Oil Mining News

Oil prices to rise in 2017: World Bank

The new forecast is a response to OPEC's decision to limit production after a long period of unrestrained output.

BHP Billiton to lose chairman Jac Nasser next year

He said he had intended to announce his retirement last year but chose to stay on while BHP dealt with the aftermath of the Samarco mine disaster in Brazil.

World’s top miner BHP Billiton finally sees signs of recovery in mining

BHP is not the first major player to flag green shoots in the mining industry. Caterpillar, the world's largest heavy machinery maker, said the same last month.

New Oil Categories Extend Off-Road Diesel Engine Performance & Protection

The new API CK-4 oils deliver many benefits that directly address major issues with off-road equipment, including extended drain intervals, reduced engine wear, and ability to extend engine rebuild intervals.

Infographic | What Americans actually think about energy and the climate

There is a wealth of information to be explored in the modern era, and there’s no shortage of new ideas or contrary viewpoints to be discovered.

For how long can OPEC talk up oil prices?

Not a day passes without OPEC making oil and gas headlines, and today is surely no exception.

World’s No. 1 miner BHP Billiton put its money on oil and gas

The company believes the market is set to move back into balance in 2017, with demand to exceed global supply.

Canada’s oil industry to lose $10 billion this year

The Conference Board of Canada also expects the oil industry’s losing streak to last three years, from the last quarter of 2014 through to the second quarter of 2017.

Precious metals, nickel, zinc likely to outperform over next 2 years — analysts

The commodity research teams at Macquarie and Barclays, however, are not as optimistic when it comes to potash, aluminum and steel.

Enbridge selling major Saskatchewan pipeline system in Cdn$1 billion deal

Cash from the sale will be used to proceed with the takeover of Spectra Energy and fund other growth projects.

Oil soars 6% as OPEC reaches deal to limit output in November

Brent crude was up $2.76, or 6%, at $48.73 a barrel.

Where will oil prices go after Algiers?

The outcome of negotiations in Algeria this week may not do much to rescue oil prices.

If Trump wins, he'll scrap Clean Power Plan and go after EPA 

In a nutshell: Less rules, more drilling and more digging.

Frack Sand: The unsung hero of the OPEC oil war

The late-2014, Saudi-initiated oil-price war may have taken the 'boom' out of the US shale industry as it seriously threatened OPEC market share, but Saudi victory has been elusive.

Suncor to take $80 million hit after Nova Scotia project found non-commercial

The charge is related to the first exploration well of its joint venture in the Shelburne basin, south of Nova Scotia.

How oil is formed

Does the oil we use today originate from the remains of dead dinosaurs? No, but the actual answer is just as interesting.

Canada OK’s three new oil sands projects

The proposed operations, worth about $3 billion in potential investments, could add up to 95,000 barrels of oil per day to current output.

Mining threats UNESCO World Heritage Sites in Canada

Out of 75 documented threats against nine designated natural and cultural sites, 23 belong to the "physical resource extraction" category.

How North Dakota’s native protest against oil pipeline became an American movement

The 1,770 kilometre, $3.7-billion (U.S.) Dakota Access pipeline would carry oil from just north of the Standing Rock Sioux’s land in North Dakota to Illinois.

The next sector to recover from the oil price crash

A recent report by Arkansas Online says the energy industry's support sector could feel the effects of low oil prices for up to two years after the current bear market recovers.

How millennials could bring the oil industry to its knees

Maybe in better times, the staggering population of the millennial demographic would be a hurdle over which Big Oil could easily leap. But times are tough, and that isn’t our today.

Canada’s Enbridge drops Sandpiper crude oil pipeline

The $2.6 billion project for a pipeline from North Dakota to Wisconsin will be on hold until market conditions improve.

Why Wall Street is throwing billions at the Permian

The collapse of oil prices has ground shale drilling to a halt, but the one region where drilling is still active, and even increasing, is in West Texas.

Oil sands stoppages push Canadian GDP down to 2009 recession levels

The country’s economy shrank 1.6% in the April-to-June period, the largest quarterly decline in seven years.

Which countries are damaged most by low oil prices?

This week's chart looks at costs per barrel, exports, and total oil production.