Alberta News

CALGARY — The one-time costs of merging with Husky Energy Inc. are expected to total about $500 million, including severance, says the CEO of Cenovus Energy Inc., adding the expense is worth it given the expected savings of about $1.

CALGARY — The Petroleum Services Association of Canada says it expects another "bleak" year for Canadian oil and gas drilling in 2021.

CALGARY — The Canadian women's hockey team is in desperate need of international games. Gina Kingsbury hopes a Rivalry Series against the United States can happen this winter.

CALGARY — Husky Energy Inc. reported a nearly $7.1-billion loss in its latest quarter as it was hit by $6.7 billion in non-cash impairment charges after taxes related to lower long-term commodity price assumptions and reduced capital investment.

CALGARY — TC Energy Corp. reported its third-quarter profit rose compared with a year ago as its revenue edged higher.

EDMONTON — Somewhere near Lake Baikal on the Siberian steppes, archeologists were opening 7,000-year-old graves. The bodies had been carefully interred. One was buried with a long, carved spoon. Another had been honoured with a necklace of elk teeth.

EDMONTON — Donald Frank Mazankowski, a former Tory deputy prime minister, has died at the age of 85. Speaker Anthony Rota announced the news in the House of Commons Wednesday and MPs held a moment of silence in his memory.

CALGARY — Suncor Energy Inc. is reporting a third-quarter operating loss of $302 million or 20 cents per share as revenue fell 34 per cent to $6.5 billion due to lower production and oil prices compared with the same period of 2019.

EDMONTON — Alberta is proposing new rules for child care that would include flexible oversight and availability 24 hours a day to accommodate parents who work shifts.

EDMONTON — A public inquiry into who is funding environmental opposition to Alberta's oil and gas industry has been granted an extension until the end of January.