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Energy & Resources News

Canadian Oil Sands cuts dividend 86%
The 86 percent reduction is the biggest since 1998, when the company lowered its dividend 90 percent to 5 cents a share.
Posted on 1-29-2015 at 4:21 PM
Potash Corp. profit soars on strong sales; hikes payout
Potash Corp. of Saskatchewan’s profit nearly doubled due as strong sales of the crop nutrient to Asia more than offset flat potash prices.
Posted on 1-29-2015 at 7:20 AM
Shell cuts spending by $15-billion as lower oil price takes toll, profit falls 57%
Royal Dutch Shell shares fell on Thursday after the oil company missed profit expectations and announced a three-year, $15-billion (10 billion pound) cut in spending reflecting a steep fall in oil prices.
Posted on 1-29-2015 at 6:59 AM
Oil falls to six-year low on U.S. supply glut
Oil tumbled to the lowest in almost six years after a government report showed that U.S. crude inventories advanced to the highest level in data going back more than three decades.
Posted on 1-28-2015 at 8:09 AM
Cenovus slashes 2015 spending by additional $700M on low oil
Canada’s No. 2 independent oil producer, cut its capital spending budget for 2015 in response to the slump in crude oil prices.
Posted on 1-28-2015 at 6:52 AM
Cliffs Natural Resources seeks creditor protection for Quebec operations
Cliffs has suspended production at Bloom Lake amid a slump in iron-ore prices and for several months has been looking at options to sell some of its Canadian assets. The Cleveland-based company purchased Bloom Lake as part of a $4.3 billion takeover of Consolidated Thompson Iron Mines Ltd. in 2011.
Posted on 1-27-2015 at 2:44 PM
U.S. proposes opening Atlantic in five-year oil, gas drilling plan
The Obama administration on Tuesday said it was contemplating allowing oil and gas exploration off the Atlantic Coast.
Posted on 1-27-2015 at 1:43 PM
U.S. oil well shut-ins start as crude rout batters small producers
Collapsing crude prices are confronting scores of smaller U.S. oil producers with the grim choice of either shutting older high-cost wells or burning through cash in the hope of riding out the downturn.
Posted on 1-27-2015 at 6:58 AM

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