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Alberta News

Oilers sign defenceman Markus Niemelainen to entry-level contract

Oilers sign defenceman Markus Niemelainen to entry-level contract

EDMONTON — The Edmonton Oilers have signed defenceman Markus Niemelainen to a two-year entry-level contract.
Whitecap Resources posts $2.1-billion loss, warns of 'involuntary' crude cuts

Whitecap Resources posts $2.1-billion loss, warns of 'involuntary' crude cuts

CALGARY — Oil producer Whitecap Resources Inc. says it is planning for "involuntary shut-ins" of production as North American crude storage levels threaten to exceed capacity and commodity prices remain at low levels.
'It's a lot:' Fort McMurray residents deal with floods during COVID-19 pandemic

'It's a lot:' Fort McMurray residents deal with floods during COVID-19 pandemic

FORT MCMURRAY, Alta. — Fort McMurray resident Michelle Toner says it's been a hectic, sad week in the northern Alberta city.
Cargill beef plant to reopen next week after COVID-19 outbreak forced closure

Cargill beef plant to reopen next week after COVID-19 outbreak forced closure

CALGARY — Workers are to return Monday to a beef processing plant south of Calgary that was closed for two weeks because of a COVID-19 outbreak.
No short-term end to oil price slump hitting Alberta: premier

No short-term end to oil price slump hitting Alberta: premier

EDMONTON — Premier Jason Kenney says a global oil glut means Alberta's main industry will be dealing with low prices for a year or longer after the COVID-19 crisis abates.
Study on early humans sheds new light on old stories about animals and alcohol

Study on early humans sheds new light on old stories about animals and alcohol

CALGARY — Elephants are said to seek out the fallen, fermenting fruit of the marula tree. Waxwings flock in spring to berries still hanging from branches and fly erratically thereafter. Swedish elk behave strangely after gorging on rotting apples.
Flames sign Swedish defenceman Johannes Kinnvall to two-year deal

Flames sign Swedish defenceman Johannes Kinnvall to two-year deal

CALGARY — The Calgary Flames have signed defenceman Johannes Kinnvall to a two-year, entry-level contract, the club announced Wednesday.
Economic 'train wreck' delivers billions in asset impairments to oil producers

Economic 'train wreck' delivers billions in asset impairments to oil producers

CALGARY — Fears that crude oil prices slammed by a global economic "train wreck" will remain low for some time are forcing Calgary-based companies to write off billions of dollars in value from their oil and gas resources. Husky Energy Inc.

Edmonton Oilers sign defenceman Theodor Lennstrom to one-year contract

EDMONTON — The Edmonton Oilers have signed unrestricted free agent defenceman Theodor Lennstrom to a one-year entry-level contract.
Cenovus Energy reports $1.8B first-quarter loss as oil prices plunged

Cenovus Energy reports $1.8B first-quarter loss as oil prices plunged

CALGARY — Cenovus Energy Inc. reported a $1.8-billion loss in its first quarter as oil prices fell due to a drop in demand as a result of the COVID-19 pandemic and a oil price war between Saudi Arabia and Russia.