Oil Sands Mining News

Suncor set up for strong production for the remainder of the year

Suncor today announced that Q2 production to date averaged approximately 636,000 barrels per day (bbls/d).

BHP said to get shale bids valuing unit up to $9 billion

Multiple parties, including private equity firms such as Apollo and energy companies, have bid separately for individual packages of shale real estate.

Canadian oil has record day after Enbridge scraps new rules

Western Canadian Select jumped as much as $12.20 a barrel to $13.80 below the U.S. benchmark Monday, the narrowest spread since May 16.

Vietnam sets out green ambitions with bold targets for solar, rare earth

Vietnam is aiming to increase the use of household solar energy equipment to 12 percent by 2020, and 26 percent by 2030.

Emerging market meltdown could undermine oil rally

Higher production doesn't necessarily mean higher oil prices are entirely out of the question.

Digitization can decrease production cost for oil and gas companies by 10% to 20%

Energy producers expected to do more with less while focusing on the environment.

RBS to stop financing new coal plants, oil sands or arctic oil projects

Britain’s Royal Bank of Scotland said it had tightened restrictions on project finance and general lending for high-carbon energy projects and companies.

Trump "victories" on trade are anything but

As the year has progressed, the underbrush has gotten thornier, Trump's progress on trade has slowed, and now it has likely stopped altogether.

China opening may spark iron ore to become more like crude oil: Russell

Iron ore is still a long way behind other commodity markets, such as crude oil, where paper trade exceeds physical by large multiples.

Agarwal wants to build Indian commodity giant to rival majors

Despite its insatiable appetite for materials, India is yet to impose itself among the mining heavyweights like Australia, China or even the U.K.

Petro-Lithium production represents diversification of Alberta’s energy economy

Alberta's E3 Metals Corp. developed a chemical extraction process that allows lithium to be produced in hours.

IEA: high oil prices "taking a toll" on demand

Geopolitics has taken over the oil market, driving oil prices up to three-year highs.

Ottawa offers to cover losses on Trans Mountain delays — for any company

Finance Minister says indemnification would stay in place even if Kinder Morgan walks away.

The world’s safest source of energy will surprise you

Majority of scientists classify nuclear as a sustainable and safe energy source, along with other renewables.

No 'one-size-fits-all' when making mines productive

With limited upside for precious metal prices, miners are refocusing on productivity.

Shell sells stake in Canadian Natural Resources for $3.3 billion

Once the deal closes, Shell's only involvement in Canada's oil sands will be through its 10% stake in the Athabasca Oil Sands Project, majority owned by CNR and Chevron.

Qatar steps in to buy Rosneft stake after China deal collapses

Qatar Investment Authority stepped in after the sellers -- a consortium of QIA itself and mining giant Glencore Plc -- told CEFC it wouldn’t proceed with the original deal announced in October.

Qatar Petroleum says will list 49 pct of its shares in aluminium plant

The state energy giant will list 49 percent of its shares in the country's aluminium smelter plant Qatalum in a public offering.

Fort Hills oilsands ramp up surges over 100,000 bbls/d

The most recent data available from the Alberta Energy Regulator — for December 2017 — shows Fort Hills at 11,525 bbls/d.

Oil hedge fund manager Andurand says $300 'not impossible'

Pierre Andurand said the current reluctance of energy companies to invest in new production meant $300 a barrel was "not impossible" within a few years.

Oil sands get taste of slower growth ahead as logjams hit output

While Cenovus and Husky both billed their output slowdowns as temporary, the first-quarter hiccups foreshadow shrinking gains in oil-sands production.

Cenovus says railways are ready to ease oil transportation bottlenecks

Oil and gas producer Cenovus Energy Inc expects Canada’s railways to be able to carry more oil in the second half of this year.

Commodities: the top asset class of 2018 so far

If the commodity sector keeps the pace for the rest of 2018, this will be the best year for the asset class since 2003.

Which has the bigger economy: Texas or Russia?

Even though Russia has nearly five times as many residents as Texas, the Lone Star State's economy is more than $40 billion larger.

IMF resumes lending to Chad following Glencore debt deal

The Central African oil producer reached an agreement in principle to restructure its more than $1 billion debt to Glencore and four banks.