Oil Sands Mining News

Teck swings to profit in Q4 but misses expectations

The firm, North America's No.1 producer of coking coal, benefitted from the price rally — steelmaking coal climbed 155.5% to $207 in the quarter.

Weak finish for the Canadian Mining Eye Index in Q4 — EY

EY’s Canadian Mining Eye index declined 13% in the last quarter last year as weak gold and nickel prices offset copper and zinc gains.

Oil sands an overlooked investment opportunity — BMO

The bank believes that Canada’s oil patch may be "on the cusp of a new investment cycle” as oil settles into a US$50-60/bbl range.

Teck, Suncor up cost of Fort Hills oil sands project

Cost per barrel, however, will remain at about $84,000 per flowing barrel of bitumen.

Oil sands face big trouble ahead, two new studies suggest

Canada’s oil sands industry may find itself fighting with the US — its own largest customer — for a share of a shrinking oil market within four years.

US, Canadian engineers back Keystone XL application, urge swift approval

Operating Engineers in the U.S. and Canada stand ready to build this essential piece of North American energy infrastructure.

TransCanada submits new application for Keystone XL permit

The company has spent at least $2.5 billion on the project, whose total cost if built would be at least $10 billion due to delays and permitting costs.

Oil poised to reach $80

We've been bullish on oil prices and published a piece last April predicting an energy shortage. I continue to think that is where we're headed.

Trump greenlights Keystone XL and Dakota Access pipelines

The US President has signed two separate orders that advance the construction of TransCanada’s Keystone XL and Energy Transfer Partners LP’s Dakota Access oil pipelines.

Trump inauguration: The Trump cabinet picks who may shift US policy

President Donald Trump's picks for his Cabinet appear to back up his campaign pledges to boost US oil and gas production and streamline infrastructure approvals.

Of Presidents and prices: How commodities compare under Trump, Obama

As the book closes Friday, January 20, 2017, on President Barack Obama’s two terms, here are the price averages during his tenure for some key commodity benchmarks, as well as the latest price.

Frack sands rebound predicted under Trump administration

Fracking is poised to increase under the Trump administration, and with it will come the need for larger quantities of fracking sand.

Canadian energy firms at bigger risk from cyber, bomb attacks

The Canadian Security Intelligence Service (CSIS) warning highlights an additional risk for the energy sector

The top 5 places to work in U.S. oil and gas

Anadarko Petroleum and Chevron have emerged as the top two employers in U.S. oil and gas, according to a survey conducted by the job site Indeed.

Europe in favour of oil sands-friendly deal with Canada

Lawmakers have voted in favour of pushing ahead with a trade deal that would allow Canadian oil sand producers to export more crude to the old continent.

Another 37 conditions for Trans Mountain pipeline

Court forced B.C. to issue its own environmental certificate on pipeline expansion.

Oil prices running out of reasons to rally

For the better part of two months, optimism surrounding the OPEC deal has buoyed oil prices, but bullish sentiment from speculators are showing early signs of abating, raising the possibility that the oil rally is running out of steam.

World Bank on a Trump economy and commodities

World Bank's 2017 outlook says US impact on commodity markets diminished, but it's still number 1 for oil and number 2 in copper, aluminum and lead.

Canadian oil sands producers could fetch up to $15 more per barrel with this technology

The adoption of a“partial upgrading” technology could bring in hundreds of millions of dollars into Alberta's economy, a new study claims.

Canadian Natural Resources fined $10,000 following 2007 accident that killed two

Two workers were killed and five were injured when cables holding up a roof support structure snapped at an Alberta oil sands project in 2007.

INTERACTIVE: Mining emerges from slump

With only a couple of exceptions, metal and mineral prices rallied in 2016 – see at a glance how far the industry has come.

SLIDESHOW: Mining on the mend – 2016 year in review

The global mining industry rebounded from multi-year lows in 2016 – MINING.com's most popular posts of the year tell the story.

Kinder Morgan expected to spend up to $300M on Trans Mountain expansion

That is how much the company will have to spend just getting the expansion project shovel-ready, according to Conference Board of Canada estimates.

Statoil getting out of oil sands, takes $500 million loss

Statoil ASA, (NYSE:STO) the Norwegian-owned oil and gas major, does not believe it has a future in the Canadian oil sands.

Why Alberta oil will be California-bound

But Asia rises as potential market for Trans Mountain crude say analysts.