The vote of the full plenary was prompted earlier this month when the EU's environment committee rejected a deal worked out after more than two years of lobbying by Canada.
The stunning 40% drop in the price of oil over the past few months has scrambled global economic forecasts, changed the geo-political landscape, and has severely pressured many energy sector investments.
The blue-chip Dow Jones Industrial Average (DJIA) fell 185 points on Tuesday, prior to rallying to cut its loss—but this was followed by a 170-point intraday decline on Wednesday.
The Sunrise Phase 1 oil sands project is expected to have initial capacity of 60,000 barrels per day.
Hydraulic fracturing, or fracking, is not without its risks, but outright bans are unjustified: Fraser Institute
New oil projects are being scrapped in Norway amid falling production and low oil prices.
A study of about 40 explorers budgeting at least US$50 million total shows the larger players allocated a total of US$4.33 billion and accounted for 40% of the US$10.74 billion worldwide exploration total.
In the Monday night episode of “The Colbert Report,” the joke was on Canada’s oil industry. That’s because the featured guest appeared to take a dig at the industry’s long-awaited, long-delayed Keystone XL pipeline project.
Canadian natural gas prices could drop by well over half in 2015 as new pipelines allow very cheap Marcellus gas to flood North America says a November 4 report by Canadian brokerage firm Macquarie Securities.
Many small-cap exploration and production companies have had a good run in recent years, but are now getting whacked given their strong connections to oil prices.
The oil and gas boom in the United States was made possible by the extensive credit afforded to drillers. Not only has financing come from company shareholders and traditional banks, but hundreds of billions of dollars have also come from junk-bond investors looking for high returns.
Ontario and Alberta agree the controversial $12bn Energy East pipeline is a “nation-building” exercise and said they'd work together on the issue.
Canada’s oil industry faces a year of “tough slugging,” including the deferment of many projects, as oil prices collapse to as little as US$30 a barrel then likely stabilize around US$70 to US$75 a barrel, oil entrepreneur Murray Edwards predicted Friday.
This all encompassing chart, straight from Deutsche Bank, summarizes the YTD performance of all major asset classes including stocks, government and corporate bonds, currency markets, gold, and commodities.
Canadian oil sands producers set a target to lower the amount of fresh water used in bitumen processing by 50% by 2022 in a bid to reduce harm to the environment, an industry group said.
When it takes up to four million pounds of sand to frack a single well, it’s no wonder that demand is outpacing supply and frack sand producers are becoming the biggest behind-the-scenes beneficiaries of the American oil and gas boom.
TransCanada Corp’s key projects face increasing hurdles locally and across the border.
Over the past few weeks the price of crude has dropped significantly, and with it we’ve seen significant discussion of the continued viability of oil sands projects.
Vancouver-based Fraser Institute’s annual Global Petroleum Survey 2014 is out.
Casey Research energy strategist Marin Katusa cautions that Russia and China have forged an alliance with the goal of world supremacy through control of the energy market and Vladimir Putin is winning.
When a businessman of the calibre of Brett Wilson grants CEO.ca an interview, we aren’t going to waste his time with softball questions.
Being eligible for “enhanced Government of Canada economic diplomacy.”
About 1,200 Aboriginal communities are located within 200 kilometres of approximately 180 producing mines.
While most senators support the pipeline, a binding vote has not been held in the Senate under a Democratic majority since 2012.
Angelos Damaskos, principal adviser of the Junior Oils Trust, admits that he finds the recent collapse in oil price a mystery. Nonetheless, he has no doubt that demand will compel higher prices in the medium and long term.
Veto likely if passed by Congress.
Get Mining News and Alerts
sent to your inbox daily