Oil Sands Mining News

Nebraska OK's Keystone XL Pipeline, but more obstacles in the horizon

State has approved controversial project but insisted on alternative route, could add further complications.

South Dakota pipeline spill hits TransCanada shares, Canada crude price

Canadian heavy crude prices and TransCanada Corp shares slid on Friday, the day after the Keystone pipeline spilled 5,000 barrels of oil in South Dakota as officials in Nebraska mulled whether to approve another pipeline proposed by the company.

Suncor’s $5 billion 2018 budget focuses on maintenance, not growth

Suncor Energy Inc. says it will spend between $4.5 billion and $5 billion in 2018 to deliver average upstream production of about 760,000 barrels of oil equivalent per day.

Suncor Energy's Steve Williams appoints Mark Little as chief operating officer

Steve Williams, chief executive officer at Suncor, today announced the appointment of Mark Little, currently president, Upstream, as chief operating officer (COO).

Venezuela’s Mining Arch in the spotlight again

New reports highlighting the environmental dangers posed by mineral exploitation at the Mining Arch have emerged, as Venezuelan officials try to convince Alrosa to invest in the project.

Suncor Energy and PetroNor announce agreement for equity partnership

Suncor and PetroNor today announced the purchase by Suncor of a 41% equity interest in PetroNor, a petroleum products distributor across the James Bay and Abitibi-Témiscamingue regions of Quebec.

Canadian junior miners worth jumps for second year in a row

Aggregate market cap of the top 100 junior mining companies was up 7% to $12.2 billion, a level not seen since 2010, but the group significantly underperformed the Venture Exchange as a whole.

Oil sands buyout spree paying off as takeovers boost output

The acquisition spree that returned much of Alberta’s oil sands to Canadian hands is so far working out as the buyers projected, with results at Canadian Natural Resources Ltd. and Cenovus Energy Inc. beating expectations on the back of higher output and lower costs.

Cenovus posts smaller loss as production more than doubles

Company lost $69 million in its latest quarter as it more than doubled its production compared with a year ago.

TransCanada veteran Alex Pourbaix to lead Cenovus

Pourbaix replaces Brian Ferguson, who announced his retirement earlier this year following Cenovus’ $17.7 billion acquisition of oil sands and natural gas assets from ConocoPhillips.

Cenovus sells Palliser oilfield for $1.3 billion

Cenovus Energy (TSX, NYSE:CVE) last week unloaded another key asset.

New tool helps industry collect and share geoscience data

PDAC gearing up to launch Exploration Assessment Digital Data Formats guidelines, a practice expected to improve Canadian mine exploration discovery rates.

Canada's oil sands survive, but can't thrive in a $50 oil world

Canada’s oil sands producers are stuck in a rut.

Environmental group’s office raided to collect for Enbridge

After sending court bailiffs to seize property from Stand.earth, Enbridge backed off, saying it will not seize property after all.

MGX Minerals nears completion of first commercial rapid lithium extraction system

MGX and its technology partner, PurLucid, made ground-breaking progress in treating complex brines with high magnesium content.

Clean mining project shortlisted for $950 million Canadian gov’t funding

The CLEER (Clean, Low-energy, Effective, Engaged and Remediated) project focuses on water use, energy intensity and environmental footprint, with aggressive targets of a 50% reduction in each area by 2027.

Energy East's death pins the oilsands' hopes on two pipelines with their own troubles

TransCanada Corp.’s cancellation of the Energy East pipeline leaves Canadian oil producers more dependent than ever on the Keystone XL and Trans Mountain proposals, two projects facing ardent opposition in their own right.

The next big offshore boom is about to happen here

The latest demonstration of the viability of deepwater projects, even in the post-2014 oil industry era, comes from none other than Brazil.

Big trucks, dead ducks put Alberta's oilsands under environmental scrutiny

Two things helped make Alberta’s oilsands a top North American environmental concern — ducks and trucks.

Canada's oil sands at 50: How much life is left in the resource?

It's the 50th anniversary of the 1st commercial operations in the oilsands. Will they get to 100?

Trump's solar tariff confusion creates an opportunity

The solar sector is reeling from confusion, and stock prices are reeling right along with it.

Total to wait for better oil prices before selling Canadian assets

CEO Patrick Pouyanne said the company’s priority was "value over volume", adding that oil sands were among the high breakeven projects in Total's portfolio.

Canada’s Cenovus to sell Suffield assets in Alberta for $512m

The sale of the Suffield assets to to International Petroleum Corporation is expected to close before the end of the year.

Canada does not need more oil sands pipelines, report claims

A report by the Centre for International Governance Innovation argues the global push to reduce carbon emissions over the next three decades will reduce the size of future oil markets.

The $10 trillion mineral resources North Korea can't tap

North Korea may not have proved petroleum reserves, but it's estimated that the secluded belligerent nation sits on reserves of more than 200 minerals—including rare earth minerals—worth an estimated up to US$10 trillion.