Oil Sands Mining News

One of world's dirtiest oil sources wants to go green

Alberta is boosting its use of renewable energy, closing power plants that burn coal and in January increased its tax on carbon emissions by 50 percent.

Stantec to boost oilsands mining operations and reclamation exposure with acquisition of Norwest

Norwest will be integrated into Stantec’s energy and resources business, the company said.

Suncor output to suffer from early start of Syncrude maintenance

Eight-week maintenance project at Syncrude that had been scheduled to start in April will start Thursday.

Oil sands upgraders may make a comeback amid pipeline crisis with $1-billion Alberta pledge

Partial updgrading would free up pipeline space and produce a grade of oil that's easier to refine and more valuable than the heavy grades produced currently.

Teck restarts Elkview dryer, to lose 200,000 tonnes of coal production

Company expects to lose about 200,000 tonnes in steelmaking coal output.

Suncor Energy files application for 160,000-bpd Lewis oilsands project

Canada’s largest integrated energy company has filed an application for a massive new oil sands project defying expectations of slowing growth in the oil sands.

Vancouver company obtains positive results in process of extracting metals from petcoke

MGX Minerals will proceed with its previously announced partnership with Highbury Energy.

Canada the world's overall top mining destination, despite Saskatchewan fall

That's considering the combined rankings of all its provinces and territories, but Finland is the most attractive jurisdiction this year.

Miners rich in cash are aiming for fat dividends, debt payments

The mining industry is awash with cash, and so far it’s got two main uses — pay down debt and reward investors.

Teck Resources down despite better profit in Q4

The firm, North America's No.1 producer of coking coal, said the boost in profit was mainly thanks to the reversal of an impairment charge related to an improvement in the outlook for steelmaking commodity.

Suncor Energy hikes stake in Syncrude in $730 million deal

Canada's largest energy producer also buys into Norwegian Sea oil project.

Oil prices ravaged by financial turmoil

Oil prices fell back suddenly over the last few trading sessions, dragged down by some forces beyond the oil market. 

Exposure to chemicals used in fracking may cause pre-cancerous lesions in mice

US researchers have found that female mice exposed to mixtures of chemicals used in unconventional oil and gas (UOG) operations during prenatal development had abnormal mammary glands in adulthood. Some even developed pre-cancerous mammary lesions.

Commodity boom has a dark side as cost creep erodes windfall

Mining and metal companies are rediscovering the downside of rallying prices: higher costs.

Suncor Energy implements first commercial fleet of autonomous haul trucks in the oil sands

Over the next six years, the company expects to deploy more than 150 autonomous haul trucks in the full program, which will be one of the largest investments in electric autonomous vehicles in the world.

CHART: Hedge funds have never been this bullish about the oil price

Large scale speculators in West Texas Intermediate and Brent crude oil futures have built up bullish positions equivalent to a staggering 1 billion barrels.

Canada’s Fort Hills oil sands project delivers first bitumen

Project is on track to reach 90% of capacity — or 194,000 barrels per day — by the end of the year.

TransCanada gets enough commercial support to go ahead with Keystone XL

Company said having route approval in Nebraska and the necessary commercial support for the pipeline brings it closer to a final investment decision.

OPEC-Russia oil deal renews threat from Canadian oil sands

A fresh surge in U.S. and Canadian oil production would wreck all of OPEC's hard work.

Canadian companies want to extract nickel, vanadium, cobalt from petcoke

They're running a study led by Paul Watkinson, who has investigated the conversion of carbonaceous solids into gaseous and liquid fuels.

Following detention, journalist publishes controversial story about Venezuela’s Mining Arc

Rampant violence and corruption are the norm in the mines of the southern Guayana region.

Tenova TAKRAF defines the new generation of extreme class crushers

Tenova TAKRAF has recently developed a symbiotic niche in the oil sands industry.

Oil tanker still on fire in the East China Sea

The Sanchi collided with a cargo ship about 260km off the coast of Shanghai.

U.S. expects domestic crude output to hit records in 2018, 2019

Oil production is seen as topping 11 million b/d in November 2019.

Osum Oil Sands to double capacity at Alberta site

The company's CEO said they are moving closer to their goal of producing 20,000 barrels per day at Orion.