Oil Sands Mining News

Next year's challenge for Canada's oil patch comes from the sea

A new rule taking effect in 2020 aimed at reducing pollution by cutting the sulfur content of maritime fuel will make sulfur-heavy oil sands crude less desirable.

Indigenous rights 'invisible' as Ecuador pushes mining, oil projects: U.N.

Days before Tauli-Corpuz arrived in Ecuador, indigenous groups and about 2,000 protesters marched in the capital Quito and handed the national assembly a proposed law that would ban large metal-mining projects.

Nigeria awards mining exploration contract to 10 mining, consulting firms

Nigeria, Africa's top crude oil producer, is aiming to diversify its economy by developing other industries such as mining through various incentives.

Venezuela pays miner $425m in move to safeguard Citgo

If the required steps to fully implement the amended settlement do not take place Crystallex will go back to court to seize assets linked to Citgo.

Goldman predicts commodities will soar in 2019 as oil, gold climb

Many of the political uncertainties weighing on commodity markets have a significant chance of being addressed in Buenos Aires.

Oil heads for seventh weekly loss on signs of global supply glut

Demand for Saudi crude may be lower in January compared with December - Khalid Al-Falih

Saudi Arabia says new mining project to increase non-oil GDP by 3%

King Salman inaugurated the Waad Al-Shamaal mining project, which is expected to boost the kingdom's GDP by $6.4 billion and its non-oil GDP by 3%.

Global oil demand under growing threat from electric cars, cleaner fuel

Analysis shows oil consumption growing in coming decades, due to rising petrochemicals, trucking and aviation demand but meeting this growth in the near term means that approvals of conventional oil projects need to double.

A viable alternative to LNG

Our options are actually quite limited when it comes to the globe’s energy dilemma, the answer is nuclear energy and lithium-ion battery storage technology. Now all we need to do is convince the politicians.

Can we expect a major rebound in oil prices?

After declining by more than 20 percent from the October peak, oil prices are showing some signs that they have now bottomed out.

Translating the mindset of peak oil to peak gold

The Mercenary Geologist Mickey Fulp discusses with Maurice Jackson of Proven and Probable how peak oil could inform investment in gold miners.

China's CEFC paid out compensation after Rosneft stake deal fell through

CEFC had signed a deal to buy 14.2 percent of Rosneft from Qatar and Glencore when CEFC Chairman Ye Jianming was put under investigation by the Chinese authorities for suspected economic crimes.

Acceleware secures investment from major oil sands producer

The Calgary-based company has invested in Acceleware's RF XL commercial pilot.

Caterpillar steps up game to keep leadership in North America

In the past two years, Cat  has  been  working  on  growing  its  offering,  particularly  in  the  underground  segment,  as  well  as  filling  up  some  gaps  in  terms  of  trucks  sizes.

Canada gets it right on cannabis, wrong on oil, GMP CEO says

Major pipeline projects in Canada have failed to get off the ground, leading to a record price discount for the nation’s oil sands crude.

Canada's oil patch feels double pain with cuts, price drop

Canada’s oil producers can’t catch a break.

OPEC+ faces risk of new oil surplus as prices slump

A technical committee representing the coalition projected on Saturday a global oil surplus will resurface in 2019.

Canadian miners’ performance in Q3 hit by lower metal prices

EY’s Canadian Mining Eye index — which tracks the performance of 100 Toronto Stock Exchange and TSX Venture Exchange mid-tier and junior mining companies — dropped 12 percent in the third quarter of the year when compared to the previous three-month period.

Pompeo defends temporary waivers granted for Iran oil buying

The comments come a day before U.S. sanctions on Iran’s energy and shipping are due to snap back.

Spend don't splurge, investors tell miners as M&A, capex surges

Capital expenditure among the 10 largest metals and mining companies is forecast to advance to about $35 billion this year, the first annual rise since 2013.

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.