RCMP say Mounties shot and wounded a suspect near Fox Creek, 260 kilometres northwest of Edmonton.
Officers found two men dead at the scene. The 28-year-old suspect was transported to an Edmonton hospital in serious condition.
"At this time, investigators believe the man acted alone and are not looking for any other suspects," RCMP Cpl. Carol McKinley said Tuesday in a release.
The stabbings occurred at an oil industry work camp known as Berland Open Lodge operated by Canada North Group Inc.
Canada North issued a statement on behalf of one of its companies called DJ Catering Ltd., expressing condolences.
It said the company is deeply saddened by what happened.
"Our heartfelt thoughts and prayers are with the victim's families at this time," reads the statement.
RCMP have not released the identities of the victims or the suspect.
Autopsies are scheduled for next week.
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