Oil Sands Mining News

Shell sells Canadian oil sands businesses in deals worth $8.5 billion

Once the deals close, there will be only three major companies — CNRL, Suncor and ExxonMobil majority-owned Imperial Oil Ltd. — dominating Canada's oil sands industry.

The 20 best mining schools in the world

The rankings are based on data for academic reputation, employer reputation, research citations per paper and research impact.

PDAC 2017 Convention exceeds expectations

Over 24,000 people attended this year's Prospectors & Developers Association of Canada’s Convention — a strong indication that confidence has returned to the mineral exploration and mining industry.

Canada's Gov't gives mining explorers a full extra year of tax credit

The 15% Mineral Exploration Tax Credit, which was slated to expire at the end of this month, has been extended until March 31, 2018.

Mining industry leaders meet again at PDAC 2017

For the second consecutive year, PDAC will host the International Mines Ministers Summit (IMMS) with 25 countries attending to it.

Oil sands jobs may be gone for good

With oil holding steady above US$50 a barrel since December after having bottomed out to about $26 in early 2016, energy analysts say the growth of automation and other labour-saving efficiencies could hold back many jobs from returning with the economic recovery.

Canadian miners to implement voluntary principles on security and human rights

Several MAC members already formally participate in the Voluntary Principles on Security and Human Rights Initiative (VPI) and several others apply the VPs for their operations abroad.

Oil majors' costs have risen 66% since 2011

The oil majors reported poor earnings for the fourth quarter of last year, but many oil executives struck an optimistic tone about the road ahead

Next oil rally? Futures say market Is tightening

U.S. oil inventories are at record levels, but there are a few glimmers of hope that the glut could be starting to subside.

Explorers frustrated with waiting times for permits in B.C., the Territories

On the level of transparency in the approvals process, jurisdictions in the US, Australia and Scandinavia performed better than Canada, a fresh report by the Fraser Institute, shows.

Canada’s Saskatchewan and Manitoba are the world's new top mining destinations

Both provinces displaced Western Australia from the first to the third place thanks partly to their rich mineral reserves, competitive tax regimes, efficient permitting procedures, and certainty surrounding environmental regulations.

Have the majors given up on Canada’s oil sands?

Canada’s oil sands could struggle to rebound, with potentially billions of barrels of oil being kept underground permanently.

This oil nation aims to colonize Mars

The UAE may not be the first country that comes to mind when one thinks of space exploration, but it has big plans to colonize mars, and it’s got the oil money to do it.

Enbridge buys stake in one of Europe’s largest wind parks for $1.7bn

The Hohe See wind park, to be located in the North Sea, has a planned capacity of about 500 megawatts.

Canada losing ground as mining investment destination

Report by the Mining Association of Canada (MAC) says the country is not in a good position to benefit from the increasing number of companies ready to make new and significant investments.

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.