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Petrus sells oil and gas interests in Alberta, Canada, to Rising Star Resources

2016-07-12 01:00:00| Hydrocarbons Technology

Petrus Resources has sold its oil and natural gas interests in the Peace River area of Alberta, Canada, to Rising Star Resources in a deal worth C$30m ($20m).

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Canada: Damage from Alberta wildfires estimated to cost $3.6 billion

2016-07-08 03:42:00| Climate Ark Climate Change & Global Warming Newsfeed

Canadian Press: The Insurance Bureau of Canada says damage caused by the wildfires in Fort McMurray, Alta., totalled $3.58 billion, making it the most expensive disaster for insurers in the countrys history. CEO Don Forgeron says the damage from the fires provide "alarming evidence" that extreme weather events have increased in frequency and severity in Canada. Forgeron called for a more disciplined approach to helping prepare people for fires and floods. The fires in May forced the evacuation of almost...

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Alberta wildfire was the costliest natural disaster in Canadian history

2016-07-07 23:50:00| Climate Ark Climate Change & Global Warming Newsfeed

Grist: The wildfire that ripped through Alberta, Canada`s Fort McMurray area in June devastated homes, boreal forests, and tar sands oil production. Now that the dust has settled, another scary aspect of the fire has emerged: the cost. All told, the Fort McMurray wildfire cost $3.6 billion in Canadian currency (that`s $2.8 billion USD), the Insurance Bureau of Canada announced on Thursday, making it the costliest natural disaster in Canadian history. According to the bureau, the costs broke down as...

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1533 NE Alberta St

2016-07-01 23:19:51| PortlandOnline

Concert 6/30/16, 7/28/16, 8/13/16, and 8/25/16 PDF Document, 363kbCategory: Inner Northeast Portland (NECN)

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Alberta regulator toughens financial test for oil, gas asset buys

2016-06-22 00:41:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: The Alberta Energy Regulator has toughened rules determining if companies are financially strong enough to buy oil and gas assets, a move some energy industry players warned on Tuesday could hamper mergers and acquisition in the province. The regulator announced that companies seeking to buy oil and gas wells will need to show their deemed assets exceed their deemed liabilities by a ratio of 2.0 or more after the purchase. Previously, deemed assets had to be equal to deemed liabilities. More than...

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