Alberta News

Imperial Oil posts $1.17B first-quarter profit, best in over 30 years

CALGARY — High oil prices helped Imperial Oil Ltd. post its highest first-quarter profit in over 30 years Friday, though production at the company's Kearl oilsands mine was less than anticipated due to extreme cold weather and unplanned downtime.

Apr 29, 2022 11:15 AM Read more >

Zach Hyman's overtime winner sends Oilers to 5-4 victory over Sharks

EDMONTON — There wasn't anything left to play for, but the Edmonton Oilers still kept their hot streak going as playoff preparation.

Apr 28, 2022 10:49 PM Read more >

Edmonton Oil Kings complete series sweep of Lethbridge Hurricanes with 6-4 win

LETHBRIDGE, Alta. — Dylan Guenther scored and assisted as the Edmonton Oil Kings reached the second round of the WHL playoffs after completing their series sweep of the Lethbridge Hurricanes with a 6-4 victory Thursday.

Apr 28, 2022 10:09 PM Read more >

'I didn't know better': Calgary man admits to terrorism activity with Islamic State

CALGARY — A man who admitted to terrorism-related acts with the militant group Islamic State told a judge Thursday he didn't know any better.

Apr 28, 2022 4:56 PM Read more >

Activist investor Elliott Investment Management seeking changes at Suncor Energy

CALGARY — One of North America's most aggressive activist investors has set its sights on Suncor Energy Inc., seeking an overhaul of the company's board and management team, along with the possible sale of Petro-Canada.

Apr 28, 2022 2:39 PM Read more >

Rogers to bring 500 jobs to Calgary with national technology centre

CALGARY — Rogers Communications Inc. says it will bring 500 jobs to Calgary with a new national technology centre that it intends to establish following the close of the company's proposed merger with Shaw Communications Inc.

Apr 28, 2022 11:00 AM Read more >

Precision Drilling boosts capital spending as higher rig demand expected to continue

CALGARY — Precision Drilling Corp. is boosting its 2022 capital spending in anticipation of a continued strong run for the oilfield rig provider amid higher demand and surging prices for oil and natural gas.

Apr 28, 2022 10:45 AM Read more >

Alberta proposes bill to update electricity system, end controversial power pool

EDMONTON — Alberta wants to pull the plug on its electricity Balancing Pool, a one-time money-gushing feature of its power system that would end its life as a political quagmire and cash sinkhole.

Apr 27, 2022 4:53 PM Read more >

Drought and a harsh winter deliver one-two punch to CP Rail revenue

CALGARY — Canadian Pacific Railway Ltd. saw revenue and profits dip in its first quarter as a weak grain harvest, a harsh winter and a work stoppage took their toll.

Apr 27, 2022 2:39 PM Read more >

Federal tax credit not enough to get carbon capture projects built: Cenovus CEO

CALGARY — The chief executive of Cenovus Energy Inc.

Apr 27, 2022 2:28 PM Read more >