Oil

Canada's oil sands cash flows set to drop by $21 billion

Cecilia Jamasmie | February 24, 2015
Canada's oil sands cash flows set to drop by $21 billion

Current operational costs for producers have reached $37 to $40 per barrel. Benchmark U.S. crude, meanwhile, is trading at around $50 a barrel.

Macquarie's Brian Bagnell: Forget peak oil; worry about peak demand

The Energy Report | February 26, 2015
Colleen - sea, oil, oilfield, fuel, petroleum, production, gas, steel, pipe 333

Brian Bagnell of Macquarie Capital Markets has two caveats for investors in junior oil and gas companies: Expect extreme volatility, and don't expect oil prices above $70/barrel anytime soon.

Oilprice.com

Is oil returning to $100 or dropping to $10?

Oilprice.com | February 25, 2015

If you have been following the price of oil over the last few months, the chances are you're a little confused. On the one hand you have the likes of A. Gary Shilling who, in this Bloomberg article, loudly trumpets …

Maine’s mining rules review may open door to Canadian gold, copper project

Cecilia Jamasmie | February 24, 2015
Maine’s review to mining rules may open door to Canadian gold, copper project

Canada's J.D. Irving Ltd. hopes to build a massive open-pit copper and gold mine at the state's Bald Mountain.

Oilprice.com

The easy oil is gone so where do we look now?

Oilprice.com | February 24, 2015

In 2008, Canadian economist Jeff Rubin stunned the oil market with a bold prediction: With the world economy growing at 5 percent a year, oil demand would grow with it, outpacing supply, thus lifting the oil price from $147 to over $200 a barrel.

Modest tailwinds could blow life into mining equities in 2015: Shane Nagle

The Gold Report | February 23, 2015
Sandvik sees global mining equipment demand picking up

In this interview with The Gold Report, Nagle selects some promising precious metals stories, along with his two top picks in the base metals space.

First BC oil slump casualty: Ivanhoe Energy faces bankruptcy

Business in Vancouver | February 23, 2015
Bank sign above entrance

The company has filed for creditor protection and faces possible bankruptcy.

Cecilia Jamasmie

Canadian oil sands producers hike output despite dim crude price

Cecilia Jamasmie | February 20, 2015
canadian-oil-sands-producers-hike-output-despite-dim-crude-price - 333

Oil companies in Canada, the world’s fifth-largest crude producer, are not showing any signs of cutting down output, despite fuel prices more than halving in the past six months.

Oilprice.com

Why oil prices must go up

Oilprice.com | February 19, 2015
Oil rig in North Dakota

It may be difficult to look beyond the current pricing environment for oil, but the depletion of low-cost reserves and the increasing inability to find major new discoveries ensures a future of expensive oil.

Oilprice.com

Oil's survival of the fittest: interview with Stan Szary

Oilprice.com | February 11, 2015
worker-near-large-oil-pipe-construction-site-333

The biggest winners will be those investors who are stepping into the market right now, investing in conventional oil stories.

Oilprice.com

Increasing demand for refined products will increase oil prices

Oilprice.com | January 29, 2015

My opinion is that all of the analysts who are now blaming the sharp drop in oil prices on a “glut” of supply could change their tune quickly as consumers adjust to lower fuel costs.

Jason Mayer: the budgets of oil producers today are still a little delusional

Sprott's Thoughts | January 27, 2015

The price of oil appears to be settling into a new price range, leaving oil sector profits at significant risk.

UBC votes on removing fossil fuel investments from endowment

Business in Vancouver | January 27, 2015

Divestment intended to put political pressure on the Canadian government to adopt a national carbon pricing system, says campaigner.

No recession for Alberta, just ‘zero growth’ as oil price nosedives

Cecilia Jamasmie | January 26, 2015
No recession for Alberta, just ‘zero growth’ as oil price nosedives

According to TD's latest report, real GDP growth in Alberta will inch forward by only 0.5% this year before speeding up to 1.8% in 2016.

SNL Energy: oil shock extends its reach to BDCS, Fintech

SNL Energy | January 26, 2015

Consumer-facing financial technology companies may benefit from lower prices at the pump, while certain business development companies have come under pressure as the energy sector suffers.

Colombian gold CEO involved in $970m laundering case arrested

Cecilia Jamasmie | January 22, 2015
Colombian gold CEO involved in $970m laundering case arrested

Prosecutors claim the gold company and its top executives are at the centre of a money-laundering scheme involving cocaine traffickers.

Global mining sector ended 2014 on a disappointing note: report

Cecilia Jamasmie | January 21, 2015
Global mining sector ended 2014 on a disappointing note: report

December is a period that sees lower levels of exploration and resource announcements, and last month was every bit as disappointing as expected, an SNL report shows.

Oilprice.com

Oil price collapse hurting some more than others

Oilprice.com | January 21, 2015

U.S. oil and gas rig counts dropped to their lowest level in over four years, falling by an additional 74 units for the week ending on January 16. The lower count provides fresh evidence that low oil prices are forcing drillers to pare back operations and slash spending.

Rise and fall: power and gas prices plummet from 5-year highs during frigid start to 2014, as coal prices continue decline

SNL Energy | January 21, 2015

As the polar vortex froze much of the U.S. at the beginning 2014, the period of intense cold created demand, supply and transportations factors that led to the highest prices for power and spot gas seen over the past five years.

China’s alleged intentions to mine Antarctica spark global debate

Cecilia Jamasmie | January 21, 2015
China’s alleged intentions to mine Antarctica spark global debate

New evidence has emerged of China's interest in digging for oil, gas a minerals in the frozen continent.

Oil-price Temporarily Slows Diffusion of Solar-Diesel-Hybrid Systems in the Mining Industry

Expert interviews have confirmed that influence of oil-prices is only short-term and that for the vast majority there is still an excellent business case for PV at off-grid mines

Glencore likely to slash spending on coal, oil — HSBC

Cecilia Jamasmie | January 20, 2015
Glencore likely to slash spending on coal, oil — HSBC

The global miner and commodities has estimated spending on oil projects for this year and next of $2 billion and $1 billion on coal expansions.

Visual Capitalist

INFOGRAPHIC: The biggest oil companies in the world

Visual Capitalist | January 20, 2015

When North Americans think of oil and gas companies, they often think of the big private sector companies such as Exxon Mobil or ConocoPhillips. However, it is always interesting to look at the sheer size and scope of some of the major government owned (or partnered) oil and gas firms to really see the extent of the industry.

Oilprice.com

Back to basics: why conventional drilling makes sense in 2015

Oilprice.com | January 15, 2015

This New Year, an old trend may become a new trend as conventional drilling in North America is once again in the spotlight at a time when oil prices continue their slump and the unconventional becomes increasingly uneconomical.

Jason Wangler throws a lifeline to oil and gas investors

The Energy Report | January 15, 2015

The crash in oil prices and the continued depression in gas prices have exploration and production companies and their services providers hunkered down, cutting capital expenditures and trying to bring spending into line with income, says Wunderlich Securities Analyst Jason Wangler.

Oil price debacle likely to drive Alberta into recession: report

Cecilia Jamasmie | January 13, 2015
Oil price debacle likely to drive Alberta into recession: report

According to the Conference Board of Canada, the province faces more than just a slowdown.

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