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Alberta News

Scotiabank says royalty credits for well cleanup would damage industry's reputation

Scotiabank says royalty credits for well cleanup would damage industry's reputation

CALGARY — Scotiabank is warning that the Alberta government's plan to give oil companies a royalty credit for cleaning up their old wells could damage the reputation of Canada's oil and gas industry.
'Game-changer:' Calgary becomes training hub for new miniaturized pacemaker

'Game-changer:' Calgary becomes training hub for new miniaturized pacemaker

CALGARY — Gord Kirk knew that he needed a pacemaker. The Calgarian said his heart would slow down to about 30 beats a minute, he could feel the time between each beat, and he would often grow faint if he was sitting down and stood up too quickly.
Precision Drilling reports $3.5M Q4 profit, revenue up more than 70 per cent

Precision Drilling reports $3.5M Q4 profit, revenue up more than 70 per cent

CALGARY — Precision Drilling Corp. saw its fourth-quarter revenue increase by 73 per cent year-over-year, as North American oil and gas drilling activity continues to pick up.
Canadian Pacific Railway reaches deal with workers represented by Steelworkers

Canadian Pacific Railway reaches deal with workers represented by Steelworkers

CALGARY — Canadian Pacific Railway Ltd. says it has reached a tentative agreement with the union representing about 550 administrative support and intermodal employees in Canada.
TC Energy says combination of factors caused Keystone pipeline leak

TC Energy says combination of factors caused Keystone pipeline leak

CALGARY — TC Energy Corp. has pegged the cost of cleanup and remediation of December's oil spill from its Keystone pipeline at an estimated US$480 million. The Keystone pipeline system suffered the worst oil spill in its history on Dec.
Mullen Group reports $61.5M Q4 profit, up from $20.2M a year earlier

Mullen Group reports $61.5M Q4 profit, up from $20.2M a year earlier

OKOTOKS, Alta. — Mullen Group Ltd. reported its fourth-quarter profit of $61.5 million, up from $20.2 million in the same quarter a year earlier, as its revenue for the quarter rose more than 10 per cent.
'Game-changer': Calgary becomes training hub for new miniaturized pacemaker

'Game-changer': Calgary becomes training hub for new miniaturized pacemaker

CALGARY — A new innovative miniaturized pacemaker, developed in part by a Calgary cardiologist, has been given approval for use on patients beyond the clinical research stage.
Carbon capture too expensive, takes too long to build: Report

Carbon capture too expensive, takes too long to build: Report

CALGARY — By betting it can solve its emissions problem with carbon capture and storage, Canada's oil and gas industry risks saddling itself with expensive stranded assets, a new report argues.
Regulator gives Imperial Oil weeks to plan fix for months-old oilsands tailings leak

Regulator gives Imperial Oil weeks to plan fix for months-old oilsands tailings leak

EDMONTON — Alberta's energy regulator has given Imperial Oil until the end of the month to figure out a way to permanently fix ongoing seepage and overflows from tailings ponds at its Kearl oilsands mine that have already released thousands of cubic
Canadian snowboarder Brooke D'Hondt relishes hometown halfpipe World Cup

Canadian snowboarder Brooke D'Hondt relishes hometown halfpipe World Cup

CALGARY — Brooke D'Hondt has dropped into Calgary's halfpipe a 10-minute drive from home more times than she can count, but the snowboarder will compete in her first World Cup there starting Thursday.
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