Alberta News

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 Read more >

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 Read more >

Cenovus Energy reports $1.8B first-quarter loss as oil prices plunged

CALGARY — Cenovus Energy Inc. reported a $1.8-billion loss in its first quarter as oil prices fell due to a drop in demand as a result of the COVID-19 pandemic and a oil price war between Saudi Arabia and Russia.

Apr 29, 2020 6:08 AM Read more >

Forecasts show Alberta could begin reopening economy in May: Kenney

EDMONTON — Premier Jason Kenney says Alberta is doing better than expected on containing COVID-19 and the plan is to begin relaxing health lockdown rules next month.

Apr 28, 2020 5:59 PM Read more >

'How much can a person take?' Flooding forces 13,000 from downtown Fort McMurray

FORT MCMURRAY, Alta. — Joseph Enverga kept hoping the flooding would slow down or even stop as his apartment lights flickered on and off. The 35-year old was prepared for an evacuation of downtown Fort McMurray, Alta., on Sunday afternoon.

Apr 28, 2020 5:23 PM Read more >

Vermilion Energy posts $1.3-billion loss on oil and gas assets writedown

CALGARY — A $1.2-billion writedown in the value of its oil and gas assets around the world due to low global commodity prices resulted in a first-quarter net loss of $1.3 billion or $8.42 per share for Vermilion Energy Inc.

Apr 28, 2020 4:18 PM Read more >

First Nation gets $32-million grant after it stops opposing dam near Calgary

CALGARY — A First Nation says it has ended its opposition to a proposed reservoir that would protect Calgary during flooding because it secured a $32-million grant from the Alberta government.

Apr 28, 2020 4:11 PM Read more >

Edmonton Oilers sign forward Gaetan Haas to one-year contract extension

EDMONTON — The Edmonton Oilers have signed forward Gaetan Haas to a one-year contract extension through the 2020-21 season. The 28-year-old native of Bonfol, Switzerland has five goals and five assists in 58 games with the Oilers.

Apr 28, 2020 3:17 PM Read more >

Some staying, some going: Rural doctors respond to new Alberta fee rules

EDMONTON — Early returns on fee changes aimed at preventing rural doctors in Alberta from withdrawing some services show some physicians ready to continue their work while others are turning thumbs-down.

Apr 28, 2020 2:04 PM Read more >

$Calfrac Well Services cuts deepen to 70% in Canada, U.S. due to low oil prices$

Calfrac Well Services cuts deepen to 70% in Canada, U.S. due to low oil prices

CALGARY — Calfrac Well Services Ltd. says it has now cut 70 per cent of its North American staff as demand for its hydraulic fracturing and other well completion services continues to fall in view of low oil prices.

Apr 28, 2020 12:09 PM Read more >