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Energy & Resources News

Keystone XL cost may surge to $10-billion, TransCanada says

The cost of building the Keystone XL oil pipeline, which is awaiting approval from the U.S. after an initial rejection, may climb 85 per cent to $10-billion (U.S.), according to developer...

Posted on 9-19-2014 at 7:51 AM

Market mover: TransCanada surges to multi-year high on investor activism report

TransCanada Corp., the second- largest Canadian pipeline operator, rose the most in almost six years after Reuters reported U.S. activist hedge funds are reviewing the company for a...

Posted on 9-18-2014 at 3:49 PM

Penn West rises most since 2009 as accounting review ends

Canadian oil producer Penn West Petroleum Ltd , under fire after it uncovered accounting irregularities in July, said its audit committee determined that the company needs to review results...

Posted on 9-18-2014 at 9:13 AM

New premier Prentice says Canada needs new markets for Alberta oil

Alberta Premier Jim Prentice is warning that the country is facing profound economic repercussions unless pipelines are built to open up new trade routes.

Posted on 9-18-2014 at 8:02 AM

Drilling fluids firm sees massive revenue growth in Q2

U.S. domestic oil production is tipping the scales today at 8.6 million barrels per day, up from 5.3 million in 2008. And it’s a similar story for shale gas. Back in 2004, U.S. production...

Posted on 9-17-2014 at 10:43 PM

Energy Watch: Alberta is no Scotland

“Alberta is more important to Canada than Scotland is to the United Kingdom.”

Posted on 9-17-2014 at 3:02 PM

Local partners key for Mart Resources to tap into Nigerian oil

Junior oil and gas player Mart Resources isn’t shying away from potential challenges associated with its West African oil reserves. The company is focused on the rich, proven and...

Posted on 9-16-2014 at 9:27 PM

Oil-reliant firms at risk as world moves toward low-carbon future: report

Economic growth and job creation can be maintained even if countries adopt strong carbon pricing to combat climate change, argues an international commission in a report to be released at...

Posted on 9-16-2014 at 6:58 AM

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