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.
Oil Sands Mining News
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.
The commodity research teams at Macquarie and Barclays, however, are not as optimistic when it comes to potash, aluminum and steel.
Cash from the sale will be used to proceed with the takeover of Spectra Energy and fund other growth projects.
Cash optimization, capital access and productivity top EY’s 2016-17 business risks.
Brent crude was up $2.76, or 6%, at $48.73 a barrel.
The outcome of negotiations in Algeria this week may not do much to rescue oil prices.
Canada is sending a record amount of oil to the United States, filling pipelines to capacity and threatening to push more crude into rail cars.
The late-2014, Saudi-initiated oil-price war may have taken the 'boom' out of the US shale industry as it seriously threatened OPEC market share, but Saudi victory has been elusive.
The charge is related to the first exploration well of its joint venture in the Shelburne basin, south of Nova Scotia.
Natural Resources Minister Jim Carr has until Thursday to make a decision.