Oil Sands News

Oil sands mining and investment news

Fire damages Canadian Syncrude equipment, forces firm to halt production

Cecilia Jamasmie | August 31, 2015
Fire damages Canadian Syncrude equipment, forces firm to halt production

The incident adds to the firm's mounting challenges, including swinging to a loss, growing debt, unplanned equipment outages and Moody’s Investors Service recent cut of the company's credit rating.

Keith Schaefer picks the companies you will want to own if the conservatives win in Canada

The Energy Report | September 1, 2015

Keith Schaefer outlines the sectors that will profit first from a reversal in oil and gas prices, and what he is doing to position his readers for success.

No injuries reported from explosion at Syncrude

Andrew Topf | August 30, 2015
syncrude-oil

The blast happened early Saturday morning at the Mildred Lake site.

Jim Rogers: Commodity bull market hasn't gone away

Frik Els | August 26, 2015
Jim Rogers: Commodity bull market hasn't gone away

Commodity investing legend says the Chinese market is on its way to "finding a good bottom."

Canada, Australia, US, Chile and Mexico, the top destinations for mining investors

Cecilia Jamasmie | August 25, 2015
Canada, Australia, US, Chile and Mexico, the top destinations for mining investors

Despite current adverse conditions, advisory firm Behre Dolbear is recommending mining stakeholders to focus on markets that have been able to ride the wave relatively well so far.

Visual Capitalist

INFOGRAPHIC: The evolution of America's energy supply (1776 – 2014)

Visual Capitalist | August 25, 2015
Largest coal mines still in Wyoming, but US is diversifying

The Energy Information Administration (EIA) recently released data on the history of America’s energy supply, sorted by the share of each energy source.

Oilprice.com

Saudis could face an open revolt at next OPEC meeting

Oilprice.com | August 25, 2015

OPEC next gathers December 4 in Vienna, just over a year since Saudi Oil Minister Ali Al-Naimi announced at the previous OPEC winter meeting the Saudi decision to let the oil market determine oil prices rather than to continue Saudi Arabia's role of guarantor of $100+/bbl oil.

Canadian oil sands producer ready to begin digging pits in the US

Cecilia Jamasmie | August 21, 2015
Canada-owned oil sands producer ready to begin digging pits in the US

Beginning this fall, the company will start digging the first in a series of pits, each the size of a football stadium, in Utah, about 265km (165 miles) from Salt Lake City.

Most Canada oil sands crude being produced at a loss — report

Reuters | August 20, 2015

More than three-quarters of Canada's daily output of 2.2 million barrels of crude from oil sands is being produced at a loss at current prices, research from analysts at TD Securities shows, although producers are unlikely to halt operations.

New study says Energy East Pipeline would hurt whales

Cecilia Jamasmie | August 20, 2015
New study says Energy East Pipeline would hurt whales

Report claims that noise from tanker traffic causes heightened levels of stress for the North Atlantic right whale, hindering the mammal’s ability to communicate.

Approval of Kinder Morgan's pipeline expansion subject to 145 conditions

Cecilia Jamasmie | August 13, 2015
Approval of Kinder Morgan's pipeline expansion subject to 145 conditions

The company will review the conditions and submit comments to the National Energy Board next week.

Price of crude from Canada’s oil sands more than halves since June

Cecilia Jamasmie | August 12, 2015
Price of crude from Canada’s oil sands more than halves since June

Experts say the main reason behind such debacle is a combination of steadily rising production, pipeline constraints and an unexpected outage at a U.S. refinery.

Oilprice.com

The Saudi oil price war is backfiring

Oilprice.com | August 12, 2015
Here's why Saudi Arabia needs nuclear power

With record production of 10.564 million barrels per day in June 2015, Saudi Arabia has been one of the major driving forces behind the current oil price slump.

How AlphaNorth's Steve Palmer copes with the commodity blues

The Energy Report | August 11, 2015
man-watching-stock-market-screen-333

Commodity markets change cyclically, and there is money to be made buying undervalued precious metals and energy juniors, including the handful of companies Palmer names in this interview with The Gold Report.

Support for pipelines up amongst British Columbians: poll

Business in Vancouver | August 10, 2015

This increase may be related to the shift in government’s attention toward LNG

Canada investigating mysterious death of 30 herons at Syncrude oil sands

Cecilia Jamasmie | August 8, 2015
Canada investigating mysterious death of 30 herons at Syncrude oil sands

Inspectors are currently at the site, but haven't been able to determine how the birds died or whether others are injured.

Oilprice.com

Global oil supply more fragile than you think

Oilprice.com | August 7, 2015

The growing acceptance that oil prices could stay lower for longer will kick off a fresh round of cuts in spending and workforces for the oil industry.

Could WTI trade at a premium to Brent by next year?

Oilprice.com | August 6, 2015
Colleen - sea, oil, oilfield, fuel, petroleum, production, gas, steel, pipe 333

A flood of bearish news has pushed down oil prices to their lowest levels in months, with WTI nearing $45 per barrel and Brent flirting with sub-$50 territory.

Randall Abramson locks on to unusual bargains at today's oil prices

The Energy Report | August 6, 2015

Abramson discusses several bargains in the junior oil and gas space, as well as a handful of serviceable service names.

Oilprice.com

Former Exxon President on mission to clean up oil sands

Oilprice.com | July 31, 2015
Canadian oil sands set to benefit from low crude output

Canada has given oil sands a dirty reputation, but a breakthrough, commercially viable technology has caught the eye of a former Exxon Mobil president who is putting it to use to clean up Utah's billions of barrels of oil sands.

B.C.'s LNG job boom overstated, according to think tank’s report

Business in Vancouver | July 29, 2015

The 100,000 jobs the provincial government has promised due to LNG projects across B.C. is an overblown figure, according to a new report by the Canadian Centre for Policy Alternatives.

More headline risk around Alberta’s oil sands industry

IEEFA | July 28, 2015

Questions multiply on future of Canadian projects.

Oilprice.com

Saudis expand price war downstream

Oilprice.com | July 28, 2015
saudi_arabia_oil_map

The undisputed king of oil and gas is making some moves that could change the face of the global refining sector.

$60 billion in oil sands projects frozen due to crude prices collapse — report

Cecilia Jamasmie | July 27, 2015
$60 billion in oil sands projects frozen due to crude prices collapse — report

And oil prices keep falling — they have kicked off the week in the red, with U.S. prices trading below $48 a barrel.

Peter Schiff - Euro Pacific Capital

The nuclear deal is mostly about oil

Iran said to be exporting more oil than allowed

The recent nuclear non-proliferation agreement between Iran and the U.S. has created a firestorm debate in the Middle East and both sides of the Atlantic.

Loonie headed to 75 cents by autumn:BMO

Business in Vancouver | July 27, 2015
biv loonie headed to 75 cents by autumn - bmo - 333

Canadians can expect the value of the loonie to drop even further this summer, reaching US$0.75 — or perhaps even lower — according to economists at BMO.

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