For Environment Minister Peter Kent, it only gets harder from here. The minister spent his first hours on the job in the new cabinet receiving an international award for Ottawa’s conservation efforts. Now, he has to take on the oilsands. National parks are the shiny, bright side of Canada’s environmental policy, long recognized for preserving and protecting fragile lands and waters, and reintroducing endangered species. But Kent is also tasked with cutting Canada’s greenhouse-gas emissions by 17 per cent from 2005 levels by 2020 — with one hand tied behind his back.
Oil Sands Mining News
At first glance, you might think this is a stretch. How can snowpack levels in the West possibly have anything to do with the price of natural gas nationally? It turns out that Rocky Mountain snowfall has a huge impact… Resulting water runoff from the thawing period changes the capacity of hydropower on the West Coast… and that has a huge impact on natural gas demand. Plus it varies greatly from year to year.
Has oil moved into backwardation yet? What does corn’s roll yield look like? How do you know when it’s time to buy — or sell? Each week, we investigate the futures curves of the U.S.’ most important commodities, helping investors better understand the market and seize buy-and-sell opportunities as soon as they arise.
Reforms by Guinea's first freely elected government are needed to clean up a mining sector in disarray after decades of political turmoil, but they risk scaring off investors if they go too far too fast. The world's top bauxite supplier and a new frontier for iron ore, Guinea is rewriting its mining code, probing joint venture deals, and has dealt tough blows to major firms since the election of President Alpha Conde last November.
Ella Fitzgerald was absolutely brilliant. She had the most rabble-rousingly glorious voice, which cannot help but inspire. So by borrowing a few song sheets from her extensive back catalogue, I’m going to elaborate on some of the key issues in energy through ‘The First Lady of Song.’ First up we’re going to take a look at gasoline, which is ‘Bewitched, Bothered, and Bewildered.’
Markets do not need to trend higher or lower to trade if you trade both from the long and short side. Inside day in Crude oil as prices should close down approximately 1.50%. As we […]
now been notified by its customer, Canadian Natural Resources Ltd., to suspend overburden removal activities at the Horizon oil sands project near Fort McMurray, Alta. The suspension is being taken while Canadian Natural undertakes repairs to its primary
Earth Energy Resources Inc. could be the first to break ground in the Utah oil sands after the Canadian company won the right to excavate, according to a story posted by the Daily Brew: The U.S. could be set to open its first oilsands project after an Alberta-based company qualified for a permit to dig on 25 hectares (62-acres) in Utah. Earth Energy Resources Inc. could be the first to break ground in the Utah oil sands after the Canadian company won the right to excavate, according to a story posted by the Daily Brew: The U.S. could be set to open its first oilsands project after an Alberta-based company qualified for a permit to dig on 25 hectares (62-acres) in Utah.
The government of Alberta, on the global defensive for its management of the oilsands, says it will revoke a number of oil sands leases, leading some in the oil patch to bring up comparisons with Venezuela. The Globe and Mail reports: The Alberta government has proposed new environmental rules that would revoke a number of oil sands leases – including those which already have active projects – in an effort to protect sensitive habitat, wildlife and forest land in the most industrialized area of the province.
Golder Associates Corp., one of Canada's best-known specialized mining and environmental consultants, Monday acquired the Marston Group, a supplier of mine planning and geological services to the coal, oilsands and metals mining industries. The Montreal […]
European Union politicians are preparing to label Canadian oilsands a "dirty fuel," according to a report in the Globe and Mail, which could cause European oil companies to pull back investments in northern Alberta. That is fuelling fears that similar efforts could take place in U.S. states.
Husky Energy (TSX:HSE) has successfully raised $300 million through a public offering of 10 million preferred shares. Shareholders will receive an annual dividend of 4.45%, paid out quarterly, for an initial period ending March 31, […]
The Alberta government will collect three times more revenue than previously under its revamped mine security program, which pledges to collect money for mine reclamation, The Edmonton Journal is reporting. But existing companies will also get about a 10-year break in payments under the new system, which is geared to collecting more money in the later stages of a mine's life than in the early stages.
The Tyee online news-site, best known for edgy coverage of British Columbia politics, is publishing a series of reports on the hard-ball politicking going on in the corridors of power in Washington over Canadian oil sands. In the first installment, journalist Geoff Dembicki sets the stage for what he describes as a showdown between environmental groups and oil sands lobbyists: The battle line divides two viscerally opposed camps: Those arguing that North America's deepening dependence on Alberta's oil sands industry represents a pragmatic solution to looming energy crises, and those who say relying on oil sands crude marks an irreversible step closer to climate change catastrophe.
Investors banking on an across-the-board rise in commodity prices this year are setting themselves up for a fall and they should instead be actively managing for winners, Investec Asset Management said. After several years of commodity prices moving largely as one, Investec's co-chief investment officer Mimi Ferrini looks favourably on active strategies that are bullish on natural gas and crude oil, while playing the interaction between the asset class and related equities, like gold mining companies.
As unrest in Libya, Saudi Arabia and other Middle Eastern countries continues to put pressure on the price of oil, the head of Imperial Oil Ltd. is backing a multi-billion-dollar expansion project to bring Canadian oilsands crude to U.S. markets. The Wall Street Journal reports: A pipeline project that's pending U.S. approval is necessary to ensure the reliability and security of oil supplies to the world's largest oil consumer, the head of Imperial Oil Ltd. (IMO) said. Imperial Oil is a Canadian company majority owned by Irving, Texas-based Exxon Mobil Corp. (XOM), the world's largest publicly traded oil company.
Pan Orient Energy completed a previously announced bought deal financing of 6,870,240 common shares at a price of $6.55 per Common Share for gross proceeds of $45,000,072 on a private placement basis. The syndicate of underwriters was co-led by Raymond James Ltd. and Macquarie Capital Markets Canada Ltd. and included GMP Securities L.P., Canaccord Genuity Corp., Mackie Research Capital Corporation, Haywood Securities Inc. and Paradigm Capital Inc.
This article focuses on oil sands fine tailings management prior to being discharged to a final tailings dam so as to suggest a more sustainable solution.
A review panel has conditionally approved Alberta's nineth oil sands mine, giving its blessing to an application from French energy giant Total SA, the Globe and Mail has reported.
Think of oil sands mining, and images of mammoth machinery, digging and hauling bitumensoaked sand from pits to processing plants, immediately spring to mind. The procedure is dirty, requires huge amounts of natural gas and water, and scars the landscape to such […]
HERA RESEARCH NEWSLETTER: How will the BP catastrophe in the Gulf of Mexico affect the US oil and gas market? Rick Rule: What interests me — the fly in the ointment — about the blowout […]
Once considered too expensive and damaging to the land, exploitation of Canada’s oil sands is now a venture worth billions. The country has proven oil reserves of more than 170 billion barrels—second only to those in Saudi Arabia. Much […]
The accumulation of mature fine tailings (MFT) in tailings ponds has been a concern of the oil sands industry for nearly four decades. However, even when a few measures have been implemented, the industry is still using processes that […]
Canadian Mining Journal reports that ALBERTA – Calgary's Canadian Oil Sands Trust, 37% owner of the Syncrude project near Fort McMurray, has announced plans to expand synthetic crude oil production to 425,000 bbl/day by the […]
Imperial Oil has chosen Finning as a mining mobile equipment supplier for the Kearl oil sands project. The ten-year agreement includes the supply of Caterpillar equipment, parts, specialized maintenance labour and training. The Kearl project is envisioned to be developed in three phases and could ultimately produce more than 300,000 barrels/d of bitumen. The first [...]