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​Tourmaline acquires assets from Shell

​Tourmaline acquires assets from Shell

Tourmaline Oil Corp. has entered into an agreement with Shell Canada Energy to acquire strategic assets located in the Alberta Deep Basin and the northeast B.C. Montney Complex for total consideration of $1.
B.C. brings in $2.1 million at October land sale

B.C. brings in $2.1 million at October land sale

British Columbia brought in more than $2 million for the second month in a row at its Crown petroleum and natural gas rights auction. The province brought in $2.1 million at the Oct.
Despite silver-linings, headwinds remain for local O&G industry

Despite silver-linings, headwinds remain for local O&G industry

Pipeline capacity and aggressive American expansion top challenges, business leaders hear
Progress CEO Culbert to step down at the end of October

Progress CEO Culbert to step down at the end of October

Progress Energy President and CEO Michael Culbert will step down from his daily responsibilities at the end of October as he readies for retirement, the company announced Monday.
More than 1,500 Peace residents on EI after Trudeau eligibility extension

More than 1,500 Peace residents on EI after Trudeau eligibility extension

FSJ hasn't had 1,000 EI claimants in data going back to 1997
Fort St. John mayor critical of Vancouver natural gas phase-out

Fort St. John mayor critical of Vancouver natural gas phase-out

City plans to eliminate natural gas from residential, institutional and commercial buildings by 2050; impact on Peace Region economy unclear
AltaGas, Painted Pony, cut ribbon at Townsend facility

AltaGas, Painted Pony, cut ribbon at Townsend facility

AltaGas officially opened its Townsend facility at a special ceremony on Sept. 14. Company executives for both AltaGas and Painted Pony Petroleum were joined by special guests and dignitaries, including Fort St.
Credit union forecasts ‘prolonged’ period of slow growth in Northeast B.C.

Credit union forecasts ‘prolonged’ period of slow growth in Northeast B.C.

Weak commodity prices, an underperforming global economy and a struggling province next door will continue to hamper growth in Northeast B.C. over the next three years, according to economists with Central 1 Credit Union.
September land sale tops $2.7 million, largest sale so far in 2016

September land sale tops $2.7 million, largest sale so far in 2016

The B.C. government brought in $2.77 million at its September land sale this week, the highest at a single sale so far this year. The province has three months left in 2016 (three sales left) to evade the record low of $16.72 million set in 1982.
Northeast unemployment falls for fourth-straight month, but remains B.C.’s highest

Northeast unemployment falls for fourth-straight month, but remains B.C.’s highest

Northeast B.C.’s unemployment rate fell for the fourth month in a row in August, but the region continued to have the highest percentage of joblessness in British Columbia. The region registered an 8.