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 fo ...

A PDF of the fact sheet “ You can read more of the news on source ...

By Doug Alexander Apr 24, 2020 Canada’s energy industry needs exceptional measures to deal with damage from the pandemic and “economic warfare” that caused oil prices to plummet, said National Bank of ...

EDMONTON — Alberta’s highest court has overturned regulatory approvals for a $440-million oilsands mine that would have encroached on land a local First Nation considers sacred. The Court of Appeal sa ...

 Reuters Canada’s export credit agency on Wednesday said it would backstop loans to hard hit oil and gas producers, in the latest move by Ottawa to free up credit for the struggling energy industry.Ba ...

TORONTO — When COVID-19 started sweeping across Canada, Cenovus Energy Inc. had to think fast to protect the company from the pandemic and a simultaneous oil price war between Saudi Arabia and Russia. ...

Canada’s steam-driven oil facilities are bearing the brunt of output cuts as the industry copes with low prices, and deeper reductions may risk permanent damage to the sites.The COVID-19 pandemic has ...

Published by Deborah Jaremko  Follow CEC on Linkedin   You can read more of the news on source ...

EDMONTON — Alberta has 162 new cases of COVID-19, the highest single-day report to date, and two more residents in long-term care homes have died. Dr. Deena Hinshaw, the province's chief medical offic ...

PRESS RELEASE For Immediate Release: April 15, 2020 CAODC applauds Saskatchewan Government’s support for oil industry.  The Canadian Association of Oilwell Drilling Contractors applauds the Saskatchew ...