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Energy & Resources News

Ottawa approves Paladin as uranium mine's majority owner
Canada requires operating uranium mines to have majority ownership by Canadian companies or investors, but makes an exception when Canadian partners cannot be found, something that Paladin demonstrated for its Michelin project.
Posted on 6-22-2015 at 10:06 AM
Speculators retreat from oil as OPEC floods crude market
Hedge funds reduced both bullish and bearish bets on oil for a fourth week as rising OPEC output was met with forecasts for a contraction in U.S. supply.
Posted on 6-22-2015 at 8:05 AM
Energy Watch: High gas prices expected for the summer months
Experts predict gas prices will rise over the summer.
Posted on 6-21-2015 at 1:11 AM
Rising supply and lower demand: Andrew McCreath investigates the new normal for oil
BNN commentator Andrew McCreath speaks with Martin Pelletier, Portfolio Manager at TriVest Wealth Counsel, about how supply and demand for global oil has changed and how it impacts the Canadian energy sector.
Posted on 6-20-2015 at 9:49 AM
Enbridge to transfer $18.7B in assets to Enbridge Income Fund
In December, Enbridge outlined plans to transfer ownership of the assets and boost its dividend by 33 percent.
Posted on 6-19-2015 at 8:05 AM
Investment banks unload Goldcorp’s stake in Tahoe Resources at a discount
GMP Securities and BMO Capital Markets have cut the offer price for Goldcorp’s stake in Tahoe Resources, a source tells BNN’s Amber Kanwar. As a result, the deal has now been fully sold.
Posted on 6-19-2015 at 10:00 AM
Cenovus in exclusive talks with Teachers' fund on land assets
Cenovus Energy Inc is in exclusive talks to sell Canadian oil and gas royalty lands to the Ontario Teachers' Pension Plan in a deal that could fetch C$2.5 billion to C$3 billion ($2.45 billion), according to four sources familiar with the matter.
Posted on 6-18-2015 at 6:00 PM
The end of an era: Oil sands megaprojects scale down
Crude’s price slump, pressure to get off fossil fuels and tax increases in Alberta are adding to high costs and a lack of pipelines, prompting producers from Suncor Energy Inc. to Imperial Oil Ltd. to accelerate a shift to smaller projects.
Posted on 6-18-2015 at 9:29 AM

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