Oil Sands Mining News

The single biggest breakthrough in oil tech this year

Utah holds the largest reserves of oil sands in the United States, but up until now, no company had the technology to exploit these vast resources.

Canada’s controversial Trans Mountain pipeline squashed by court

Ruling effectively halts construction of the 1,150-kilometre project indefinitely.

The latest episode in the Crystallex-Venezuela saga

PDVSA filed an appeal requesting that a Delaware court vacate a decision granting the Canadian miner the right to seize its U.S. assets.

World's top refiner Sinopec posts record profit as oil recovers

China Petroleum & Chemical Corp. said its half-year earnings jumped to the highest level on record as refining profits climbed.

The secret to safer oil & gas pipelines: graphene

Only in the US, corrosion costs the oil and gas industry $1.4 billion a year.

The 30 countries leading the way in environmental credentials

List was complied using the environmental performance index (EPI), which has nine key categories: agriculture, air quality, biodiversity and habitat, climate and energy, forests, fisheries, health impacts, water resources, and water and sanitation.

US to allow mining on land removed from monuments

The US Bureau of Land Management has announced plans to allow increased mining on land that once belonged to two national monuments Donald Trump shrank.

Saudi Arabia and Iran reignite the oil price war

The rivalry between Saudi Arabia and Iran is becoming increasingly evident in the oil pricing policies of the two large Middle Eastern producers.

Soviet collapse echoes in China’s Belt and Road

Like the Soviet Union in the 1970s, China is coming to the end of a long labor-force boom and hoping that an orgy of investment will keep the old magic going while stabilizing its fraying frontiers.

Imperial testing driverless oilsands haulers at Kearl

Imperial Oil says it has commenced and is ready to expand field testing of driverless oilsands heavy haulers.

US State Department sees ‘minimum’ impact from Keystone XL new route

The alternate route approved last year by Nebraska regulators is expected to have minor to moderate effects on three of the eight environmental categories the U.S. State Department assessed.

Will BHP's CEO follow Top Miner's shale unit out of the door?

BHP Billiton Ltd.’s $10.8 billion of deals to exit its troubled U.S. shale unit will allow Chief Executive Officer Andrew Mackenzie to shower investors with returns. It may also be a chance for him to bow out on top.

BP pays $10.5 bln for BHP shale assets to beef up U.S. business

A unit of British oil major BP PLC will acquire BHP's unit which holds the Eagle Ford, Haynesville and Permian assets for $10.5 billion.

Canada scaring mining investors with long, unclear permit processes

Study released Tuesday by the Fraser Institute, British Columbia, Ontario and Quebec are the three main provinces where exploration permit processes have grown longer and less transparent over the past 10 years.

Miners wrote off almost one-third of investments over last decade

From the $939bn invested in major projects between 2008 and 2017, the world’s top 40 mining companies by market cap. wrote-off $273bn or 29% of the initial capital outlay.

Greece shortlists Glencore and Vitol in Hellenic Petroleum majority stake sale

Greece has shortlisted Anglo-Swiss Glencore and Swiss Vitol to submit a binding bid for a majority stake in the country's biggest oil refiner Hellenic Petroleum

Africa's richest man signs $650 mln Afreximbank loan for oil refinery

The seven-year term loan would attract a moratorium of five years, according to facility terms read out during the signing.

Suncor says Syncrude oilsands project to return to full production in September

Suncor expects pipeline shipments from its Syncrude oil sands project to be about 60 per cent to 70 per cent of total capacity in August.

Canada oil supply to stay tight with Syncrude down for weeks

Part of Suncor’s oil-sands facility will restart this month.

CHART: Copper, nickel, zinc prices – plenty upside just to revert to mean

Even after two years of gains, industrial metals trade well below 10-year mean prices. Silver looks cheap, but gold, crude may be fully priced already.

Cenovus becomes Canada’s third largest oil producer

Its acquisition of oil sands assets last year from ConocoPhillips has propelled the company into the highest ranks of Canadian oil production.

Outage in Canada’s oilsands is pushing U.S. crude to four-year high

Oil prices rose on Tuesday after Libya declared force majeure on some of its crude exports, while the loss of Canadian supplies helped lifted U.S. crude to 3-1/2-year highs.

Tenaris laying off Canada workers as Trump's steel tariffs bite

Teneris will lay off 40 workers at its TenarisAlgomaTubes plant in Ontario and adjust output there because of the U.S. tariffs on steel and aluminum imports.

The Saudis won't prevent the next oil shock

Unless demand falls back, or some of these outages dissipate, oil prices could be heading much higher.

Suncor set up for strong production for the remainder of the year

Suncor today announced that Q2 production to date averaged approximately 636,000 barrels per day (bbls/d).