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Energy & Resources News

Saudi's Naimi says OPEC will not cut output however far oil falls
"Whether it goes down to $20, $40, $50, $60, it is irrelevant," the kingdom's oil minister said on OPEC declining to cut production.
Posted on 12-22-2014 at 9:39 AM
CNOOC’s Nexen shuts Yemen facilities due to security threat
CNOOC Ltd.’s Nexen unit is shutting operations at an oil field and processing facility in Yemen, where the Islamist militant al-Qaeda group is operating, due to a security threat.
Posted on 12-22-2014 at 7:23 AM
National average for gas prices drops to less than a dollar
The national average for gas prices has dropped to less than a dollar per litre for the first time in nearly five years.
Posted on 12-19-2014 at 11:54 AM
Why we picked the drop in oil prices as BNN's story of the year
The biggest and sometimes worst business news stories are the ones where “everything changes.”
Posted on 12-19-2014 at 10:53 AM
Enbridge shuts oil pipeline to U.S. after spill in Canada
Enbridge isolated its Line 4 pipe at the Regina terminal in Saskatchewan yesterday after about 1,350 barrels of oil were released within an on-site pumping station.
Posted on 12-18-2014 at 1:09 PM
TransCanada’s Keystone fight turns to exports as oil glut weighs
Russ Girling's Keystone XL saga is taking a new twist with a global glut of cheap oil.
Posted on 12-18-2014 at 12:21 PM
Barrick suspends Zambia copper mine after royalty rate increase
Barrick expects its fourth-quarter financial results will include a writedown on the Lumwana project, which employs about 4,000 people, the Toronto-based miner said in a statement today.
Posted on 12-18-2014 at 9:52 AM
Chevron shelves plans for Beaufort Sea drilling
Chevron has shelved plans to drill a multimillion-dollar deep-water well in Canada’s Beaufort Sea, blaming the sharp drop in oil prices that has forced deep spending cuts across the energy industry.
Posted on 12-18-2014 at 7:05 AM

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