Proceeds will be applied to reduce the company’s $3.6 billion asset-sale bridge facility.
Shell shuts in 24 wells and associated pipelines, but Waterton sour gas complex remains open.
Trade panel ruled rebates given only to province’s brewers discriminates against out-of-province beers.
Deron Bilous says US lawmakers recognize the importance of an integrated energy market.
Japex has abandoned the development due to low oil prices and the technical risks of reactivating the wells.
Initiative aims to enable better early detection and repair of methane leaks.
Energy producer charged under Environmental Protection and Enhancement Act, could face $500K penalty.
Net debt will balloon from $9.5 billion to $44 billion by 2020.
Exit part of company’s goal to streamline its portfolio to focus on projects in the US, UK and Egypt.
The gap is narrowing as net per-person debt converges with Ontario’s.
2016 decision ruled assets from bankrupt energy companies should go first to creditors, not to cleaning up abandoned oil wells.
Authorities say a crew hit the gas line at a construction project.
What started in the 1920s as Robert Fitzsimmons’ ticket to riches has turned into an industry that attracted $34 billion in investment in 2014.
Workers and management hit sticking points on pension benefits and wages during contract negotiations.
Alberta GDP to increase by 3.3%, thanks to startup of a new oil sands refinery near Edmonton.