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Energy and Resources News

Canadian uranium producer Cameco reports quarterly loss
Canadian uranium producer Cameco Corp. reported a quarterly loss, hurt by a higher impairment charge and weakness in the Canadian dollar.
Posted on 2-05-2016 at 6:49 PM
Trudeau hasn't changed position on Energy East pipeline after visiting Alberta
Trudeau has faced pressure from pipeline proponents and some politicians, including Saskatchewan Premier Brad Wall, to advocate for the project rather than play peacemaker between opposing sides.
Posted on 2-04-2016 at 5:59 PM
Shell delaying LNG Canada joint venture in northern B.C.
Royal Dutch Shell PLC says it is delaying the LNG Canada joint venture in northern British Columbia, an announcement that came Thursday as the company released its financial results. Shell’s fourth-quarter profit slid 56 percent to US$1.8-billion.
Posted on 2-04-2016 at 2:23 PM
Suncor’s $2-billion loss lights up Twitter
While analysts have been largely impressed by the ability of Suncor Energy to dramatically cut costs, those discussing Canada’s largest energy company on Twitter are concerned about more job cuts.
Posted on 2-04-2016 at 1:03 PM
Shell ready for more cost cuts as annual earnings fall 87% on weak oil prices
Royal Dutch Shell, Europe's largest oil company, reported its lowest annual income in over a decade on Thursday and said it would take further steps to cut costs to cope with weak oil prices if needed.
Posted on 2-04-2016 at 9:35 AM
Suncor Energy posts $2B loss, slashes spending
Suncor Energy Inc. reported a fourth-quarter operating loss and cut 2016 capital spending plans on Wednesday because of the collapse in global crude prices.
Posted on 2-04-2016 at 7:21 AM
Ottawa to fast track Alberta infrastructure investments
Ottawa is committed to fast tracking infrastructure investments in Alberta, which is reeling from the global slump in energy prices, Prime Minister Justin Trudeau said on Wednesday.
Posted on 2-03-2016 at 8:00 PM
Exxon’s profit tumbles 58%, slashes capex by one-quarter
Exxon Mobil Corp on Tuesday reported its smallest quarterly profit in more than a decade and said it will cut 2015 spending by one-quarter and suspend share repurchases as it copes with a prolonged downturn in crude prices.
Posted on 2-02-2016 at 10:24 AM

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