CALGARY — Oilsands producer MEG Energy Corp. says its profits fell during the second quarter compared with a year earlier. Net earnings for the quarter came in at $67 million, or 26 cents per diluted share, compared with $136 million, or 50 cents per diluted share,...
MACOUN, REGINA – While SaskPower has not yet chosen a site for a prospective nuclear power plant, it has purchased land along the north shore of Rafferty Reservoir, also known as McDonald Lake, just in case it is needed. The site is due south of Macoun, on the west...
Cenovus Energy reported on July 31 that it had finally brought its Rush Lake blowout under control. The initial blowout began on May 9. In an emailed statement, Cenovus said, “Cenovus Energy has safely controlled the well that caused the steam release to surface...
Capital Power Corp. says it’s holding out for an opportunity to power a large-scale data centre at its Genesee Generating Station, but Alberta’s grid operator is not currently making enough electrical connection capacity available for the size of project...
Precision Drilling Corp. says the outlook for its business is improving enough for it to reverse cuts to its capital spending program it had made amid economic uncertainty earlier this year — and further increase it. “While macro uncertainties persist, customer...
