Canada's largest pipeline company cut 5 percent of its workforce, as low crude prices continued to drag on the North American oil and gas industry. » Read More
*Terms of the deal with Phillips 66 not disclosed* Terminal has 5 million barrels of storage capacity* It is located 80 miles east of New York Harbor.
*Canada expects Indian companies will make oil sands deals. *Chinese bid for oil producer Nexen makes waves in Canada. To some political consternation in Canada, China is rapidly buying up assets in the tar sands of northern Alberta, one of the world's biggest crude oil deposits.
*Bmo raises Enbridge Inc to outperform; price target to C $47 from. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
*Parliament held an emergency debate Wednesday night on how to respond to an E. coli outbreak that has triggered the country's largest beef recall and sent the Harper government scrambling to defend the safety of Canada's food supply.
TORONTO, Oct 3- Canada's main stock index ended modestly lower on Wednesday, as signs of a worsening economic slowdown in China and Europe weighed on commodity prices and resource shares, offsetting better-than-expected U.S. data. Canadian Natural Resources was the most influential decliner, down 2.9 percent to C $30.28.
MARSHALL, Mich.-- The U.S. Environmental Protection Agency on Wednesday told Enbridge Inc. that the pipeline company's massive 2010 oil spill in the Kalamazoo River system requires more cleanup work. The agency says it informed Enbridge more work is need upstream from the Ceresco and Battle Creek dams and Morrow Lake.
Light synthetic crude for November delivery last sold for $9.75 a barrel over benchmark West Texas Intermediate, compared with $12 a barrel over WTI on Tuesday, according to Shorcan Energy Brokers. November Western Canada Select heavy blend was quoted at $11 a barrel under WTI, an 80- cent wider discount than on Tuesday.
*In one case, payment of more than $7 mln held up over $100 invoice. By Ayesha Rascoe and Roberta Rampton. WASHINGTON, Oct 2- A year after the U.S. government raced to meet a deadline to finish loan agreements with dozens of clean energy companies, less than half the total money promised has been handed over.
*In one case, payment of more than $7 mln held up over $100 invoice. *Caution shows government taking appropriate care-CEO By Ayesha Rascoe and Roberta Rampton. WASHINGTON, Oct 2- A year after the U.S. government raced to meet a deadline to finish loan agreements with dozens of clean energy companies, less than half the total money promised has been handed over.
*Illinois, Montana refineries down for work. CALGARY, Alberta, Oct 2- Canadian crude prices strengthened on Tuesday, despite outages at some key U.S. refineries, after Syncrude Canada Ltd, one of the top to oil sands mining operations, reported lower production.
Here are eight stocks cited by S&P Capital IQ as being poised for long-term gains based on North America’s booming oil production, arranged in inverse order of analysts’ most positive ratings.
Pro traders are starting to worry that if the worst case scenario plays out – Spain could be as damaging to the market as the collapse of Lehman Brothers.
The massive financing needs of China's two biggest trading partners — the U.S. and Europe — could leave Beijing spoiled for choice as it plans to spend $560 billion in foreign investments over the next five years.
Talk to oil and gas industry veterans and they'll tell you, the U.S. is in the midst of an energy renaissance, with national oil production at a 12 year high, thanks to the boom in Shale oil production in places like North Dakota.
The looming Iranian oil embargo has heightened the concern of risk to global oil supplies. Meanwhile, energy production in this country is booming.
Patrick Daniel, Enbridge CEO, discusses major growth opportunities in pipeline infrastructure and how Enbridge is positioned to profit from it.
Patrick Daniel, Enbridge CEO, discusses major growth opportunities in pipeline infrastructure and how Enbridge is positioned to profit from it, with Mad Money's Jim Cramer.
Canada will focus on exporting oil and other goods to China and other booming Asian economies even if Washington overturns its decision to block a pipeline that would have sent more Canadian crude to the United States.
Rejection of TransCanada’s XL Pipeline won’t likely make a big difference in the short term, one “Fast Money” analyst said.
The proposed Keystone XL Pipeline would create jobs and ease energy prices for the United States, TransCanada CEO Russ Girling said Thursday on “Fast Money.”