Trudeau defends decision, says measure will protect the Arctic from an oil spill under sea ice.
IEA suggests investment in oil exploration and production is declining for a second straight year.
Only two of 14 exploration and production blocks July 15 attracted bids.
Study says engineering construction firms are most vulnerable; exploration and development drilling a close second.
All cash deal expected to close by mid-2015.
Mexico’s state-owned oil company has been unable to exploit its shale and deep-water reserves.
Junior oil company suspends Haldimand 4 drilling project after town council votes to halt operations.
Oil and gas producer exits high-risk exploration areas and find ways to cut costs.
Shell agrees to abandon plans to drill for coalbed methane.
The company’s six-year exploration agreement is the largest exploration rights bid in Atlantic Canada.