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Energy & Resources News

TransCanada’s Energy East pipeline faces $1B gas feud

TransCanada Corp. will have to spend $1 billion USD more than planned on an oil pipeline to Canada’s Atlantic Coast if natural gas customers get their way, a move it says would threaten the...

Posted on 10-21-2014 at 9:35 AM

China food scandal, tough U.S. competition pummel McDonald’s

McDonald’s Corp reported a 30 percent fall in quarterly profit due to a food scandal in China and tough competition in the United States, and the world’s largest restaurant chain said these...

Posted on 10-21-2014 at 9:56 AM

B.C. slashes proposed rate for LNG tax

British Columbia has scaled back its expectations for its anticipated liquefied natural gas riches.

Posted on 10-21-2014 at 4:55 PM
Total CEO de Margerie killed by a drunk driver of a snowplow in Moscow

Total CEO de Margerie killed by a drunk driver of a snowplow in Moscow

The chief executive of French oil major Total, Christophe de Margerie, was killed when his private jet collided with a snow plough as it was taking off from Moscow's Vnukovo airport on...

Posted on 10-21-2014 at 6:44 AM

Pacific Rubiales surges as Mexican firm weighs bid

Pacific Rubiales Energy Corp. rose the most in five years after Mexico’s Alfa SAB said it’s considering an offer to buy more shares in the Colombian oil producer after months of speculation...

Posted on 10-20-2014 at 2:53 PM

Speculators betting big on gold for first time in two months

Speculators added bullish gold bets for the first time in nine weeks as concern that global economic growth is slowing whipsawed equity markets.

Posted on 10-20-2014 at 10:29 AM

Concerns over beluga whales delay Energy East pipeline project

TransCanada Corp.’s $11-billion Energy East pipeline project has run into another stumbling block in Quebec as public opposition mounts over a possible threat to the endangered beluga...

Posted on 10-20-2014 at 7:06 AM

Islamic State earns $800M a year from oil: IHS

The Islamic State is earning about $2 million USD a day, or $800 million USD a year, selling oil on the black market, IHS Inc. estimated.

Posted on 10-20-2014 at 2:45 PM

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