Alberta Oil Industry

• Alberta’s energy industry, government watch nervously as oil prices hit 4-year low

  With oil prices plunging to their lowest level in four years, both the energy industry and governments that depend on energy royalties are watching nervously.

  Economy

  May 5, 2025
  
• Alberta’s oil production booming but majority of revenue leaving province

  Alberta's oil production is booming but a smaller share of revenue is staying in the province.

  Economy

  Oct 23, 2022
  
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• Judge dismisses attempt to quash ‘anti Alberta’ activities inquiry

  Justice Karen Horner says the environmental law firm Ecojustice failed to prove the inquiry was called to intimidate charities that have raised concerns about the industry.

  Environment

  May 14, 2021
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• Crude-by-rail shipments bounce back from summer lows in September, says CER

  Canadian exports of crude oil by rail are bouncing back after falling to an eight-year low over the summer, according to the Canada Energy Regulator.

  Economy

  Nov 25, 2020
• Alberta cuts deal on municipal oilpatch levies; not on unpaid property taxes

  Alberta has announced a three-year deal that it says will prevent municipal taxes and levies from harming its already battered energy industry.

  Canada

  Oct 19, 2020
• Suncor reports $3.5 billion in losses due to low oil prices

  Suncor Energy Inc. is reporting a first-quarter net loss of $3.525 billion mainly due to asset impairments linked to low oil prices, compared with net earnings of $1.47 billion in the same quarter of last year.

  Economy

  May 6, 2020
• Oil and beef: Expert says Alberta must diversify as major industries hit by COVID-19

  Alberta — long known as Canada's central hub for both beef and oil — has seen both those industries slammed with economic troubles since the COVID-19 crisis began.

  Economy

  Apr 29, 2020
• Alberta company diversifies oil field business amid challenging times for energy sector

  As Alberta's oil and gas sector continues to face a dire outlook, one company is diversifying the work it provides in the province.

  Economy

  Apr 28, 2020
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• What does the oil price drop mean for the average Canadian?

  Consumers may not see any immediate repercussions from the negative levels that global oil prices are now facing, but experts say we need to look at the bigger picture.

  Economy

  Apr 22, 2020
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• Plunging oil prices point to ‘deep collapse’ in sector, drilling firm CEO warns

  The CEO of one of Canada's largest drilling rig contractors says plunging North American crude prices on Monday and Tuesday are signs that the oil industry is headed for a "deep, deep collapse."

  Apr 21, 2020