Oil Sands News

Oil sands mining and investment news

No recession for Alberta, just ‘zero growth’ as oil price nosedives

Cecilia Jamasmie | January 26, 2015
No recession for Alberta, just ‘zero growth’ as oil price nosedives

According to TD's latest report, real GDP growth in Alberta will inch forward by only 0.5% this year before speeding up to 1.8% in 2016.

Jason Mayer: the budgets of oil producers today are still a little delusional

Sprott's Thoughts | January 27, 2015

The price of oil appears to be settling into a new price range, leaving oil sector profits at significant risk.

UBC votes on removing fossil fuel investments from endowment

Business in Vancouver | January 27, 2015

Divestment intended to put political pressure on the Canadian government to adopt a national carbon pricing system, says campaigner.

Fort McMurray mayor still optimistic, despite dropping oil prices

CTV.ca | January 26, 2015

Despite plunging oil prices, the mayor of Fort McMurray, Alta., is still optimistic about the future of the oil boomtown.

Loonie to hit 85 cents US in 2016 as Bank of Canada hikes key rate, TD forecasts

Business in Vancouver | January 26, 2015

Canadian dollar expected to fall to 75 cents U.S. before slowly climbing back to 85 cents by the end of 2016

SNL Energy: oil shock extends its reach to BDCS, Fintech

SNL Energy | January 26, 2015

Consumer-facing financial technology companies may benefit from lower prices at the pump, while certain business development companies have come under pressure as the energy sector suffers.

World Bank: Commodities falling like it's 1985

Frik Els | January 23, 2015
World Bank: Commodities falling like it's 1985

Organization predicts a rare occurrence in 2015: a decline in all nine commodity indices with industrial metals falling another 5%; precious metals down 3%.

Global mining sector ended 2014 on a disappointing note: report

Cecilia Jamasmie | January 21, 2015
Global mining sector ended 2014 on a disappointing note: report

December is a period that sees lower levels of exploration and resource announcements, and last month was every bit as disappointing as expected, an SNL report shows.

Oilprice.com

Oil price collapse hurting some more than others

Oilprice.com | January 21, 2015

U.S. oil and gas rig counts dropped to their lowest level in over four years, falling by an additional 74 units for the week ending on January 16. The lower count provides fresh evidence that low oil prices are forcing drillers to pare back operations and slash spending.

China’s alleged intentions to mine Antarctica spark global debate

Cecilia Jamasmie | January 21, 2015
China’s alleged intentions to mine Antarctica spark global debate

New evidence has emerged of China's interest in digging for oil, gas a minerals in the frozen continent.

Visual Capitalist

INFOGRAPHIC: The biggest oil companies in the world

Visual Capitalist | January 20, 2015

When North Americans think of oil and gas companies, they often think of the big private sector companies such as Exxon Mobil or ConocoPhillips. However, it is always interesting to look at the sheer size and scope of some of the major government owned (or partnered) oil and gas firms to really see the extent of the industry.

Schlumberger axes 9,000 workers

Michael Allan McCrae | January 16, 2015
Schlumberger axes 9,000 workers

"In this uncertain environment, we continue to focus on what we can control."

Oilprice.com

Back to basics: why conventional drilling makes sense in 2015

Oilprice.com | January 15, 2015

This New Year, an old trend may become a new trend as conventional drilling in North America is once again in the spotlight at a time when oil prices continue their slump and the unconventional becomes increasingly uneconomical.

Jason Wangler throws a lifeline to oil and gas investors

The Energy Report | January 15, 2015

The crash in oil prices and the continued depression in gas prices have exploration and production companies and their services providers hunkered down, cutting capital expenditures and trying to bring spending into line with income, says Wunderlich Securities Analyst Jason Wangler.

Oil sands swaps show producers rewarded for cuts: Canada Credit

Bloomberg | January 14, 2015

A wave of cost-cutting in Canada’s oil patch is prompting bond investors to pick which companies will best withstand the collapse in crude prices.

Few Canadian oil and gas companies can sustain business long-term at current oil prices

Business in Vancouver | January 13, 2015

Fewer than one in five oil and gas companies would be able to sustain their businesses over the long term if the price stays under US$50 per barrel, said CanOils

Oil price debacle likely to drive Alberta into recession: report

Cecilia Jamasmie | January 13, 2015
Oil price debacle likely to drive Alberta into recession: report

According to the Conference Board of Canada, the province faces more than just a slowdown.

The days of $100 oil are gone: Saudi prince

Michael Allan McCrae | January 12, 2015
goobye to $100 oil

"There's less demand, and there's oversupply. And both are recipes for a crash in oil. And that's what happened. It's a no-brainer."

One man convinced the oil majors to give Nova Scotia another look and now they are spending $2B

Michael Allan McCrae | January 12, 2015
sandy mcmullin

Discovering what the oil majors had missed.

Canadian Natural Resources slashes spending, defers oil sands project

Cecilia Jamasmie | January 12, 2015
Canadian Natural Resources slashes spending, defers oil sands project

The firm is deferring the first phase of the 40,000-barrel-per-day project Kirby oil sands project in northern Alberta, originally targeted for the fourth quarter of 2016.

Eric Coffin of HRA Advisories

Olive Oil: The Year Ahead – Part I

Eric Coffin of HRA Advisories | January 12, 2015

It’s all rainbows and ponies on Wall St right now which should make any sensible person a bit nervous.

Nebraska court approves Keystone XL pipeline route

Cecilia Jamasmie | January 9, 2015
Nebraska court approves Keystone XL pipeline route

Judges rule against landowners challenging Keystone XL's route through the state. It could speed Obama’s decision that’s been on hold.

Revolutionary oil prospector Richard Masterson shares fracking investment opportunities Gov. Cuomo can't touch

The Energy Report | January 9, 2015

In this interview with The Energy Report, Masterson describes the significance of innovative science and new methods of prospecting to locate and liberate large amounts of energy, regardless of NIMBY politics like those playing out in New York State.

Oilprice.com

Top five factors affecting oil prices in 2015

Oilprice.com | January 7, 2015

As we ring in the New Year, let's take stock of where we are at with the oil markets.

What does oil getting crushed have to do with gold?

Ryan Fletcher | January 7, 2015

In case you were under a rock, oil just got crushed.

Most Canadian resource firms to grow their business in 2015: survey

Cecilia Jamasmie | January 6, 2015
Most Canadian resource firms to grow their business in 2015: survey

But only 34% plans to hire full-time employees and a further 20% is actually considering job cuts.

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