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Energy and Resources News

Oil slips below US$30 a barrel on oversupply worries
Crude oil prices fell on Monday because of lingering concerns over a supply overhang and after a Saudi-Venezuela meeting showed few signs that steps would be taken to boost prices.
Posted on 2-08-2016 at 10:32 AM
Tahoe Resources to buy Lake Shore Gold in $945-million deal
Canadian miner Tahoe Resources Inc said it would buy peer Lake Shore Gold Corp in a stock deal valued at $945 million to add low-cost gold operations to its portfolio.
Posted on 2-08-2016 at 7:31 AM
Suncor acquires nearly 73% of Canadian Oil Sands shares
Suncor Energy has announced that nearly 73 per cent of Canadian Oil Sands shares and accompanying rights have been tendered to Suncor's offer.
Posted on 2-06-2016 at 8:15 AM
Canadian uranium producer Cameco reports quarterly loss
Canadian uranium producer Cameco Corp. reported a quarterly loss, hurt by a higher impairment charge and weakness in the Canadian dollar.
Posted on 2-05-2016 at 6:49 PM
Trudeau hasn't changed position on Energy East pipeline after visiting Alberta
Trudeau has faced pressure from pipeline proponents and some politicians, including Saskatchewan Premier Brad Wall, to advocate for the project rather than play peacemaker between opposing sides.
Posted on 2-04-2016 at 5:59 PM
Shell delaying LNG Canada joint venture in northern B.C.
Royal Dutch Shell PLC says it is delaying the LNG Canada joint venture in northern British Columbia, an announcement that came Thursday as the company released its financial results. Shell’s fourth-quarter profit slid 56 percent to US$1.8-billion.
Posted on 2-04-2016 at 2:23 PM
Suncor’s $2-billion loss lights up Twitter
While analysts have been largely impressed by the ability of Suncor Energy to dramatically cut costs, those discussing Canada’s largest energy company on Twitter are concerned about more job cuts.
Posted on 2-04-2016 at 1:03 PM
Shell ready for more cost cuts as annual earnings fall 87% on weak oil prices
Royal Dutch Shell, Europe's largest oil company, reported its lowest annual income in over a decade on Thursday and said it would take further steps to cut costs to cope with weak oil prices if needed.
Posted on 2-04-2016 at 9:35 AM

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