Alberta Mining News

Teck Resources down despite better profit in Q4

The firm, North America's No.1 producer of coking coal, said the boost in profit was mainly thanks to the reversal of an impairment charge related to an improvement in the outlook for steelmaking commodity.

Suncor Energy hikes stake in Syncrude in $730 million deal

Canada's largest energy producer also buys into Norwegian Sea oil project.

Suncor Energy implements first commercial fleet of autonomous haul trucks in the oil sands

Over the next six years, the company expects to deploy more than 150 autonomous haul trucks in the full program, which will be one of the largest investments in electric autonomous vehicles in the world.

Canada’s Fort Hills oil sands project delivers first bitumen

Project is on track to reach 90% of capacity — or 194,000 barrels per day — by the end of the year.

TransCanada gets enough commercial support to go ahead with Keystone XL

Company said having route approval in Nebraska and the necessary commercial support for the pipeline brings it closer to a final investment decision.

Osum Oil Sands to double capacity at Alberta site

The company's CEO said they are moving closer to their goal of producing 20,000 barrels per day at Orion.

Enbridge, Michigan reach deal to boost pipelines safety, protect the Great Lakes

Agreement aims at boosting the safety of twin pipelines beneath the waterway where Lakes Huron and Michigan converge.

Nebraska OK's Keystone XL Pipeline, but more obstacles in the horizon

State has approved controversial project but insisted on alternative route, could add further complications.

Suncor Energy's Steve Williams appoints Mark Little as chief operating officer

Steve Williams, chief executive officer at Suncor, today announced the appointment of Mark Little, currently president, Upstream, as chief operating officer (COO).

Suncor Energy and PetroNor announce agreement for equity partnership

Suncor and PetroNor today announced the purchase by Suncor of a 41% equity interest in PetroNor, a petroleum products distributor across the James Bay and Abitibi-Témiscamingue regions of Quebec.

Cenovus posts smaller loss as production more than doubles

Company lost $69 million in its latest quarter as it more than doubled its production compared with a year ago.

TransCanada veteran Alex Pourbaix to lead Cenovus

Pourbaix replaces Brian Ferguson, who announced his retirement earlier this year following Cenovus’ $17.7 billion acquisition of oil sands and natural gas assets from ConocoPhillips.

Canada's oil sands survive, but can't thrive in a $50 oil world

Canada’s oil sands producers are stuck in a rut.

Environmental group’s office raided to collect for Enbridge

After sending court bailiffs to seize property from Stand.earth, Enbridge backed off, saying it will not seize property after all.

Sherritt International fined $1 million for coal mine spills in Canada

Sherritt pleaded guilty in the Provincial Court of Alberta to three counts of contravening the Fisheries Act.

Big trucks, dead ducks put Alberta's oilsands under environmental scrutiny

Two things helped make Alberta’s oilsands a top North American environmental concern — ducks and trucks.

Total to wait for better oil prices before selling Canadian assets

CEO Patrick Pouyanne said the company’s priority was "value over volume", adding that oil sands were among the high breakeven projects in Total's portfolio.

Canada’s Cenovus to sell Suffield assets in Alberta for $512m

The sale of the Suffield assets to to International Petroleum Corporation is expected to close before the end of the year.

Canada does not need more oil sands pipelines, report claims

A report by the Centre for International Governance Innovation argues the global push to reduce carbon emissions over the next three decades will reduce the size of future oil markets.

These three major oil sands projects are almost done

All three projects are now over 95% built and transitioning into start up.

Canadian energy firms push alternatives to oil sands

Western Canada's conventional energy producers are looking to step out of the long shadow cast by the oil-sands sector to tout the economic and environmental benefits of light oil and natural gas development.

Do we really want Canada's energy sector to come back – ever?

The energy sector accounts for a significant part of Canada’s prosperity. The industry is the single largest private sector investor, employing more than 425,000 people.

Canada’s Alberta forks over $50 million for emissions cuts at oil sands

Another $30 million will go to help fund 12 projects that tackle methane emissions in the province.

Quebec's economy benefits from Canada's oil sands: study

The study found Canada's oil sands had a substantial impact on Quebec's economy in terms of employment, gross domestic product (GDP) and tax revenue, in a 12-month period between 2014 and 2015.

Cenovus CEO to retire as company sells up to $5bn in non-core assets

News come as the Calgary-based firm is trying to win over investors upset by its $17.7-billion acquisition of oil sands and natural gas assets from ConocoPhillips Co.