News
Alberta loosens slaughter regs to ease processing plant backlog
July 30, 2020Alberta will allow the slaughter of animals on farms for meat sales to consumers, loosening regulations after the coronavirus pandemic interrupted production at its biggest packing plants. Alberta previously restricted the consumption of meat from animals slaughtered outside of government-inspected…
While oil transport by rail drops off, fixed contracts remain
July 30, 2020After moving record-large Canadian oil volumes by rail just five months ago, shippers have hit the brakes, idling thousands of cars and tens of millions of dollars’ worth of infrastructure. Rail was Canada’s oil lifeline in recent years when cheaper…
First-ever Indigenous CEO appointed to AIOC
July 29, 2020Indigenous groups in Alberta have long expressed interest in meaningful business partnerships related to natural resource projects and infrastructure. Today, the Alberta Indigenous Opportunities Corporation (AIOC) named its first-ever Chief Executive Officer Alicia Dubois. “The Alberta Indigenous Opportunities Corporation’s (AIOC)…
Oil sector to rebound once pandemic ends: report
July 29, 2020A new report predicts Canadian oil sands production will have its biggest annual decline on record this year, dropping by an average of nearly 175,000 barrels per day due to issues associated with the COVID-19 pandemic. But research firm IHS Markit says…
Trans-Northern fined for potential hazard near GO Train rail line
July 29, 2020The Canada Energy Regulator is fining Trans-Northern Pipelines $40,000 for an incident near a commuter train line in Greater Toronto that resulted in damage to a pipeline transporting gasoline. It says the incident near Oakville could potentially have resulted in fatalities and…
Developing LNG industry could create 100,000 jobs: report
July 28, 2020A report funded by the Canadian liquefied natural gas industry estimates that creating a 56-million-tonnes-per-year LNG industry in B.C. would result in nearly 100,000 jobs. The Conference Board of Canada report, funded by the Canadian LNG Alliance, examines a scenario…
Vermilion reports 55% Q2 net revenue loss
July 28, 2020Lower prices for oil and gas around the world translated into a second quarter net loss on 55 per cent lower revenue for Canadian and international producer Vermilion Energy Inc. The Calgary-based company reported Monday a net loss of $71.3 million on…
Credit crunch looms over battered energy sector
July 27, 2020Deadlines are looming again in the energy patch amid growing fears of an imminent credit crunch after a number of companies managed to postpone key negotiations with their lenders until July – in other words, now. “So that’s the next thing to come…
Trican Well CEO steps down, anoints successor
July 24, 2020Trican Well Service Ltd. says Dale Dusterhoft, its president and CEO for the past 11 years, is stepping down. The Calgary-based company told Canadian Press Bradley Fedora will take on the role as of Sept. 1 and that Dusterhoft will continue…
Teck Resources reports profit plunge of 165% in Q2
July 24, 2020Teck Resources Ltd. saw profits fall by 165 per cent last quarter as the COVID-19 pandemic dented demand for its commodities and slashed prices. The second quarter yielded a loss of $149 million for the Vancouver-based miner, which was forced to shut down…
