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Energy & Resources News

Encana weighs acquisitions after sale of PrairieSky interest

Encana Corp. will have the flexibility to make more acquisitions after it completes its $2.6 billion PrairieSky Royalty Ltd. stake sale, chief financial officer Sherri Brillon said.

Posted on 9-09-2014 at 1:56 PM

Encana sells rest of stake in PrairieSky for $2.6B

Encana Corp. has sold the rest of its stake in PrairieSky Royalty Ltd. for about $2.6-billion.

Posted on 9-08-2014 at 5:28 PM

Brent crude declines below $100 for first time since June 2013

Brent crude fell below $100 a barrel for the first time since June 2013, as falling Chinese imports bolstered concern that slower growth will worsen a global oil surplus. West Texas...

Posted on 9-08-2014 at 2:54 PM
Korean Oil sells Newfoundland refinery to U.S. real estate fund

Korean Oil sells Newfoundland refinery to U.S. real estate fund

Korea National Oil Corp. has struck a deal to sell Newfoundland and Labrador’s only refinery, capping a months-long effort to find a buyer for the beleaguered plant.

Posted on 9-06-2014 at 7:55 AM

Seven Generations Energy plans $1-billion IPO

Seven Generations Energy Ltd., which has been making big oil and gas production gains in a region known as the Alberta Montney, is said to be planning an initial public offering in the next...

Posted on 9-05-2014 at 7:53 AM

Canadian miners scrap over gold discovery after megadeal

On one side, the founder of top miner Goldcorp Inc, his young apprentice, an aggressive securities lawyer, and a tiny company based in a Quebec mining town. On the other, the chief...

Posted on 9-05-2014 at 7:32 AM

BP could face additional billion-dollar fines after gross negligence ruling

BP PLC was “grossly negligent” for its role in the oil spill in the Gulf of Mexico four years ago, a U.S. district judge said on Thursday in a ruling that could add billions of dollars in...

Posted on 9-04-2014 at 2:20 PM

Northern Gateway start date is ‘quickly evaporating,’ project president says

Northern Gateway president John Carruthers said a proposed 2018 start date for the controversial pipeline is “quickly evaporating,” as Enbridge Inc. struggles to convince aboriginal groups...

Posted on 9-04-2014 at 1:08 PM

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