Calgary-based company develops innovative LNG technology

Refrigeration technology is also suitable for other gas processing applications, company says

Calgary-based company develops innovative LNG technologyA Calgary-based technology company has developed an innovative, robust and scalable refrigeration/liquefaction technology for the liquefied natural gas (LNG) industry. PTX Technologies Inc. says it’s focused on identifying, evaluating and developing commercial projects that can employ its innovative refrigeration technology to reduce capital, operating costs and improve overall project economics. Colin Nikiforuk, president and CEO…

Imperial Oil net income surpasses $2.1 billion in 2018

Company returned more than $2.5 billion to shareholders through an increased share purchase program

Imperial Oil net income surpasses $2.1 billion in 2018Calgary energy giant Imperial Oil reported on Friday impressive fourth-quarter and full-year earnings for 2018, as well as record annual gross production at the Kearl oil sands project of 206,000 barrels per day. In a news release, Imperial said its net income for the year of $2.134 billion was up $1.824 billion from 2017. Its…

Alberta College of Art + Design becoming a university

Will officially become the Alberta University of the Arts on Feb. 1.

Alberta College of Art + Design becoming a universityThe Alberta College of Art + Design will officially become the Alberta University of the Arts on Feb. 1. It will be the province’s first university dedicated to fine arts and design. And the change comes at an opportune time in Calgary’s history as the city looks at different ways of diversifying its economy following…

Alberta fuels increase in crude oil delivery to Canadian pipelines

Natural gas pipelines received 551.6 million gigajoules, down 3.1% from the same month in 2017

Alberta fuels increase in crude oil delivery to Canadian pipelinesPipelines in Canada received 21.9 million cubic metres of crude oil and equivalent products from fields and plants in November, up 2.4 per cent compared with the same month in 2017, says Statistics Canada. The vast majority of these receipts (87.8 per cent) originated in Alberta, added the federal agency on Thursday. “In November, closing…

Canadian Pacific Railway enjoys record four-quarter

Company says it continues to focus on a disciplined approach to sustainable, profitable growth

Canadian Pacific Railway enjoys record four-quarterCanadian Pacific Railway Ltd. reported on Wednesday that its fourth-quarter results included revenues of $2 billion, an operating ratio of 56.5 per cent and record operating income of $874 million. The company said fourth-quarter diluted earnings per share decreased 43 per cent to $3.83 from $6.77, but adjusted diluted earnings per share rose 41 per…

Looking for a new career? Here are emerging and most in-demand jobs

Jobs in the field of technology are driving the trend in emerging careers in the country

Looking for a new career? Here are emerging and most in-demand jobsWondering about a career change or trying to decide what career would be right for you? Well, according to Randstad Canada, a staffing, recruitment and human resources company, jobs in the field of technology are driving the trend in emerging careers in the country. “The roles in Randstad Canada’s Emerging Jobs list positively reflect Canada’s…

Canadian natural resource sector economic activity on the rise

The mineral and mining subsector drove the increase, led by potash

Canadian natural resource sector economic activity on the riseThe natural resource sector, including energy, saw the volume of economic activity grow in the third quarter of 2018, according to Statistics Canada. The federal agency reported Thursday that real gross domestic product in the natural resource sector rose by one per cent in the quarter following a 1.4 per cent increase in the second…

Innovative, sustainable custom home designs still draw clients

Kathy Yuen of Phase One Design talks about how to build an award-winning company from scratch, even during downturns

Innovative, sustainable custom home designs still draw clientsKathy Yuen is president of Phase One Design. Tell me about Phase One Design. How it got started, why, where you’re located and what you do? Yuen: Phase One Design is a residential design firm. We specialize in the architecture of luxury custom homes (not to be confused with interior design). How did it all…

Calgary-based technology company helping businesses save on costs

Businesses get instant insight into their entire telecommunications and IT landscape with only a few clicks of a mouse

Calgary-based technology company helping businesses save on costsCalgary-based SpikeFli Analytics, a software-as-a-service (SaaS) company, is helping businesses large and small seamlessly manage their telecom and information technology infrastructure to make better decisions in more cost-effective ways. It’s doing that by providing the business community, and telecom and IT management professionals, with instant big-data analytics and management reports through a centralized platform to better explain, manage and…

Canadian home sales plunge in December

The average MLS sale price of $496,696 was down 4.9% in the final two months of 2018

Canadian home sales plunge in December(Troy Media) Canadian MLS sales fell by 2.5 per cent in December from November, capping the weakest annual sales since 2012, says the Canadian Real Estate Association. According to its monthly MLS report, which was released on Tuesday, CREA said monthly declines in activity since September have fully retrenched its summer rally and returned it near…