Oil Sands Mining News

Can we expect a major rebound in oil prices?

After declining by more than 20 percent from the October peak, oil prices are showing some signs that they have now bottomed out.

Translating the mindset of peak oil to peak gold

The Mercenary Geologist Mickey Fulp discusses with Maurice Jackson of Proven and Probable how peak oil could inform investment in gold miners.

China's CEFC paid out compensation after Rosneft stake deal fell through

CEFC had signed a deal to buy 14.2 percent of Rosneft from Qatar and Glencore when CEFC Chairman Ye Jianming was put under investigation by the Chinese authorities for suspected economic crimes.

Acceleware secures investment from major oil sands producer

The Calgary-based company has invested in Acceleware's RF XL commercial pilot.

Caterpillar steps up game to keep leadership in North America

In the past two years, Cat  has  been  working  on  growing  its  offering,  particularly  in  the  underground  segment,  as  well  as  filling  up  some  gaps  in  terms  of  trucks  sizes.

Canada gets it right on cannabis, wrong on oil, GMP CEO says

Major pipeline projects in Canada have failed to get off the ground, leading to a record price discount for the nation’s oil sands crude.

Canada's oil patch feels double pain with cuts, price drop

Canada’s oil producers can’t catch a break.

OPEC+ faces risk of new oil surplus as prices slump

A technical committee representing the coalition projected on Saturday a global oil surplus will resurface in 2019.

Canadian miners’ performance in Q3 hit by lower metal prices

EY’s Canadian Mining Eye index — which tracks the performance of 100 Toronto Stock Exchange and TSX Venture Exchange mid-tier and junior mining companies — dropped 12 percent in the third quarter of the year when compared to the previous three-month period.

Pompeo defends temporary waivers granted for Iran oil buying

The comments come a day before U.S. sanctions on Iran’s energy and shipping are due to snap back.

Spend don't splurge, investors tell miners as M&A, capex surges

Capital expenditure among the 10 largest metals and mining companies is forecast to advance to about $35 billion this year, the first annual rise since 2013.

Oil rises as storm halts output while IEA warns of supply crunch

The International Energy Agency called on producers to pump more as the market “enters the red zone.”

How commodities will perform in the 'impending massive credit crunch'

Technical analyst Clive Maund looks at the factors that he sees are behind a massive credit crunch and discusses how the markets could react.

Eco-group tells hearing Frontier oil sands megaproject would be a 'carbon disaster'

But Teck Resources says it will have the most advanced emission-control system in oil sands.

Vedanta to invest $4B in India block to boost output

Vedanta Ltd is investing to boost oil output from its flagship Barmer block in the desert state of Rajasthan to over 400,000 barrels per day (bpd) in 2021.

Canada’s Nova Scotia launches Research Association

Nova Scotia’s mining industry has established a new not-for-profit organization to manage its proposed Minerals Play Fairway project.

The great oil sands era is over

Fort McMurray was once the second coming of the Klondike. Now, this oil town must adjust to the end of the boom.

Meet the Shalennials: CEOs under 40 making millions in Texas oil

It’s not hard to see why Sellers and Campbell are in such high demand in this hardscrabble city that has become the global center of the shale revolution.

Congo mining revenues triple in H1; oil revenues fall by a third

Democratic Republic of Congo's revenues from its mining sector nearly tripled in the first half of 2018 over the same period last year to $864.61 million.

Drones are revolutionizing the energy sector: Bullard and Curry

"Drones offer a cheaper and more effective way of monitoring infrastructure than traditional methods of sending workers to dangerous, remote terrain."

Iraq pumping oil at record levels, unaffected by protests

The country’s crude exports reached a record of 3.59 million barrels a day.

Pipeline plan decision may harm investment into Canada

The Federal Court of Appeal nullified the National Energy Board’s approval of Kinder Morgan Canada’s Trans Mountain pipeline expansion project.

South Africa to make oil, mining announcement in says, ANC says

An agreement has been reached on separating laws for the country’s oil industry and dropping a bill to govern the two sectors.

Helium prices spike 135% in US federal auction

"I've come for your helium."

The single biggest breakthrough in oil tech this year

Utah holds the largest reserves of oil sands in the United States, but up until now, no company had the technology to exploit these vast resources.