Oil

$60 billion in oil sands projects frozen due to crude prices collapse — report

Cecilia Jamasmie | July 27, 2015
$60 billion in oil sands projects frozen due to crude prices collapse — report

And oil prices keep falling — they have kicked off the week in the red, with U.S. prices trading below $48 a barrel.

More headline risk around Alberta’s oil sands industry

IEEFA | July 28, 2015

Questions multiply on future of Canadian projects.

Oilprice.com

More job losses coming to U.S. shale

Oilprice.com | July 22, 2015

Surprisingly, a recent IHS study had revealed that the U.S. shale sector has been boosting job creation in addition to supporting around 1.7 million jobs in U.S.

BHP Billiton beats iron ore guidance, takes copper write-downs

Cecilia Jamasmie | July 22, 2015
BHP Billiton beats iron ore guidance, takes copper write-downs

The world's No.1 miner will continue boosting its iron ore output, adding to a global glut and keeping pressure on prices.

Oilprice.com

The multi-trillion dollar oil market swindle

Oilprice.com | July 15, 2015
Apache claims Australia's biggest oil find in 30 years

These distortions, which are affecting price through media hype and/or direct/indirect price manipulation, are quite possibly the largest in financial history.

BHP Billiton to take a $2.8 billion write-down on US assets

Cecilia Jamasmie | July 15, 2015
BHP Billiton to take a $2.8 billion write-down on US assets

With this impairment BHP will have written down its oil and gas business by more than $4 billion since 2011.

Baby Steps: Mackie's Bill Newman finds oil & gas plays that produce no matter what

The Energy Report | July 14, 2015

Volatility in the oil and gas markets continues, with prices plunging yet again in the recent chaos surrounding Greece's default negotiations and other global political and economic uncertainties.

Oilprice.com

OPEC, get ready for the second U.S. oil boom

Oilprice.com | July 14, 2015
US energy boom jeopardized, larger shale oilfields found

What OPEC countries fear most is a follow-up technological revolution that will lead to a second oil boom in the U.S., and that fear is now being realized.

Proven and productive: BNK Petroleum pumps growth from shale properties

The Energy Report | July 7, 2015

BNK Petroleum Inc. operates on some very productive property in the Oklahoma oil and gas shale and is making progress on developing shale resources in Europe.

Oilprice.com

Is Saudi Arabia leaving the U.S. behind for Russia?

Oilprice.com | July 7, 2015

The news from the recent St. Petersburg Economic Forum, which took place from June 18 to 20, inspired a torrent of speculation on the future direction of energy prices.

Investment to plummet 21% in B.C.’s mining, oil sectors in 2015: StatsCan

Business in Vancouver | July 6, 2015
oil and gas subsector best to worst

Investment in equipment, machinery and construction for B.C.’s mining, quarrying, and oil and gas sectors is expected to drop dramatically in 2015.

The World's 7 Largest Developing Liquefied Natural Gas Projects

Mirage Machines | July 1, 2015
LNG

Liquefied Natural Gas Infographic

Oilprice.com

U.S. oil glut an EIA invention?

Oilprice.com | June 29, 2015

In the latest weekly production data from the EIA, on the back of recent March revisions, the U.S. managed to post a 76,000 barrel per day increase in the lower 48.

Oilprice.com

Why Buffett bet a billion on solar

Oilprice.com | June 28, 2015

During the late innings of the ICE-age (as in the Internal Combustion Engine age) it has become clear that feeding gasoline and diesel to the next billion new cars is not going to be easy, or cheap.

Alberta's new emissions levy costly — Canadian energy industry

Cecilia Jamasmie | June 26, 2015
Alberta's new emissions levy costly — Canada’s energy industry

By 2017, large emitters will have to reduce the intensity of greenhouse gases by 20%, while carbon levies will double from $15 a tonne to $30 a tonne.

Study finds elevated greenhouse gases from Canadian oil sands' crude

NASDAQ OMX | June 24, 2015

A new peer-reviewed study funded by the U.S. Department of Energy says oil extracted from Canada's oil sands produces greenhouse-gas emissions that are an average 20% higher than for conventional U.S. crude.

'Rent' the oil space to blunt the jagged downside of volatility: Paradigm's Ken Lin

The Energy Report | June 16, 2015

Worried about a volatile oil and gas market? Paradigm Capital's Ken Lin advises waiting for quality companies to take a hit before swooping in to stock up, and then taking profits on the way up to avoid being caught in future carnage.

Imperial Oil begins production at Kearl oil sands as expansion completed early

Cecilia Jamasmie | June 16, 2015
Imperial Oil begins production at Kearl oil sands as expansion completed early

Production is expected to reach 110,000 barrels per day, bringing total production to 220,000 barrels per day.

World Coal Association urges G7 leaders to invest more in cleaner technologies

MINING.com Editor | June 10, 2015
World Coal Association urges G7 leaders to invest more in cleaner technologies

The industry body said that instead of fighting fossil fuels, industrialized nations should try to make them cleaner.

Investment in Canada’s oil sands to fall more than 30% this year

Cecilia Jamasmie | June 9, 2015
Investment in Canada’s oil sands to fall more than 30% this year

Meanwhile, the country’s overall oil production is expected to reach 5.3 million barrels a day by 2030, which is 1.1 million barrels per day lower than last year's expectations.

Enbridge to pay $4 million over 2010 Kalamazoo oil spill in Michigan

Cecilia Jamasmie | June 8, 2015
Enbridge to pay $4 million over 2010 Kalamazoo oil spill in Michigan

The proposed sum is on top of the $75 million the firm agreed to pay to Michigan last month.

G7 agrees to phase out fossil fuels by end of the century

Cecilia Jamasmie | June 8, 2015
G7 agrees to phase out fossil fuels by end of the century

U.S., Canada, Germany, France, the UK, Japan, and Italy agreed to cut greenhouse gases by phasing out the use of fossil fuels by the end of the century.

Oilprice.com

The evolution of the oil weapon

Oilprice.com | June 4, 2015

In the age of derivatives, swaps, and electronic money transfers, a new form of warfare has emerged: financial warfare.

Chile may be China’s next competitor in the rare earths market

Cecilia Jamasmie | June 4, 2015
Chile may be China’s next competitor in the rare earths market

Chilean company Mineria Activa is stepping up efforts to grab some of that market in a much greener way than China,

Ivanhoe Energy is bankrupt

Business in Vancouver | June 3, 2015

The company, which entered into creditor protection in February, announced June 3 it has been unable to reach a restructuring and refinancing deal with creditors.

Total, Shell exit coal mining

Cecilia Jamasmie | June 2, 2015
Total, Shell exit coal mining

Some of the world's top oil producers have decided to abandon coal and focus instead on ramping up production and trading of liquified natural gas as a cleaner fossil fuel alternative.

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