Oil Sands Mining News

ConocoPhillips looks to Canada's tar sands

July 8 (UPI) -- U.S. supermajor ConocoPhillips said it aims to get approval to start development of oil sands in the Canadian province of Alberta within 18 months. Shell Canada and other supermajors are petitioning the Canadian government for regulatory

Devon baits Jackfish plan

Devon Canada is considering expanding its northern Alberta, Canada oil sands operations to include a new 140,000-barrel-per-day in situ project near its existing Jackfish leases.

Canada's reputation tied to oilsands, says retired industry boss

Without better oilsands monitoring, Canada runs the risk of being put firmly in the category of a developing country with big industry but few environmental regulations, says an oil industry insider says an oil industry insider who co-chaired a provincial oilsands panel.

AJM Deloitte releases June 30, 2011 oil and gas price forecast

A strong Canadian dollar, a well-supplied North American market and a lack of access to international markets continues to dampen Canadian domestic oil and gas prices according to a quarterly price forecast released today by AJM Deloitte.

TSX heads for higher open amid rising commodities, positive employment news

TORONTO - The Toronto stock market appeared set for a slightly higher open Thursday as oil prices got a boost from data showing that U.S. crude supplies fell more than expected for a second week, suggesting demand is improving. The Canadian dollar rose

NYMEX-Crude up after US inventory drop, ADP jobs data

* Bullish on oil, especially H2 2011 - Morgan Stanley * U.S. crude, product stocks fell last week - API * Coming up: EIA oil stocks data, 11 a.m. EDT Thursday NEW YORK, July 7 (Reuters) - U.S. crude futures fell on Thursday ahead of a government report

Oilsands executives say activity upswing different this time around

Major oilsands executives told a conference Wednesday that they don't see the latest upswing in activity leading to the same red-hot cost inflation they grappled with before the 2008 financial meltdown.

Alberta Oilsands to present at TD Securities Unconventional Energy Conference (FILSRCCA)

/FSC/ - Alberta Oilsands Inc. (AOS - TSX Venture), is scheduled to deliver a corporate presentation today July 6, 2011 at the TD Securities Unconventional Energy Conference in Calgary at the Sheraton Suites Eau

Top 10 metals and minerals projects in Canada total $57.3bn

The Top 10 Metals & Minerals Industry projects in Canada are dominated by large-scale oil sands and metal mining projects. What was once considered a large project is being dwarfed by today's mega-projects. Projects exceeding $1 billion are no longer rare, but commonplace. Currently, there are 67 projects in Canada with a total investment value (TIV) of $1 billion or more.

Oilsands Quest Provides Update on Strategic Alternatives Review Process

Oilsands Quest assessed the results of the formal strategic alternatives process launched on August 17, 2010, which explored options to enhance shareholder value. After opening a data room and holding discussions with several entities in recent months, Oilsands Quest has achieved a clear understanding of asset development that potential partners or purchasers are seeking.

ProSep annouces $1.8 million in new contracts

ProSep announced it was awarded $1.8 million in new contracts to supply a produced water treatment system for installation on a deepwater Gulf of Mexico facility and crude dehydration equipment for two oil sands facilities located in Alberta, Canada.

Canada's controversial 'oil sands' pipeline project

An ambitious pipeline project to link the oil sands of Alberta province to a future terminal on Canada's west coast holds out the promise of billions of dollars in revenue, and the prospect that the world's

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.