Producers still cautious despite higher Q2 expectations on stronger oil prices

Higher oil prices are expected to boost cash flow for the large Canadian crude producers as they roll out second-quarter results beginning next week, but analysts say the extra money is unlikely to be added to growth budgets. Canadian oil…

Councillor wants Edmonton to address what he believes is inefficient city spending

With belt-tightening needed by Edmonton City Council to weather coming fiscal headwinds, Councillor Aaron Paquette wants to take a closer look at whether the city can’t manage its resources more efficiently. Paquette spoke to Global News on Thursday about his…

Cenovus produces one billionth barrel from oilsands operations in northern Alberta

Cenovus Energy Inc. says its thermal oilsands operations in northern Alberta produced their one billionth barrel of bitumen on Wednesday. The milestone comes about 18 years after Cenovus’ Foster Creek facility was launched in 2001 as the first commercial oilsands…

Alberta oil and gas CEOs say combination of high dividend yields and sliding shares are spooking investors

Mid-sized Alberta oil and gas producers say their share prices have fallen so low that investors are starting to worry their rising dividend yields are becoming unsustainable. The irony is that his Calgary-based company has no intention of reducing its…

Plains Midstream proposes expansion of pipeline system that leaked 7 years ago

A pipeline company that was fined $1.3 million in 2014 after pleading guilty in two separate Alberta oil spills is announcing plans to expand its Canadian system. READ MORE: Plains Midstream pleads guilty, fined $1.3 million for two oil spills…