The Petroleum Services Association of Canada has revised its 2020 Canadian drilling forecast to an almost 50-year record low of 3,100 oil and gas wells, a level not seen since 2,900 wells were drilled in 1972.
Food delivery app Foodora is closing its Canadian operations in May, just months after a key labour board decision laid the groundwork for the company's workers to push for unionization.
Husky cancels plan to sell off network of retail gasoline stationsOil and gas prices continue to move downward despite moves from OPEC+ and others to curtail supply.
Canadian oil wells will continue to be shut down amid weak global oil prices despite an agreement to limit production struck by OPEC and other major producers on the weekend, producers say.
The global COVID-19 pandemic is spelling trouble for Newfoundland and Labrador's oil and gas industry, adding to existing economic challenges in the cash-strapped province.
