Oil Mining News

The top 5 places to work in U.S. oil and gas

Anadarko Petroleum and Chevron have emerged as the top two employers in U.S. oil and gas, according to a survey conducted by the job site Indeed.

Oil prices running out of reasons to rally

For the better part of two months, optimism surrounding the OPEC deal has buoyed oil prices, but bullish sentiment from speculators are showing early signs of abating, raising the possibility that the oil rally is running out of steam.

Canadian oil sands producers could fetch up to $15 more per barrel with this technology

The adoption of a“partial upgrading” technology could bring in hundreds of millions of dollars into Alberta's economy, a new study claims.

Tanker carrying bunker fuel runs aground off Nova Scotia 

A small tanker carrying bunker fuel ran into trouble off the Eastern Canadian coastline, but it appears that a disaster has been averted.

Freeport unloads California onshore oil assets for $592 million 

Freeport-McMorRan (NYSE:FCX) has divested another portion of its substantial oil and gas assets as the number one publicly-held copper producer continues on a path of debt reduction.

The craziest oil price predictions for 2017

Predicting where oil prices would go next month or next year has always been a game of hit and miss, all the more so in the past two years since the oil price crash began.

U.S. shale is now cash flow neutral

The IEA says that in the third quarter of 2016, the U.S. shale industry became cash flow neutral for the first time ever. That isn’t a typo.

Not so prolific: US shale faces a reality check

The collapse of oil prices has forced the U.S. shale industry to slash production costs.

Global oil and gas exploration likely to return to profitability in 2017

Dr Andrew Latham, vice president of exploration at Wood Mackenzie said: "The industry has a good chance of achieving double digit returns in 2017. Smarter portfolio choices and lower costs are already paying off."

Cenovus resuming Christina Lake oil sands expansion, boosts capex

Construction of the 50,000-barrel-a-day expansion will begin in the first half of 2017, the company said.

Risk of potential oil tanker spill ‘close to zero' — experts

Pipeline ruptures, bunker fuel spills pose a greater risk than a major oil tanker spill, they say.

[Video] Energy sources 101: these short videos explain the basics

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.

Here’s what oil did the last time OPEC cut production

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.

Montney in high gear despite market uncertainty

Flux in gas demand, delay in Petronas decision among clouds on B.C. northeast’s horizon.

EPA’s proposed financial responsibility rule for miners a ‘job killer’ — industry

Norm aims at ensuring that hard-rock mining companies can pay the costs of cleaning up their mines, says EPA.

Glencore to resume dividend in 2017 as debt reduction on track

Soaring coal prices have helped Glencore, the world’s biggest provider of the thermal kind, straighten its balance sheet.

Oil comes back to life in Canada

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.

Donald Trump’s stock in Dakota Access oil pipeline company prompts concern

Trump’s investments could affect any decision he makes on the US$3.8 billion project as president.

Why Mexico's oil reform is a huge opportunity for investors

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.

Oil consumption outlook fuels further pipeline debate

Fossil-fuel-free future far off as world demand to increase, says the International Energy Agency.

Shell Canada boss says stay the course on carbon pricing as Quest CCS project exceeds expectations

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.

Are the Saudis about to reveal the best kept secret in oil?

Saudi Arabia is preparing to unveil how much oil it holds, a closely guarded state secret that has been kept quiet for decades.

Where do our raw materials come from?

Who mines the copper, grows the timber, makes the cement and harvests the coffee all fueling our modern lives?

OPEC's bearish report provides little hope for oil markets

OPEC has released a new market whammy, offering up the cartel’s production figures, which largely jive with figures reported by the IEA.

IEA warns global markets to remain flooded with oil without OPEC cut

Escalating production from both the OPEC and other global players, including Russia, Brazil and Kazakhstan, could lead to relentless supply growth, the IEA said.