Oil Mining News

Enbridge buys stake in one of Europe’s largest wind parks for $1.7bn

The Hohe See wind park, to be located in the North Sea, has a planned capacity of about 500 megawatts.

Teck swings to profit in Q4 but misses expectations

The firm, North America's No.1 producer of coking coal, benefitted from the price rally — steelmaking coal climbed 155.5% to $207 in the quarter.

BHP to spend $2.2bn on US Mad Dog oil project

Expansion has the potential to increase production to 140,000 barrels of oil per day from the about 80,000 barrels it currently generates.

Teck, Suncor up cost of Fort Hills oil sands project

Cost per barrel, however, will remain at about $84,000 per flowing barrel of bitumen.

The oil war is only just getting started

It's been a month now that investors and analysts have been closely watching two main drivers for oil prices: how OPEC is doing with the supply-cut deal, and how U.S. shale is responding to fifty-plus-dollar oil with rebounding drilling activity.

CHART: Mining rally continues into 2017

Seaborne coal, tin prices are the big exceptions.

US, Canadian engineers back Keystone XL application, urge swift approval

Operating Engineers in the U.S. and Canada stand ready to build this essential piece of North American energy infrastructure.

TransCanada submits new application for Keystone XL permit

The company has spent at least $2.5 billion on the project, whose total cost if built would be at least $10 billion due to delays and permitting costs.

Oil poised to reach $80

We've been bullish on oil prices and published a piece last April predicting an energy shortage. I continue to think that is where we're headed.

Trump greenlights Keystone XL and Dakota Access pipelines

The US President has signed two separate orders that advance the construction of TransCanada’s Keystone XL and Energy Transfer Partners LP’s Dakota Access oil pipelines.

The top 5 places to work in U.S. oil and gas

Anadarko Petroleum and Chevron have emerged as the top two employers in U.S. oil and gas, according to a survey conducted by the job site Indeed.

Oil prices running out of reasons to rally

For the better part of two months, optimism surrounding the OPEC deal has buoyed oil prices, but bullish sentiment from speculators are showing early signs of abating, raising the possibility that the oil rally is running out of steam.

Canadian oil sands producers could fetch up to $15 more per barrel with this technology

The adoption of a“partial upgrading” technology could bring in hundreds of millions of dollars into Alberta's economy, a new study claims.

Tanker carrying bunker fuel runs aground off Nova Scotia 

A small tanker carrying bunker fuel ran into trouble off the Eastern Canadian coastline, but it appears that a disaster has been averted.

Freeport unloads California onshore oil assets for $592 million 

Freeport-McMorRan (NYSE:FCX) has divested another portion of its substantial oil and gas assets as the number one publicly-held copper producer continues on a path of debt reduction.

The craziest oil price predictions for 2017

Predicting where oil prices would go next month or next year has always been a game of hit and miss, all the more so in the past two years since the oil price crash began.

U.S. shale is now cash flow neutral

The IEA says that in the third quarter of 2016, the U.S. shale industry became cash flow neutral for the first time ever. That isn’t a typo.

Not so prolific: US shale faces a reality check

The collapse of oil prices has forced the U.S. shale industry to slash production costs.

Global oil and gas exploration likely to return to profitability in 2017

Dr Andrew Latham, vice president of exploration at Wood Mackenzie said: "The industry has a good chance of achieving double digit returns in 2017. Smarter portfolio choices and lower costs are already paying off."

Cenovus resuming Christina Lake oil sands expansion, boosts capex

Construction of the 50,000-barrel-a-day expansion will begin in the first half of 2017, the company said.

Risk of potential oil tanker spill ‘close to zero' — experts

Pipeline ruptures, bunker fuel spills pose a greater risk than a major oil tanker spill, they say.

[Video] Energy sources 101: these short videos explain the basics

If you’ve ever searched online for unbiased and fact-driven articles on energy, you’ve probably noticed that they can be quite rare. Almost every information source seems to be pushing an agenda.

Here’s what oil did the last time OPEC cut production

It finally happened. For the first time since 2008, the Organization of Petroleum Exporting Countries (OPEC) agreed to a crude oil production cut last week, renewing hope among producers and investors that prices can begin to recover in earnest after a protracted two-year slump, one of the worst in living memory.

Montney in high gear despite market uncertainty

Flux in gas demand, delay in Petronas decision among clouds on B.C. northeast’s horizon.

EPA’s proposed financial responsibility rule for miners a ‘job killer’ — industry

Norm aims at ensuring that hard-rock mining companies can pay the costs of cleaning up their mines, says EPA.