Oil Sands Mining News

Rick Rule – A train wreck is coming in energy

Rick Rule, one of the foremost experts in the Natural Resource Space, convey the dangers and opportunities in oil, gas, and uranium.

Global oil supply could face 4.5 million barrels shortfall — Wood Mackenzie

Current oil oversupply could reverse within 20 years as low oil prices have forced pricers to slash spending on exploration and production, a report by Wood Mackenzie shows.

Stanford University decision to keep fossil fuels holdings triggers uproar

The board of trustees said they didn't believe in divesting from the fossil fuel industry until there are competitive and readily available alternatives.

Forget the Saudis, Texas will win the oil price war

Senate told price needed to start pumping from 6,500 drilled but uncompleted wells in US "much lower than global competitors believe or would like it to be"

Teck Resources posts better-than-expected profit as costs drop

Canada’s largest diversified miner logged a 38% increased in overall profit for the first quarter of the year.

Canada fails environmental test

A resource-dependent economy has its price, and in Canada's case, it means a poor report card for protecting the environment.

CAT chairman pours cold water on mining rally

"It is not clear at this time that the current prices are either sustainable or sufficient".

Shell Pipeline Launches New Interactive Customer Tool

Shell Pipeline Company LP's new, interactive online map tool will help customers learn more about all Shell Pipeline assets and identify new business opportunities.

Here's why some say oil sands producers may never recover

With an oil break-even price of about $80 per barrel, any new oil sands projects will only barely make back their investment.

Did BHP just call the bottom of the mining cycle?

CEO Andrew Mackenzie said over the weekend "the commodities fall has stopped". Not only that – after recent rallies six are back in bull markets.

Here’s how much Canadian miners are currently making

They are definitely making more than those working in forestry, manufacturing, finance and construction.

Canada’s mining industry backs national carbon price

The country's largest mining companies recommend a broad-based carbon price applicable to all sectors of the economy.

CAPP sees 62% decrease in oil and gas spending for Canada

This reduction according to the Canadian Association of Petroleum Producers, is the largest two-year decline since the start of tracking this data in 1947.

$85 crude oil by Christmas – an interview with Mike Rothman

Oil prices may be gyrating up and down, but Mr. Rothman provided some juicy clues for investors, highlighting some key near-term trends for crude oil.

Canada unveils final anti-corruption law for the extractive sector

Estimated to cover the nearly 2,000 natural resource companies whose businesses are registered in Canada or trade on Toronto’s stock exchange.

Alberta shuts oil sands environmental monitoring agency

After report concluded the program was a “failed experiment.”

Freeport's stuck with oil and gas

Copper giant's review of energy division results in axing of executives, but not much more.

TransCanada shuts Keystone pipeline after leak in South Dakota

The Keystone pipeline carries oil south from Canada through eastern North Dakota, South Dakota and Nebraska.

Commodity prices set for significant rebound in 2016: Scotiabank

While commodity prices fell 0.3% in February and 25% year-over-year, the second half of the month saw the beginning of a price rally that is expected to continue throughout 2016, according to Scotiabank’s commodity price index released March 29.

Mining's Q1: The best it's gonna get?

Iron ore rally looks robust, but uranium approaches ten year lows.

Canadian police warn of new scam targeting out-of-work miners

Red Maple Mining hoax has been popping up in a classified ad on the website Kijiji, Ontario officers say.

Breakthrough aircraft to transform remote mining

Lockheed lands $480m customer for aircraft combining power of helicopter, airplane and hovercraft dramatically altering mining and exploration economics.

US lifted the crude oil export ban, and exports went…down

Just over three months after the authorities lifted the four-decade ban on crude oil exports, the U.S. has actually exported less this year than it did over the same period the year before, when the ban was still in place.

Current oil price rally reaching its limits

Oil prices have climbed by about 50 percent from their February lows, topping $40 per barrel. But the rally could be reaching its limits, at least temporarily.

Former oil sands workers eye renewables market

Edmonton-based group aims to re-train 1,000 jobless workers into solar panel installers by 2018.