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Gas plant operator fined for refusing inspection


Winnipeg Free Press
By: The Canadian Press
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CALGARY - The Alberta Energy Regulator says Land Petroleum International Inc. has been ordered to pay an $80,000 fine for failing to allow AER staff access to a natural gas processing plant to inspect it in August 2018.
CALGARY - The Alberta Energy Regulator says Land Petroleum International Inc. has been ordered to pay an $80,000 fine for failing to allow AER staff access to a natural gas processing plant to inspect it in August 2018.
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It says the Calgary-based company was found guilty in provincial court of one charge under the Oil and Gas Conservation Act. ....

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The Drilldown: Tourmaline happy with oilpatch acquisition market


iPolitics
By iPolitics. Published on Mar 12, 2021 11:38am
(Gina Dittmer via Public Domain Pictures)
The Lead
The Canadian oilpatch acquisition market received a ringing endorsement on Thursday. Mike Rose, the CEO of Tourmaline Oil Corp., said there are still many potential acquisition targets in Western Canada but that may change if recently higher global oil prices continue to strengthen.
Earlier this week, Tourmaline reported increased earnings and production over the last three months of 2020. Rose said the fourth-quarter boon has allowed the Calgary-based energy company to consider several possible acquisition deals.
“I mean, if oil prices continue to run and solidify then perhaps that pipeline of opportunities slows down but right now we’re always busy evaluating and we only transact on very small proportion of the things we look at,” Rose said during a conference call to discuss fourth-quarter results. ....

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