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Alberta Premier Smith says lower-than-forecast oil prices could mean budget deficit

Alberta Premier Danielle Smith says a potential budget deficit next year is not off the table as oil prices sit below what was projected. Smith told reporters Tuesday that although the government’s 2024 budget initially projected a surplus of $367 million when...

Precision Drilling sees third-quarter profits rise on stronger Canadian rig demand

Precision Drilling Corp. says it earned $39 million in the third quarter of 2024, nearly double what it earned in the same time period last year. Canada’s largest oil-and-gas drilling rig company says the profit works out to $2.77 per share, compared to the $20...

Alberta applying for a judicial review of federal carbon price, calling it unfair

Premier Danielle Smith says Alberta has applied for a judicial review of Ottawa’s exemption of the carbon levy on home heating oil. At a Tuesday announcement, Smith said it is “blatantly” unfair to Albertans who rely on natural gas to heat their...

Sask drilling rig report: Rigs working on oil, potash, helium and lithium

 The drilling rig report for Oct. 28 demonstrated the growing variety of resources been accessed through the drill bit. Out of the 37 rigs punching holes across Saskatchewan, 32 were drilling for oil, three for potash, one for helium and one for lithium.That’s...

What a Sask Party win means for energy – seeking to hit 600,000 bpd, and eventually 1 million; nuclear power development

REGINA – The Saskatchewan Party landed a historic fifth consecutive majority government on Oct. 28, but were humbled by the loss of several seats, including several cabinet ministers in the big cities.The TV coverage went late into the night before declaring a winner,...
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