Oil Sands Mining News

Athabasca Signs Land Use Agreement With Large Camp Provider at Poplar Creek

Athabasca Minerals Inc. ("Athabasca" or the "Corporation") (TSX VENTURE:ABM) is pleased to announce it has entered into a long term land use agreement (the "Land Use Agreement") with a large camp provider (the "Camp Provider") to transfer a 42 acre parcel of developed land out of the depleted portion of Athabasca's current miscellaneous lease at Poplar Creek to the Camp Provider.

House hears concerns over heavy crude

Industry advocates and environmental groups sparred over the issue of heavy crude shipments as U.S. lawmakers push for an oil sands pipeline from Canada.

North American Energy Partners Notified of Suspension of Work at Canadian Natural's Horizon Project

Further to the announcement issued by North American Energy Partners on Wednesday May 18th, the Company has now been notified by its customer, Canadian Natural Resources Limited ("Canadian Natural"), to suspend overburden removal activities at the Horizon Oil Sands project near Fort McMurray, Alberta. The suspension is being taken while Canadian Natural undertakes repairs to its primary upgrading facility, which was damaged in a fire in January 2011. The suspension of work notice was issued on May 18, 2011 at 2 pm and is effective until January 2, 2012.

Athabasca Oil Sand Corp chances on hefty Leduc oil discovery

Potential joint-venture partners have been intrigued by a hefty oil discovery Athabasca Oil Sands Corp. made by way of happy accident. Athabasca has been approached by "several" parties keen to get in on its position in the Leduc carbonate, president and chief executive officer Sveinung Svarte told Canadian Business in an interview. Worth $6bn on the Toronto bourse Athabasca is trading down close to 20% from record highs hit in March this year when the Calgary-based company announced that it acquired more than 1.0 million acres of petroleum and natural gas rights in the Deep Basin areas of northwestern Alberta from crown sales and third-parties.

CAPP issues latest forecast

The Canadian Association of Petroleum Producers (CAPP) expects that oil sands growth, coupled with new production from existing conventional oil reserves, will drive Canadian crude oil production to about 4.7 million barrels of oil per day by 2025

EnerVest Energy to pay 4.17-cent distribution July 15

EnerVest Energy and Oil Sands Total Return Trust (the "Fund") (TSX:EOS.UN) announces the June 2011 distribution of $0.0417 per unit. The record date for this distribution is June 30, 2011 and the payment date will be July 15, 2011. The ex-distribution date for this payment is June 28, 2011. The Fund is listed on the TSX under the symbol EOS.UN and is an actively managed, diversified closed-end trust investing in developers and miners of the oil sands industry as well as businesses that are indirectly involved with the oil sands industry through the provision of supplies and services.

Oil sands' impact on pipes needs study-US lawmakers

U.S. regulators should examine whether crude from Canadian oil sands corrodes pipelines and makes them more vulnerable to accidents, lawmakers said at a hearing on pipeline safety on Thursday.

Statoil's Leismer Project Produces 1MM Bbl Of Oil

We will continue to drive shareholder value through operational efficiency as we move into future phases of our oil sands business in Canada.” First oil at LDP was achieved in January 2011 and is expected to ramp up to its rated capacity of 18,800

How To Use ETFs to Predict Price Moves in Oil

ETFs, or Exchange Traded Funds, not only track the price of oil, but they can actually provide clues as to where the oil price is going. 

Statoil achieves production milestone with Leismer oil sands project in Canada

Canada, has achieved a production milestone of one million accumulated barrels of oil. First oil at the Leismer oil sands project was achieved in January 2011 and is expected to ramp up to its rated capacity of 18,800 barrels per day within 24 months.

Pipeline project from Canada raises concerns for U.S. agency

Protection Agency has expressed "significant" new fears about the safety of Calgary-based TransCanada Corp.'s proposed Keystone XL oilsands pipeline, criticizing decision makers in the Obama administration for conducting a flawed study of the project's

Oilsands generates thousands of jobs, billions of dollars in taxes across the country

When the Canadian Energy Research Institute (CERI) released its sixth-annual oilsands update in May, it highlighted the bright investment future of the industry.

Do We Take Canadian Oil for Granted

In a must-see clip for anyone who both has an interest in US energy policy and watches or plays ice hockey, The Daily Show with Jon Stewart last week humorously pointed out the lack of geopolitical risks that come from US dependence on Canadian oil imports.

Junior oilsands developers court investors

Junior oilsands developers and producers flaunted their wares this week at an investment symposium, touting land mass, technology and diversity to attract joint venture money. The bulkier the company, the more conversations to be held with prospective joint partners, said presenters at the Canadian Association of Petroleum Producers conference on Tuesday.

Opti Canada shares plunge as it misses $71m debt payment

CNBC reports Opti Canada Inc shares dropped to a record low on Wednesday as the troubled oil sands producer skipped a scheduled interest payment to conserve cash as it seeks to restructure its crushing debt. Opti shares fell 4 Canadian cents, or 27%, to 11 Canadian cents in the early afternoon on the Toronto Stock Exchange after the company said it wouldn't make a $71m interest payment due on Wednesday.

Clean Harbors completes acquisition of Peak Energy

Clean Harbors has been focusing its expansion efforts on Canada, and in western Canada in particular, where vast oil sands support a thriving energy industry. Peak provides drilling and production equipment and services to oil […]

Oilsands Quest shares down 15.1 pct since SmarTrend said sell BQI

SmarTrend identified a Downtrend for Oilsands Quest AMEX:BQI on April 14, 2011 at $0.43. In approximately 2 months, Oilsands Quest has returned 15.1% as of todays recent price of $0.36.

Tarred by science

Some time before the end of this month, an expert panel appointed by the Alberta government is expected to unveil recommendations for a "world-class" system for monitoring the environmental impact of oil sands on the Athabasca River basin.

Shell spends over $1 billion with Aboriginal contractors

Shell, as operator of the Athabasca Oil Sands Project announced on Monday that in just six years the project has spent over $1 billion working with over 70 Aboriginal contractors. Shell Canada Energy is 60% owner and operator of the Athabasca Oil Sands Project along with Chevron Canada (20%) and Marathon Oil Corporation (20%). The AOSP includes the Muskeg River Mine, Jackpine Mine and Scotford Upgrader.

Spike in labour costs could put a drag on oil sands investments

The Financial Post reports according to a new outlook from the Construction Owners Association of Alberta, the expected future labour need for 2011 is up significantly from this time last year. At the same time, the Construction Sector Council recently published a forecast that suggests that future trades industry labour supply will be limited. An 2011 report by Peters & Co., an oil sands investment house, predicted investment in Alberta's oil sands was set to reach a staggering $180bn over the next decade – 20% more than was spent during the height of the last boom.

Seair sells more groundwater treatment equipment

Seair announced on Monday it has sold a SA1200 diffusion tower to a major oil sands producer and Canadian Oil Sands Network for Research and Development (CONRAD) member, bringing the number of dewatering treatment units purchased by the producer to seventeen (17). The SA1200 is the largest diffusion tower Seair has produced to date with a flow-through capacity of over 19 m3 (5,000 gallons) per minute.

"Canadian Oil Sands Limited (COS.UN) – Oil and Gas – Deals and Alliances Profile" Published

Fast Market Research recommends "Canadian Oil Sands Limited (COS.UN) - Oil & Gas - Deals and Alliances Profile" from GlobalData, now available Canadian Oil Sands Limited (COS.UN) - Oil & Gas - Deals and

The Ultimate Guide to Natural Gas Investing – Seeking Alpha

Natural gas is a gas that consists primarily of methane and is widely used as an energy source around the world. The natural resource is important for the creation of fertilizers, and is now used […]

The Saudis Can't Save the Oil Market – Seeking Alpha

The oil markets are in decline today on the heels of a Saudi decision to provide additional crude volume. The move comes as divisions within OPEC intensify (for reasons we discussed in "What Iran's Oil […]

Today in Commodities: Two-Sided Trade – Seeking Alpha

This week’s activity has been far from one sided as markets are fluctuating in both directions with no clear direction. Weakness in equities, a rising dollar, a slowdown in China or a production increase in […]