Oil Sands Mining News

Husky’s oilsands project back on track after Fort McMurray wildfire

Husky Energy says its thermal oilsands project that was shut down while wildfires swept through the Fort McMurray, Alta., region in May is already back to producing bitumen at its previous level.

Husky Energy's progress from downturn clouded by spill into Saskatchewan river

Canada’s No. 3 integrated oil company, reported a smaller-than-expected quarterly loss as the focus on fewer, more efficient resource plays helped reduce production costs.

Did oil kill the dinosaurs?

What killed the dinosaurs? It's a question as old as – well the dinosaurs themselves, and one that everyone from school children to scientists have been asking for decades.

Enbridge to pay $61 million fine for 2010 oil spills in Michigan, Illinois

$177 million settlement announced Wednesday requires action to prevent future spills.

Canadians spent over $32bn in mining acquisitions in first half of 2016

Overall, Canadian deal-making in the first half of the year fell in line with the global cooling down trend that has followed the record valuations of 2015.

Oil sands activist appointed to climate change advisory board in Alberta

The NDP government in Alberta has appointed a well-known climate change activist and anti-oil sands campaigner to co-chair an advisory board on climate change.

INFOGRAPHIC: The volatile history of crude oil markets

The infographic serves as the perfect primer for all the questions about oil that you had, yet were afraid to ask.

Oil industry faces huge worker shortage

Bringing back all of that equipment and personnel is no easy task.

Morgan Stanley warns that rising rig count could undo the rally

Morgan Stanley’s warning that production from the new wells being drilled could prompt a reversal of forecasts that U.S. crude production is falling and will continue to fall.

Bottlenecks expected as more Canadian oil meets tight pipe space

Hundreds of thousands of barrels of new supply will have difficulty finding space in crowded pipelines.

Gold price rally helps producers climb world’s top 25 mining companies list

Study shows there are more bullion miners among higher market capital ranking of mining companies in second quarter of 2016 than a year a go.

Torchlight Energy: Schlumberger testing data shows Orogrande Project highly comparable to Midland Basin

Results were overwhelmingly positive and reflect the substantial upside opportunity in the wildcatter-stage E&P.

Bill Gates and other billionaires backing a nuclear renaissance

The positive side of nuclear energy definitely deserves more attention than it's currently getting.

Breakthrough in oil sands tech could transform the industry

MCW Energy positions itself on the right side of history, breaching a major gap between industry and environment and taking yet another step toward reaching new markets with its clean tech.

INFOGRAPHIC: Silver skyrockets post-Brexit, energy is back!

Energy had an impressive comeback in Q2, with natural gas and oil being the best performing commodities of the quarter.

Long term outlook for Canadian oil sands looks bright

In mid-June CAPP released its annual Crude Oil Forecast, Markets and Transportation study. It is actually pretty good news considering the current state of the industry because it shows continued production growth through 2030.

Canada oil sands output to grow 1 million barrels daily by 2025

The 42%-growth to 3.4 million barrels per day by 2025 will come from the expansion of existing facilities rather than new projects, IHS says.

BHP hikes exploration spending, to focus mostly on copper, oil

It will raise its annual exploration spending by 29%, allocating nearly all its $900 million budget to finding new copper and oil deposits in the fiscal year beginning next month.

Move over oil – lithium is the future of transportation

Just a few years ago, we would have scoffed at the idea that electric vehicles could be mainstream anytime soon, or that the global appetite for lithium-ion batteries and mass power storage would be so voracious, and so sudden.

The world's 50 most valuable mining companies

Combined these mining and metal giants are worth $700 billion with operations in every corner of the world.

Oil prices send sell signal

Technical analyst Jack Chan believes a correction in oil prices is underway, and advises investors to use caution in a vulnerable market.

Electric vehicles have the potential to be a significant disruptive force for commodities markets

Tesla Model 3 promises to move electric cars from niche to mainstream, spurring larger electric car adoption in transport, according to Wood Mackenzie’s latest research.

Fort McMurray lost oil sands production could reach $1.4 billion

Analysts say lost oilsands production from the Fort McMurray wildfire could top 30 million barrels and cost the industry upwards of $1.4-billion.

Decision on TransCanada's Energy East closer than ever as federal board begins review

The East Energy pipeline is expected to generate $55 billion in economic benefit for Canada and create over 3,300 operational jobs across the country.

Cenovus bumps up caribou protection project with $32M investment

The company aims to replant forests along old access roads and seismic lines in an area covering 3,900 square kilometres — more than 10 times what it accomplished through its early-stage work.