Oil Sands Mining News

3 years of painful cuts sets markets up for serious supply crunch

Total global oil production could decline for the next several years in a row as scarce new sources of supply come online.

Suncor restarts operations after wildfire evacuation

Suncor Energy (TSX, NYSE:SU) on Sunday announced the "safe and staged restart" of its oilsands operations after an approaching wildfire forced the company to abandon its camps north of Fort McMurray.

Oil climbs over $50: Can investors bank on a recovery?

The price of a barrel of oil has almost doubled from its low of $28 at the start of the year, prompting speculation that a recovery is underway.

Boom in private debt financing for mining

Australia's Taurus raised $683m to invest in mining company debt last year, while two funds currently in the market are targeting investor capital of $800m.

Gold price rally boosts Canada’s mining sector growth

Strong performance also came on the back of strategic initiatives, such as non-core asset sales, aggressive cost control measures and a disciplined approach in reducing debt.

Crude falls as Canada to resume oil sands output after fires

Cooler weather is helping to control a blaze in Canada’s oil sands region and allowing Suncor Energy Inc. and Syncrude Canada Ltd. to start getting back to work.

Fort St. John's pro-LNG campaign example of real social licence

Community support for the project a test for Trudeau government.

Wildfire hitting Canada’s oil sands heart gets closer to major plants

Situation has forced some companies to abandon plans laid last week to restart production.

Copper price won't lag spiking oil for much longer

China's spending on infrastructure is being front-loaded and should translate into significantly higher copper demand later in the year.

Canadian oil sands camps evacuated as wildfire shifts north

Forest fires in Northern Alberta have forced additional evacuations at several major operations.

Oilsands around Fort McMurray to fly workers in and out of sites to get operations restarted quickly

Several major producers including ConocoPhillips Canada, Canadian Natural Resources, and others, may be able to resume operations faster than many would have thought, though there are logistical challenges.

Enbridge back in the black as oil shipments rise

Canada’s largest pipeline company's first-quarter profit rose as record volumes carried on its main pipeline system helped shield it from a sustained drop in oil prices.

Crowdfunding campaign established for Fort McMurray residents

Glacier Media is donating $50,000.

CHARTS: The May mining and metals meltdown

Seven trading days in and already global mining investors are nursing double digit declines as everything from copper to met coal to silver take a beating.

A mea culpa for not recognizing the 2011 resource bubble

"But, alas, I was fooled."

BHP resumes expansion plans, says not waiting for prices to recover

Strategic shift comes as the world's biggest miner tries to regain investors' confidence.

Heart of Canada’s oil sands industry saved from fire's worst

Companies and authorities now discussing plans to resume production.

Major correction underway for mining stocks

Monday mayhem as metals rally evaporates and mining's top names are dumped – Anglo's losses since a week ago now 28%, Freeport has plunged 25%.

Chart of the week: Oil bankruptcy mayhem

Total debt of newly bankrupted energy companies is soaring each month

Canadian crude prices surge as fire hits Shell, Suncor output

The worst wildfire in Alberta history is boosting Canadian crude prices as oil companies evacuate workers and shut in as much as 1 million barrels a day of output.

Oil companies offer assistance to residents affected by Fort McMurray fires

Oil companies are reducing production to allow families to evacuate.

Canada’s oil sands cuts production as wildfire forces mass evacuation

The fire is the latest blow to a community already hit by slumping oil prices that have forced producers to halt projects and lay off hundreds.

Teck Resources goes from dud to darling as coal makes a comeback

The company's shares have almost tripled this year, making it the best-performing global miner amid the rebound in commodity prices and a projected fivefold improvement in earnings.

Low prices for oil cure low prices for oil

Veteran investor Bob Moriarty discusses one company that is poised to benefit from the volatililty in the oil markets.

Wildfire forces state of emergency, evacuation in Fort McMurray

The blazes are not located near any major oil sands operations.