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Market flat as resources feel pain

2015-03-20 08:49:11| Energy - Topix.net

Phillip Capital senior client adviser Michael Heffernan said falling iron ore and oil prices overnight have pushed the miners and energy sector into the red. The crude oil market gave back much of its Federal Reserve-sparked rally, with prices sinking back on the reality of continued high supplies and a strong dollar.

Tags: resources market feel flat

 

Continental Resources adds to oil acreage at North Dakota auction

2015-03-20 00:04:14| Electronics - Topix.net

Continental Resources Inc, the second-largest North Dakota oil producer, spent $2.3 million at a state land auction for the right to explore for crude on 160 acres, outbidding its nearest rival with just seconds left on the clock. The deal, secured this week with a check to state officials, shows that despite the more-than 60 percent drop in crude prices since last summer, demand for oil-rich acreage in the state remains high.

Tags: resources north oil auction

 
 

Canadian Natural Resources slapped with $125,000 penalty for 2010 oil spill

2015-03-18 01:14:51| Energy - Topix.net

Canadian Natural Resources Ltd. is facing $125,000 in penalties nearly five years after an oil spill in northwestern Alberta. The sentence was handed down in provincial court last Friday after the company pleaded guilty to an offence under the Fisheries Act.

Tags: resources natural oil canadian

 

Canadian Natural Resources slapped with $125,000 penalty for 2010 oil spill

2015-03-18 01:11:39| Oil & Gas - Topix.net

Canadian Natural Resources Ltd. is facing $125,000 in penalties nearly five years after an oil spill in northwestern Alberta. The sentence was handed down in provincial court last Friday after the company pleaded guilty to an offence under the Fisheries Act.

Tags: resources natural oil canadian

 

Eni to invest $5bn in Egyptian oil and gas resources development

2015-03-16 01:00:00| Offshore Technology

Eni has signed a framework agreement with the Egyptian Government to invest approximately $5bn in the development of the country's oil and gas resources over the next four years

Tags: development resources gas oil

 

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