Oil Mining News

'Dirty, difficult, and dangerous': Why millennials won't work in oil

Like many industries today, the oil industry is trying to sell its many job opportunities to the fastest growing portion of the global workforce: Millennials.

BHP iron ore output hits new record but copper production tanks

World number one miner's Pilbara mines produce 268m tonnes for the year, but strike at Escondida sees copper output slide 16%.

The technical failure that could clear the oil glut in a matter of weeks

OPEC exports have come under pressure this week from technical threats to oil fields, with Saudi Arabia’s Manifa problems grabbing the headlines.

New biofuel technology cuts production time significantly

UBC Okanagan researcher helps develop cheaper and faster bioreactors

Canada’s Alberta forks over $50 million for emissions cuts at oil sands

Another $30 million will go to help fund 12 projects that tackle methane emissions in the province.

Cenovus CEO to retire as company sells up to $5bn in non-core assets

News come as the Calgary-based firm is trying to win over investors upset by its $17.7-billion acquisition of oil sands and natural gas assets from ConocoPhillips Co.

Oil prices set to rebound

The unpredictability of today’s oil market is leaving some investors burned by unexpected price gyrations.

Argentina passes mining act expected to create 125,000 new jobs

Agreement is part of plan to double investment in the sector to $25bn in eight years.

Oil sands projects growth to drive need for more pipelines — CAPP

Canada will need more pipelines built through to 2030 to transport an additional 1.3 million barrels per day of oil sands production to markets across North America and around the world, according to the Canadian Association of Petroleum Producers.

Weir Group expands into Asia with Singapore firm acquisition

Move seeks strengthening the firm’s position as energy markets recover.

Trump goes after another of the Obama-era protection rules to favour miners

The US administration will review federal plan to protect the dwindling population of greater sage grouse in 11 western states.

Has Permian productivity peaked?

According to the EIA's Drilling Productivity Report, productivity (as opposed to absolute production) is set to fall next month in the Permian Basin.

New BC government could jeopardize Canadian oil exports

The upcoming change in British Columbia’s government could stall the Canadian oil industry’s plans to compete globally by exporting crude to Asia—the world’s fastest growing refining market of which Middle Eastern producers, Russia, and now the U.S. are vying for market share.

Infographic | The next big hurdle for oil and gas is water use

In some counties in the U.S., especially those with lots of oil and gas activity, there are billions of gallons of waste water, brackish water, or saline water that aren’t potable for human consumption.

Regional integration key to unlocking economic potential in Latin America

There is a critical need for large-scale investment and regional integration to unlock greater economic potential and mitigate risks for the energy sector in Latin America and the Caribbean, report shows.

CHART: Hedge fund commodity bulls misread the market

Smart money's bullish bets on commodity futures and options slashed 64% from record high hit just three months ago.

Today's stunted oil prices could cause oil price shock in 2020

As oil prices remain unsteady and OPEC continues to make headlines every hour, the world is focused on oil's immediate future.

Shell speeds up exit from oil sands, selling stake in Canadian Natural Resources

Transaction could become one of the country’s one of the biggest-ever equity sales.

U.S. shale is immune to an oil price crash in 2017

Since OPEC announced the production cut deal at the end of November, industry analysts have been warning that rising production from producers outside the deal—U.S. shale in particular—is effectively capping the oil price gains from that agreement.

3 factors that are changing the oil trade

For the last five years, crude oil has been behaving a little differently than it has in the past.

BHP’s Mackenzie, Elliot Management face off

US activist investor steps up pressure on BHP to ditch petroleum. Mackenzie says company already knows what to do to lift value by 50% and double return on capital.

BHP ditching 'Billiton' in $10 million rebranding move

Move comes on the heels of calls from shareholders including activist investor Elliott Management and Australia’s Tribeca Investment Partners for a change of BHP's corporate structure.

Suncor plans to build new oil sands project in Canada

The Lewis project would be located about 25 km northeast of Fort McMurray and could eventually produce up to 160,000 barrels a day.

5 clean energy innovations that could transform our world

Innovations in energy storage, smart grid, and electricity generation technologies will affect every part of the source-to-consumer supply chain for powering the planet.

Argentina to pass new mining law this week

Governments, industry players, unions expected to sign federal mining agreement this week, which aims to double investment in the sector to $25bn in eight years.