approach by the federal government and is a historic step that will set a precedent for future projects. "Our [Read more]
Approval for LNG Signals Stronger Energy Future for Canada and World: CAPP
CALGARY, ALBERTA--(Marketwired - Sept. 27, 2016) - The Government of Canada's approval of the Pacific Northwest liquefied natural gas (PNW LNG) project will open Canadian energy to new global markets, striking a balance between growing the national prosperity generated by Canada's energy sector while delivering on government's commitment to lower global greenhouse gas (GHG) emissions. Canada has strengthened its potential as a global energy supplier by approving the PNW LNG terminal to move [Read more]
Key dates this fall for federal decision-makers on energy and climate
OTTAWA - The fall of 2016 is shaping up as a period of crucial decisions by the federal government on climate policy and energy infrastructure. Here are some key dates: Sept. 20 — The federal government announced it would not seek leave to appeal to the Supreme Court of Canada on a ruling that impacted the Northern Gateway pipeline proposal and First Nations consultation. The Federal Court of Appeal overturned the conditional approval of the oil pipeline in June, ruling that Ottawa [Read more]
Timeline of proposed Pacific NorthWest LNG project in British Columbia
RICHMOND, B.C. - Here is a timeline for the proposed Pacific NorthWest LNG project: Feb. 19, 2013: Pacific NorthWest LNG submits its project description to the Canadian Environmental Assessment Agency. April 29, 2013: Japan Petroleum Exploration Co. Ltd. agrees to buy 10 per cent of the liquefied natural gas that would be produced from Pacific NorthWest LNG over at least 20 years. This marks the first secure buyer for the project's LNG. July 5, 2013: Pacific NorthWest LNG [Read more]
Five things to know about the proposed Pacific NorthWest LNG project in B.C.
RICHMOND, B.C. - Federal cabinet has conditionally approved the $36-billion Pacific NorthWest liquefied natural gas project. Here are five things to know about the proposed project: The Players: Petronas, the Malaysian state-owned oil and gas giant, is leading the development. It has a 62 per cent stake in both the LNG processing facility on Lelu Island and the natural gas reserves in northeastern B.C. that would feed into it. Other partners include Sinopec with a 15 per cent [Read more]
Three federal cabinet ministers in B.C. set to announce decision on LNG plant
RICHMOND, B.C. - The federal government gave conditional approval Tuesday to the massive Pacific NorthWest LNG project planned for British Columbia's northwest coast. Environment Minister Catherine McKenna, Natural Resources Minister Jim Carr and Fisheries Minister Dominic LeBlanc travelled to Richmond, B.C., to announce their government's acceptance of what is expected to be one of the largest infrastructure investments in Canadian history. There are 190 legally binding [Read more]
Alberta’s freehold owners argue they aren’t getting fair treatment
Recently, a collection of Albertan freehold mineral rights owners have come together to voice their displeasure at how certain energy companies operating on their land have been treating them. In the current system, "production is obtained from the lands by a producer and under the terms of their leases, and they are to pay taxes on this production to the Government. If they do not, the individual must pay it or the Government can take the mineral rights through the tax default provisions of [Read more]
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