Move seeks strengthening the firm’s position as energy markets recover.
Oil Sands Mining News
S&P500 most expensive compared to commodities since late 1960s despite last year's rally in metals and mineral prices.
According to the EIA's Drilling Productivity Report, productivity (as opposed to absolute production) is set to fall next month in the Permian Basin.
The upcoming change in British Columbia’s government could stall the Canadian oil industry’s plans to compete globally by exporting crude to Asia—the world’s fastest growing refining market of which Middle Eastern producers, Russia, and now the U.S. are vying for market share.
Managing large-scale camps in remote locations involves balancing complex components across various systems.
Construction of the $7.4 billion project is scheduled to begin in September and should be completed by December 2019.
Only after a project got a conditional yes or no from the federal government would it enter a two-year environmental review.
As oil prices remain unsteady and OPEC continues to make headlines every hour, the world is focused on oil's immediate future.
Transaction could become one of the country’s one of the biggest-ever equity sales.
Cenovus Energy Inc. has closed its previously announced purchase of assets in Western Canada from ConocoPhillips after receiving all necessary regulatory approvals for the transaction.
During the mining trial done at a depth of 4,153 feet, engineers extracted each day around 16,000 cubic metres of gas, with methane content of up to 99.5%.
Since OPEC announced the production cut deal at the end of November, industry analysts have been warning that rising production from producers outside the deal—U.S. shale in particular—is effectively capping the oil price gains from that agreement.
The Lewis project would be located about 25 km northeast of Fort McMurray and could eventually produce up to 160,000 barrels a day.
So far in 2017 a number of global energy experts and commodities watchers have looked beyond the current reporting period and they see a growing long term demand for oil and gas.
Speaking this week at the Bloomberg New Energy Finance conference in New York, Total SA's chief energy economist, Joel Couse, forecasted that EVs will make up 15 to 30 percent of global new vehicle sales by 2030.
Over the weekend, Syncrude completed the necessary repairs and start-up activities to begin shipping product by pipeline.
Majors look to a future with renewable energy – and possibly without oil.
Pipeline shipments would restart at approximately 50% of capacity in early May.
Vancouver company focused on bringing $13 billion oil sands project into production before the end of the year
The biggest banks remain bullish on oil prices, but analyst projections about global supply and demand are increasingly diverging.
The fall was driven by a flood of shale natural gas supply and renewable power increasingly displacing coal, the International Energy Agency (IEA) said.
The Frontier project is located 110 kilometres north of Fort McMurray, in Alberta, around 40 kilometres from the Fort McKay First Nation's reserve.
Solar power, once derided as an expensive and unreliable energy source, has become a major generator of employment in the United States, according to new data supplied by The Solar Foundation.
If oil demand were to reach an actual peak, then the top might be easier to predict. As it stands, the forecast models of demand are likely predicting peak demand far later than it will be.
Equipment and services suppliers will have to wait at least another year until they can fully feel the impact of this trend, says CSA Global — the world's second-largest mining sector consultancy.