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Royal Dutch Shell reports a 44% plunge in fourth quarter profits

Royal Dutch Shell reports a 44% plunge in fourth quarter profits

Fourth quarter earnings were $1.8B, down from $4.2B for the previous year/quarter. Results were the worst since 2004 but slightly better than expected. The company is selling $10 billion worth of assets and will be "redirecting" 10,000 employees as a results of its takeover of BG Group.

Shell also noted it will be delaying an investment decision on its LNG project in Kitimat.

MEG Energy reports record fourth production and cuts capital expenditures to $170 million

MEG Energy reports record fourth production and cuts capital expenditures to $170 million

TransCanada offers Quebec 210 new jobs in exchange for Energy East approval

TransCanada offers Quebec 210 new jobs in exchange for Energy East approval