Parkland Energy Services Inc. (PKE.V) Wednesday said the company has planned to stop the construction, supplies and pipeline segments of its operations as well as significantly decrease the level of fabrication services.
Parkland said it is planning to focus resources on its U.S. petroleum and natural gas properties, which is more profitable business.
Red Deer, Alberta-based Parkland holds non-operational working interests in foreign oil wells.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.