Oil Sands News

Oil sands mining and investment news

Alberta's new emissions levy costly — Canadian energy industry

Cecilia Jamasmie | June 26, 2015
Alberta's new emissions levy costly — Canada’s energy industry

By 2017, large emitters will have to reduce the intensity of greenhouse gases by 20%, while carbon levies will double from $15 a tonne to $30 a tonne.

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.

Coal-fired power plants feel the heat of Alberta’s new carbon tax rules

Financial Post | June 26, 2015

Industry actors such as the CEO of Capital Power Corp. are worried Alberta could force the early retirement of coal-fired power plants.

Dismal state of TSX-V in two crushing graphs

Frik Els | June 25, 2015
Dismal state of TSX-V in two crushing graphs

Bear market is more than 1,000 days old and nearly 1,200 companies have dropped off the Toronto venture market.

Study finds elevated greenhouse gases from Canadian oil sands' crude

NASDAQ OMX | June 24, 2015

A new peer-reviewed study funded by the U.S. Department of Energy says oil extracted from Canada's oil sands produces greenhouse-gas emissions that are an average 20% higher than for conventional U.S. crude.

The world is awash in oil — is Canada making it worse?

CBC News | June 23, 2015
EU spares Canadian oil sands the ‘dirty fuel’ label

Collectively, Canada's energy sector lost more than $600 million in the first three months of this year, and the Canadian economy shrank in the same period, as the collapse in oil prices took its toll.

Low prices and rising global political will are shifting future of the oil sands

Globe and Mail | June 22, 2015

Collapsed prices, a looming recession, calls for a development moratorium, halting federal action on emissions – the oil sands are under pressure on many fronts.

Oilprice.com

The dark side of the shale bust

Oilprice.com | June 16, 2015
Aussie mine managers to face jail over site deaths

The fallout of the collapse in oil prices has a lot of side effects apart from the decline of rig counts and oil flows.

Imperial Oil begins production at Kearl oil sands as expansion completed early

Cecilia Jamasmie | June 16, 2015
Imperial Oil begins production at Kearl oil sands as expansion completed early

Production is expected to reach 110,000 barrels per day, bringing total production to 220,000 barrels per day.

Platts Survey: OPEC pumps 31.11 million barrels of crude oil per day in May

Platts | June 15, 2015
OPEC oil

Oil production from the Organization of the Petroleum Exporting Countries (OPEC) totalled 31.11 million barrels per day (b/d) in May, up 180,000 b/d from April and the group's highest monthly volume since October 2012, according to the latest Platts survey of OPEC and oil industry officials and analysts.

Oilprice.com

Busting the "Canadian Bakken" myth

Oilprice.com | June 11, 2015
northwest territories

ConocoPhillips and Husky have both suspended exploration in the play, scared off by the oil price rout.

US probes banks for silver, gold price manipulation

Frik Els | June 10, 2015
US probes banks for silver, gold price manipulation

The US Department of Justice is investigating possible price manipulation of gold, silver and crude oil benchmarks by Wall Street financial institutions.

EPA releases EJSCREEN, an environmental justice screening and mapping tool

Today, the U.S. Environmental Protection Agency (EPA) released EJSCREEN, an environmental justice screening and mapping tool that uses high resolution maps combined with demographic and environmental data to identify places with potentially elevated environmental burdens and vulnerable populations.

World Coal Association urges G7 leaders to invest more in cleaner technologies

MINING.com Editor | June 10, 2015
World Coal Association urges G7 leaders to invest more in cleaner technologies

The industry body said that instead of fighting fossil fuels, industrialized nations should try to make them cleaner.

ExxonMobil releases five-point plan for best practice grease selection

ExxonMobil | June 9, 2015
RedGreaseThumb

Helpful hints have the potential to increase machine uptime and reduce operating costs

Investment in Canada’s oil sands to fall more than 30% this year

Cecilia Jamasmie | June 9, 2015
Investment in Canada’s oil sands to fall more than 30% this year

Meanwhile, the country’s overall oil production is expected to reach 5.3 million barrels a day by 2030, which is 1.1 million barrels per day lower than last year's expectations.

Enbridge to pay $4 million over 2010 Kalamazoo oil spill in Michigan

Cecilia Jamasmie | June 8, 2015
Enbridge to pay $4 million over 2010 Kalamazoo oil spill in Michigan

The proposed sum is on top of the $75 million the firm agreed to pay to Michigan last month.

How Canada’s oilsands are paving the way for driverless trucks — and the threat of big layoffs

Financial Post | June 8, 2015

The 400-tonne heavy haulers that rumble along the roads of northern Alberta’s oilsands sites are referred to in Fort McMurray as “the biggest trucks in the world,” employing thousands of operators to drive the massive rigs through the mine pits.

G7 agrees to phase out fossil fuels by end of the century

Cecilia Jamasmie | June 8, 2015
G7 agrees to phase out fossil fuels by end of the century

U.S., Canada, Germany, France, the UK, Japan, and Italy agreed to cut greenhouse gases by phasing out the use of fossil fuels by the end of the century.

Most US mining and natural resources jobs lost in six years

Frik Els | June 5, 2015
Most US mining and natural resources jobs lost in six years

Mining and logging was the big exception in Friday's payroll numbers with 18,000 jobs lost in May, the worst month since the global financial crisis.

BlackPearl Resources aim to beat oilsands curse

Calgary Herald | June 5, 2015

Junior oil sands companies have been falling like dominoes lately, but that doesn’t mean the species is doomed, says the CEO of BlackPearl Resources Ltd., insisting his junior oilsands company will survive and thrive despite current low oil prices and unfavourable capital markets.

Using satellites to move millimetres of earth

MINING.com Editor | June 5, 2015
finning remote sensing technology road grader

A 40 to 60 per cent increase in productivity.

Oilprice.com

The evolution of the oil weapon

Oilprice.com | June 4, 2015

In the age of derivatives, swaps, and electronic money transfers, a new form of warfare has emerged: financial warfare.

Fracking has no 'widespread' impact on drinking water — EPA

Cecilia Jamasmie | June 4, 2015
Fracking has no 'widespread' impact on drinking water — EPA

But findings could have been limited due to insufficient amount of data and the presence of other possible contaminates that made it impossible to conclude fracking's effects on certain areas, says EPA.

Chile may be China’s next competitor in the rare earths market

Cecilia Jamasmie | June 4, 2015
Chile may be China’s next competitor in the rare earths market

Chilean company Mineria Activa is stepping up efforts to grab some of that market in a much greener way than China,

The world’s top 40 miners saw returns hitting decade-low in 2014 — report

Cecilia Jamasmie | June 4, 2015
The world’s top 40 miners saw returns hitting decade-low in 2014 — report

They shed $156 billion in market value last year, or about 16% of their combined worth, according to PwC.

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