Oil Sands Mining News

Electric vehicles no threat to oil prices anytime soon

Hardly a day goes by without another media report about the impending demise of the Internal Combustion Engine (ICE) as petroleum powered cars and trucks are replaced by uber-clean Electric Vehicles (EV).

Mining jobs in Canada to go begging: MiHR report

A torrent of retirements over the next 10 years is poised to wreak havoc on the mining labour market in Canada.

Electric car industry faces a looming supply storage

“Lithium is the new oil,” goes the saying in electric vehicle (EV) circles.

Oil by rail riskier than by pipeline: studies

Without new pipeline capacity, more oil will move by rail, two new studies warn

Do we really want Canada's energy sector to come back – ever?

The energy sector accounts for a significant part of Canada’s prosperity. The industry is the single largest private sector investor, employing more than 425,000 people.

Here’s how to avoid being caught in mining scams

These courses can help you identify and evaluate the risks involved in mining investments before it’s too late.

'Dirty, difficult, and dangerous': Why millennials won't work in oil

Like many industries today, the oil industry is trying to sell its many job opportunities to the fastest growing portion of the global workforce: Millennials.

Canada a ‘late entrant’ to global liquefied natural gas market, says new NEB report

The next several years will be critical to the development of the Canadian LNG industry.

The countries suffering most from low oil prices

Low oil prices are still causing big problems for many countries

New biofuel technology cuts production time significantly

UBC Okanagan researcher helps develop cheaper and faster bioreactors

'Out of control' Canada’s wildfires close to Kinder Morgan’s pipeline

Some of the worst fires, raging in BC’s interior, have grown overnight.

Canada’s Alberta forks over $50 million for emissions cuts at oil sands

Another $30 million will go to help fund 12 projects that tackle methane emissions in the province.

Canada’s Desjardins mulls scratching pipeline loans on environmental concerns

The lender has been evaluating its pipeline-related policy for months and said it may make the decision of not financing those kinds of projects permanent before year-end.

Apache joins foreign exit from Canada's energy sector

Another international oil company is marking its exit from Canada’s energy sector – this time Houston-based Apache Corp.

Don't hold your breath for deeper OPEC cuts

The rally in oil prices over the past two weeks came to a halt on Wednesday on news that OPEC is actually exporting more oil than previously thought.

Is a big move in oil prices due?

In options trading, a straddle is literally a sit-on-the-fence strategy.

Teck Resources grabs Goldcorp’s stake in Mexican project for $50 million

After acquiring Goldcorp's 21% in San Nicolás, Canada's largest diversified miner will be the Zacatecas-based copper-zinc project sole owner.

Quebec's economy benefits from Canada's oil sands: study

The study found Canada's oil sands had a substantial impact on Quebec's economy in terms of employment, gross domestic product (GDP) and tax revenue, in a 12-month period between 2014 and 2015.

Is there still hope for higher oil prices?

Oil prices have cratered in recent weeks, dipping to their lowest levels in more than seven months and any sense of optimism has almost entirely disappeared.

Cenovus CEO to retire as company sells up to $5bn in non-core assets

News come as the Calgary-based firm is trying to win over investors upset by its $17.7-billion acquisition of oil sands and natural gas assets from ConocoPhillips Co.

Oil prices set to rebound

The unpredictability of today’s oil market is leaving some investors burned by unexpected price gyrations.

Oil sands projects growth to drive need for more pipelines — CAPP

Canada will need more pipelines built through to 2030 to transport an additional 1.3 million barrels per day of oil sands production to markets across North America and around the world, according to the Canadian Association of Petroleum Producers.

Weir Group expands into Asia with Singapore firm acquisition

Move seeks strengthening the firm’s position as energy markets recover.

CHART: Commodity prices slump to 50-year low against US stocks

S&P500 most expensive compared to commodities since late 1960s despite last year's rally in metals and mineral prices.