CTV News Channel
Canada's new natural resources minister met with his Alberta counterpart and oil industry executives in Calgary on Wednesday but gave them little to cheer about.
The era of the big-ticket corporate holiday bash appears to be on life support in Calgary.
A drilling industry group says the oilpatch is in for another year of weak activity as low commodity prices continue to pinch.
Devon Energy says it has cut 15 per cent of its Canadian workforce as the company responds to lower capital spending plans.
A bevy of oilsands producers are on deck to report their quarterly earnings over the next few weeks -- and industry watchers are under no illusion they'll be pretty.
Members of Canada's Oil Sands Innovation Alliance are "doubling down" on sharing their green technologies despite the pinch from low crude oil prices, the group's boss said Wednesday.
Some businesses in the white-collar heart of the oilpatch have been tapping into the economic malaise with cheeky references to oil price downturn in their marketing.
New poll results suggest that Alberta's oilsands may have some image-polishing to do even in their own back yard.
Oilfield security firms say they've been dealing with more troublemakers in recent months with the crude price cratering and bringing drilling activity and jobs down with it.
Canadian Oil Sands Ltd. is expecting the Syncrude oilsands development north of Fort McMurray, Alta., to return to normal production rates toward the end of the month.
An analyst says Canadian Oil Sands is at risk of missing its production targets because of a fire at a Syncrude oilsands plant over the weekend.