The OPI Board of Directors held its election meeting on November17, 2017 in London. In accordance with the OPI By-laws the executive is elected at the Board’s first meeting after the Annual General Meeting (AGM). The AGM was held on November 2, 2017. Dale Holland of Holland Testers was re-elected President as was First Vice-President, Jim McIntosh – Jim McIntosh Petroleum Engineering Ltd., Second Vice-President, Denis Marcus – Harold Marcus Limited, Treasurer, Charlie Fairbank – Fairbank Oil Properties Ltd., and Secretary, Frank Kuri – Dundee Energy LP.
Archives for November 2017
Pipeline assessments to be tested in court
Ontario oil and natural gas industry assets are assessed under the provincial Assessment Act for municipal taxes purposes. Section 25 of the Assessment Act specifically covers pipelines. The Municipal Property Assessment Corporation (MPAC) provides the assessment of pipelines to enable counties and municipalities apply the yearly taxes. Any disputes a company has regarding the assessment of its pipelines is reviewed by the Ontario Energy Board (OEB). An Ontario producer, Tribute Resources Inc., appealed its MPAC pipeline assessment to the OEB in 2015. The OEB upheld the assessment. Tribute Resources Inc. is appealing the decision to the Ontario Divisional Court. The appeal will be heard on November 29, 2017 in London, Ontario.
Crafting oil’s comeback
The days of ‘drill, baby, drill’ are gone. Now crude-pumping companies are bringing efficiency and savings to the forefront as they try to compete in a world where prices are on the rise, but stability is threatened by a shifting political landscape. After years of slashing costs, executives are promising to not make the same mistakes of the past when they spent recklessly on low-return projects and let cos s soar. For the full story go to: https://www.theglobeandmail.com/report-on-business/industry-news/energy-and-resources/alberta-oil-comeback-commodity/article37019247/
H2S Alive Training – November 21, 2017
An H2S Alive Training course is scheduled for Tuesday, November 21st at the Ramada Inn, London. Fill out and return attached registration form to attend. H2S-Nov 21, 2017