Oil Sands Mining News

China’s slowdown is miners' single biggest fear this year — report

Based on answers from 51 senior executives, lawyers White & Case say that trade tensions are the second largest challenge for the mining industry in 2019 and reveal what the underlying full-picture looks like.

Canada’s Suncor expects upstream output to jump by 13% in Q4

The country's largest oil and gas producer by market cap also said it will specify the exact impact of Alberta's mandatory output caps when it issues its 2019 capital and production guidance on Feb. 5.

Syncrude to pay $2.75M after blue heron deaths at Alberta oilsands mine

The company pleaded guilty and been fined more than $2.7 million in the deaths of 31 great blue herons at one of its oilsands mines north of Fort McMurray.

Pipelines to remain a focal point for Canada's Gov't this year

Trans Mountain expansion will be on many voters’ minds in federal and Alberta elections; trade wars promise to add uncertainty to export market.

Canadian M&A seen rising after hitting 12-year high in 2018

Merger-and-acquisition activity in Canada is expected to strengthen in 2019 as a slump in oil prices could fuel consolidation among energy companies and cannabis deals gain momentum.

Losing licence to operate new and biggest threat to miners — EY

Mining companies across the globe now consider the risk of losing their licence to operate as the biggest risk to their businesses in the next two years

The Saudi dilemma: To cut or not to cut

To cut and push up prices or not to cut and preserve market share.

Suncor Energy weighing impact of Alberta's mandatory oil production cuts for next year

Canada's largest oil and gas producer by market capitalization said the exact impact will be unveiled when it issues its 2019 capital and production.

Next year's challenge for Canada's oil patch comes from the sea

A new rule taking effect in 2020 aimed at reducing pollution by cutting the sulfur content of maritime fuel will make sulfur-heavy oil sands crude less desirable.

Indigenous rights 'invisible' as Ecuador pushes mining, oil projects: U.N.

Days before Tauli-Corpuz arrived in Ecuador, indigenous groups and about 2,000 protesters marched in the capital Quito and handed the national assembly a proposed law that would ban large metal-mining projects.

Nigeria awards mining exploration contract to 10 mining, consulting firms

Nigeria, Africa's top crude oil producer, is aiming to diversify its economy by developing other industries such as mining through various incentives.

Venezuela pays miner $425m in move to safeguard Citgo

If the required steps to fully implement the amended settlement do not take place Crystallex will go back to court to seize assets linked to Citgo.

Goldman predicts commodities will soar in 2019 as oil, gold climb

Many of the political uncertainties weighing on commodity markets have a significant chance of being addressed in Buenos Aires.

Oil heads for seventh weekly loss on signs of global supply glut

Demand for Saudi crude may be lower in January compared with December - Khalid Al-Falih

Saudi Arabia says new mining project to increase non-oil GDP by 3%

King Salman inaugurated the Waad Al-Shamaal mining project, which is expected to boost the kingdom's GDP by $6.4 billion and its non-oil GDP by 3%.

Global oil demand under growing threat from electric cars, cleaner fuel

Analysis shows oil consumption growing in coming decades, due to rising petrochemicals, trucking and aviation demand but meeting this growth in the near term means that approvals of conventional oil projects need to double.

A viable alternative to LNG

Our options are actually quite limited when it comes to the globe’s energy dilemma, the answer is nuclear energy and lithium-ion battery storage technology. Now all we need to do is convince the politicians.

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.