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Alberta News

MEG Energy beats expectations in Q3 with third straight quarter of losses

MEG Energy beats expectations in Q3 with third straight quarter of losses

CALGARY — MEG Energy Corp. beat expectations as it posted its third consecutive quarter of net losses on a 44-per-cent drop in revenues caused by lower bitumen production and realized prices.

Higher oil prices fuel PrairieSky Royalty third quarter earnings and revenue rebound

CALGARY — PrairieSky Royalty Ltd. says its oil and gas revenue and net earnings staged a rebound in the third quarter ending Sept. 30 as oil prices recovered from pandemic-related lows.
Alberta to limit temporary foreign worker program to save jobs for Albertans

Alberta to limit temporary foreign worker program to save jobs for Albertans

EDMONTON — The Alberta government is hoping to open jobs in the province for local people by closing some of them to foreigners.

Hockey club investigating after video appears to show boy convulsing in locker room

CALGARY — Minor hockey players who were filmed pushing a boy into a locker room wall until he fell to the ground and appeared to briefly convulse have lost their playing privileges pending an investigation, the executive director of Hockey Calgary sa
Cenovus shares plummet on news of its $3.8-billion deal to buy oilsands rival

Cenovus shares plummet on news of its $3.8-billion deal to buy oilsands rival

CALGARY — The all-share deal by Cenovus Energy Inc. to buy Husky Energy Inc. for about $3.8 billion will likely spark more mega-mergers among Canadian oil and gas majors, according to a veteran oilsands analyst.

Watchdog agency asked to look into man's death following arrest at LRT station

CALGARY — Alberta's police oversight agency has been asked to investigate a death that police say happened after a suspect was arrested at a light-rail train station.
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

CALGARY — A surprise move by Cenovus Energy Inc. to buy rival Husky Energy Inc. for $3.8 billion in shares will create the third-largest Canadian oil and natural gas producer by total production, the companies announced Sunday.
Inquiry into oil and gas foes to deliver report next year: Kenney

Inquiry into oil and gas foes to deliver report next year: Kenney

CALGARY — An inquiry into who is funding environmental opposition to the province's oil and gas sector will be completed some time next year, at least six month later than its original target, Alberta Premier Jason Kenney said Saturday.
Mountaintop coal mine hearings to begin amidst fears of pollution, development rush

Mountaintop coal mine hearings to begin amidst fears of pollution, development rush

A proposed coal mine that would create hundreds of jobs but shear off a mountaintop in one of Alberta's most sensitive environments is to go to a public hearing this week.
Calgary Flames sign Russian defenceman Nikita Nesterov to one-year contract

Calgary Flames sign Russian defenceman Nikita Nesterov to one-year contract

CALGARY — The Calgary Flames and Russian defenceman Nikita Nesterov have agreed to a one-year contract. The deal is worth US$700,000, the NHL club said Friday in a statement.