Oil Sands Mining News

Panel looks to overhaul Canadian oil and gas project approvals

Only after a project got a conditional yes or no from the federal government would it enter a two-year environmental review.

Today's stunted oil prices could cause oil price shock in 2020

As oil prices remain unsteady and OPEC continues to make headlines every hour, the world is focused on oil's immediate future.

Shell speeds up exit from oil sands, selling stake in Canadian Natural Resources

Transaction could become one of the country’s one of the biggest-ever equity sales.

Cenovus completes acquisition of assets in Western Canada from ConocoPhillips

Cenovus Energy Inc. has closed its previously announced purchase of assets in Western Canada from ConocoPhillips after receiving all necessary regulatory approvals for the transaction.

China successfully mines flammable ice from the South Sea

During the mining trial done at a depth of 4,153 feet, engineers extracted each day around 16,000 cubic metres of gas, with methane content of up to 99.5%.

U.S. shale is immune to an oil price crash in 2017

Since OPEC announced the production cut deal at the end of November, industry analysts have been warning that rising production from producers outside the deal—U.S. shale in particular—is effectively capping the oil price gains from that agreement.

Suncor plans to build new oil sands project in Canada

The Lewis project would be located about 25 km northeast of Fort McMurray and could eventually produce up to 160,000 barrels a day.

$44 trillion needed to keep up with world’s energy demands

So far in 2017 a number of global energy experts and commodities watchers have looked beyond the current reporting period and they see a growing long term demand for oil and gas.

Big oil betting on electric vehicles

Speaking this week at the Bloomberg New Energy Finance conference in New York, Total SA's chief energy economist, Joel Couse, forecasted that EVs will make up 15 to 30 percent of global new vehicle sales by 2030.

Suncor Energy restarts shipments from Syncrude Mildred Lake oil sands facility

Over the weekend, Syncrude completed the necessary repairs and start-up activities to begin shipping product by pipeline.

For oil producers, green is the new black

Majors look to a future with renewable energy – and possibly without oil.

Production at Syncrude’s Mildred Lake oil sands to fully resume in June

Pipeline shipments would restart at approximately 50% of capacity in early May.

Teck: no plans to reopen Quintette met coal mine

Vancouver company focused on bringing $13 billion oil sands project into production before the end of the year

Supply crunch or oil glut: investment banks can't agree

The biggest banks remain bullish on oil prices, but analyst projections about global supply and demand are increasingly diverging.

US emissions dropped 1.7% last year

The fall was driven by a flood of shale natural gas supply and renewable power increasingly displacing coal, the International Energy Agency (IEA) said.

Canadians asked to weigh in on Teck’s proposed oil sands mine

The Frontier project is located 110 kilometres north of Fort McMurray, in Alberta, around 40 kilometres from the Fort McKay First Nation's reserve.

Solar now employs more people in the US than coal and natural gas

Solar power, once derided as an expensive and unreliable energy source, has become a major generator of employment in the United States, according to new data supplied by The Solar Foundation.

There is no such thing as peak oil demand

If oil demand were to reach an actual peak, then the top might be easier to predict. As it stands, the forecast models of demand are likely predicting peak demand far later than it will be.

Miners to spend $21 billion on exploration by 2025

Equipment and services suppliers will have to wait at least another year until they can fully feel the impact of this trend, says CSA Global — the world's second-largest mining sector consultancy.

Production at Syncrude’s Mildred Lake oil sands to fully resume in April

Suncor Energy, the largest partner in Syncrude, said it expects to meet its 2017 production targets despite a fire that shut down the Mildred Lake upgrader almost two weeks ago.

Why new Canadian pipelines make sense

One thing is being largely left out of the pro- vs anti-pipeline discussions of late – the plain and simple fact that we need them.

Donald Trump approves Keystone XL pipeline

He said the project would employ 28,000 people, with TransCanada predicting only 13,000 temporary construction jobs and the US State Department saying only 50 of them will be permanent positions.

Suncor’s plan for tailings clean-up rejected by Alberta’s regulator

Suncor Energy’s plan to clean up tailings in some of its oil sands operations using water capping, also known as an end-pit lake, have hit a snag as the Alberta Energy Regulator rejected the proposal saying the firm’s plan lacked evidence the strategies would work.

$5.5 billion private capital ready to invest in mining

"Investors are willing to back their positive sentiment towards natural resources with fresh capital commitments," says new study.

Visualizing the world's deepest oil well

Ever wondered just how far down companies drill for oil?