Once the deal closes, Shell's only involvement in Canada's oil sands will be through its 10% stake in the Athabasca Oil Sands Project, majority owned by CNR and Chevron.
Oil Sands Mining News
Qatar Investment Authority stepped in after the sellers -- a consortium of QIA itself and mining giant Glencore Plc -- told CEFC it wouldn’t proceed with the original deal announced in October.
The state energy giant will list 49 percent of its shares in the country's aluminium smelter plant Qatalum in a public offering.
The most recent data available from the Alberta Energy Regulator — for December 2017 — shows Fort Hills at 11,525 bbls/d.
Pierre Andurand said the current reluctance of energy companies to invest in new production meant $300 a barrel was "not impossible" within a few years.
While Cenovus and Husky both billed their output slowdowns as temporary, the first-quarter hiccups foreshadow shrinking gains in oil-sands production.
Oil and gas producer Cenovus Energy Inc expects Canada’s railways to be able to carry more oil in the second half of this year.
If the commodity sector keeps the pace for the rest of 2018, this will be the best year for the asset class since 2003.
Even though Russia has nearly five times as many residents as Texas, the Lone Star State's economy is more than $40 billion larger.
The Central African oil producer reached an agreement in principle to restructure its more than $1 billion debt to Glencore and four banks.
The project, being considered by the federal government, may cost as much as A$5 billion ($3.9 billion), according to one industry estimate.
The world’s 50 biggest investment banks made revenue of $1.6 billion from trading, selling derivatives and other activities in metals last year.
In just four months, Glencore Plc chief Ivan Glasenberg has lost two of his closest business allies, billionaires Oleg Deripaska and Dan Gertler.
Mining mogul Bob Murray offered a passionate defense of coal, asserting that we’d all “die in the dark” without it.
Two SGT-800 gas turbine generators and 25 year service agreement || Commercial operation expected in late 2021
Company now owns 90% of Compañía Minera Teck Quebrada Blanca, which main asset is the namesake copper project in Northern Chile.
Alberta is boosting its use of renewable energy, closing power plants that burn coal and in January increased its tax on carbon emissions by 50 percent.
Norwest will be integrated into Stantec’s energy and resources business, the company said.
Eight-week maintenance project at Syncrude that had been scheduled to start in April will start Thursday.
Partial updgrading would free up pipeline space and produce a grade of oil that's easier to refine and more valuable than the heavy grades produced currently.
Company expects to lose about 200,000 tonnes in steelmaking coal output.
Canada’s largest integrated energy company has filed an application for a massive new oil sands project defying expectations of slowing growth in the oil sands.
MGX Minerals will proceed with its previously announced partnership with Highbury Energy.
That's considering the combined rankings of all its provinces and territories, but Finland is the most attractive jurisdiction this year.
The mining industry is awash with cash, and so far it’s got two main uses — pay down debt and reward investors.