Oilsands Mining News

Canada Trans Mountain Pipeline financials provide few clues on actual price tag and future costs

The controversial Trans Mountain Expansion Project is structured in a way that makes it difficult to determine how much Canadian taxpayers are paying now and will pay in the future.

Canada invests $72 million in clean technology for two Alberta companies

The funds will go to oil sands producer Canadian Natural Resources and Titanium Corp.'s Creating Value from Waste (CVW) technology.

Oil's big reset: Energy majors learn to thrive after price crash

Companies figured out how to survive in the lower-for-longer price era.

The $32 trillion push to disrupt the entire oil industry

Global oil and gas companies are increasingly facing an uphill battle as global warming policies are taking their toll.

Bank Of America: Oil demand growth to hit zero within a decade

By 2030, oil demand could hit a peak and then enter decline.

Suncor reports Q4 record 740,800 bbl/d

Funds from all operations were approximately C$2.0 billion in Q4 2018, compared to C$3.0 billion for the same quarter a year earlier.

Oil town fights man camps in effort to boost local population

We want more people living in this region and calling this home.

TransCanada taps RBC for gas line stake sale amid new opposition

The line would connect gas fields in western Canada’s prolific Montney shale formation with the C$40 billion LNG Canada project on British Columbia’s coast.

Saudi Arabia: We'll pump the world's very last barrel of oil

The Saudis have the two key ingredients to continue pumping oil till kingdom come—huge reserves and low production costs.

Huge backlog could trigger new wave of shale oil

How this shakes out is anybody's guess, but at a minimum, the explosion in DUCs over the past two years complicates oil production forecasts for this year.

To meet climate goals, world urged to reuse natural resources

"It is like when you look in your closet on a morning and you only look for pants"

MGX commissions wastewater treatment system at oilsands project

The system achieved all key performance indicators.

BP launches $3B sale of U.S. onshore assets to fund BHP deal – sources

The entire portfolio generates around $700 million in operating cashflow a year.

VW says last generation of combustion engines to be launched in 2026

The German carmaker is now committed to radical steps to stop global warming.

Oil bulls best hope nothing messes with Texas: Liam Denning

Oil bulls should pause, because when it comes to growth in demand, Texas is pretty much the whole story.

MGX Minerals close to processing first oil & gas wastewater

This development is part of the company' s quest to move forward with a rapid lithium extraction technology.

MGX minerals announces deployment of first rapid lithium extraction system

MGX Minerals Inc. is pleased to report that engineering subsidiary PurLucid Treatment Solutions is shipping the first petro-lithium and advanced wastewater treatment system on Monday, October 8th.

BP pays $10.5 bln for BHP shale assets to beef up U.S. business

A unit of British oil major BP PLC will acquire BHP's unit which holds the Eagle Ford, Haynesville and Permian assets for $10.5 billion.

Nigeria to offer 12.7 bln naira mining contract to eight firms

Nigeria will offer a 12.7 billion naira ($41.6 million) mining contract to eight companies in exploration and consultancy, its junior mining minister said on Wednesday.

What to watch in commodities: aluminum, shale, Ag giants, China

Aluminum remains in focus almost a month after the U.S. introduced sanctions against United Co. Rusal, then eased off.

CHART: Hedge funds have never been this bullish about the oil price

Large scale speculators in West Texas Intermediate and Brent crude oil futures have built up bullish positions equivalent to a staggering 1 billion barrels.

Oil-rich Venezuela is out of gas

"In Venezuela, we are out of gas. In Venezuela, there is no gas oil. In Venezuela, there are no lube oils."

The next oil price spike may cripple the industry

How it is possible for the price of oil to go both up and not up, and what would that mean for the oil industry?

Good and bad news from Japan-China oil sands projects in Canada

On the bright side, the companies have started production of ultra-heavy crude oil at their Hangingstone Oil Sands Project in Alberta

This oil price rally has reached its limit

Last week, crude oil rallied the most so far this year, gaining more than 8 percent, or $4 per barrel.