Alberta Oil Industry
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Alberta’s oil production booming but majority of revenue leaving provinceAlberta's oil production is booming but a smaller share of revenue is staying in the province.EconomyOct 23, 2022
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Judge dismisses attempt to quash ‘anti Alberta’ activities inquiryJustice 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.EnvironmentMay 14, 2021
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Crude-by-rail shipments bounce back from summer lows in September, says CERCanadian 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.EconomyNov 25, 2020
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Alberta cuts deal on municipal oilpatch levies; not on unpaid property taxesAlberta has announced a three-year deal that it says will prevent municipal taxes and levies from harming its already battered energy industry.CanadaOct 19, 2020
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Suncor reports $3.5 billion in losses due to low oil pricesSuncor 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.EconomyMay 6, 2020
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Oil and beef: Expert says Alberta must diversify as major industries hit by COVID-19Alberta — 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.EconomyApr 29, 2020
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Alberta company diversifies oil field business amid challenging times for energy sectorAs Alberta's oil and gas sector continues to face a dire outlook, one company is diversifying the work it provides in the province.EconomyApr 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.EconomyApr 22, 2020
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Plunging oil prices point to ‘deep collapse’ in sector, drilling firm CEO warnsThe 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
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Oil prices are in the negative: COVID-19 rules to stay home played a huge partAs oil prices dropped to unprecedented negative levels Monday, experts say it's the result of an oversupply problem due to COVID-19 stay-at-home orders.EconomyApr 20, 2020
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