Tag: penalty

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Calgary, Alberta, Aug. 14, 2025 (GLOBE NEWSWIRE) -- The Alberta Energy Regulator (AER) has issued an administrative penalty totaling $448 980.49 to Terroco Industries Ltd. (Terroco) for contravening the Oil and Gas Conservation Rules. A copy of the decision is on the AER’s Compliance Dashboard.   
  
Following an investigation by the AER, it was determined that over a 40-day non-contiguous period, between June 27 and August 22, 2023, Terroco contravened section 8.150(3)(c) of the Oil and Gas Conservation Rules. The investigation also determined four contraventions of section 8.030(2) of the Oil and Gas Conservation Rules.    
  
The contraventions include accepting waste not approved to receive; using a single-walled aboveground storage tank without secondary containment, leak detection, or a spill control device in use; and not having a foundation designed for an aboveground storage tank for which the AER assessed an administrative penalty of $150 000.   
  
Terroco also generated revenue performing a prohibited act, which is considered an economic benefit while contravening 8.150(3)(c) of the Oil and Gas Conservation Rules, for which the AER assessed an administrative penalty of $298 980.49.   
  
An administrative penalty is one of many compliance and enforcement tools the AER can use when companies do not comply with the regulatory requirements.    
  
For more information on the AER’s investigation enforcement processes, please see the Investigations webpage on aer.ca.  
  
About the Alberta Energy Regulator   
The AER provides for the safe, efficient, orderly, and environmentally responsible development of energy and mineral resources in Alberta through our regulatory activities. For more information visit aer.ca.   
   
Contact    
Email: media@aer.ca | Media line: 1-855-474-6356   
   
Connect with AER   
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CALGARY, Alberta, Aug. 08, 2025 (GLOBE NEWSWIRE) -- Calfrac Well Services Ltd. (“Calfrac” or “the Company”) (TSX: CFW) announces its financial and operating results for the three and six months ended June 30, 2025. The following press release should be read in conjunction with the management’s discussion and analysis and interim consolidated financial statements and notes thereto as at June 30, 2025. Readers should also refer to the “Forward-looking statements” legal advisory and the section regarding “Non-GAAP Measures” at the end of this press release. All financial amounts and measures are expressed in Canadian dollars unless otherwise indicated. Additional information about Calfrac is available on the SEDAR+ website at www.sedarplus.ca, including the Company’s Annual Information Form for the year ended December 31, 2024.

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Stellantis Reports First Half 2025 Results Reflecting External Headwinds and Ongoing Recovery Actions; Financial Guidance Re-Established

Common Equity Tier 1 Capital Ratio of 14.13% | Tangible Book Value per Share of $24.33