Oil Sands News

Oil sands mining and investment news

The fossil fuelled economy

Builtvisible | April 22, 2015
Colleen - sea, oil, oilfield, fuel, petroleum, production, gas, steel, pipe 333

The price of oil has historically had a huge affect on the global economy but how does it impact on our lives in general?

Oil production slowdown looks to benefit oilsands crude

Calgary Herald | April 26, 2015

Western Canadian Select crude, North America’s best-performing grade in the past month, may strengthen further as reduced drilling frees up pipeline space for oil sands producers.

Half of U.S. fracking companies will be dead or sold by the end of this year

Bloomberg | April 23, 2015

Half of the 41 fracking companies operating in the U.S. will be dead or sold by year-end because of slashed spending by oil companies, an executive with Weatherford International Plc said.

Oilprice.com

Is this where investors should be looking when oil recovers?

Oilprice.com | April 22, 2015

When oil prices recover-and plenty of analysts think the climb back up will start soon-Canada's western frontier of Saskatchewan and neighboring Alberta will 'still have the edge', according to a report from TD Economics.

Why Kal Kotecha is still sticking with his New Year's resolution

The Gold Report | April 21, 2015

Kal Kotecha, founder and editor of Junior Gold Report, says now is the time to be buying resource stocks, especially gold equities.

Halliburton lays off 9,000 workers

Michael Allan McCrae | April 20, 2015
oil worker hiring hays feat

Oil industry downturn is "unprecedented".

Oilprice.com

Has the U.S. reached "peak oil" at current price levels?

Oilprice.com | April 19, 2015

Last night the EIA once again capitulated on the myth that rig counts don't matter and the productivity of wells would largely offset, leaving the industry on a continuous path to higher output.

World Bank financing fossil fuel-related projects, while calling to end subsidies — report

Cecilia Jamasmie | April 17, 2015
World Bank financing fossil fuel-related projects, while calling to end subsidies — report

Study shows the bank offered $3.4bn in loans, grants, guarantees, risk management and equity for fossil fuel-related projects for the 2013-14 financial year.

Oilprice.com

The game-changing water revolution: Interview with Stanley Weiner

Oilprice.com | April 15, 2015
colossus minerals dewatering

Globally, water demand is threatening to dangerously outpace supply, while in the US, dry states such as Texas and California are suffering from shortages and the future forebodes more suffering.

Canadian Oil Sands Ltd ripe for takeover — and Imperial Oil Ltd is the most likely suitor: analyst

Postmedia News | April 14, 2015

The company with the largest stake in oilsands miner Syncrude Canada is a prime takeover target and its most likely suitor is the company with the second-largest stake, according to a research report published Monday.

Oil sands expansion and carbon reduction policies are mutually exclusive: report

Cecilia Jamasmie | April 13, 2015
Oil sands expansion and carbon reduction policies are mutually exclusive: report

Study argues Alberta’s emissions would be roughly equal to Ontario, Quebec and British Columbia combined by 2020.

Oilprice.com

Top 12 media myths on oil prices

Oilprice.com | April 9, 2015
Oil

The upstream oil and gas industry is not a black hole. There's no mystery wrapped in an enigma here.

Signs of life for mining M&A

Cecilia Jamasmie | April 8, 2015
Wave of mining deals expected this year amid commodity rout — report

Mining transactions almost doubled last year and the trend is likely to stretch over 2015, as lower commodity prices are making some unprofitable.

Mining top executives the gloomiest of all: report

Cecilia Jamasmie | April 3, 2015
Mining top executives the gloomiest of all: report

Despite the overall pessimism, mining CEOs remain just as confident on their own company’s growth as they were in previous years.

Chen Lin sees buying opportunity of a lifetime in energy stocks

The Energy Report | April 2, 2015
Chen Lin sees buying opportunity of a lifetime in energy stocks

After correctly predicting $47/bbl oil last year, Chen Lin is licking his stock-picking chops at the bargains now available.

TransCanada Corp won’t be building Quebec Energy East terminal because of whales

Canadian Press | April 2, 2015

TransCanada Corp. (TSX:TRP) confirmed Thursday that it no longer plans to build a terminal at Cacouna, Que., as part of its Energy East pipeline project, but says it’s looking for potential alternatives in the province.

BlackGold oil sands project on hold, Harvest cuts 105 jobs

Calgary Herald | April 2, 2015

Korean-owned Harvest Operations Corp. has cut 105 jobs and will delay start-up of its 10,000-barrel-per-day BlackGold thermal oilsands project until benchmark New York oil prices improve to above $60 US per barrel.

Blood in the oil sands: Boom and bust in Alberta

Business in Vancouver | April 1, 2015
Blood in the oil sands: Boom and bust in Alberta

Two oil towns that have defined Alberta’s resource – and real estate – boom now show how fast the bloom can fade.

Vale CEO Murilo Ferreira to lead Petrobras

Cecilia Jamasmie | March 27, 2015
Vale: Iron ore price to improve second half of the year

Vale's Murilo Ferreira has been nominated as Petrobras' next board chairman, while the company still scrambles to deal with the fallout from a vast corruption scandal.

PetroChina wants to smoothly sail away from the oil sand business

Cecilia Jamasmie | March 27, 2015
PetroChina wants to smoothly sail away from the oil sand business

The oil giant is “actively engaged” in talks to swap North American assets, mostly Canadian, with international oil companies.

With expertise and a little luck, East West petroleum reels in profits despite oil price plunge

The Energy Report | March 27, 2015

CEO David Sidoo tells The Energy Report how shrewd joint ventures and a firm commitment to low costs have led to highly profitable wells in New Zealand and significant upside in Romania.

Alberta’s oil drillers brace for traditional spring slowdown to stretch until next fall — or longer

Financial Post | March 27, 2015

With world oil prices stubbornly stuck at around US$50 per barrel, Western Canada’s weather-related spring drilling slowdown could easily last until next fall — or longer.

Energy regulator staff probed over handling of TransCanada safety violations

Cecilia Jamasmie | March 25, 2015
Energy regulator staff probed over handling of TransCanada safety violations

The Association of Professional Engineers and Geoscientists of Alberta (APEGA) probe centres on the alleged mishandling of claims of natural gas pipeline violations at TransCanada by engineers working for the energy regulator (NEB).

Oil sands improving on environment, but new technology takes time

Canadian Press | March 25, 2015
canadian-oil-sands-producers-hike-output-despite-dim-crude-price - 333

It’s a seemingly small thing, the matter of a dozen or so degrees difference in the water temperature during one part of the lengthy and complex process of squeezing oil from Alberta bitumen.

Here is what it looks like when mining trucks drive across frozen lakes

NASA Earth Observatory | March 24, 2015
Here is what it looks like when mining trucks drive across frozen lakes

In the farthest reaches of northwestern Canada, there are few people and fewer roads. When winter comes, fuel, explosives, and heavy equipment move north in an unusual way: via trucks driving on frozen lakes.

Why are young workers shunning the oil sands?

The Tyee | March 24, 2015

An annual survey of the oil and gas workforce has revealed a surprising trend.

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