Oil Sands Mining News

Canada's energy future to be propelled by technological innovation

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.

IEA: Renewables growth is stalling

Renewable energy deployment stalled out last year, raising alarm bells about the pace of the clean energy transition.

Trading houses caught in crossfire of Russian oil contamination

Trading houses Vitol, Glencore and Trafigura are caught in the crossfire between Russian oil producers and Western buyers.

Norway is using its wealth to lead an exodus from coal

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 holds above $60 as supply concerns counter Trump trade talk

Oil recovered from early declines after U.S. President Donald Trump threatened to escalate his trade war with China.

How Russia contaminated $2.7B of oil exports to Europe

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.

Expect cascade of mining M&A — PwC's Braunsteiner

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.

Canadian miners start 2019 off on the right foot amid mega-deals

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.

Top miners back autonomous systems guidelines

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.

Can Saudi Arabia still sway the oil market?

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.

Teck Resources beats profit estimates on energy business

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.

Kenney win puts maligned Trudeau pipeline law under new pressure

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.

Canadian exporters continue to struggle even with rising oil

Canada recorded smaller trade deficits than expected in the first two months of 2019 on a rally in oil prices.

The pipeline Canada doesn't know

World’s largest CO2 pipeline is being built in Alberta, but underground sequestering of carbon gets little love from governments.

Wildcatters of the prairies get big boost from Alberta oil cuts

One group of Canadian oil producers is gaining from the output cuts imposed by Alberta: the small explorers.

Anti-Trans Mountain pipeline funds flow from unexpected sources

Well-funded environmental groups opposed to Trans Mountain received NEB funding.

​Canadian oil outlook ‘significantly deteriorated’: International Energy Agency

With Canadian oil prices under pressure and so much uncertainty regarding new takeaway capacity, companies have been reluctant to launch new projects.

BHP injects $6m into emissions reduction company

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.

Enbridge pipeline delay punishes oil sands producers' shares

Cenovus Energy Inc., MEG Energy Corp. and Canadian Natural Resources the most affected.

Devon Energy pulling out of Canada

Devon expects to complete its pullout from Canada by the end of this year.

Canadian miners had a tough 2018, but optimism remains — EY

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.

Teck misses Q4 profit estimates on lower copper, zinc and oil prices

Canada’s largest diversified miner saw its quarterly profit drop 41.5 % from the year earlier, amid lower prices for copper, zinc and oil.

Is Bill C-69 Canada's oil sands killer?

Senator Doug Black, a former Conservative in the Upper Chamber who now sits as an independent, thinks so.

Teck Resources flags fourth-quarter profit coming below estimates

EBITDA will be down by about $148 million.

EY appoints new global mining and metals leader

Paul D. Mitchell has been named the new EY global sector leader for mining and metals.