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Energy and Resources News

Crude's plunge spreads pain as oil patch earnings nosedive
The crash in crude is taking a toll on oil majors. Imperial Oil reported an 85-percent drop in profit, while parent Exxon saw a double-digit earnings slide. And BP announced a massive annual loss and thousands of layoffs.
Posted on 2-02-2016 at 7:20 AM
Alberta targets $5B in investments with new incentive program
With the crash in crude prices decimating its economy and the province’s coffers, Alberta’s government says it has a plan to attract up to $5-billion in investments and create thousands of jobs in the process.
Posted on 2-01-2016 at 1:06 PM
The Week Ahead: BNN's Your Money Month kicks off
BNN sets up the week ahead to highlight what investors should be expecting.
Posted on 1-29-2016 at 1:51 PM
Alberta NDP spares industry, oil sands royalty rate to remain static
Alberta’s NDP government is making no changes to oil sands royalties under an industry-friendly new system that comes as it grapples with an oil price shock.
Posted on 1-29-2016 at 12:56 PM
Hydro One to buy Great Lakes Transmission business for $222-million
Hydro One Ltd, Ontario’s largest electric utility said it will buy an electricity transmission business from Brookfield Infrastructure for $222-million.
Posted on 1-29-2016 at 10:51 AM
Chevron reports quarterly loss on sliding oil prices
Chevron Corp reported a fourth-quarter loss on Friday as the oil producer grappled with how best to handle plunging crude prices.
Posted on 1-29-2016 at 8:59 AM
Oil expected to average just over US$40 in 2016: Poll
Oil prices will average just over US$40 this year, the biggest cut to monthly forecasts in a year, as an influx of Iranian barrels hits an already-saturated world market, a Reuters poll showed on Friday.
Posted on 1-29-2016 at 8:09 AM
Investors and oil patch brace for Alberta’s new royalty regime
Less than a year after being sworn in, Alberta Premier Rachel Notley is hours away from one of her most important announcements since taking office. At 1p.m. ET, she'll deliver details of the province's new royalty regime.
Posted on 1-29-2016 at 7:15 AM

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