Oil Sands Mining News

Main contractor on Shell LNG Canada project cancels bidding

CFSW LNG Constructors – a consortium of four major engineering and construction firms and the lead contractor for LNG Canada – has cancelled the bidding process for the project.

Montney in high gear despite market uncertainty

Flux in gas demand, delay in Petronas decision among clouds on B.C. northeast’s horizon.

Rodent bait from oil sands poisoning animals commonly trapped in Alberta

Companies respond by banning rodent poison.

Trudeau approves Trans Mountain pipeline, kills Northern Gateway

Trudeau approves Trans Mountain and Line 3 replacement project, rejects Northern Gateway.

Canada expected to make pipelines announcement today

Supporters and opponents of oil pipeline projects have been gearing up with preemptive moves this week in anticipation of announcements expected late Tuesday by the federal government.

Oil comes back to life in Canada

Two years after the collapse in oil prices forced the oil and gas industry to scale back drilling, the Canadian Association of Oilwell Drilling Contractors (CAODC) is forecasting a year-over-year increase in the number of wells drilled in Canada.

Alberta inks $1.36bn deal with three firms to shut down coal plants

Payments will be done over the next 14 years to compensate the firm for shutting down their plants earlier than originally planned.

Donald Trump’s stock in Dakota Access oil pipeline company prompts concern

Trump’s investments could affect any decision he makes on the US$3.8 billion project as president.

B.C. First Nations, government ink multi-million dollar Coastal GasLink deal

The new new agreement on the Coastal GasLink natural gas pipeline project will help ensure that the Saulteau community can participate in and benefit from B.C.'s LNG opportunity.

Oil consumption outlook fuels further pipeline debate

Fossil-fuel-free future far off as world demand to increase, says the International Energy Agency.

Carbon tax won't affect oil sands development if crude rises above $60 — report

That's the estimated minimum price oil sands companies need to go ahead with their projects, and if it's reached then the extra cost of a carbon tax likely won't sway a decision.

Shell Canada boss says stay the course on carbon pricing as Quest CCS project exceeds expectations

Royal Dutch Shell, a long-time advocate of pricing carbon, says the strategy needs to be maintained regardless of what happens south of the border.

$1.2-trillion ‘Wolfcamp' discovery means Canada's oilsands should fear Texas

The oilsands suddenly have a real reason to fear Texas.

Canada to fully phase out coal power by 2030

Gov’t will work with the four provinces that still burn coal to reach the goal of making sure 90% of Canada's electricity comes from sustainable sources by 2010.

Teck Resources to buy Toronto’s AQM for $25 million

Move will give the Vancouver miner 80% ownership of Zafranal Peru copper mine project

Are the Saudis about to reveal the best kept secret in oil?

Saudi Arabia is preparing to unveil how much oil it holds, a closely guarded state secret that has been kept quiet for decades.

Miners increased spending positive, but far from reaching staff just yet

While most miners have managed to straighten the balance sheets, they have not began preparing to deal with a new looming risk —their ability to access workers with the skills needed in an upswing.

Suncor Energy sees higher output, lower spending in 2017

Canada’s largest oil and gas company expects production to rise by more than 13% next year and spending to fall by more than $1 billion.

IEA warns global markets to remain flooded with oil without OPEC cut

Escalating production from both the OPEC and other global players, including Russia, Brazil and Kazakhstan, could lead to relentless supply growth, the IEA said.

Japex postpones oil sands expansion project to mid-2017

Move will push up costs by Cdn$250 million ($187M).

Canadian oil sands giant testing autonomous haul trucks

The largest Canadian oil sands producer confirmed last week it has embarked on a one-year pilot project involving the use of six 400-tonne Komatsu autonomous haulers in an isolated part of Suncor's mine site in northern Alberta.

Electric cars to reshape copper and oil demand

EVs could demand enough copper, other metals to dwarf oil market fallout: BHP

Here’s how Suncor increased productivity, cut incidents with blended training

Suncor experienced a 50% reduction in incidents and a 3.5% productivity increase by training trucks operators using both computer-based and hands-on tools.

Canada’s Alberta wants to cap oil sands emissions

If passed and enacted, the ruling will forbid oil sands producers from collectively emitting more than 100 megatonnes of greenhouse gases a year.

Trans Mountain pipeline is nowhere close to approval

Kinder Morgan expects a final decision on pipeline twinning process within four to six weeks.