Precision Drilling reports $5.3M Q1 loss, warns of drop in demand well into 2021

By The Canadian Press Posted April 30, 2020 8:21 am Smaller font Descrease article font size –A Larger font Increase article font size A+ Precision Drilling Corp. reported a loss in its first quarter and warned that it expected a…

Former Flames head coach Bill Peters moves to Russia in 1st job since leaving Calgary

By The Associated Press Posted April 15, 2020 9:48 am Smaller font Descrease article font size –A Larger font Increase article font size A+ Bill Peters made a return to professional hockey on Wednesday when he was appointed coach of…

‘This is good:’ Natural resources minister welcomes oil nations’ deal to cut production

By Staff Reuters Posted April 12, 2020 6:49 pm Smaller font Descrease article font size –A Larger font Increase article font size A+ OTTAWA  — Canada on Sunday formally welcomed a deal by OPEC and allies to cut oil output…

Global deal in the works to pump less crude oil, stabilize market

Oil-producing countries including those of the OPEC cartel and Russia are trying to strike a global deal to pump less crude in a bid to limit a crash in prices that, while welcome for consumers, has been straining government budgets…

Feds torn between moving toward cleaner energy or bailing out oil and gas sector

Canada’s oil producers could only sit and watch as the price of their product plummeted last month to less than what it costs to buy a litre of soda, hit by the double whammy of a COVID-19-induced drop in global…

Alberta oilsands struggling as Western Canadian Select plunges to $5 per barrel

Oil and gas producers in Alberta may very well be facing their toughest challenge to date, as the price of Western Canadian Select closed at US$5.29 Wednesday. Experts have attributed the price drop to the ongoing COVID-19 pandemic, as well…

Russia could meddle in Canada’s election due to ‘growing interest’ in Arctic: report

OTTAWA — A new University of Calgary study is predicting Russian interference in the federal election campaign to serve what it describes as the Kremlin’s long-term interest of competing against Canada in the Arctic. READ MORE: Here’s what strategists say…