Alta. Energy Royalties

first_img– Advertisement – By Energeticcity.ca staffThe president of the Canadian Association of Petroleum Producers says the Alberta government has taken a major step in the right direction. Dave Collyer was commenting on plans announced by the Stelmach government, to reduce royalty rates for conventional oil and natural gas next year. However, not everybody is happy with the decision, and most of the opposition is coming from the left of the political spectrum.N-D-P Leader Brian Mason is trashing the Tory government over the move, claiming it has caved in, to energy industry pressure. In defending the initiative, Energy Minister Ron Liepert says the province was lagging behind other jurisdictions in terms of competitiveness.It remains to be seen what impact the move might have on those other jurisditions…but, we could get our first assessment in this area next week, when 77 parcels covering more than 25,000 hecatres are offered in the March Sale of Natural Gas and Petroleum rights.last_img read more

Ferrari’s Leclerc crashes in Baku qualifying

first_img0Shares0000Charles Leclerc’s stricken Ferrari is lifted from the track © AFP / Alexander NEMENOVBAKU, Azerbaijan, Apr 27 – Ferrari’s Charles Leclerc smashed his car into the same wall as Robert Kubica to force a second delay to qualifying for the Azerbaijan Grand Prix on Saturday.Leclerc came to grief at Turn Eight in Q2 where Kubica had also crashed his Williams in Q1. The Monegasque driver, running on the harder compound ‘medium’ tyres despite falling temperatures, was angry with himself for pushing too hard in tricky conditions at the castle turn.“I am stupid, I am stupid,” said Leclerc.The session was halted again to allow for a clean up of debris on and damage to the circuit.Earlier Kubica’s accident was further bad news for the luckless Williams team.On Friday their British rookie driver George Russell escaped unhurt when his car was wrecked after running over a loose drain cover at high speed in opening practice, which was abandoned and cancelled.0Shares0000(Visited 1 times, 1 visits today)last_img read more