Oil Sands Mining News

Pummeled by oil bets, Freeport and Teck get some crude reward

Teck Resources and Freeport-McMoRan led a mining stock rally on Friday as surging oil prices provided relief for their foray into energy before prices tumbled.

TransCanada posts $2.5bn loss in Q4 on Keystone XL charge

The net loss also included a number of other smaller items, partially offset by an increase in revenue to $2.85 billion from $2.62 billion.

A crude correlation with Canada’s currency

Canada is the world’s fifth largest oil and gas producer and its energy export revenues are a significant part of the economy.

Canadian companies sell "jewels" to keep oil sands afloat

Faced with record low prices for heavy crude, Canadian energy companies are sacrificing other parts of their business to keep higher-cost oil sands production going.

Canadian Oil Sands overhauls leadership and board ahead of Suncor takeover

The company has named Sandy Martin as its new chief executive officer.

‘Zombie’ stocks haunt Canada’s oil patch, but buyers not interested

Buyers are not biting in worst market in generation.

Mining among unhappiest industries to work in — study

Experts looked at over 500,000 survey responses from over 60,000 employees in 13 different industries worldwide.

Chart of the Week | Oil is dirt cheap………literally

We decided to conduct an experiment at Home Depot to find out if that's true. Our landmark investigation left no stone unturned.

Suncor cuts spending by 10% after posting $2bn loss on writedowns

The Canadian oil giant lowered capital spending plan to between $6bn and $6.5bn from a November estimate of $6.7bn to $7.3bn.

Russia cries Dyadya (Uncle), is Saudi Arabia listening?

According to Bloomberg, the Russian Energy Ministry issued a statement that "Energy Minister Alexander Novak and the heads of Russia's biggest oil companies discussed the possibility of working with OPEC."

TransCanada Energy East pipeline project to create 120 jobs in Quebec

The firm has signed a deal with a power equipment manufacturer that will create up to 120 jobs in Quebec.

Oil price crash: markets slump as Opec resists Russian calls for emergency meeting

Moscow's foreign minister says Russia is ready to talk as country's oil production reaches post-Cold War high.

CHART: Gold price vs oil has never been this out of whack

For the first time since the height of the Seventies oil crisis and the end of the gold standard does an ounce of gold buy you more than 34 barrels of oil.

Current mining downturn not a ‘normal’ one — Moody’s

The ratings agency expects physical supply/demand imbalance to widen further, leaving miners in extremely weak conditions.

60 reasons why oil investors should hang on

Inventories will continue to rise, but the momentum is slowing.

Which energy companies are being added to US Global Funds in anticipation of an oil rebalance?

In this interview with The Energy Report, Frank Holmes and Samuel Pelaez name their favorites and outline the fundamentals that will make 2016 look a lot different than the year that just ended.

INFOGRAPHIC: Three major reasons for gold in 2016

Here are three compelling reasons why 2016 may be the perfect time to add gold to your portfolio.

Will oil prices rebound in 2016? Interview with Carl Larry

Oilprice.com recently spoke with Carl Larry, Director of Oil and Gas at Frost & Sullivan, a consultancy that conducts research on oil and gas markets, to get his thoughts on the state of oil in 2016.

Moody's puts 175 energy and mining firms on review as low prices bite

Top miners BHP Billiton, Rio Tinto, Vale and Anglo American are among the firms at risk of rating downgrade.

Gold maintains value despite oil and stock market crash

Investors should analyze 2016 year to date action as it is generally a good predictor of how the year will look.

INFOGRAPHIC: The periodic table of commodity returns

This year’s version has an interactive design that allows users to sort returns by various categories including returns, volatility, and other groupings.

Oil, Asian stocks rout deepen miners wounds

Miners suffering fresh sell-off as oil price falls and the IMF lowers growth forecast for China, rattling investors.

Trans Mountain pipeline battle set for NEB hearing today

Brace yourselves Canadians, the pipeline drama is about to heat up again.

Suncor changes strategy to acquire Canadian Oil Sands with $6.6bn friendly deal

After months of hostile rhetoric, the two Calgary-based companies have reached a takeover agreement.

Explosion at Nexen's Long Lake facility kills one worker

Second worker is in critical condition.