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Just hours after the share price of Cenovus Energy was sliced in half by the , the company moved swiftly to react, cutting its capital spending plans by almost a...
Business
With the , pushing crude down by more than $10 on Monday to US$31.13 a barrel, Alberta — and the country — will be lucky to avoid another punishing downturn....
Business
These are precarious times for the global oil industry, leaving the Canadian sector to hunker down amid fresh fears of a new price war erupting. Benchmark U.S. oil prices tumbled...
Business
The country’s largest petroleum producer has modestly trimmed its spending plan for the year, while other oilpatch companies are scrutinizing their capital programs in the wake of crumbling crude prices....
Business
As the Kenney government considers , the province is grappling with soaring costs from one of Alberta’s last major forays into the sector the Sturgeon refinery. And those bills continue...
Business
When to a Calgary Chamber of Commerce breakfast, benchmark crude prices were bouncing around US$45 a barrel, almost $13 below the oil projections released in his new budget last...
Business
How else does one explain how the Kenney government’s budget released Thursday predicts employment growth will nearly triple from last year’s anemic levels Or that the unemployment rate , which...
Business
That’s why the First Nation northeast of Peace River is pressing for more energy projects to go ahead, as long as they’re developed in the right way. It’s also why...
Business
Give federal Natural Resources Minister Seamus O’Regan credit for coming to Alberta in the middle of another political firestorm over energy development, when tempers are hot and there are many...
Business
How utterly messed up is the resource development process in Canada a company spends more than nine years and $1.1 billion trying to get an oilsands project approved by the...
Business
The mayor of the Regional Municipality of Wood Buffalo was in Ottawa with several council colleagues to exhort the Trudeau government to approve the proposed Frontier oilsands project. On his...
Business
But waiting for Ottawa to find a solution to anti pipeline blockades is creating more anxiety for Alberta businesses and the Kenney government. Prime Minister Justin Trudeau’s government asked for patience...
Business
As Prime Minister Justin Trudeau on Tuesday stressed the “” to anti pipeline blockades, the head of the Indian Resource Council of Canada was discussing how to build a path forward...
Business
Cenovus Energy CEO Alex Pourbaix said this week, which have interrupted some rail shipments in different parts of the country, will soon start to squeeze the entire economy. “I...
Business
Does the same future await the federal government’s $12.6 billion Trans Mountain pipeline expansion, which is also under construction Anderson sat down for a wide ranging interview on Monday, discussing the 70...
Business
With empty seats and a small number of tables at a Monday morning speech by federal Finance Minister Bill Morneau, it was easy to spot the elephant in the room...
Business
The Trans Mountain pipeline expansion, opposed by the B.C. government, dragged into court by opponents and mishandled by its federal owners, is facing a massive cost overrun. The Trans Mountain...
Business
Suncor Energy CEO Mark Little is looking over the horizon these days at the oilsands giant’s next steps, as well as eyeing the future of new pipelines and ways to...
Business
Sometimes, you have to look to the past to find clues about the path forward. And inevitably, it starts with having an honest conversation about the facts. For Calgary energy...
Business
On Tuesday, the by several First Nations in British Columbia to overturn the Trudeau government’s approval of the project. The court unanimously rejected their request, paving the way for...