Oil rises, boosted by expectations of OPEC cut
Oil slid more than 6 percent on Wednesday after a U.S. government report showed inventories of crude rose much more than expected in the world's top energy consumer.
High River Gold seeks funds to cover costs, pay debt
High River Gold said on Friday it is trying to secure additional funds to meet its financial obligations as cash flow at the Canadian junior miner has been weakened by operational problems.
Fronteer bids to acquire Aurora Energy
(Reuters) - Canadian miner Fronteer Development Group Inc said it plans to buy Aurora Energy Resources Inc , in a stock deal worth about C$110.3 million, as it looks to strengthen its cash position.
Gasoline prices fall to lowest since February 2004
The average price for a gallon of gasoline in the United States fell 5 percent from two weeks earlier, hitting its lowest level since February 2004, according to the nationwide Lundberg survey released on Sunday.
Penn West to cut spending in first half of '09
CALGARY, Penn West Energy Trust , Canada's biggest conventional oil and gas income trust, said on Wednesday it plans big cuts to capital spending in the first half of 2009 to deal with weak commodity prices and still-high operating costs.
EDF close to buying half of Constellation: report
U.S. power company Constellation Energy Group Inc is leaning toward an agreement to sell one-half of its nuclear power business to Electricite de France SA, but still needs to obtain waivers of its bank covenants to seal the deal, according to a source familiar with the matter.
Connacher cuts output at Alberta oil sands project
Connacher Oil and Gas Ltd said on Monday it will cut bitumen production at its Alberta oil sands project as prices sink below costs, the first Canadian producer to take such action in the wake of falling oil prices.
Hunting completes delayed sale of Gibson Energy
Energy services firm Hunting said on Monday it had completed the delayed sale of its Canadian oil and gas division for C$1.26 billions ($1 billion) and would step up its search for acquisitions with the proceeds.
EnCana slashes 2009 capital budget
(Reuters) - EnCana Corp , Canada's No. 1 oil and gas producer, cut its 2009 capital budget by 18 percent to about $6.1 billion as it looks to weather falling commodity prices and economic uncertainty.
Harry Winston swings to profit
Harry Winston Diamond Corp swung to a third-quarter profit on Wednesday, thanks in part to a big foreign exchange gain as the Canadian dollar weakened against its U.S. counterpart, but it said the weak economy is hurting its business.
Rio Tinto to cut 14,000 jobs, slash spending
Global miner Rio Tinto , saddled with nearly $40 billion in net debt, said it would cut 13 percent of its workforce, slash capital spending by more than half and sell more assets as it battles a collapse in commodity prices.