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Government of Alberta takes 50 per cent stake in Sturgeon Refinery for $825 million

The government-owned Alberta Petroleum Marketing Commission has a contract to provide bitumen to the refinery. Under the terms of the new deal, the province will pay North West Refining $425 million for its 50 per cent equity stake in the refinery and will pay Canadian Natural Resources Ltd., which will continue to own the other 50 per cent of the refinery, $400 million. As a result of making the payments now, the province will not have to pay approximately $1 billion in tolling payments over the next 30 years. It will also get to play a decision-making role in the refinery’s operations. In a news release, Energy Minister Sonya Savage said the restructuring will benefit Albertans in the long run.

Jason kenneyKathleen ganleyAlberta petroleum marketing commissionAlberta department of energyCanadian natural resources ltdSturgeon refineryNorth west refiningEnergy minister sonya savageஜேசன் கெநீக்யாத்லீந் கன்லேய்ஆல்பர்ட்டா பெட்ரோலியம் சந்தைப்படுத்தல் தரகுஆல்பர்ட்டா துறை ஆஃப் ஆற்றல்கனடியன் இயற்கை வளங்கள் லிமிடெட்ஸ்டர்ஜன் சுத்திகரிப்பு நிலையம்வடக்கு மேற்கு சுத்திகரிப்புஆற்றல் அமைச்சர் சோனியா காட்டுமிராண்டித்தனம்

Questions raised over water licences for coal mining exploration, company says information factually incorrect

LETHBRIDGE The Alberta government is being asked to explain why Benga Mining is possibly moving ahead with exploratory work on a Crowsnest Pass coal project, even though its application was rejected by a joint provincial-federal review panel. New documents show Benga Mining operating as Riversdale Resources has been granted licences to divert water for drilling and dust suppression for exploratory boreholes for the Grassy Mountain project, seven kilometers north of Blairmore. The approval was granted June 30, less than two weeks after the Joint Review Panel ruled the project was not in the public interest and denied the company s application to move ahead.

Crowsnest passNova scotiaMarlin schmidtJason nixonJohn wallingtonAlberta energy regulatorBenga miningRiversdale resourcesGrassy mountainJoint review panelParks critic marlin schmidtEnergy minister sonya savageParks minister jason nixonகாகஸ்நெஸ்ட் பாஸ்நோவா ஸ்கோடியாமார்லின் ஶ்மிட்

Alberta government spends $825 million for stake in Sturgeon Refinery

Alberta government spends $825 million for stake in Sturgeon Refinery
nationalobserver.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nationalobserver.com Daily Mail and Mail on Sunday newspapers.

Jason kenneyKathleen ganleyAlberta petroleum marketing commissionAlberta department of energyCanadian natural resources ltdSturgeon refineryNorth west refiningEnergy minister sonya savageஜேசன் கெநீக்யாத்லீந் கன்லேய்ஆல்பர்ட்டா பெட்ரோலியம் சந்தைப்படுத்தல் தரகுஆல்பர்ட்டா துறை ஆஃப் ஆற்றல்கனடியன் இயற்கை வளங்கள் லிமிடெட்ஸ்டர்ஜன் சுத்திகரிப்பு நிலையம்வடக்கு மேற்கு சுத்திகரிப்புஆற்றல் அமைச்சர் சோனியா காட்டுமிராண்டித்தனம்

Alberta takes 50% stake in troubled Sturgeon Refinery, as CNRL, North West Refining see combined $825-million payday

Alberta takes 50% stake in troubled Sturgeon Refinery, as CNRL, North West Refining see combined $825-million payday
leaderpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from leaderpost.com Daily Mail and Mail on Sunday newspapers.

Red waterGeoffrey morganEd stelmachPostmedia network incAlberta energyAlberta petroleum marketing commissionAmber bracken nationalCanadian natural resources ltdSturgeon refineryNorth west refiningNational postEnergy minister sonya savageFinancial postWest refiningNorth west upgraderRedwater refinery

Report calls for public takeover of old oil and gas wells to fund their cleanup

Article content Most of Alberta’s energy wells no longer hold enough oil and gas to pay for their cleanup and the public should take them over to ensure their remaining revenue funds remediation, a new report concludes. “It is a radical idea,” said Regan Boychuk of the Alberta Liabilities Disclosure Project, which produced the report. “It is something akin to nationalization.” We apologize, but this video has failed to load. Try refreshing your browser, or Report calls for public takeover of old oil and gas wells to fund their cleanup Back to video Using data from the Alberta Energy Regulator released under Freedom of Information legislation, the report estimates the overall cleanup cost for the province’s 300,000 unreclaimed wells at somewhere between $40 billion and $70 billion a figure that doesn’t include infrastructure such as pipelines or pumping stations.

Thomas schneiderBob weberRichard wongRegan boychukPostmedia network incRyerson universityCanadian association of petroleum producersAlberta energy regulatorOrphan wellAlberta liabilities disclosure projectDisclosure projectTrident explorationCanadian associationPetroleum producersEnergy minister sonya savageCanadian press