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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.
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'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.
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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.
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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.
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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.
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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.
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'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.
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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.
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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
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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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