Oil Sands Mining News

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.

Canada’s controversial Trans Mountain pipeline squashed by court

Ruling effectively halts construction of the 1,150-kilometre project indefinitely.

The latest episode in the Crystallex-Venezuela saga

PDVSA filed an appeal requesting that a Delaware court vacate a decision granting the Canadian miner the right to seize its U.S. assets.

World's top refiner Sinopec posts record profit as oil recovers

China Petroleum & Chemical Corp. said its half-year earnings jumped to the highest level on record as refining profits climbed.

The secret to safer oil & gas pipelines: graphene

Only in the US, corrosion costs the oil and gas industry $1.4 billion a year.

US to allow mining on land removed from monuments

The US Bureau of Land Management has announced plans to allow increased mining on land that once belonged to two national monuments Donald Trump shrank.

Saudi Arabia and Iran reignite the oil price war

The rivalry between Saudi Arabia and Iran is becoming increasingly evident in the oil pricing policies of the two large Middle Eastern producers.

Soviet collapse echoes in China’s Belt and Road

Like the Soviet Union in the 1970s, China is coming to the end of a long labor-force boom and hoping that an orgy of investment will keep the old magic going while stabilizing its fraying frontiers.

Imperial testing driverless oilsands haulers at Kearl

Imperial Oil says it has commenced and is ready to expand field testing of driverless oilsands heavy haulers.

US State Department sees ‘minimum’ impact from Keystone XL new route

The alternate route approved last year by Nebraska regulators is expected to have minor to moderate effects on three of the eight environmental categories the U.S. State Department assessed.

Will BHP's CEO follow Top Miner's shale unit out of the door?

BHP Billiton Ltd.’s $10.8 billion of deals to exit its troubled U.S. shale unit will allow Chief Executive Officer Andrew Mackenzie to shower investors with returns. It may also be a chance for him to bow out on top.

BP pays $10.5 bln for BHP shale assets to beef up U.S. business

A unit of British oil major BP PLC will acquire BHP's unit which holds the Eagle Ford, Haynesville and Permian assets for $10.5 billion.