LONDON, Aug. 25, 2016 /PRNewswire/ -- A lower for longer oil price consensus is pushing more governments to rethink current tax structures and follow the example of those who have already made adjustments, EY says while launching its 2016 Global oil and gas tax guide. The report, which summarizes the oil and gas corporate tax regimes in 86 countries — up from 84 in 2015 with the addition of Cuba and Iran — highlights national tax structure changes over the last year. Countries that introduced [Read more]
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Ikkuma Resources Corp. Announces Second Quarter 2016 Financial and Operating Results and Credit Facility Renewal
CALGARY, Aug. 25, 2016 /CNW/ - Ikkuma Resources Corp. ("Ikkuma" or the "Corporation") (TSXV: IKM) is pleased to report its financial and operating results for the three months ended June 30, 2016. Selected financial and operational information is set out below and should be read in conjunction with Ikkuma's interim condensed financial statements and the related management's discussion and analysis ("MD&A") for the three months ended June 30, 2016. Ikkuma's condensed interim financial [Read more]
Letter to the Editor: Why Rachel Notley may just be Alberta’s problem, at least for the long term
Imagine if you were buying your first house and you decided you wanted to lock into a five year mortgage with your bank. One year later, you breathe a huge sigh of relief as interest rates start to sky rocket. Then out of nowhere your bank says, "we are doing a interest rate review" even though you are technically locked in. Panic starts to settle in, you don't see any other banks doing this review but yours. So you enact a clause that you made with your bank that says you can cancel your [Read more]
Judge to rule on tribe’s oil pipeline request by Sept. 9
BISMARCK, N.D. - A ruling in the request by the Standing Rock Sioux Tribe to stop a four-state oil pipeline under construction near their reservation will come by Sept. 9, a federal judge said Wednesday. The tribe is challenging the Army Corps of Engineers' decision to grant permits for Dallas-based Energy Transfer Partners' $3.8 billion Dakota Access pipeline, which crosses through four states, including near the reservation that straddles the North Dakota-South Dakota border. U.S. [Read more]
Newfoundland boasts about latest oil and gas data from the Orphan Basin
ST. JOHN'S, N.L. - The Newfoundland and Labrador government has delivered some encouraging news about its potential offshore oil and gas resources, saying new seismic data is pointing to huge reserves in West Orphan Basin. Premier Dwight Ball announced Wednesday that an independent assessment of nine parcels in the basin found they could contain 25.5 billion barrels of oil and 20.6 trillion cubic feet of gas. The Canada-Newfoundland and Labrador Offshore Petroleum Board, which [Read more]
NEB to consider response to bias perceptions on Energy East panel
CALGARY - The National Energy Board says it is accepting written comments on motions calling for two of three people to step down from a panel reviewing the Energy East Pipeline over perceptions of bias. The move follows revelations, first reported by the National Observer, that panel members Jacques Gauthier and Lyne Mercier met privately with Jean Charest early last year while he was a consultant for TransCanada (TSX:TRP), the company behind the $15.7-billion Energy East project. [Read more]
Prince Albert lifts water restrictions in place after Husky oil spill
PRINCE ALBERT, Sask. - All water restrictions have been lifted in a city that was forced to close its water intakes after an oil spill on the North Saskatchewan River. The city of Prince Albert says it's confident there is ample supply from two temporary water pipelines, so residents can start watering lawns, washing vehicles and filling pools. People were told to conserve water after a Husky Energy pipeline leak last month spilled up to 250,000 litres of oil mixed with a lighter [Read more]
Why oil prices are definitely maybe going to rise
Oftentimes, a simple question leads to a complex answer. A great example of this would be the question: is the price of oil going to go up or down? Obviously, there are only three possible answers to this question - up, down, neither. Granted, those three answers aren't that complex, but most likely, the person asking the question will want to know how the person arrived at their answer. It is at this point where complexity will almost always rear its ugly head. Keep in mind that if the [Read more]
BOE Report Podcast Episode 11
On this episode of the BOE Report podcast, Terry and Josh talk about BC's gas production, its LNG prospects and what Alberta can or should do to spur development. The pair also talk OPEC and recent oil price movements. Get episode on Google Play | iTunes | RSS On the Show Terry Etam Josh Groberman Topics Should Alberta play hardball with BC gas production? OPEC's strategy [Read more]
Spartan Energy Corp. Announces Exercise of Over-Allotment Option and Completion of $80.8 Million Equity Financing
CALGARY, ALBERTA--(Marketwired - Aug. 24, 2016) - Spartan Energy Corp. (TSX:SPE) is pleased to announce that it has closed its previously announced bought-deal financing of 25,415,000 common shares ("Common Shares"), which includes the exercise in full of the over-allotment option of 3,315,000 Common Shares, at a price of $3.18 per Common Share for aggregate gross proceeds of approximately $80.8 million. The syndicate of underwriters was co-led by Peters & Co. Limited, GMP Securities L.P. [Read more]