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Alberta News

MEG Energy records bigger Q2 loss on lower oil prices, reduced bitumen output

MEG Energy records bigger Q2 loss on lower oil prices, reduced bitumen output

CALGARY — Oilsands producer MEG Energy Corp. is reporting a higher second-quarter net loss on voluntarily curtailed bitumen production and lower oil prices.

Western Energy: 2Q Earnings Snapshot

CALGARY, Alberta (AP) _ Western Energy Services Corp. (WEEEF) on Monday reported a loss of $5.8 million in its second quarter. On a per-share basis, the Calgary, Alberta-based company said it had a loss of 6 cents.
Environmental law group seeks to stop inquiry into who funds oil critics

Environmental law group seeks to stop inquiry into who funds oil critics

CALGARY — An environmental law group wants a court to suspend the Alberta government's inquiry into oil and gas industry critics until there's a decision on whether it's legal.
Vermilion loses $71.3 million in second quarter on 55 per drop in revenues

Vermilion loses $71.3 million in second quarter on 55 per drop in revenues

CALGARY — Lower prices for oil and gas around the world translated into a second quarter net loss on 55 per cent lower revenue for Canadian and international producer Vermilion Energy Inc. The Calgary-based company reported Monday a net loss of $71.
Swimco to cut five stores, downsize HQ under Bankruptcy Act creditor proposal

Swimco to cut five stores, downsize HQ under Bankruptcy Act creditor proposal

CALGARY — Canadian swimwear brand Swimco Group is seeking creditor protection, citing impacts from the COVID-19 pandemic.
Development of LNG industry could create almost 100,000 jobs, says report

Development of LNG industry could create almost 100,000 jobs, says report

CALGARY — A report funded by the Canadian liquefied natural gas industry estimates that creating a 56-million-tonnes-per-year LNG industry in B.C. would result in nearly 100,000 jobs.

Vermilion: 2Q Earnings Snapshot

CALGARY, Alberta (AP) _ Vermilion Energy Inc. (VET) on Monday reported a second-quarter loss of $51.4 million, after reporting a profit in the same period a year earlier. The Calgary, Alberta-based company said it had a loss of 33 cents per share.
Suncor Energy facing environmental charges

Suncor Energy facing environmental charges

EDMONTON — Suncor Energy Inc. is facing seven environmental charges for an incident alleged to have occurred two years ago at its refinery in Stratchona county, Alberta.

Two men charged after Mounties seize $380,000 worth of stolen goods

MORINVILLE, Alta. — Mounties in Morinville, Alta., say they have arrested one suspect and are looking for another after busting a major theft operation.

Three teens injured, one seriously, after Alberta storm knocks tree onto tent

BOTTREL, Alta. — Three teens are recovering from injuries after an intense storm tore through a campground northwest of Calgary and knocked a tree onto their tent.