oil & gas

A haul truck carrying a full load drives away from a mining shovel at the Shell Albian Sands oilsands mine near Fort McMurray, Alta., Wednesday, July 9, 2008. A survey by energy labour market organization PetroLMI shows that more than two-thirds of the employers in Canada's oil and gas sector imposed labour cost reduction measures in the wake of the COVID-19 pandemic lockdowns, including 37 per cent who enacted permanent layoffs. THE CANADIAN PRESS/Jeff McIntosh

Survey shows two-thirds of energy company employers cut labour costs due to COVID-19

Survey shows two-thirds of energy company employers cut labour costs due to COVID-19

 

Imperial Oil President and CEO Brad Corson answers questions at a news conference in Calgary, Wednesday, Dec. 4, 2019. The CEO of Imperial Oil Ltd. says rising COVID-19 infection numbers have stalled a promising recovery in demand for vehicle fuels produced in its Canadian refineries. THE CANADIAN PRESS/Todd Korol

Pandemic resurgence blunts refined fuel demand recovery, says Imperial Oil CEO

Demand stalled for vehicle fuels produced in Canadian refineries

 

FILE - In this April 23, 2018, file photo, the logo for ExxonMobil appears above a trading post on the floor of the New York Stock Exchange. Exxon lost $1.1 billion in the second quarter, Friday, July 31, 2020, its economic pain deepening as the pandemic kept households on lockdown, diminishing the need for oil around the world. (AP Photo/Richard Drew, File)

Losses mount for oil companies as pandemic grips economy

Losses mount for oil companies as pandemic grips economy

 

Cenovus CEO Alex Pourbaix speaks at a news conference in Calgary on January 30, 2020. THE CANADIAN PRESS/Jeff McIntosh

Cenovus to buy Husky Energy for $3.8 billion in shares, CEO will be Alex Pourbaix

Cenovus to buy Husky Energy for $3.8 billion in shares, CEO will be Alex Pourbaix

Cenovus CEO Alex Pourbaix speaks at a news conference in Calgary on January 30, 2020. THE CANADIAN PRESS/Jeff McIntosh
Pumpjacks draw oil out of the ground in a canola field near Olds, Alta., Thursday, July 16, 2020. Higher oil prices are expected to bolster returns as Canadian energy companies report third-quarter results over the next few weeks but observers say a recent stall in the price recovery and ongoing oil market uncertainty make unlikely any increases in production and spending plans. THE CANADIAN PRESS/Jeff McIntosh

Oil price stall, global uncertainty prompt caution as oil firms roll out Q3 reports

Oil price stall, global uncertainty prompt caution as oil firms roll out Q3 reports

Pumpjacks draw oil out of the ground in a canola field near Olds, Alta., Thursday, July 16, 2020. Higher oil prices are expected to bolster returns as Canadian energy companies report third-quarter results over the next few weeks but observers say a recent stall in the price recovery and ongoing oil market uncertainty make unlikely any increases in production and spending plans. THE CANADIAN PRESS/Jeff McIntosh
FILE - This Wednesday, Jan. 20, 2016 file photo, shows the Shell logo at a petrol station in London. Royal Dutch Shell said Wednesday Sept. 30, 2020, it is planning to cut between 7,000 and 9,000 jobs worldwide by the end of 2022 following a collapse in demand for oil and a subsequent slide in oil prices during the coronavirus pandemic. (AP Photo/Kirsty Wigglesworth, File)

Shell plans to cut up to 9,000 jobs as oil demand slumps

1,500 employees have already agreed to take voluntary redundancy

  • Sep 30, 2020
FILE - This Wednesday, Jan. 20, 2016 file photo, shows the Shell logo at a petrol station in London. Royal Dutch Shell said Wednesday Sept. 30, 2020, it is planning to cut between 7,000 and 9,000 jobs worldwide by the end of 2022 following a collapse in demand for oil and a subsequent slide in oil prices during the coronavirus pandemic. (AP Photo/Kirsty Wigglesworth, File)
A pumpjack works at a well head on an oil and gas installation near Cremona, Alta., Saturday, Oct. 29, 2016. Calfrac Well Services Ltd. is postponing a vote to approve its recapitalization plan in the wake of an unsolicited takeover offer for the company by Texas-based Wilks Brothers LLC. THE CANADIAN PRESS/Jeff McIntosh

Calfrac delays vote on recapitalization plan to Sept. 29 after Wilks Brothers offer

Board of directors to make formal recommendation to shareholders

A pumpjack works at a well head on an oil and gas installation near Cremona, Alta., Saturday, Oct. 29, 2016. Calfrac Well Services Ltd. is postponing a vote to approve its recapitalization plan in the wake of an unsolicited takeover offer for the company by Texas-based Wilks Brothers LLC. THE CANADIAN PRESS/Jeff McIntosh
Husky Energy logo is shown at the company’s annual meeting in Calgary, Alta., Friday, May 5, 2017. Husky Energy is re-evaluating a $2.2-billion oil project off the coast of Newfoundland. THE CANADIAN PRESS/Jeff McIntosh

Husky asks for government investment while reviewing West White Rose project

$2.2-billion West White Rose offshore oil project partly completed

Husky Energy logo is shown at the company’s annual meeting in Calgary, Alta., Friday, May 5, 2017. Husky Energy is re-evaluating a $2.2-billion oil project off the coast of Newfoundland. THE CANADIAN PRESS/Jeff McIntosh
People talk as waves wash ashore and the outer bands of Hurricane Laura bring winds and rain Wednesday, Aug. 26, 2020, in High Island. ( Jon Shapley/Houston Chronicle via AP)

Oil industry shuts platforms, rigs, refineries as storm hits

Oil industry now hammered by weather

  • Aug 27, 2020
People talk as waves wash ashore and the outer bands of Hurricane Laura bring winds and rain Wednesday, Aug. 26, 2020, in High Island. ( Jon Shapley/Houston Chronicle via AP)
Red Deer Advocate file photo

Residents urged to fight energy industry tax breaks

County of Stettler and Lacombe County say tax breaks could cost them millions

Red Deer Advocate file photo
Cenovus, Suncor choose different paths on restoring oil output as prices recover

Cenovus, Suncor choose different paths on restoring oil output as prices recover

Cenovus, Suncor choose different paths on restoring oil output as prices recover

Cenovus, Suncor choose different paths on restoring oil output as prices recover
Analysts say there are still too many risks and uncertainties in the market to expect any new project spending in the energy sector, in a July 14, 2020 story. (Photo by THE CANADIAN PRESS)

Oilpatch optimism expected to rise as difficult second-quarter finally ends

CALGARY — Analysts say a rebound in oil prices as consumer demand…

Analysts say there are still too many risks and uncertainties in the market to expect any new project spending in the energy sector, in a July 14, 2020 story. (Photo by THE CANADIAN PRESS)
Environmental monitoring for the oilsands is expected to resume July 15, 2020. (Photo by THE CANADIAN PRESS)

N.W.T. ignored in Alberta monitoring suspension despite agreement: leaked emails

EDMONTON — Alberta suspended environmental monitoring for oilsands companies without notifying the…

Environmental monitoring for the oilsands is expected to resume July 15, 2020. (Photo by THE CANADIAN PRESS)

Global oil demand rebound from pandemic’s lows prompts price spike forecasts

Global oil demand rebound from pandemic’s lows prompts price spike forecasts

China finds energy expertise in central Alberta

China finds energy expertise in central Alberta

Red Deer County companies Icon Energy Services and C-Sense Consulting find success in China

China finds energy expertise in central Alberta
Federal aid for oil sector still in development, three months later

Federal aid for oil sector still in development, three months later

Federal aid for oil sector still in development, three months later

Federal aid for oil sector still in development, three months later
Trans Mountain said the oil spill on Saturday was fully contained on Trans Mountain property, in a June 15, 2020 story. (Photo by THE CANADIAN PRESS)

Trans Mountain says pipeline has restarted after spill in Abbotsford, B.C.

ABBOTSFORD, B.C. — Trans Mountain estimates as much as 1,195 barrels, or…

Trans Mountain said the oil spill on Saturday was fully contained on Trans Mountain property, in a June 15, 2020 story. (Photo by THE CANADIAN PRESS)
Climate activist Greta Thunberg, who has met with Prime Minister Justin Trudeau, is the headline signatory on a letter to UN ambassadors of small island developing states, in a June 10, 2020 story. (Photo by THE CANADIAN PRESS)

Greta Thunberg pushes Canada, Norway, on climate before UN Security Council vote

OTTAWA — Teenage climate activist Greta Thunberg is urging developing island nations…

Climate activist Greta Thunberg, who has met with Prime Minister Justin Trudeau, is the headline signatory on a letter to UN ambassadors of small island developing states, in a June 10, 2020 story. (Photo by THE CANADIAN PRESS)
FILE - This Jan. 16, 2020 file photo shows a Uniper energy company coal-fired power plant and a BP refinery beside a wind generator in Gelsenkirchen, Germany. (AP Photo/Martin Meissner)

BP to cut 10,000 jobs worldwide amid virus pandemic

LONDON — Energy producer BP announced Monday that it will slash its…

  • Jun 8, 2020
FILE - This Jan. 16, 2020 file photo shows a Uniper energy company coal-fired power plant and a BP refinery beside a wind generator in Gelsenkirchen, Germany. (AP Photo/Martin Meissner)
Vermilion Energy posts $1.3-billion loss on oil and gas assets writedown

Vermilion Energy posts $1.3-billion loss on oil and gas assets writedown

Vermilion Energy posts $1.3-billion loss on oil and gas assets writedown

Vermilion Energy posts $1.3-billion loss on oil and gas assets writedown