Construction of the 50,000-barrel-a-day expansion will begin in the first half of 2017, the company said.
Oil Mining News
Pipeline ruptures, bunker fuel spills pose a greater risk than a major oil tanker spill, they say.
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.
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.
Flux in gas demand, delay in Petronas decision among clouds on B.C. northeast’s horizon.
Norm aims at ensuring that hard-rock mining companies can pay the costs of cleaning up their mines, says EPA.
Soaring coal prices have helped Glencore, the world’s biggest provider of the thermal kind, straighten its balance sheet.
Two years after the collapse in oil prices forced the oil and gas industry to scale back drilling, the Canadian Association of Oilwell Drilling Contractors (CAODC) is forecasting a year-over-year increase in the number of wells drilled in Canada.
Trump’s investments could affect any decision he makes on the US$3.8 billion project as president.
When a massive country de-nationalizes its entire energy sector and opens its oil and gas doors for the first time ever to foreign companies, the opportunities are staggering.
Fossil-fuel-free future far off as world demand to increase, says the International Energy Agency.
Royal Dutch Shell, a long-time advocate of pricing carbon, says the strategy needs to be maintained regardless of what happens south of the border.
Saudi Arabia is preparing to unveil how much oil it holds, a closely guarded state secret that has been kept quiet for decades.
Who mines the copper, grows the timber, makes the cement and harvests the coffee all fueling our modern lives?
OPEC has released a new market whammy, offering up the cartel’s production figures, which largely jive with figures reported by the IEA.
Escalating production from both the OPEC and other global players, including Russia, Brazil and Kazakhstan, could lead to relentless supply growth, the IEA said.
He has promised to ease regulations on the coal and oil sectors, and pull the US from global agreements aimed to curb climate change.
Ecuador began last month granting licences for new exploration areas, with over 300 of them to be awarded by the year-end.
Oil prices have rebounded slightly after speculation about OPEC's ability to cap production later in November and uncertainty surrounding the U.S. presidential election sent them sliding last week, a drop that affected the portfolios of investors across the board.
Move will push up costs by Cdn$250 million ($187M).
Actual demand likely higher as underreporting tends to skew official production data.
EVs could demand enough copper, other metals to dwarf oil market fallout: BHP
While output was down for most commodities it mines and sales, it has improved earnings forecast for its trading unit.
If passed and enacted, the ruling will forbid oil sands producers from collectively emitting more than 100 megatonnes of greenhouse gases a year.
Sale includes PCLI's production and manufacturing centre in Mississauga, Ontario and the global marketing and distribution assets held by PCLI including its global offices.