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Alberta News

Cenovus targets 20 to 25 per cent workforce reductions following Husky takeover

Cenovus targets 20 to 25 per cent workforce reductions following Husky takeover

CALGARY — Cenovus Energy Inc. is aiming to cut as many as one in four jobs — potentially more than 2,000 workers — if it succeeds in its $3.8-billion friendly takeover of rival Husky Energy Inc.
Suncor Energy relocating its PetroCanada head office to Calgary from Ontario

Suncor Energy relocating its PetroCanada head office to Calgary from Ontario

CALGARY — Suncor Energy Inc. is moving its PetroCanada head office to Calgary from two offices in Ontario next year, affecting about 700 workers.
MEG Energy CEO deflects takeover speculation as oilsands company reports Q3 loss

MEG Energy CEO deflects takeover speculation as oilsands company reports Q3 loss

CALGARY — It's business as usual for oilsands producer MEG Energy Corp., its CEO says, despite speculation it could be a takeover target in the wake of the $3.8-billion buyout of Husky Energy Inc. announced by Cenovus Energy Inc. on Sunday.
Canadians don't want to 'rock the boat' when voting during pandemic: experts

Canadians don't want to 'rock the boat' when voting during pandemic: experts

EDMONTON — Monday's re-election of another incumbent premier in Canada's third recent provincial election shows Canadians don't want to "rock the boat" during a global pandemic, say political experts.
Labour board orders health-care staff who walked off the job to go back to work

Labour board orders health-care staff who walked off the job to go back to work

EDMONTON — The union representing Alberta health-care staff who walked off the job Monday to protest recent cuts says its members will return to work after the province's labour relations board ruled they acted illegally.

Canadians don't want to 'rock the boat' when voting during pandemic: experts

EDMONTON — Monday's re-election of another incumbent premier in Canada's third recent provincial election shows Canadians don't want to "rock the boat" during a global pandemic, say political experts.
Legendary Edmonton locker-room attendant Joey Moss dies at 57

Legendary Edmonton locker-room attendant Joey Moss dies at 57

EDMONTON — Joey Moss — a legendary locker-room attendant for the NHL's Edmonton Oilers and CFL's Edmonton Football Team — has died. He was 57. The Edmonton Football Team confirmed the death on Monday by saying the city has lost a "hero.
'The warning bell is ringing:' Social gathering limits imposed in Calgary, Edmonton

'The warning bell is ringing:' Social gathering limits imposed in Calgary, Edmonton

EDMONTON — Social gatherings in Alberta's two biggest cities have been limited to 15 people after new daily COVID-19 cases reached the 500 mark on the weekend.
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.