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March, 2016 | Northern BC Business
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Small Industrial Businesses Lack Proper Service Coverage

Timberespan Wood Products recently moved to a new location for expansion and further development. Timberspan Wood Products is a specialty lumber mill in the Prince George area that specializes in Douglas Fir timbers. They have a total of 5 employees and produce custom timbers that are used all over the world. The have a global reach for their precise lumber. He recently bought some new property about 400 m away from the currently property that […]

Calgary-based Terra Energy shuts down after bank calls in $16M loan

From CBC A small energy producer with wells and facilities in Alberta and B.C. says it has shut down production, laid off all non-executive employees and its directors and officers have resigned after a bank called in a loan. Calgary-based Terra Energy Corp. has long been struggling to turn a profit, first as low natural gas prices cut into earnings and then as the collapse in crude prices derailed its plans to switch focus from […]

As oil prices plunge, Crown land sales fall to 23-year low: ‘Nobody bought anything’

Financial Post Yadullah Hussain Crown land sales in British Columbia’s oil and gas basins dropped to zero last month in a sign the crippling oil price environment has diminished the companies’ appetite to tap new lands for drilling. “Nobody bought anything,” said Gregg Scott, president of Calgary-based Scott Land & Lease Ltd., who estimates the B.C. government has raised a mere $200,000 from sales so far this year compared to $2.8 million during the same […]

Petronas believes final decision on Pacific NorthWest LNG project close, but denies deadline

From the Financial Post By Claudia Cattaneo The leader of the Petronas-led Pacific NorthWest LNG project said he expects a nearly three-year environmental review process to come to an end March 22 and a “timely” cabinet decision soon after. But in an interview from Kuala Lumpur, where Petronas is based, Michael Culbert, the project’s president, denied proponents have given Ottawa a March 31 ultimatum for a decision on where it can be built. “We are […]

The Weather Network

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