Oil Sands Mining News

Pembina reacts to Alberta environmental monitoring panel's…

Jennifer Grant, director of the Pembina Institute's oilsands program, made the following statement in response to the Alberta Environmental Monitoring Panel's report: "The environmental monitoring panel's recommendations are thorough. We urge the

CBC: Oilsands monitoring needs scientific rigour, panel says

A provincially-appointed expert panel is critical of environmental monitoring in the Canadian oilsands, according to a story today on CBC News: "Monitoring organizations suffer from inadequate funding, weak scientific direction and a general lack of resources to take on the enormous challenge of monitoring," the report states.

Oilsands monitoring needs scienitific rigour: panel

Beginning of Story Content Environmental monitoring in the Alberta oilsands is insufficient and needs to have "rigorous scientific design and execution" to be effective, a provincially-appointed expert panel concluded in a report released Tuesday.

Thawing Arctic now home to one-fifth of recoverable oil deposits

A new report by Global Data on the top 2011 oil and gas investment destinations claims as much as 22% of the world's undiscovered and technically recoverable oil and gas could lie within Arctic territories. Oil and mineral wealth coupled with the opening of new shipping routes are transforming cities and towns in the region. Apart from the Arctic and Canada's oil sands where new projects could up current production of 1.7m bpd by another 2.7m bpd, new discoveries in Ghana, Uganda and other parts of Africa which remain largely unexplored are also attracting billions in investment from foreign oil and gas companies.

What's next for Canada's oil sands?

With an oil pipeline to the west coast, Canada's oilsands could be the big swing producer in the global energy market, says Ralph Glass, Director of Energy Valuation and Operations at AJM Deloitte, an oil and gas technical consulting firm.

Hirsch: Energy innovation is key to our prosperity

and less damaging to the environment. We've done this before in Alberta. In the mid-1970s, the Alberta Oil Sands Technology Research Authority was a combined effort of government, industry and academics to make the oilsands work. Its most successful

Oil sands development is contaminating the Athabasca basin

Connecting the oil dots The jury is in: oil sands development is contaminating the Athabasca basin Click for full map Oil sands energy development along Alberta’s Athabasca River is scarring the landscape and driving away wildlife. But is

After Yesterday's Decline of 5.00 pct, Oilsands Quest Offers Investors Better Value (BQI)

Oilsands Quest (AMEX:BQI) traded in a range yesterday that spanned from a low of $0.30 to a high of $0.32. Yesterday, the shares fell 5.00%, which took

Canadian mining sector has a great April: Statistics Canada

Canadian base metal and coal miners were the nation's economic bright spot in April, according to report from Statistics Canada released on Thursday. The study, which looked at gross domestic product by industry, found that mining grew strongly while the rest of the economy was mostly flat.

Canada advances carbon capture projects

The Canadian government is close to imposing �performance rules� on large greenhouse gas emitters, starting with refineries and oil sands upgraders. The �unbelievably complex� regulations will involve government officials in �deciding what is

Madagascar Oil and Total drop Africa's biggest oil sands project

Madagascar Oil's annual report released on Thursday shows the company is scuttling its project with French giant Total to develop a 1.2bn barrel oil sand deposit on the island after three years of extensive work. The Bemolanga bitumen deposit adjacent the Tsingy de Bemaraha nature reserve (pictured) was first drilled in the late 1800s and would have cost upwards of $8bn to bring into operation. Madagascar Oil has been through a torrid six months – after raising $80m in its debut on the London AIM market in December the stock was suspended in March after the company declared a force majeure over threats of expropriation by the Malagasy governments of its other oil field Tsimororo. When it resumed trading this week the stock promptly lost 50% and has not recovered since.

Athabasca announce increase in reserves, accelerating development program

Athabasca Oil Sands Corp. (TSX:ATH) announced an increase in reserves and contingent resources in advance of the company's annual meeting on Friday and said it plans to boost its development program budget in the Alberta deep basin by more than $60 million. The increase in Athabasca's resources is a reflection of both the successful drilling program and the quality of its vast land base, president and CEO Sveinung Svarte said in a release.

Casualties of the energy wars

A 30-year war for energy pre-eminence? You wouldn't wish it even on a desperate planet. But that's where we're headed and there's no turning back.

Statoil stalls in oil sands case

The Norwegian state oil company faces 19 charges filed by Alberta Environment of violating the Canadian province’s Water Act and could face a maximum fine of C$11 million ($11.4 million) if found guilty.

Alberta Oilsands Inc share offer closes next week

Alberta OIlsands has been issued a final receipt for its short form prospectus dated June 30, 2011 filed in connection with the public offering of 15,431,200 common shares in the capital of the company at a price of $0.315 per common share for gross proceeds of approximately $4.86m. The Offering is expected to close during the week of July 4, 2011.

China looks at Canadian oil sands to help satiate future energy demand

Chinese energy companies are looking to grab a stake in western Canada’s abundant oil sands to support China’s growing and developing appetite for oil. Despite an increasing awareness of environmental issues and movement towards cleaner forms of energy, reality still dictates that the majority of the world runs on oil.

Mining truck tires now pricier than a Merc

China's insatiable demand for commodities has prompted a tripling in the price of mining truck tyres, making them more expensive than a Mercedes sportscar. Prices for tyres about 3.5 meters wide used on the Caterpillar trucks that haul iron ore and coal have touched $93,500 on the spot market, according to Leighton Holdings, a contractor for mining companies including BHP Billiton. Prices rose as high as $140,000 in 2008.

SilverBirch projects $22.9-billion on Frontier project

SilverBirch Energy Corp. has provided an update on the Frontier and Equinox oil sands mining project including the results of the design basis memorandum (DBM) study and information regarding the preliminary capital cost estimates.

Suncor upgraded to Outperform – analyst blog

We have upgraded Canada’s biggest energy firm and the largest oil sands outfit Suncor Energy Inc. (NYSE:SU) to Outperform from Neutral, reflecting the company’s impressive portfolio of growth opportunities, unique asset base and high return potential in the long run.

Stop-work order lifted at Horizon site

CNRL is getting closer to being back to full production at its Horizon oil sands facility.Occupational Health and Safety has lifted the stop-work order that's been in effect since an explosion injured four workers in January.

Council Gets First Hand Look At Oilsands

Turner Valley Mayor Kelly Tuck and some of her council colleagues spent a little time at the oil sands in Fort McMurray this spring. They were taking part in workshops on dealing with big industry and remediation projects. Tuck says they were kept busy.

Greatest threat to caribou herd in Canada isn't from wolves

Humans are a much bigger problem than wolves for a caribou herd in the oil sands area of Alberta, Canada, scientists reported last week in Frontiers in Ecology. Studies of scat of moose, caribou and wolves in the area showed that caribou accounted for

Canada oil sands now worth more than coal, crude and gas combined

The value of Canada's oilsands grew by 2,220% to $441bn from $19bn between 1990 and 2009, according to a Statistics Canada study released on Tuesday. That put the value of crude bitumen from the oilsands higher than the value of coal, crude oil and natural gas combined. In 1990, oil sands reserves under active development amounted to around 500m cubic metres; by 2008, they had increased eight-fold to 4,300m cubic metres, thanks to improvements in extraction technology, new discoveries and an increase in the global demand for crude oil.

Oil Sands and Heavy Oil Technologies Conference and Exhibition 2011

The Oil Sands and Heavy Oil Technologies (OSHOT) Conference & Exhibition is the premier showcase for innovative technologies and solutions aimed at providing answers to the unique issues in the oil sands

U.S. climate protests shift to blocking Keystone XL pipeline approval

Reuters reports that the advocacy organization 350.org is organizing a protest against Keystone XL, a proposed heavy oil pipeline. The market news is quoted as saying, A summons for civil disobedience at 1600 Pennsylvania Avenue this summer indicates they (conservationists) are unwilling to be anywhere near as lenient about a lightning rod of a proposed pipeline. It’s known as the Keystone XL and it could pump millions more barrels of heavy crude from Alberta, Canada’s oil sands mines to refineries along the U.S. Gulf Coast if the federal government greenlights it.