Royalty rates will stay the same until the end of 2016

Royalty rates will stay the same until the end of 2016 by Kayla Butler and Justin Slimm Posted Aug 28, 2015 1:42 pm MDT Marg McCuaig-Boyd Courtesy Twitter AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email The Alberta Government has finally released more details about it’s upcoming energy royalty review.In an effort to quell some uncertainty among investors and oil and gas operators, the province also announced current rates won’t be touched until the end of 2016 at the earliest.The mandate of the royalty review panel is to identify ways to optimize resource returns, industry investment and diversification while enhancing responsible development of the province’s resources.Energy Minister Marg McCuaig-Boyd said the current commodity low price environment is the big reason why they decided to hold off on tweaking rates for 16 months.“Low prices are concerning not just in Alberta, but worldwide,” said McCuaig.“In talking to industry, we did listen and aim to provide stability while we’re doing this imporant work.”Among those named to the panel, highly respected energy economist Peter Terztakian.Also on the panel are former Alberta deputy finance minister Annette Trimbee and Leona Hanson, mayor of Beaverlodge, Alberta.The province hopes the review will generate what it’s calling an open and frank discussion producing a royalty system that better serves all Albertans, including industry. read more

The bizarre price war cutting the cost of flights to Britains most

first_imgBarra’s airport is famous for its beach runwayCredit:GETTY £125inc. tax Ballintaggart FarmGrandtully, Perth and Kinross, Scotland Check availability Reaching the Hebrides by air has never been cheaper A spokesman for Comhairle nan Eilean Siar, the Outer Hebrides’ council, said it was seeking talks with all the airlines “to develop a clearer picture of what the announcement may mean for the longer-term sustainability of air services to the Western Isles”.Cameron Taylor, executive director of the Orkney Tourism Group, also welcomed more flights and lower fares but cautioned: “It is important for the air service to be sustainable and stable, and we would not wish commercial rivalries to create instability or uncertainty.”In Shetland, local tour operators hope the news might spark a tourism revival. Visitor numbers have declined in recent years, almost entirely because demand from the oil industry for staff accommodation has made it difficult for visitors to find a bed for the night.   Rock HouseEdinburgh, Scotland Loganair flies routes on behalf of Flybe from Scottish mainland airports, such as the Glasgow-Barra route which involves the famous beach landing on Tràigh Mhòr, along with services to Benbecula, Stornoway, Sumburgh and Kirkwall. The airlines’ managing director Jonathan Hinkles said the company “was extremely disappointed and surprised” at Flybe’s decision to split with it. Loganair says it will continue its routes and is adding additional Glasgow-Barra flights in peak season – in effect it is going head to head with its former partner – and larger aircraft on some Glasgow-Benbecula flights. The airline is also seeking a codeshare with Flybe, whose CEO Christine Ourmieres-Widener said the new agreement is a chance to offer “more choices and competitive pricing” in the region. £455inc. tax It’s so good you’ll want to keep this glorious Highland gastronomic hideaway a secret. Take a coo…Read expert review From £70inc. tax The best hotels in scotlandview all Rates provided 9Telegraph expert rating Inverlochy Castle HotelFort William, Highlands, Scotlandcenter_img From Under current arrangements passengers flying into Scotland on Flybe and onto the islands do not need to collect their bags and check in again for the connecting flights. Loganair says that baggage charges imposed by Flybe/Eastern Airways will erode any savings from cheaper tickets.The Barra route has been the subject of local criticism for regular delays due to routine maintenance while Flybe has also faced criticism over customer care. Similarly lower fares have been announced for the new alliance’s routes to Sumburgh on Shetland and to Kirkwall on Orkney.Ian Fordham, chairman of Outer Hebrides Tourism, welcomed the news, saying he hoped the “affordable” fares would lead to an increase in the number of visitors. “We hope the affordable fares will encourage more people to take a break in the islands, especially out of the main season and experience our unique landscape and culture,” he said. A heavenly 18th-century house hidden on Calton Hill with a courtyard garden to the front, a prett…Read expert review 9Telegraph expert rating The haunting stones of Callanish on LewisCredit:GETTY Around 218,000 people visit the Outer Hebrides a year, the vast majority – 80 per cent – by ferry. High airfares have meant that flights tend to be dominated by businesses on expense accounts. “The popularity of the Outer Hebrides has been growing dramatically over the past few years, and ferry capacity has been unable to cope at peak times,” said Fordham.The alliance between Flybe and Eastern Airways begins in September and follows a falling out between Flybe and Loganair, whose current franchise arrangement will stop at the end of August. Eastern Airways already flies the Aberdeen-Stornoway route. The haunting stones of Callanish on Lewis Barra's airport is famous for its beach runway Queen Victoria said she ‘never saw a lovelier or more romantic spot’ than Inverlochy Castle in 18…Read expert review A price war has broken out between airlines covering some of Scotland’s most remote islands, slashing the cost of flights between the mainland and the Hebrides.One-way fares between Glasgow and Stornoway on Lewis typically top £300 in high season, making the 60-minute journey one of the most expensive routes per mile in the world – but are now on sale for just £50 with Flybe and Eastern Airways, which have agreed an alliance and codeshare arrangement. 9Telegraph expert rating From Reaching the Hebrides by air has never been cheaperCredit:Credit: ScotImage / Alamy Stock Photo/ScotImage / Alamy Stock Photolast_img read more