The Incestuous Oilpatch
Lawyer firm-hopping doesn’t shock anyone anymore, but when Robert Desbarats left Bennett Jones for the Calgary office of Osler last February, jaws dropped >
The oil sands used to be the domain of capital-rich giants like BP, Shell and Cenovus. No longer >
Lawyer firm-hopping doesn’t shock anyone anymore, but when Robert Desbarats left Bennett Jones for the Calgary office of Osler last February, jaws dropped >
Meet the Calgary-based corporate lawyers who make most of the big oilpatch mergers, acquisitions, offerings and asset sales happen >
Ask the people on the other side of the table who represented Petro-Canada in the scuffle for Canada Southern, and you won’t get a straight answer >
The oil and gas industry bolstered Alberta’s red-hot economy in 2006. Next year, it’s time to look elsewhere >
Few sectors are getting as much international exposure as Alberta’s oilsands. With the increasing demand for oil around the world, everyone is looking to the estimated 2.5 trillion barrels of bitumen in place as a solution to their energy woes. It certainly may be ours. At current consumption rates, it is estimated that there is enough oil to meet Canada’s needs for about 250 years. In total, 175 billion barrels may be recoverable with current technologies, ranking it as the world’s second largest oil reserve.
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Greener gasoline rules could spell the end of the Canadian Wheat Board’s monopoly >
Now that mining giant Inco has been snatched up by foreign hands, who’s the next M&A target? >
One of the oldest stereotypes going is the concept of the “rig pig,” an uneducated roughneck who’s filthy and foul-mouthed. As insiders to the industry know though, the oilpatch has changed and Edmonton-based Anaid Productions has created a documentary miniseries The Rig to help dispel the cliché surrounding the archetype of the oilpatch employee and their work. >
Monday, July 17, 2006
Back when Hal Kvisle was building Fletcher Challenge Energy, he flew to New Zealand 20 times in five years. “The single most pleasant thing about working for TransCanada is not travelling to New Zealand,” says Kvisle, who joined TransCanada in 1999 as executive vice-president, trading and business development, and became CEO and president in April 2001.
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It should have been boom times. Energy prices were soaring, and oilsands producers had announced a slew of new building projects. But by 2004, one of Alberta’s largest contractors was losing money and headed for a fall. Here’s what went wrong, and how The Churchill Corporation came back from the brink >
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