CALGARY — Low natural gas prices significantly reduced North American drilling activity toward the end of 2023, but Canada’s largest drilling rig contracting company remains confident the industry will ramp up later this year. On Tuesday,...
CALGARY — Athabasca Oil Corp. and Cenovus Energy Inc. have closed a previously announced deal creating a new joint venture stand-alone company called Duvernay Energy Corp. The new Duvernay Energy is a privately held subsidiary of Athabasca that consolidates the two...
TORONTO — Five things to watch for in the Canadian business world in the coming week: Smith in Ottawa Alberta Premier Danielle Smith will give a speech at an Economic Club of Canada event in Ottawa on Monday. Smith has been at odds with the federal government and its...
The national chief of the Assembly of First Nations is trying to make inroads with Conservative Leader Pierre Poilievre, hoping to forestall the tensions and angst that marked the party’s last time in power. The legacy of the Idle No More movement has shaped how...
By Amanda Stephenson in Calgary CALGARY — As Canada’s energy sector ramps up for the anticipated start-up of the Trans Mountain pipeline expansion, Imperial Oil Ltd. reported its highest production levels in over 30 years in the fourth quarter of 2023. The...
