B.C. to pump up oil and gas sector
Article Abstract:
British Columbia has announced an agreement with the oil and gas industry of the province that will result in industry investments of C$25 billion over the next 10 years. Measures to evoke a message of a worthy place to invest and make it more competitive include radical regulatory changes and royalty cuts. In return, the oil and has industry will commit to increasing its production capacity by twofold by 2008, hike the number of drilled wells each year and commit certain unspecified environmental protection steps. The deal calls for the province to allocate C$113 million for northern communities that have suffered from a growing industry on their infrastructure. BC also announced its C$66-million investment towards renovating northern roads in 1998.
Comment:
Brit Colum: Provinces announces deal w/ local O&G industry that will result in industry investments of C$25 bil over next 10 yrs
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 1998
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B.C. to slash oil, gas royalties up to 40%
Article Abstract:
The government of British Columbia and the oil and gas industries have entered into an agreement that will cut royalty rates by as much as 40% and trim regulations to make the province more capable of rivaling Alberta, according to officials. A number of oil officials say they will increase the number of their new drilling in British Columbia in 1998. In 1997, a high of 582 well drillings was posted. An official says the agreement is a method for the province to demonstrate that its economy is ready for investment, and that the government also backs healthy industries.
Comment:
Brit Colum: Govt & oil & gas industries agree to cut royalty rates by as much as 40% & trim regulations to compete w/ Alberta
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 1998
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C.M. Oliver mulls alliances, takeovers
Article Abstract:
Vancouver, British Columbia-based C.M. Oliver Inc., the oldest brokerage in Vancouver, is studying its options, including alliances and consolidation. According to the investment community, Peter Brown's Canaccord Capital Corp. is the most likely potential partner of C.M. Oliver. Canaccord is believed to be interested in C.M. Oliver's retail sales force and financial planning operations. C.M. Oliver has been battered by such problems as restructurings that have led to layoffs, staff defections, senior management changes and widening financial losses.
Comment:
Is studying its options, including alliances and consolidation
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
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