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Arctic oil town fears future as Imperial plans to shut down wells

  Bloomberg When oil topped $100 a barrel three years ago, the tiny village of Norman Wells in Canada’s high arctic was gearing up to be the “Dubai of the Mackenzie River,” with oil revenue bringing prosperity to all. Now, with oil at half that price and one of Canada’s oldest wells set to close, the future is less certain ...

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Latest snag for Canada Petronas LNG plan a political race

  Bloomberg The latest challenge facing a $27 billion liquefied natural gas terminal that Malaysia’s Petroliam Nasional Bhd. wants to build in western Canada: the race for the office of the premier in British Columbia. John Horgan, leader of the province’s opposition New Democratic Party thrust the LNG project into the middle of his campaign on Friday, telling reporters it ...

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Teva Pharmaceutical’s outlook dims as CEO leaves

  Bloomberg Teva Pharmaceutical Industries Ltd.’s chief executive officer unexpectedly left after just three years, leaving the world’s largest maker of cheap copycat medicines floundering for a new boss as its outlook dims and the shares slump. Chairman Yitzhak Peterburg became CEO on an interim basis following Erez Vigodman’s departure, and a search is underway for a successor, the Petach ...

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