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Provincial Business

Alberta energy minister says no royalty changes until end of 2016

CALGARY — Alberta oil and gas companies can put together their budgets for next year knowing at least one variable — royalty rates — will stay steady through the end of 2016, Energy Minister Marg McCuaig-Boyd said Friday.

“I talk to owners and workers in the oil industry and gas industry daily and I recognize their concerns,” she said. “They want certainty, particularly given how tough times are in the oil and gas sector right now.” READ

Feed prices go up during drought in the West

Bob Seaman isn’t apologizing for the high cost of hay because of the drought that has withered crops in many parts of the West. READ

Calgary man accused of using shell companies to defraud employer of millions

The co-founder of an Alberta oil and gas company has been accused of defrauding the firm of nearly $5 million. READ

As crude hits six-year lows, towns in Alberta’s oilpatch feeling the pinch

Oil prices are the lowest they’ve been since the Great Recession and mayors in Alberta’s oilpatch are noticing the difference. READ

Sales down, but market strong

Central Alberta’s real estate market continues to outperform the rest of the province. READ

Ontario says economic, environment risks of Energy East outweigh benefits

The Ontario Energy Board says the environmental risks of the $12-billion Energy East pipeline project outweigh the potential benefits, and warns it will drive up natural gas prices. READ

Oilsands being left in the ground is just a matter of fact, experts say

The furor over a New Democrat candidate’s remarks about leaving Alberta’s oilsands in the ground reflects how poorly the issue is understood, say energy experts. READ

Plains Midstream meeting regulatory obligations

Nearly a year after being taken to task by the National Energy Board, the company responsible for a major oil spill on the Red Deer River appears to be satisfying its regulatory critics. READ

Pace of new home construction slows in July, with Calgary plunging: CMHC

The Canada Mortgage and Housing Corp. said Tuesday that the pace of new home construction slowed in July for the first time in three months, mostly as a result of fewer multi-unit projects started in urban areas — particularly Calgary. READ

Canadian Natural posts $405-million net loss on higher Alberta tax rate

Canadian Natural Resources is warning that Alberta’s corporate tax hike will hit employment, though both company executives and Premier Rachel Notley agree the steep drop in crude prices is a much bigger challenge. READ

Critics seek tough rules for old wells

New research is raising concern about tens of thousands of dormant Alberta oil wells that don’t meet even minimum safety standards. READ

Business confidence up in August

Alberta business owners regained some of their swagger in August, according to the latest survey conducted by the Canadian Federation of Independent Business. READ

Oil, agriculture to buoy economy in West

Economically speaking, Western Canada should still be one of the best places in the world to live in 2012, a banking expert says. READ

TransCanada may be able to sped up urgently needed leg of Keystone pipeline

It may be possible for TransCanada Corp. to build the most urgently needed leg of its delayed Keystone XL oil pipeline as early as next year, an executive with the pipeline giant said Wednesday. READ

Cash Store reports big increase in Q2 profit

EDMONTON — Lender of last resort The Cash Store Financial Services Inc. (TSX:CSF) announced Wednesday it was boosting its dividend after reporting a major increase in second-quarter profits. READ

Shaw interested in some of Canwest's assets

The chief executive officer of Shaw Communication Inc. (TSX:SJR.B) confirmed Thursday that his company has been looking at buying some of Canwest’s assets, although he wouldn’t say what has caught his interest. READ

Finning posts loss

VANCOUVER — Finning International Inc. (TSX:FTT) shares sank Wednesday after the heavy equipment dealer said revenues and earnings fell more than analysts expected as the recession hit all of its businesses. READ

Missing man’s father seeks answers

The father of a slain Medicine Hat man says he is searching for answers in his son’s killing. READ

Canpages directory should be bigger

The Canpages directory should make a louder thump when it hits Central Alberta doorsteps this year. READ

Agriculture Financial Services Corporation one of best workplaces

Looking for a good place to work? You might want to send your resume to Agriculture Financial Services Corporation. READ

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