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.
Oil Sands Mining News
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.
Escalating production from both the OPEC and other global players, including Russia, Brazil and Kazakhstan, could lead to relentless supply growth, the IEA said.
Move will push up costs by Cdn$250 million ($187M).
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.
EVs could demand enough copper, other metals to dwarf oil market fallout: BHP
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.
If passed and enacted, the ruling will forbid oil sands producers from collectively emitting more than 100 megatonnes of greenhouse gases a year.
Kinder Morgan expects a final decision on pipeline twinning process within four to six weeks.
A technical meeting that was supposed to iron out some wrinkles for a deal to cut oil production ended in acrimony over the weekend, and OPEC's effort at coordination could be at yet another impasse.
Sale includes PCLI's production and manufacturing centre in Mississauga, Ontario and the global marketing and distribution assets held by PCLI including its global offices.
Miners have to look at debt, private investors and alternative financing like pre-pays for growth capital according to new report.
Director Fisher Stevens recently said he was "really horrified" by how the landscape looked in north-eastern Alberta.
The mining giant, North America's largest producer of steel-making coal, has raised its production forecast for the year.
Investors and market participants can now actively monitor and speculate outright on the price of Canadian natural gas.
Oilsands producers are likely to face a pipeline shortage in coming years, even amid growing optimism that a major pipeline could soon receive federal approval and ease industry’s pipeline constraints.
The new forecast is a response to OPEC's decision to limit production after a long period of unrestrained output.
He said he had intended to announce his retirement last year but chose to stay on while BHP dealt with the aftermath of the Samarco mine disaster in Brazil.
KalTire Canada's VP of Operations talks about company's innovations when it comes to monitoring, changing and recycling tires.
BHP is not the first major player to flag green shoots in the mining industry. Caterpillar, the world's largest heavy machinery maker, said the same last month.
Suncor and Mikisew Cree First Nation today announced the signing of a participation agreement for the purchase by MCFN of a 14.7% interest in Suncor's East Tank Farm Development.
Investors have seen a rise in the market capitalization of top junior mining companies on the TSX Venture Exchange by more than 100% compared to last year.
The Conference Board of Canada also expects the oil industry’s losing streak to last three years, from the last quarter of 2014 through to the second quarter of 2017.
Feds plan to establish a “floor price” on carbon pollution of $10 a tonne in 2018, rising to $50 a tonne by 2022.
Calgary-based US Oil Sands is seeking over $6 million by year-end to finish $62.5-million project.