Oil Sands News

Oil sands mining and investment news

$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.

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.

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.

Canada-owned oil sands mine in Utah to begin producing in fall

Cecilia Jamasmie | July 24, 2015
Canada-owned oil sands mine in Utah to begin producing in fall

Calgary-based U.S. Oil Sands is working through the summer to complete a 2,000-barrel-per-day oil sands mine in eastern Utah, one of the country's first commercial operation of this kind.

Mining firms should act now to stay ahead of local content rules

Achilles | July 24, 2015
Mining firms should act now to stay ahead of local content rules

Global miners could be at risk of losing valuable exploration and operating licences unless they step up their efforts to award work to suppliers in the locality of contracts.

Coal slump hits Teck’s profit, output forecast

Cecilia Jamasmie | July 23, 2015
Coal slump hits Teck’s profit, output forecast

The Vancouver-based miner profit fell 21% in the quarter, making it adjust its 2015 coal production forecast to 25-26 million tonnes from 26.5-27.5 million tonnes.

Oilprice.com

More job losses coming to U.S. shale

Oilprice.com | July 22, 2015

Surprisingly, a recent IHS study had revealed that the U.S. shale sector has been boosting job creation in addition to supporting around 1.7 million jobs in U.S.

Cecilia Jamasmie

Nexen’s oil sands pipeline leak one of Canada’s largest ever

Cecilia Jamasmie | July 17, 2015
Nexen’s oil sands pipeline leak one of Canada’s largest ever

A day after reporting a significant jump in the number of pipeline failures, the Alberta Energy Regulator is now investigating one of the biggest ruptures in the province in years.

Oilprice.com

The multi-trillion dollar oil market swindle

Oilprice.com | July 15, 2015
Apache claims Australia's biggest oil find in 30 years

These distortions, which are affecting price through media hype and/or direct/indirect price manipulation, are quite possibly the largest in financial history.

Suncor Energy tests use of radio waves instead of water at oil sands

Cecilia Jamasmie | July 14, 2015
Suncor Energy tests use of radio waves instead of water at oil sands

Instead of high-pressure steam, Canada's largest oil and gas producer wants to send radio waves down to heat the bitumen.

Baby Steps: Mackie's Bill Newman finds oil & gas plays that produce no matter what

The Energy Report | July 14, 2015

Volatility in the oil and gas markets continues, with prices plunging yet again in the recent chaos surrounding Greece's default negotiations and other global political and economic uncertainties.

Oilprice.com

OPEC, get ready for the second U.S. oil boom

Oilprice.com | July 14, 2015
US energy boom jeopardized, larger shale oilfields found

What OPEC countries fear most is a follow-up technological revolution that will lead to a second oil boom in the U.S., and that fear is now being realized.

Teck Resources delays Frontier oil sands project by five years

Globe and Mail | July 12, 2015

Teck Resources Ltd. is delaying the planned startup of a multibillion-dollar oil sands mine by at least five years, becoming the latest company to push back development as shaky energy markets threaten profits in the high-cost sector.

UN Human Rights unit roasts Canada over mining, aboriginal treatment

Cecilia Jamasmie | July 8, 2015
UN Human Rights unit roasts Canada over mining, aboriginal treatment

The human rights committee is currently meeting in Geneva, Switzerland, ahead of finalizing its report and is hearing from Canadian non-government groups, including Amnesty, and from the federal government.

Proven and productive: BNK Petroleum pumps growth from shale properties

The Energy Report | July 7, 2015

BNK Petroleum Inc. operates on some very productive property in the Oklahoma oil and gas shale and is making progress on developing shale resources in Europe.

Oilprice.com

Is Saudi Arabia leaving the U.S. behind for Russia?

Oilprice.com | July 7, 2015

The news from the recent St. Petersburg Economic Forum, which took place from June 18 to 20, inspired a torrent of speculation on the future direction of energy prices.

These are the top business risks mining and metals firms face

Cecilia Jamasmie | July 7, 2015
These are the top business risks mining and metals firms face

Getting — and keeping — a social license to operate, as well as resource nationalism, remain among the top five business risks for the industry.

Investment to plummet 21% in B.C.’s mining, oil sectors in 2015: StatsCan

Business in Vancouver | July 6, 2015
oil and gas subsector best to worst

Investment in equipment, machinery and construction for B.C.’s mining, quarrying, and oil and gas sectors is expected to drop dramatically in 2015.

Oilprice.com

How Canada's emissions cuts could spur Keystone XL pipeline approval

Oilprice.com | July 6, 2015
TransCanada Keystone XL pipeline to cost $8 billion

Ottawa hopes new emissions rules will get the long-delayed Keystone XL pipeline one step closer to US State Department approval.

The World's 7 Largest Developing Liquefied Natural Gas Projects

Mirage Machines | July 1, 2015
LNG

Liquefied Natural Gas Infographic

UNESCO asks Canada to check impact of oil sands projects on national park

Cecilia Jamasmie | July 1, 2015
UNESCO asks Canada to check impact of oil sands projects on national park

The move comes in response to a petition filed by Fort Chipewyan’s Mikisew Cree First Nation last month, asking for help protecting the park.

Oilprice.com

U.S. oil glut an EIA invention?

Oilprice.com | June 29, 2015

In the latest weekly production data from the EIA, on the back of recent March revisions, the U.S. managed to post a 76,000 barrel per day increase in the lower 48.

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