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Shortly before Steve Williams and other top oil and gas CEOs met with Prime Minister Justin Trudeau and Alberta Premier Rachel Notley to seek help for the battered industry, the chief executive at Suncor Energy told analysts Canada’s largest energy company had “significantly overachieved” in its plans to cut 1,000 workers last year. In discussing a fourth quarter in which Suncor posted […] → Read More
With the oil and gas industry enduring a historic downturn and painful restructuring, the big question for many in the oilpatch these days is “What’s next?’ A number of oil and gas industry leaders and subject-matter experts will address the far-reaching aspects of that question later this month at the Western Canada Oil & Gas 2016 Industry Roadmap conference in […] → Read More
As the oil and gas industry sheds jobs in a historic downturn, a new report says workers in Canada need better support from government and stronger workplace skills to keep pace with the changing times. → Read More
Rachel Notley acknowledged “we’ve seen dramatic change” in the oil and gas industry as she revealed a new revenue-neutral royalty regime for Alberta, and nowhere is it more evident than with the premier herself. Long gone is the firebrand opposition politician who loudly complained, as recently as last spring’s provincial election campaign, that “the people of Alberta were […] → Read More
Calling it “one of the darkest days in Nexen’s history,” chief executive Fang Zhi confirmed Saturday an explosion at the company’s Long Lake oilsands plant killed one maintenance worker and seriously injured another. “Our thoughts are with the families … I want to express my deepest sympathy,” Fang, the CEO of Nexen Energy, a subsidiary of the […] → Read More
The war of words in Suncor Energy Inc.'s increasingly hostile takeover bid for Canadian Oil Sands Ltd. moves to a decidedly more subdued setting Thursday as lawyers for both sides appear before the... → Read More
With the downturn in Alberta becoming more entrenched with each new round of oilpatch layoffs, Rachel Notley has expressed concern for the families of the newly unemployed → Read More
With the downturn in the provincial economy becoming more entrenched with each new round of layoffs in the oilpatch, Alberta Premier Rachel Notley has expressed concern for the families of the newly unemployed. → Read More
Stephen Ewart: Some staff are being told to be in their offices at 8 a.m. with the door closed, where they then wait house for ‘the knock’ when HR staff complete their sombre rounds → Read More
There's no good way to lose your job, but there are certainly bad ways. As the stories of mass dismissals in the oil and gas sector circulate with each round of announced layoffs, complaints are emerging of staff being told to be in their offices at 8 a.m. sharp with the door closed. → Read More
They say it never hurts to ask. And for the oil industry that means ask and ask and ask. While acknowledging Alberta’s current royalty structure has “helped” achieve goals that oil and gas producers support and is responsive to “the evolving nature of the industry,” the Canadian Association of Petroleum Producers has put forward “some” changes its […] → Read More
The more politicians make the point that relations between Canada and the United States go well beyond Keystone XL it reinforces just how much of a lightning rod the contentious oil pipeline project is on both sides of the border. → Read More
The more politicians make the point that relations between Canada and the United States go well beyond Keystone XL it reinforces just how much of a lightning rod the contentious oil pipeline project is on both sides of the border. Justin Trudeau, Canada’s prime minister-designate after Monday’s federal election, has pledged to repair what he’s described as the frayed relationship […] → Read More
Stephen Ewart: The combination of an NDP government in Alberta and the once-hated Liberals in Ottawa looks daunting, but really, for all Harper's boosterism, it didn’t get many pipelines built → Read More
With friends like those, Alberta Premier Rachel Notley doesn't need a lot of standoffish acquaintances. At one point in her first speech to the Calgary Chamber of Commerce since her historic electi... → Read More
As Beijing launches reforms of China's state-owned enterprises, oil giant CNOOC should use the opportunity to take a critical look at the way it conducts business at its Canadian subsidiary Nexen Energy. → Read More
The oil and gas industry has for years been overcompensating for something — its highly paid workforce — and it was Canadian Natural Resources Ltd. that issued a reality cheque this week. → Read More
The Calgary Flames have a motto for their players — "nothing given, everything earned." It's a mantra the NHL team's executives would do well to embrace as they lobby governments for hundreds of mi... → Read More
The more than 900 workers who lost jobs at Penn West Petroleum and ConocoPhillips as the oil price slump worsened Tuesday didn't need Statistics Canada to tell them the country's in a recession. → Read More
It's difficult to say whether it's the eerily smoke-filled skies this week or the state of the Alberta economy that is making it so gloomy in Calgary. → Read More