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Winnipeg Free Press By: The Canadian Press Save to Read Later
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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A Calgary company that refused Alberta Energy Regulator inspectors access to its Ponoka gas plant has been fined $80,000.
Land Petroleum International Inc. was convicted last month under the province’s Oil and Gas Conservation Act for obstructing an August 2018 inspection following a series of delays.
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Provincial court Judge Gordon Yake ordered the company to pay the $80,000 fine, plus a 15 per cent provincial surcharge of $12,000, in a written decision posted online Thursday.
The company had proposed a fine of $40,000, plus the surcharge. The maximum penalty allowed is $500,000.
iPolitics By iPolitics. Published on Mar 12, 2021 11:38am (Gina Dittmer via Public Domain Pictures)
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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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