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Energy and Resources News

Why Canadian energy mogul Murray Edwards left the oil patch for England
Murray Edwards, the billionaire behind Canadian Natural Resources Ltd. and the NHL’s Calgary Flames, says he relocated to London to make a fresh start following a tumultuous few years in his personal and business life.
Posted on 5-05-2016 at 10:57 AM
How the wildfire is dealing another blow to Canada's hard-hit oil sands
The wildfire raging through Fort McMurray has dealt a blow to its already hard-hit crude operations, with companies curtailing production or stopping it altogether.
Posted on 5-05-2016 at 10:23 AM
Oil turns lower after bigger-than-forecast U.S. crude build
A bigger-than-expected build in U.S. crude inventories to fresh record highs pushed oil markets lower on Wednesday after an early rally over concerns about production cuts in Canada's oil sands region due to a wildfire.
Posted on 5-04-2016 at 8:02 AM
Wildfires ravage Fort McMurray: ‘The worst is not over’
Massive wildfires in For McMurray forced the evacuation of the city late Tuesday. Eighty-thousand people were sent fleeing north and south of the city and reports say whole neighbourhoods have been destroyed.

Posted on 5-03-2016 at 11:30 AM
Halliburton posts bigger quarterly loss on $2.77B in charges
Halliburton Co, the world's No.2 oilfield services provider, reported a bigger first-quarter loss, hurt by $2.77 billion in charges for asset impairment and other reasons.
Posted on 5-03-2016 at 8:00 AM
Encana continues cost cutting as it waits for oil prices to turn around
Oil and gas producer Encana posted a bigger-than-expected quarterly loss due to lower production amid a steep fall in oil prices.
Posted on 5-03-2016 at 7:08 AM
Freehold Royalties buying group of Husky oil and gas royalty assets
Freehold Royalties Ltd. is buying a group of oil and gas royalty assets from Husky Energy Inc. for $165 million.
Posted on 5-02-2016 at 5:00 PM
High cost of condensate hurting bitumen producers
Canadian companies producing bitumen are feeling the heat from the high price of condensate, a diluent they need to allow their product to flow smoothly through pipelines.
Posted on 5-02-2016 at 1:27 PM

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