Alberta's finance minister says the recent bullish run on energy prices is part of a stronger economic story on the province's bottom line that will be revealed in the upcoming second-quarter budget update.
Alberta’s COVID-19-era budget made a hard landing on Thursday, February 25, 2021, with an $18.2-billion deficit but also a promise that good times will return.
Premier Jason Kenney says a recent bump in energy prices in the third quarter of the current budget is helping the bottom line as his government prepares to introduce its 2021-22 budget.
A Calgary energy analyst says the plunge by benchmark U.S. crude oil prices into negative territory for the first time on Monday, April 20, 2020, is a short-term anomaly that likely won't have a lasting effect on Canadian producers.
About 370 jobs have been cut at Husky Energy Inc. this year with most of the reductions coming in a major round of layoffs in October, CEO Rob Peabody revealed on a conference call on Monday, December 2, 2019, to discuss guidance for 2020 and 2021.
Growth in oilsands production over the next 20 years is expected to be slower than previously forecast, despite falling project construction costs, according to a study update by the Canadian Energy Research Institute.
Imperial Oil Ltd. has slowed the development of a $2.6-billion oilsands project because of uncertainty due to the Alberta government's oil production curtailment program and other challenges.
Pengrowth Energy Corp. has launched a strategic review of options that could include the sale of the company after failing to renegotiate its high debt load amid plunging western Canadian oil prices late last year.
