By 2030, oil demand could hit a peak and then enter decline.
Oilsands Mining News
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.
We want more people living in this region and calling this home.
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.
The Saudis have the two key ingredients to continue pumping oil till kingdom come—huge reserves and low production costs.
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.
"It is like when you look in your closet on a morning and you only look for pants"
The system achieved all key performance indicators.
The entire portfolio generates around $700 million in operating cashflow a year.
The German carmaker is now committed to radical steps to stop global warming.
Oil bulls should pause, because when it comes to growth in demand, Texas is pretty much the whole story.
This development is part of the company' s quest to move forward with a rapid lithium extraction technology.
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.
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 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.
Aluminum remains in focus almost a month after the U.S. introduced sanctions against United Co. Rusal, then eased off.
Large scale speculators in West Texas Intermediate and Brent crude oil futures have built up bullish positions equivalent to a staggering 1 billion barrels.
"In Venezuela, we are out of gas. In Venezuela, there is no gas oil. In Venezuela, there are no lube oils."
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?
On the bright side, the companies have started production of ultra-heavy crude oil at their Hangingstone Oil Sands Project in Alberta
Last week, crude oil rallied the most so far this year, gaining more than 8 percent, or $4 per barrel.
Like many industries today, the oil industry is trying to sell its many job opportunities to the fastest growing portion of the global workforce: Millennials.
The rally in oil prices over the past two weeks came to a halt on Wednesday on news that OPEC is actually exporting more oil than previously thought.
Combined worth of 50 largest mining companies grow to $768 billion during first half of 2017, but a few big names drop down rankings.
As oil prices remain unsteady and OPEC continues to make headlines every hour, the world is focused on oil's immediate future.