Alberta
World’s largest civilian transport aircraft lifts Red Deer Company to India to battle nightmare well blowout
Piston Well Services Inc. has been hired to take on a fire that’s been burning for months.
Report from Northeast Today
The world’s largest Civilian transport aircraft ANTONOV (AN124) which has been commissioned for snubbing operation in Baghjan-well number 5 landed at Kolkata airport on Wednesday night from where it will make a 14- day long road journey to reach Baghjan in Assam’s Tinsukia district.
Reportedly, as both the Guwahati and Dibrugarh airport runways are not able to handle the massive Ukrainian ANTONOV (AN124) aircraft, it had to be landed in Kolkata.
As per reports, the 59,000 kgs equipment boarded the An124 heavy-lift aircraft – the world’s largest cargo carrier from Russia. The aircraft is used all over the world for its long haul cargo dropping.
According to the OIL sources, the aircraft was commissioned by Piston Well Service Inc of Canada which was hired by Alert Disaster Control, Singapore. The Alert has been commissioned by OIL for killing the Baghjan-5 well, which was burning since May 27 of this year.
According to the spokesperson of Oil India Limited (OIL) Tridiv Hazarika, the snubbing operation is expected to commence by the beginning of next week and the fire is expected to be snubbed by the first week of November ending months of misery of the people of Baghja
Earlier, the general manager of the company Ross Whelan informed the same through a facebook post saying that a crew had arrived and was ready to board a heavy-lift aircraft from Canada’s Calgary.
“Our crew has arrived, and 59,000kg of our equipment boarded the An124 heavy-lift aircraft in Calgary today,” he said.
On May 27 this year, a blowout occurred in the Baghjan Oil Well, this was followed by an inferno on June 9, after the well suddenly became active while OIL was carrying out workover operations in the gas-producing well under Baghjan Oilfield. OIL lost three men including two firefighters and a young engineer.
Read the whole story including photos of the Antonov at this link
From Ross Whelan, GM of Piston Well Services Inc. in Red Deer.
Piston Well Services Inc. of Alberta is proud to announce the award of a contract to conduct emergency snubbing services for Alert Disaster Control of Singapore on the Baghjan Well #5 blowout in Assam, India. The scope of work includes mobilizing a crew and snubbing unit with support equipment to facilitate killing, plugging and abandoning the well which blew out on May 27, 2020 and exploded in a remote wetland causing a major human and ecological disaster.
The well is currently capped, and uncontrolled flow is temporarily diverted as wellhead integrity issues caused by the blowout and subsequent fire are preventing the use of traditional well shut-in and kill methods. A proposed snubbing procedure was confirmed with computer modeling and ordered by the well owner.
Piston’s team engaged to overcome a litany of logistical issues but it’s an honour to deploy our Canadian know-how to bring an unfortunate event to a safe conclusion.
Piston is a snubbing, completions & workover company based in Red Deer, AB, established in 1999 by the industry’s pioneers and continues to serve the Western Canadian Basin with a fleet of proprietary high pressure snubbing units.
Here’s a time-lapse from Piston Well Services Inc. showing the process of loading Rig 6.
Alberta
Alberta government should create flat 8% personal and business income tax rate in Alberta
From the Fraser Institute
By Tegan Hill
If the Smith government reversed the 2015 personal income tax rate increases and instituted a flat 8 per cent tax rate, it would help restore Alberta’s position as one of the lowest tax jurisdictions in North America
Over the past decade, Alberta has gone from one of the most competitive tax jurisdictions in North America to one of the least competitive. And while the Smith government has promised to create a new 8 per cent tax bracket on personal income below $60,000, it simply isn’t enough to restore Alberta’s tax competitiveness. Instead, the government should institute a flat 8 per cent personal and business income tax rate.
Back in 2014, Alberta had a single 10 per cent personal and business income tax rate. As a result, it had the lowest top combined (federal and provincial/state) personal income tax rate and business income tax rate in North America. This was a powerful advantage that made Alberta an attractive place to start a business, work and invest.
In 2015, however, the provincial NDP government replaced the single personal income tax rate of 10 percent with a five-bracket system including a top rate of 15 per cent, so today Alberta has the 10th-highest personal income tax rate in North America. The government also increased Alberta’s 10 per cent business income tax rate to 12 per cent (although in 2019 the Kenney government began reducing the rate to today’s 8 per cent).
If the Smith government reversed the 2015 personal income tax rate increases and instituted a flat 8 per cent tax rate, it would help restore Alberta’s position as one of the lowest tax jurisdictions in North America, all while saving Alberta taxpayers $1,573 (on average) annually.
And a truly integrated flat tax system would not only apply a uniform tax 8 per cent rate to all sources of income (including personal and business), it would eliminate tax credits, deductions and exemptions, which reduce the cost of investments in certain areas, increasing the relative cost of investment in others. As a result, resources may go to areas where they are not most productive, leading to a less efficient allocation of resources than if these tax incentives did not exist.
Put differently, tax incentives can artificially change the relative attractiveness of goods and services leading to sub-optimal allocation. A flat tax system would not only improve tax efficiency by reducing these tax-based economic distortions, it would also reduce administration costs (expenses incurred by governments due to tax collection and enforcement regulations) and compliance costs (expenses incurred by individuals and businesses to comply with tax regulations).
Finally, a flat tax system would also help avoid negative incentives that come with a progressive marginal tax system. Currently, Albertans are taxed at higher rates as their income increases, which can discourage additional work, savings and investment. A flat tax system would maintain “progressivity” as the proportion of taxes paid would still increase with income, but minimize the disincentive to work more and earn more (increasing savings and investment) because Albertans would face the same tax rate regardless of how their income increases. In sum, flat tax systems encourage stronger economic growth, higher tax revenues and a more robust economy.
To stimulate strong economic growth and leave more money in the pockets of Albertans, the Smith government should go beyond its current commitment to create a new tax bracket on income under $60,000 and institute a flat 8 per cent personal and business income tax rate.
Author:
Alberta
Province to stop municipalities overcharging on utility bills
Making utility bills more affordableAlberta’s government is taking action to protect Alberta’s ratepayers by introducing legislation to lower and stabilize local access fees. Affordability is a top priority for Alberta’s government, with the cost of utilities being a large focus. By introducing legislation to help reduce the cost of utility bills, the government is continuing to follow through on its commitment to make life more affordable for Albertans. This is in addition to the new short-term measures to prevent spikes in electricity prices and will help ensure long-term affordability for Albertans’ basic household expenses.
Local access fees are functioning as a regressive municipal tax that consumers pay on their utility bills. It is unacceptable for municipalities to be raking in hundreds of millions in surplus revenue off the backs of Alberta’s ratepayers and cause their utility bills to be unpredictable costs by tying their fees to a variable rate. Calgarians paid $240 in local access fees on average in 2023, compared to the $75 on average in Edmonton, thanks to Calgary’s formula relying on a variable rate. This led to $186 million more in fees being collected by the City of Calgary than expected.
To protect Alberta’s ratepayers, the Government of Alberta is introducing the Utilities Affordability Statutes Amendment Act, 2024. If passed, this legislation would promote long-term affordability and predictability for utility bills by prohibiting the use of variable rates when calculating municipalities’ local access fees. Variable rates are highly volatile, which results in wildly fluctuating electricity bills. When municipalities use this rate to calculate their local access fees, it results in higher bills for Albertans and less certainty in families’ budgets. These proposed changes would standardize how municipal fees are calculated across the province, and align with most municipalities’ current formulas.
If passed, the Utilities Affordability Statutes Amendment Act, 2024 would prevent municipalities from attempting to take advantage of Alberta’s ratepayers in the future. It would amend sections of the Electric Utilities Act and Gas Utilities Act to ensure that the Alberta Utilities Commission has stronger regulatory oversight on how these municipal fees are calculated and applied, ensuring Alberta ratepayer’s best interests are protected.
If passed, this legislation would also amend sections of the Alberta Utilities Commission Act, the Electric Utilities Act, Government Organizations Act and the Regulated Rate Option Stability Act to replace the terms “Regulated Rate Option”, “RRO”, and “Regulated Rate Provider” with “Rate of Last Resort” and “Rate of Last Resort Provider” as applicable. Quick facts
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