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CALGARY, AB, Feb. 28, 2024 (GLOBE NEWSWIRE) -- The Alberta Energy Regulator (AER) hearing panel released today a decision on AlphaBow Energy’s regulatory...

Calgary, Alberta, Aug. 28, 2023 (GLOBE NEWSWIRE) -- The AER today announced the industry-wide closure spend requirement for 2024 will remain at $700...

Geothermal energy — heat from deep below the Earth’s surface — is increasingly being sourced to provide heat and energy in the place of…

Redwater").   Redwater is now a sentinel decision for the energy industry in Alberta, confirming the importance of environmental, reclamation and remediation obligations and liabilities. In  Redwater, the SCC determined that a trustee in bankruptcy is not permitted to renounce uneconomical oil and gas assets and leave these assets to be remediated by the Orphan Well Association (" OWA") to avoid the environmental liabilities of the estate it is administering. Following the  Redwater decision and since early 2020, Alberta committed to actively reducing the inventories of orphan and inact...

To embed, copy and paste the code into your website or blog: The issue of end-of-life liabilities for oil and gas facilities has been one of growing concern in Alberta, as in recent years there has been a marked increase in the province’s inventory of inactive and orphan wells. In early 2020, the Government of Alberta announced that it was considering a number of changes to the liability framework to address both historical issues, current operations and future processes to help stem the flow of orphaned assets. On July 30, 2020, the Government of Alberta responded by announcing its Liabil...