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Alberta News
Alberta News
Oil and gas drilling forecast revised to 49 year low as producers cut spending
CALGARY — The Petroleum Services Association of Canada has revised its 2020 Canadian drilling forecast to an almost 50-year record low of 3,100 oil and gas wells, a level not seen since 2,900 wells were drilled in 1972.
Apr 30, 2020 11:35 AM
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Oilers sign defenceman Markus Niemelainen to entry-level contract
EDMONTON — The Edmonton Oilers have signed defenceman Markus Niemelainen to a two-year entry-level contract.
Apr 30, 2020 11:03 AM
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Whitecap Resources posts $2.1-billion loss, warns of 'involuntary' crude cuts
CALGARY — Oil producer Whitecap Resources Inc. says it is planning for "involuntary shut-ins" of production as North American crude storage levels threaten to exceed capacity and commodity prices remain at low levels.
Apr 30, 2020 10:39 AM
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'It's a lot:' Fort McMurray residents deal with floods during COVID-19 pandemic
FORT MCMURRAY, Alta. — Fort McMurray resident Michelle Toner says it's been a hectic, sad week in the northern Alberta city.
Apr 29, 2020 9:04 PM
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Cargill beef plant to reopen next week after COVID-19 outbreak forced closure
CALGARY — Workers are to return Monday to a beef processing plant south of Calgary that was closed for two weeks because of a COVID-19 outbreak.
Apr 29, 2020 5:48 PM
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No short-term end to oil price slump hitting Alberta: premier
EDMONTON — Premier Jason Kenney says a global oil glut means Alberta's main industry will be dealing with low prices for a year or longer after the COVID-19 crisis abates.
Apr 29, 2020 4:41 PM
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Study on early humans sheds new light on old stories about animals and alcohol
CALGARY — Elephants are said to seek out the fallen, fermenting fruit of the marula tree. Waxwings flock in spring to berries still hanging from branches and fly erratically thereafter. Swedish elk behave strangely after gorging on rotting apples.
Apr 29, 2020 3:24 PM
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Flames sign Swedish defenceman Johannes Kinnvall to two-year deal
CALGARY — The Calgary Flames have signed defenceman Johannes Kinnvall to a two-year, entry-level contract, the club announced Wednesday.
Apr 29, 2020 12:16 PM
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Economic 'train wreck' delivers billions in asset impairments to oil producers
CALGARY — Fears that crude oil prices slammed by a global economic "train wreck" will remain low for some time are forcing Calgary-based companies to write off billions of dollars in value from their oil and gas resources. Husky Energy Inc.
Apr 29, 2020 12:12 PM
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Edmonton Oilers sign defenceman Theodor Lennstrom to one-year contract
EDMONTON — The Edmonton Oilers have signed unrestricted free agent defenceman Theodor Lennstrom to a one-year entry-level contract.
Apr 29, 2020 11:48 AM
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