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Energy and Resources News

New technology helps oil companies fight low prices by squeezing more out of existing wells
General Electric, Chevron Corp. and Los Alamos National Laboratory have partnered to develop the Safire Flow Meter, one of the most advanced ways for oil companies to get more production from their existing fields.
Posted on 8-19-2015 at 12:00 AM
Beer war brewing in Canada as large rivals fend off push by SABMiller
A beer war is brewing in Canada as SABMiller seeks to grow its presence following its divorce from partner Molson Coors.
Posted on 8-17-2015 at 10:21 AM
Barrick exits co-president structure, hands reins to Dushnisky
Barrick Gold Corp. said Co-President Kelvin Dushnisky will take over as president as the world’s largest gold producer restructures management to boost efficiencies.
Posted on 8-17-2015 at 9:18 AM
Canada’s recovery, like its recession, will be mild: Survey
Canada’s economy will rebound from the “technical” recession that took place earlier this year, a monthly survey shows.
Posted on 8-17-2015 at 7:51 AM
Energy Watch: Oil and gas deals in Canada halt as prices fail to stabilize
Analysis: The mergers and acquisitions once expected to “cleanse” the Canadian energy sector are gone and may not be coming back, Darrell Bishop, head of energy research at Haywood Securities tells BNN.
Posted on 8-14-2015 at 1:39 PM
Trican Well Service sells unit, tries to stave off bankruptcy
Trican Well Service Ltd. fell to the lowest in 15 years after saying there’s a risk it won’t emerge from the oil slump, even following a $140 million deal to sell its Russian unit that brings the company closer to an agreement with lenders.
Posted on 8-14-2015 at 11:14 AM
Crude oil joins beer and whisky in the 30-loonie club in Alberta
You can buy a lot for 30 loonies in Alberta. A case of Molson beer. A bottle of Alberta Premium whisky. And now a barrel of heavy crude.
Posted on 8-14-2015 at 10:12 AM
Miners turn to job cuts to reign in costs as gold rout deepens
Miners from global giant Barrick Gold Corp. to small-cap Golden Star Resources Ltd. are grappling with the same dilemma as the gold rout deepens: how to reign in labour costs without sacrificing too much output and revenue.
Posted on 8-14-2015 at 9:34 AM

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