According to PwC Canada, there are two main factors that could catalyze change for the oil and gas industry: a national energy strategy as well as further technological innovation.
Oil Sands Mining News
Renewable energy deployment stalled out last year, raising alarm bells about the pace of the clean energy transition.
Trading houses Vitol, Glencore and Trafigura are caught in the crossfire between Russian oil producers and Western buyers.
A law set to pass in June will see the Norwegian Oil Fund divest more from coal, and invest over $20B in renewable energy.
Oil recovered from early declines after U.S. President Donald Trump threatened to escalate his trade war with China.
For 10 days, refiners and oil firms in Europe cut purchases of Russian oil by up to a million barrels a day after finding out crude from the Druzhba pipeline network was heavily contaminated.
Recent mergers and acquisitions have brought the industry back into the spotlight, after years of speculation around how the sector could regain power, PwC's Canadian Mine report notes.
Ernst & Young’s Canadian Mining Eye index — which tracks the performance of 100 Toronto Stock Exchange and TSX Venture Exchange mid-tier and junior mining companies — rose 5% fin the January-March period.
The document divides operations into six levels, from zero (entirely manual) to five (fully autonomous), and assists in the preparation of a business case for autonomous mining, depending on level and needs.
Saudi Arabia, the world’s top oil exporter and OPEC's largest producer, has influenced the oil market and oil flows since the middle of the 20th century.
The world's second-biggest exporter of steelmaking coal posted an adjusted profit of C$568 million ($425.12 million) for the quarter ended March 31.
A trio of proposed laws affecting pipeline, environmental and oil shipping laws are working their way through Canada’s Senate as Trudeau’s Liberals gear up for an October election.
Canada recorded smaller trade deficits than expected in the first two months of 2019 on a rally in oil prices.
World’s largest CO2 pipeline is being built in Alberta, but underground sequestering of carbon gets little love from governments.
One group of Canadian oil producers is gaining from the output cuts imposed by Alberta: the small explorers.
Well-funded environmental groups opposed to Trans Mountain received NEB funding.
With Canadian oil prices under pressure and so much uncertainty regarding new takeaway capacity, companies have been reluctant to launch new projects.
Move is part of an increasing wave of investment by mining and energy groups into technologies that suck carbon dioxide directly from the atmosphere and use it to make synthetic fuel.
Cenovus Energy Inc., MEG Energy Corp. and Canadian Natural Resources the most affected.
Devon expects to complete its pullout from Canada by the end of this year.
Ernst & Young’s Canadian Mining Eye index, which tracks the performance of 100 Toronto Stock Exchange and TSX Venture Exchange mid-tier and junior miners — dropped 2% in the last quarter of 2018.
Canada’s largest diversified miner saw its quarterly profit drop 41.5 % from the year earlier, amid lower prices for copper, zinc and oil.
Senator Doug Black, a former Conservative in the Upper Chamber who now sits as an independent, thinks so.
EBITDA will be down by about $148 million.
Paul D. Mitchell has been named the new EY global sector leader for mining and metals.