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Energy and Resources News

Energy Watch: Is Canada getting what it bargained for from CNOOC?
After taking over Nexen in 2012, CNOOC committed to listing its shares on the TSX, maintaining the Canadian headcount and adhering to high safety standards. But the company may not be keeping its promise.
Posted on 9-02-2015 at 1:40 PM
What rout? This gold miner’s getting near record-high prices
As the meltdown in metal prices batters miners around the world, Colombia’s biggest gold producer is broadening its search for acquisitions.
Posted on 9-01-2015 at 10:35 AM
Penn West to cut 35% of work force, scrap dividend
Canada’s Penn West Petroleum Ltd. cut its 2015 capital budget for the third time this year, suspended its dividend and said it would lay off about 35 per cent of its work force as it copes with the slump in crude oil prices.
Posted on 9-01-2015 at 7:20 AM
Alberta government forecasts record deficit as oil-price shock hits budget
Alberta is acknowledging its financial reality with the largest deficit the province has ever seen – and its economic downfall is far from over.
Posted on 8-31-2015 at 8:00 PM
35,000 lost oil jobs in 2015 not surprising: Stephenson & Co.
Alberta’s once robust energy economy has drawn Canadians from all provinces in search of high-wage jobs. But John Stephenson tells BNN that Albertans should expect employment to decline as quickly as it grew in previous years.
Posted on 8-31-2015 at 3:21 PM
Goldcorp struggling to find takeover targets that make sense: CEO
The Chief Executive Officer of Goldcorp says he's having a tough time making good on a common piece of wisdom for investors: buy low, sell high.
Posted on 8-31-2015 at 2:05 PM
Canadian synthetic crude spikes on Syncrude fire, Nexen pipelines
Canadian Oil Sands, the biggest shareholder in the Syncrude oil sands project, said it halted production after a fire damaged its processing facility on Saturday, causing traders to scramble to secure temporarily short supply.
Posted on 8-31-2015 at 1:48 PM
Oil surges on lower U.S. output; biggest bounce since 1990
Oil futures soared on Monday for a third consecutive day, rising more than 8 percent, as a downward revision of U.S. crude production data and OPEC's readiness to talk with other producers helped extend the biggest price surge in 25 years.
Posted on 8-31-2015 at 11:14 AM

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