Oil Sands Mining News

Coal rally, cost cuts help Teck Resources swing to profit

The mining giant, North America's largest producer of steel-making coal, has raised its production forecast for the year.

Auspice Capital Advisors launches GAS – the only ETF tied to Canadian natural gas globally

Investors and market participants can now actively monitor and speculate outright on the price of Canadian natural gas.

Oilsands producers face looming bottleneck, even with Trans Mountain pipeline expansion

Oilsands producers are likely to face a pipeline shortage in coming years, even amid growing optimism that a major pipeline could soon receive federal approval and ease industry’s pipeline constraints.

Oil prices to rise in 2017: World Bank

The new forecast is a response to OPEC's decision to limit production after a long period of unrestrained output.

BHP Billiton to lose chairman Jac Nasser next year

He said he had intended to announce his retirement last year but chose to stay on while BHP dealt with the aftermath of the Samarco mine disaster in Brazil.

Tires are a top five cost for a miner

KalTire Canada's VP of Operations talks about company's innovations when it comes to monitoring, changing and recycling tires.

World’s top miner BHP Billiton finally sees signs of recovery in mining

BHP is not the first major player to flag green shoots in the mining industry. Caterpillar, the world's largest heavy machinery maker, said the same last month.

Suncor and MCFN announce agreement for equity partnership in East Tank Farm Development

Suncor and Mikisew Cree First Nation today announced the signing of a participation agreement for the purchase by MCFN of a 14.7% interest in Suncor's East Tank Farm Development.

Positive signs put Canadian junior miners in a good position for recovery – PwC report

Investors have seen a rise in the market capitalization of top junior mining companies on the TSX Venture Exchange by more than 100% compared to last year.

Canada’s oil industry to lose $10 billion this year

The Conference Board of Canada also expects the oil industry’s losing streak to last three years, from the last quarter of 2014 through to the second quarter of 2017.

Canada’s federal government to impose carbon price on provinces

Feds plan to establish a “floor price” on carbon pollution of $10 a tonne in 2018, rising to $50 a tonne by 2022.

Despite funding shortfall, US Oil Sands aiming for Q4 start-up

Calgary-based US Oil Sands is seeking over $6 million by year-end to finish $62.5-million project.

Precious metals, nickel, zinc likely to outperform over next 2 years — analysts

The commodity research teams at Macquarie and Barclays, however, are not as optimistic when it comes to potash, aluminum and steel.

Enbridge selling major Saskatchewan pipeline system in Cdn$1 billion deal

Cash from the sale will be used to proceed with the takeover of Spectra Energy and fund other growth projects.

Market volatility means cash is king for mining and metals companies

Cash optimization, capital access and productivity top EY’s 2016-17 business risks.

Oil soars 6% as OPEC reaches deal to limit output in November

Brent crude was up $2.76, or 6%, at $48.73 a barrel.

Where will oil prices go after Algiers?

The outcome of negotiations in Algeria this week may not do much to rescue oil prices.

Oil sands surplus jamming up pipelines to U.S., pushing more crude into rail cars

Canada is sending a record amount of oil to the United States, filling pipelines to capacity and threatening to push more crude into rail cars.

Frack Sand: The unsung hero of the OPEC oil war

The late-2014, Saudi-initiated oil-price war may have taken the 'boom' out of the US shale industry as it seriously threatened OPEC market share, but Saudi victory has been elusive.

Suncor to take $80 million hit after Nova Scotia project found non-commercial

The charge is related to the first exploration well of its joint venture in the Shelburne basin, south of Nova Scotia.

Northern Gateway will not appeal Federal Court of Appeal decision that reversed project approval

Natural Resources Minister Jim Carr has until Thursday to make a decision.

How oil is formed

Does the oil we use today originate from the remains of dead dinosaurs? No, but the actual answer is just as interesting.

North Montney pipeline gets extension

Sunset start clause for the pipeline tied to Petronas LNG project extended from June 2016 to June 2017

Canada OK’s three new oil sands projects

The proposed operations, worth about $3 billion in potential investments, could add up to 95,000 barrels of oil per day to current output.

Spectra expanding pipelines in Northeast British Columbia

The energy company is making the move as an acquisition by Enbridge looms.