Tag: Alberta Oil Industry

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Oilpatch work camps operators squeezed by oil slump

Oilpatch work camps operators squeezed by oil slump

Oilpatch work camp companies reduce staff CALGARY _ A slowdown in oilpatch activity means fewer tradespeople on site, putting a squeeze on businesses that house and feed workers in remote locations. Before the downturn, when the oil and gas sector was chugging along, it was a challenge to entice enough skilled labourers to work for […]

March 7, 2016 | By | Reply More
Precision Drilling suspends dividend, says Q4 loss more than doubled

Precision Drilling suspends dividend, says Q4 loss more than doubled

Precision Drilling capital spending $72 million less than announced in revised Oct. plan CALGARY _ Precision Drilling Corp. (TSX:PD) says uses of its rigs was cut by more than half in Canada and the United States in the fourth quarter compared with a year earlier, resulting in less cash from operations and a bigger loss. […]

February 11, 2016 | By | Reply More
Canadian Oil Sands overhauls board on brink of Suncor takeover

Canadian Oil Sands overhauls board on brink of Suncor takeover

Ryan Kubik, Donald Lowry no longer with Canadian Oil Sands CALGARY _ Canadian Oil Sands Ltd., on the brink of being taken over by Suncor Energy, has overhauled its senior leadership team and board of directors. Ryan Kubik, who was CEO during the months-long takeover fight, and Donald Lowry, who was board chairman during that […]

February 8, 2016 | By | Reply More
Alberta royalty review: Oilsands rates remain the same

Alberta royalty review: Oilsands rates remain the same

Alberta royalty review says rates should also take into account drilling costs CALGARY _ Pent-up anxiety over changes to Alberta’s oil and gas royalties dissipated Friday after the provincial government revealed it’s keeping the status quo for oilsands players and simplifying the system for conventional oil and gas wells. A four-member panel led by Dave […]

January 29, 2016 | By | Reply More
Opinion: A new kind of Alberta carbon tax

Opinion: A new kind of Alberta carbon tax

Alberta carbon tax may cost the average family $470 By Randy Kerr, Canadian Natural Resource Alliance According to Ipsos Reid, a majority of Albertans are against the new carbon tax. For far too long, politicians have been talking about “putting a price on carbon” with very little meaning behind those words. To the NDP’s credit, they […]

January 21, 2016 | By | Reply More
Canadian Oil Sands ‘Declaration of Independence’ issued as takeover rhetoric heats up

Canadian Oil Sands ‘Declaration of Independence’ issued as takeover rhetoric heats up

Canadian Oil Sands issued public letter to shareholders on Monday CALGARY _ The hostile takeover battle between oilsands giant Suncor Energy and its target, Canadian Oil Sands, could be resolved soon, with both companies revving up their rhetoric ahead of a Friday deadline. Suncor said Monday that it will move on to other opportunities if, […]

January 4, 2016 | By | Reply More
Alberta finance minister says low oil prices may delay programs, initiatives

Alberta finance minister says low oil prices may delay programs, initiatives

Child-care benefits, school fees cuts possible victims of low oil prices EDMONTON _ Alberta’s finance minister says low oil prices may force him to hit the brakes on millions of dollars in initiatives promised by the NDP government such as child-care benefits, school fee reductions, student hiring and environmental retrofits. Joe Ceci said in a […]

December 21, 2015 | By | Reply More
Bonavista Energy fights court order to provide farm with water after gas plant chemicals tainted wells

Bonavista Energy fights court order to provide farm with water after gas plant chemicals tainted wells

Bonavista Energy looking to overturn AER ruling An Alberta energy company is fighting an order to truck water to a family farm the company admits it has tainted with chemicals from its gas plant. Bonavista Energy (TSX:BNP) acknowledges it is the source of the solvent that has contaminated groundwater on the dairy farm near Edson, […]

December 16, 2015 | By | Reply More
Canadian oilpatch adjusts to the ‘new normal’ after a year of pain

Canadian oilpatch adjusts to the ‘new normal’ after a year of pain

Canadian oilpatch facing unrelenting global output, carbon cutting push CALGARY _ The stream of traffic between Cold Lake, Alta., and nearby oilfields has slowed to a trickle. “It’s definitely a noticeable slowdown,” said Mayor Craig Copeland, who has been hearing from hotels, restaurants and retailers that business is down about 30 per cent year-over-year in […]

December 15, 2015 | By | Reply More
Oilpatch companies look for ways to avoid or delay layoffs

Oilpatch companies look for ways to avoid or delay layoffs

Oilpatch company CNRL is using wage reductions to save jobs CALGARY _ Companies in the ailing oilpatch are looking at ways to avoid layoffs, or at the very least to delay or minimize them. Canadian Natural Resources Ltd. (TSX:CNQ) has not had to trim its workforce of more than 7,600 as a result of the […]

December 11, 2015 | By | Reply More