PSAC says it now expects just 2,800 wells will be drilled in Canada this year, down from a nearly 50-year low of 3,100 in its revised forecast in April.

Both Cenovus Energy and Suncor Energy reported millions of dollars in losses in the second quarter as they throttled back oil production amid a global crude market awash in surplus barrels.

Amid a low project backlog and slowdown of Canada's oil energy industry, Shaw Pipe is ending operations after almost 60 years in business in Regina.

There has been a brain drain from Alberta to Texas in recent years, with many saying the state is a great place to do business.

Environmental law firm Ecojustice is asking a court to strike down Alberta's inquiry into the role of foreign money financing the activities of charities opposing the oilsands.

The Muttart Foundation says the government's inquiry into so-called anti-Alberta activities is creating a "climate of fear" by suggesting there is a price to be paid for disagreeing with the government.

The Calgary-based company didn't say which city would be its home base when it announced last week it would establish a ``corporate domicile'' in the United States to replace its longstanding home in Calgary.

The $30-million centre is part of what Premier Jason Kenney has termed a "fight-back" strategy against those he says are unfairly denigrating the industry.

A consortium of nine natural gas producers wants to attract partners to build and operate what could be a 12-million-tonne-per-year LNG project to open by 2026.

The motion, which passed 7-4, points to a B.C. government report that projects the City of Vancouver will have to spend $1 billion this century to mitigate rising sea levels.