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Energy and Resources News

Canada farm minister favors TPP deal, poised for trade fight with U.S.
Canada's new agriculture minister said on Tuesday he is likely to support the Trans-Pacific Partnership negotiated by the previous government, and is inclined to retaliate against the United States over a long-standing meat-labeling dispute.
Posted on 11-10-2015 at 11:57 AM
Environment Minister vows more stringent reviews for pipelines
Catherine McKenna said Canada is bringing a more constructive and ambitious outlook to the international negotiations.
Posted on 11-10-2015 at 9:16 AM
Oil price to rise only gradually to US$80 by 2020: IEA
Oil is unlikely to return to US$80 a barrel before the end of the next decade, despite unprecedented declines in investment, as yearly demand growth struggles to top 1 million barrels per day, the International Energy Agency said on Tuesday.
Posted on 11-10-2015 at 8:24 AM
Algoma files for creditor protection again amid collapse of steel prices
Essar Steel Algoma Inc., battered by the collapse in North American steel prices, has applied for protection from creditors, marking the third trip through the Companies’ Creditors Arrangement Act for the economic engine of Sault Ste. Marie, Ont.
Posted on 11-09-2015 at 1:42 PM
Canadian Natural to sell royalty assets to PrairieSky for $1.8B
Canadian Natural Resources will sell most of its royalty assets to PrairieSky Royalty in a $1.8-billion deal, joining other oil producers in shedding assets to weather a slump in crude prices.
Posted on 11-09-2015 at 7:14 AM
Regulator to hear Suncor case against Canadian Oil Sands’ poison pill
In a statement Thursday, Canadian Oil Sands called Suncor's move a "smokescreen" designed to obscure a weak offer and said it would "vigorously oppose" the application.
Posted on 11-06-2015 at 7:04 AM
Penn West says asset sales to create ‘additional headroom’
Penn West Petroleum Ltd said on Thursday it expects to create “additional headroom” in a key debt covenant in the current quarter by using proceeds from asset sales to pay down debt.
Posted on 11-05-2015 at 8:10 AM
Canadian Natural cuts budget again, swings to loss
Canadian Natural Resources Ltd on Thursday cut its 2015 capital expenditure for the fifth time, and estimated a much lower 2016 budget as oil prices show no signs of recovery.
Posted on 11-05-2015 at 7:41 AM

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