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Energy & Resources News

Enbridge shuts oil pipeline to U.S. after spill in Canada
Enbridge isolated its Line 4 pipe at the Regina terminal in Saskatchewan yesterday after about 1,350 barrels of oil were released within an on-site pumping station.
Posted on 12-18-2014 at 1:09 PM
TransCanada’s Keystone fight turns to exports as oil glut weighs
Russ Girling's Keystone XL saga is taking a new twist with a global glut of cheap oil.
Posted on 12-18-2014 at 12:21 PM
Barrick suspends Zambia copper mine after royalty rate increase
Barrick expects its fourth-quarter financial results will include a writedown on the Lumwana project, which employs about 4,000 people, the Toronto-based miner said in a statement today.
Posted on 12-18-2014 at 9:52 AM
Chevron shelves plans for Beaufort Sea drilling
Chevron has shelved plans to drill a multimillion-dollar deep-water well in Canada’s Beaufort Sea, blaming the sharp drop in oil prices that has forced deep spending cuts across the energy industry.
Posted on 12-18-2014 at 7:05 AM
Oil resumes slide after brief rebound on short-covering
Global crude prices fell again, a day after a short-covering rally, as traders placed new bets that the market would resume a six-month rout on worries about a supply glut.
Posted on 12-18-2014 at 7:19 AM
Oil pressure: Canadian oil producers slash 2015 capital budgets
Canadian oil producers Husky Energy and Penn West Petroleum are the latest to slash their 2015 capital budgets due to the steep slide in crude oil prices.
Posted on 12-17-2014 at 11:52 AM
Husky Energy expects spending to drop by a third in 2015
Husky Energy expects spending to drop by a thirdbecoming the latest Canadian producer to scale back spending as oil prices fall.
Posted on 12-17-2014 at 9:49 AM
Penn West Petroleum slashes dividend, cuts 2015 budget
Penn West slashed its dividend to 3 cents per share from 14 cents, and cut its 2015 capital budget by a quarter due to the continued slide in oil prices.
Posted on 12-17-2014 at 9:45 AM

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