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
Oil Sands Mining News
The seven-year term loan would attract a moratorium of five years, according to facility terms read out during the signing.
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.
Part of Suncor’s oil-sands facility will restart this month.
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.
Its acquisition of oil sands assets last year from ConocoPhillips has propelled the company into the highest ranks of Canadian oil production.
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.
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.
Unless demand falls back, or some of these outages dissipate, oil prices could be heading much higher.
Suncor today announced that Q2 production to date averaged approximately 636,000 barrels per day (bbls/d).
Multiple parties, including private equity firms such as Apollo and energy companies, have bid separately for individual packages of shale real estate.
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 is aiming to increase the use of household solar energy equipment to 12 percent by 2020, and 26 percent by 2030.
Higher production doesn't necessarily mean higher oil prices are entirely out of the question.
Energy producers expected to do more with less while focusing on the environment.
Britain’s Royal Bank of Scotland said it had tightened restrictions on project finance and general lending for high-carbon energy projects and companies.
As the year has progressed, the underbrush has gotten thornier, Trump's progress on trade has slowed, and now it has likely stopped altogether.
Iron ore is still a long way behind other commodity markets, such as crude oil, where paper trade exceeds physical by large multiples.
Despite its insatiable appetite for materials, India is yet to impose itself among the mining heavyweights like Australia, China or even the U.K.
Alberta's E3 Metals Corp. developed a chemical extraction process that allows lithium to be produced in hours.
Geopolitics has taken over the oil market, driving oil prices up to three-year highs.
Finance Minister says indemnification would stay in place even if Kinder Morgan walks away.
Majority of scientists classify nuclear as a sustainable and safe energy source, along with other renewables.
With limited upside for precious metal prices, miners are refocusing on productivity.
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.