Canadian oil production on the rise

StatsCan says crude oil production totalled 20.7 million cubic metres in July, up 7.6% from a year earlier

Canadian oil production on the riseCanada produced 22.5 million cubic metres (141.4 million barrels) of crude oil and equivalent products in July, up 8.1 per cent compared with the same month in 2017, says Statistics Canada. “The rise in production of crude oil and equivalent products in July was primarily attributable to a 15.2 per cent increase in non-upgraded crude…

WestJet launching non-stop Calgary service to London, Paris and Dublin

‘Alberta's connectivity to the rest of the world is vital for our economy,’ says company president Ed Sims

WestJet launching non-stop Calgary service to London, Paris and DublinWestJet announced on Wednesday that it’s launching non-stop service on board its Dreamliners fleet to London, Paris and Dublin. The company said in launching its first three Boeing 787-9 Dreamliner international destinations from Calgary, WestJet becomes the first Canadian airline to base its Dreamliner aircraft out of YYC Calgary International Airport. “Alberta's connectivity to the rest…

Parkland Fuel Corp. buying 75% of SOL for $1.57 billion

The largest independent fuel marketer in the Caribbean supplies 4.8 billion litres of fuel annually across 23 countries

Parkland Fuel Corp. buying 75% of SOL for $1.57 billionAlberta-based Parkland Fuel Corp. is buying 75 per cent of SOL, the largest independent fuel marketer in the Caribbean, in a deal worth about $1.57 billion. Parkland is Canada's largest and one of North America's fastest growing independent marketers of fuel and petroleum products and a leading convenience store operator. SOL, a privately-held company owned…

Trans Mountain mired in hopeless consultations and useless studies

The court decision against the pipeline veered away from objective legal analysis into opinions designed to justify preconceived biases

Trans Mountain mired in hopeless consultations and useless studiesFor the second time in two years, three judges with the Federal Court of Appeal struck down a crucially important oil export pipeline project that had undergone years of regulatory review. The approval of Northern Gateway by the former federal government of Conservative Stephen Harper was struck down in 2016. That was after Enbridge spent…

What every business can learn from Alberta’s failures

Add value, diversify, take control of your destiny, do long-term planning and be fiscally responsible

What every business can learn from Alberta’s failuresIt should come as no surprise to anyone that the failure of the Alberta government over the past 40 years to protect the interest of its citizens has resulted in a province that’s up to its neck in debt. The woes of the province cost the Progressive Conservative Party its reputation, future generations their Heritage…

Vigorous vetting crucial to Opportunity Calgary Investment Fund

Partner content: Fund established to help transform and diversify Calgary’s economy

Vigorous vetting crucial to Opportunity Calgary Investment FundBy Calgary's Business For companies looking for support for transformative investments in Calgary, opportunity and scrutiny go hand in hand. The $100-million Opportunity Calgary Investment Fund was launched by the City of Calgary in April to address local challenges and take advantage of the wave of innovation that’s defining the economic future for cities around…

Haskayne School of Business launching program to help jump-start careers

Program targeted to recent non-business graduates with no more than two years of work experience

Haskayne School of Business launching program to help jump-start careersThe Haskayne School of Business at the University of Calgary is launching a management program to help non-business graduates jump-start their careers. The Haskayne Master of Management provides an immersive 10-month experience in solving business problems with students gaining knowledge in accounting, finance, human resources, marketing, operations, strategy and entrepreneurship along the way. The school said…

Crossing over to Dark Side Racing, at high speed

Kelly Fedorowich talks about her family's adrenalin-fuelled motorsport company and why it thrives

Crossing over to Dark Side Racing, at high speedKelly Fedorowich is owner of Dark Side Racing. Calgary’s Business: What is Dark Side Racing? Fedorowich: Dark Side Racing is a family-owned and operated Top Fuel racing team that specializes in heart-pounding, adrenalin-fuelled motorsport marketing experiences. My business partners are my husband David and our son Nikolas, and together with our Motley Pit Crew we…

Encana selling San Juan assets for US$480 million

The company said it intends to ‘deliver strong growth and generate free cash flow’

Encana selling San Juan assets for US$480 millionCalgary-based Encana Corp. announced on Monday that its wholly-owned subsidiary, Encana Oil & Gas (USA) Inc., has reached an agreement to sell its San Juan assets in New Mexico for US$480 million to Denver-based DJR Energy LLC. “This transaction is consistent with our strategy and our objective of delivering quality returns to our shareholders. It…

Husky Energy makes multibillion-dollar bid for MEG Energy

Offer being taken directly to MEG shareholders, Husky says

Husky Energy makes multibillion-dollar bid for MEG EnergyCalgary-based energy giant Husky Energy Inc. announced on Sunday a proposal to acquire all of the outstanding shares of MEG Energy Corp. for implied total equity consideration of approximately $3.3 billion, it said. In a news release, the company said the proposal values MEG at an implied total enterprise value of $6.4 billion, including the…
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