Oil Sands Mining News

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).

BHP said to get shale bids valuing unit up to $9 billion

Multiple parties, including private equity firms such as Apollo and energy companies, have bid separately for individual packages of shale real estate.

Canadian oil has record day after Enbridge scraps new rules

Western Canadian Select jumped as much as $12.20 a barrel to $13.80 below the U.S. benchmark Monday, the narrowest spread since May 16.

Vietnam sets out green ambitions with bold targets for solar, rare earth

Vietnam is aiming to increase the use of household solar energy equipment to 12 percent by 2020, and 26 percent by 2030.

Emerging market meltdown could undermine oil rally

Higher production doesn't necessarily mean higher oil prices are entirely out of the question.

Digitization can decrease production cost for oil and gas companies by 10% to 20%

Energy producers expected to do more with less while focusing on the environment.

RBS to stop financing new coal plants, oil sands or arctic oil projects

Britain’s Royal Bank of Scotland said it had tightened restrictions on project finance and general lending for high-carbon energy projects and companies.

Trump "victories" on trade are anything but

As the year has progressed, the underbrush has gotten thornier, Trump's progress on trade has slowed, and now it has likely stopped altogether.

China opening may spark iron ore to become more like crude oil: Russell

Iron ore is still a long way behind other commodity markets, such as crude oil, where paper trade exceeds physical by large multiples.

Agarwal wants to build Indian commodity giant to rival majors

Despite its insatiable appetite for materials, India is yet to impose itself among the mining heavyweights like Australia, China or even the U.K.

Petro-Lithium production represents diversification of Alberta’s energy economy

Alberta's E3 Metals Corp. developed a chemical extraction process that allows lithium to be produced in hours.

IEA: high oil prices "taking a toll" on demand

Geopolitics has taken over the oil market, driving oil prices up to three-year highs.

Ottawa offers to cover losses on Trans Mountain delays — for any company

Finance Minister says indemnification would stay in place even if Kinder Morgan walks away.

The world’s safest source of energy will surprise you

Majority of scientists classify nuclear as a sustainable and safe energy source, along with other renewables.

No 'one-size-fits-all' when making mines productive

With limited upside for precious metal prices, miners are refocusing on productivity.

Shell sells stake in Canadian Natural Resources for $3.3 billion

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.