Tag: Energy

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TSX ends slightly lower after posting a 9-month high

TSX ends slightly lower after posting a 9-month high

TSX up as eight of 10 main groups were higher   By Fergal Smith TORONTO, May 26 (Reuters) – The TSX, Canada’s main stock index, edged slightly lower on Thursday, including losses for resource stocks as oil and gold prices dipped. Still, the index has rallied nearly 22 percent from an almost 3-1/2-year low in January of […]

May 26, 2016 | By | Reply More
Alberta wildfires to trim 1.25 per cent off Q2 growth

Alberta wildfires to trim 1.25 per cent off Q2 growth

Alberta wildfires have cut daily crude production by over 1M bpd By Leah Schnurr and David Ljunggren OTTAWA, May 25 (Reuters) – Damage from the Alberta wildfires will shave 1.25 percentage points off economic growth in the second quarter, though a speedy rebound was likely, the Bank of Canada said on Wednesday in a statement […]

May 25, 2016 | By | Reply More
Some oil sands crude production restarts as wildfire sapped by cool weather

Some oil sands crude production restarts as wildfire sapped by cool weather

Evacuation orders for oil sands work camps lifted Monday By Eric M. Johnson CALGARY, Alberta, May 24 (Reuters) – Some oil sands producers restarted operations on Tuesday as a mass evacuation of the Fort McMurray oil town entered its fourth week, though cool weather and light winds were helping firefighters dampen the blaze. No oil facilities […]

May 24, 2016 | By | Reply More
Evacuation orders lifted at all oil sands work camps

Evacuation orders lifted at all oil sands work camps

Phased re-entry into remaining oil sands camps authorized By Eric M. Johnson and Ethan Lou CALGARY/TORONTO, May 23 (Reuters) – Authorities lifted evacuation orders on Monday for all work camps and some additional oil facilities that had been shuttered when a massive wildfire near Fort McMurray threatened the oil sands hub, a significant step for companies […]

May 23, 2016 | By | Reply More
Crescent Point posts bigger Q1 loss

Crescent Point posts bigger Q1 loss

Low oil prices hamper Crescent Point May 12 (Reuters) – Canadian oil and gas producer Crescent Point Energy Corp reported a bigger quarterly loss due to weak oil prices. Crescent Point, which said it continued to lower its overall cost structure, has slashed its dividend, curbed capital spending and scaled back drilling activity to operate […]

May 12, 2016 | By | Reply More
TSX barely higher as energy sector rises after fire

TSX barely higher as energy sector rises after fire

Seven of the TSX 10 main groups fall   TORONTO, May 12 (Reuters) – Canada’s main stock index fell slightly on Thursday as losses for some heavyweight financial and mining names dragged, while energy stocks gained with higher U.S. oil prices and as oil sands employees prepared to return to work after a wildfire. At […]

May 12, 2016 | By | Reply More
Norway to dig deeper in wealth fund to counter economic slowdown

Norway to dig deeper in wealth fund to counter economic slowdown

Norway cut interest rates, raised spending from wealth fund to combat low oil prices   By Camilla Knudsen OSLO, May 11 (Reuters) – Norway will take more money from its $858-billion sovereign wealth fund to combat a deeper-than-expected economic slowdown as the drop in oil prices continues to hurt western Europe’s top crude exporter. With the […]

May 11, 2016 | By | Reply More
Idemitsu, AltaGas suspend LNG project in Canada

Idemitsu, AltaGas suspend LNG project in Canada

Idemitsu, AltaGas suspend LNG project in Canada TOKYO, May 10 (Reuters) – Japanese oil refiner Idemitsu Kosan Co said on Tuesday its joint venture with Canada’s AltaGas would suspend a liquefied natural gas (LNG) project in Canada for the foreseeable future due to low energy prices. The two firms had conducted a feasibility study to […]

May 10, 2016 | By | Reply More
Enbridge to replace Dong as EDF offshore wind partner

Enbridge to replace Dong as EDF offshore wind partner

Enbridge to acquire 50 per cent stake in Eolien Maritime France PARIS, May 10 (Reuters) – French utility EDF announced a deal on Tuesday to build three offshore wind parks in France with Enbridge, which will replace EDF’s original consortium partner Dong Energy of Denmark. EDF said in a statement that Enbridge would acquire a 50 […]

May 10, 2016 | By | Reply More
TSX rises on higher gold and oil; ends lower for the week

TSX rises on higher gold and oil; ends lower for the week

TSX closes up 69.46 points to 13,701.47 By Fergal Smith TORONTO, May 6 (Reuters) – The TSX, Canada’s main stock index, rose on Friday as gold shares rallied after data tempered Federal Reserve rate hike expectations, while energy stocks also gained after oil prices turned higher. The most influential movers on the index included Barrick Gold […]

May 6, 2016 | By | Reply More