Oil Sands Mining News

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.

The great oil sands era is over

Fort McMurray was once the second coming of the Klondike. Now, this oil town must adjust to the end of the boom.

Meet the Shalennials: CEOs under 40 making millions in Texas oil

It’s not hard to see why Sellers and Campbell are in such high demand in this hardscrabble city that has become the global center of the shale revolution.

Congo mining revenues triple in H1; oil revenues fall by a third

Democratic Republic of Congo's revenues from its mining sector nearly tripled in the first half of 2018 over the same period last year to $864.61 million.

Drones are revolutionizing the energy sector: Bullard and Curry

"Drones offer a cheaper and more effective way of monitoring infrastructure than traditional methods of sending workers to dangerous, remote terrain."

Iraq pumping oil at record levels, unaffected by protests

The country’s crude exports reached a record of 3.59 million barrels a day.

Pipeline plan decision may harm investment into Canada

The Federal Court of Appeal nullified the National Energy Board’s approval of Kinder Morgan Canada’s Trans Mountain pipeline expansion project.

South Africa to make oil, mining announcement in says, ANC says

An agreement has been reached on separating laws for the country’s oil industry and dropping a bill to govern the two sectors.

Helium prices spike 135% in US federal auction

"I've come for your helium."

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.