Drilling rigs leaving Alberta

Drilling companies continue to move rigs from Western Canada to the more active oilfields of the southern United States. Calgary-based Western Energy Services Corp. says it moved a drilling rig from Canada to the U.S. Permian Basin oil play in western Texas and southeastern New Mexico early this year and will likely move more rigs […]

Cenovus reports $1.36B loss

Cenovus Energy Inc. reported a $1.36-billion loss in its latest quarter as it faced deep discounts for Western Canadian Select oil. The company says the loss amounted to $1.10 per share for the quarter ended Dec. 31, compared with a profit of $620 million or 50 cents per share in the last three months of […]

Don’t deny climate change

A lawyer for Saskatchewan’s attorney general says the provincial government does not dispute climate change. “This is not a case about whether climate change is real or not. The government of Saskatchewan is not made up of a bunch of climate change deniers,” Mitch McAdam said Wednesday in his overview of the province’s argument that […]

SNC-Lavalin probe eyed

The SNC-Lavalin controversy shifts today to the House of Commons justice committee, where MPs will decide whether to investigate allegations of undue political arm-twisting. Jody Wilson-Raybould resigned from the federal cabinet Tuesday, leaving fresh unanswered questions about whether Prime Minister Justin Trudeau’s aides pressured her to help engineering firm SNC-Lavalin avoid criminal prosecution. Trudeau has […]

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