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Energy & Resources News

Hopes for Ontario’s Ring of Fire doused as mining companies grow wary

Ontario’s “Ring of Fire” mineral belt was supposed to be a $60-billion natural resources treasure trove that would bring employment and economic prosperity to a remote part of the...

Posted on 10-22-2014 at 7:46 AM

Shell welcomes British Columbia's decision to slash LNG tax by half

Royal Dutch Shell Plc is among liquefied natural gas developers applauding British Columbia’s plan to halve a proposed tax on multibillion-dollar projects along Canada’s Pacific Coast as...

Posted on 10-22-2014 at 7:35 AM
Lundin family to acquire mothballed Kinross gold project

Lundin family to acquire mothballed Kinross gold project

Kinross Gold Corp. has agreed to sell its mothballed gold project in Ecuador for $240-million (U.S.) to Fortress Minerals Corp., a company controlled by the Lundin family.

Posted on 10-22-2014 at 7:01 AM

TransCanada’s Energy East pipeline faces $1B gas feud

TransCanada Corp. will have to spend $1 billion USD more than planned on an oil pipeline to Canada’s Atlantic Coast if natural gas customers get their way, a move it says would threaten the...

Posted on 10-21-2014 at 9:35 AM

China food scandal, tough U.S. competition pummel McDonald’s

McDonald’s Corp reported a 30 percent fall in quarterly profit due to a food scandal in China and tough competition in the United States, and the world’s largest restaurant chain said these...

Posted on 10-21-2014 at 9:56 AM

B.C. slashes proposed rate for LNG tax

British Columbia has scaled back its expectations for its anticipated liquefied natural gas riches.

Posted on 10-21-2014 at 4:55 PM
Total CEO de Margerie killed by a drunk driver of a snowplow in Moscow

Total CEO de Margerie killed by a drunk driver of a snowplow in Moscow

The chief executive of French oil major Total, Christophe de Margerie, was killed when his private jet collided with a snow plough as it was taking off from Moscow's Vnukovo airport on...

Posted on 10-21-2014 at 6:44 AM

Pacific Rubiales surges as Mexican firm weighs bid

Pacific Rubiales Energy Corp. rose the most in five years after Mexico’s Alfa SAB said it’s considering an offer to buy more shares in the Colombian oil producer after months of speculation...

Posted on 10-20-2014 at 2:53 PM

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