CALGARY, ALBERTA--(Marketwired - Oct. 2, 2015) - Alberta can become both a stronger world leader in the fight against climate change and a more competitive place to invest in oil and gas if it strikes the right balance with its new climate policy, the Canadian Association of Petroleum Producers said today. "The Alberta government, the public and our industry share a common goal to grow the development, production and export of our abundant oil and natural gas resources in an increasingly [Read more]
News
Alberta energy efficiency program uncertain in impact
By now it is hardly news that a review of Alberta's climate change policies is underway. In this context, the issue of energy efficiency has been gaining some traction. Energy efficiency as a policy goal is a broad term that refers to measures 1) that alter the ratio of energy outputs to inputs by getting the same with less or getting more with the same on the supply side, 2) that alter how energy is transported or stored on the transmission side, or 3) that alter the way end-users consume [Read more]
A tortoise named Harper, a hare named opposition
The last time Canadians saw an election this long was in 1872 when Sir John A. Macdonald was re-elected, defeating then Liberal leader Edward Blake and maintaining a Conservative government. Though compared to what we consider an election in this country today, the elections around 1872 were more like a carnival. They consisted of groups going from town to town shouting the candidates’ names, and to cast your vote you would simply raise your hand when the candidate they favoured had his name [Read more]
Leucrotta Exploration Inc. Announces Salary Reductions and Grant of Incentive Stock Options
CALGARY, ALBERTA--(Marketwired - Oct. 2, 2015) - Leucrotta Exploration Inc. (the "Corporation") (TSX VENTURE:LXE) announces that all Management, Directors and Employees will reduce salaries/fees by 10% as part of a concerted effort to reduce the overall cost structure of its operations. Although Leucrotta maintains a strong financial position with over $80 million in cash and no debt, such reductions will ultimately benefit shareholders by having cost savings directed at capital [Read more]
Mayor of oilpatch capital says stop blaming industry for everything
FORT MCMURRAY, Alta. - The mayor of Alberta's oilpatch capital says she wishes Edmonton's mayor and police chief would stop blaming her area for the city's rising crime rates.Melissa Blake, mayor of the Regional Municipality of Wood Buffalo, says she’s disappointed with Edmonton Police Chief Rod Knecht and Mayor Don Iveson and would welcome their apology for comments they made this week.Knecht said he will be asking city council for 80 more officers, saying a spike in crime could be linked to a [Read more]
Natural Gas Storage Builds 98 Bcf versus Expected 99 Bcf
Platts Report: China Oil Demand Grows 10% Year over Year in August
SINGAPORE, Oct. 1, 2015 /PRNewswire/ -- China's apparent oil demand* rose 10.2% in August from a year earlier to 11.19 million barrels per day (b/d), according to a just-released Platts analysis of Chinese government data. Barring gasoil and naphtha, China's apparent demand for all other key products—gasoline, liquefied petroleum gas (LPG), jet/kerosene, and fuel oil—saw double digit year-on-year growth in August. China's refinery throughput in August averaged 10.49 million b/d, up 6.5% from a [Read more]
Nalcor driven study uncovers tremendous potential Offshore Newfoundland and Labrador
October 1, 2015, St. John’s, NL– The Government of Newfoundland and Labrador, Nalcor Energy and Beicip-Franlab announced today that the “in place” oil and gas resource potential is 12 billion barrels of oil and 113 trillion cubic feet of gas for 2015 license round area in offshore Newfoundland and Labrador. “This is an momentous day for the future of Newfoundland and Labrador’s oil and gas industry – we clearly know that there is more oil and gas waiting to be discovered and developed,” said [Read more]
Innovation, collaboration and environmental leadership are pillars of Canadian energy production
Alberta is an innovator and leader when it comes to the environment. We collaborate, we progress and we constantly improve. What we haven't done well is tell people about it. Today I hope to provide you with more specific examples and more context you can share with your friends and family. Here are 15 reasons why we are leaders and we should be proud of our valuable and in-demand natural resources. Global demand is increasing and Albertans deserve the best price globally for our [Read more]
Alberta September 30 Landsale Earns $10.85 Million
Yesterdays Alberta Land sale results are in and the total proceeds to the province were $10,853,133.67 paid out for 107 separate parcels. A total of 39 companies participated. The 2 companies paying out the highest prices were Britt Resources Ltd. and Plunkett Resources Ltd. The top 2 bargains were had by Taylor Hill Exploration and Stonehaven Exploration Ltd. The chart below reveals the details. While the proceeds of this sale are down compared to the last three, overall the [Read more]