oil economy

Calgary-based company's net income was $402 million or 57 cents per share, which was down $55 million from the same time last year.

While activity has slowed down, there is still construction and expansion in the Hardisty area's oil and gas industry, says mayor Anita Miller.

If next year is anything like 2015, the outlook from the Petroleum Services Association of Canada won't be pretty.

Canadian Association of Petroleum Producers has estimated 36,000 jobs in the oil and gas sectors have been shed so far this year.

New Brunswick Premier Brian Gallant continues western journey talking up the Energy East pipeline in Saskatchewan, after meeting Alberta's Rachel Notley.

Chevron slashing 11 per cent of its workforce as it reports profits 64 per cent lower than a year ago.

Husky Energy is planning further job cuts and asset sales as it looks to consolidate projects in Western Canada to better weather oil patch downturn.

Steve Williams says the $4.3-billion bid is good enough, describing it as full and fair.

In announcing its third-quarter results today, the Calgary-based oil producer and refiner said it has reduced its workforce by 700 people for the second half of the year.

Rejoicing prompted by news that Shell was shuttering an 80,000-barrel-a-day project — and specifically citing the lack of pipeline infrastructure as one reason.

Oil prices plunged to below $50 per barrel one year ago and they've been stuck at that level since.

Putting a price on carbon emissions is the last option Canada has available to persuade U.S. President Barack Obama to approve the controversial cross-border oilsands pipeline.

Arctic town's resistance to seismic blasting will show if Trudeau's environmental and First Nations policies are a true departure from Harper's single-minded focus on fossil fuel exploitation.

Calgary based company reported an $87 million net loss, or 30 cents per share, for the three months ended Sept. 30.

News follows a Sept. 28 announcement by Royal Dutch Shell that it would cease exploration in the Chukchi and Beaufort seas after spending upward of $7 billion on Arctic exploration