Oilsands Mining News

Alberta oil sands to benefit Canada’s total economy: report

Alberta's oil sands will positively affect all Canadian provinces and will lead to billions of dollars of jobs and investment across the country, says a Conference Board of Canada report released Wednesday.

3,500 protest against Northern Gateway; company still to go ahead

Thousands of people jammed the front lawn of Canada’s British Columbia parliament on Monday to oppose the controversial Enbridge's proposed $5.5-billion pipeline from the Alberta oil sands to the country's West Coast.

The Myth of Affordable Energy – Interview with Ed Dolan

We were fortunate enough to speak with the well known economist Ed Dolan on various energy and economic issues.

The myth of affordable energy

Why high oil prices aren't necessarily a bad thing and why why cheap energy is not vital to economic growth.

Forget Renewables, We Need Cheap Oil – An Interview with Gail Tverberg

What does our world's energy future look like? Does renewable energy feature as much in the energy production mix as many hope it will?

Canada PM casts doubt on Nexen takeover by China

Canadian Prime Minister Stephen Harper gave investors more reasons to speculate about the final outcome of the deal, as he said that China's “very different" political and economic systems are a concern for his government.

Want cheap oil? Look no further than Canada

The price oil sands producers receive fell to $38 a barrel below the international benchmark oil price on Monday, leaving more than one fifth of all Alberta projects unviable.

Thousands of bombs dumped in Gulf of Mexico pose huge threat to oil rigs

After World War II the US government dumped millions of kilograms of unexploded bombs into the Gulf of Mexico. Now that technology allows oil companies to drill deep sea wells in the Gulf of Mexico, those forgotten payloads have become a real hazard.

Chinese oil company confident of Nexen takeover’s success

China National Offshore Oil Corp's (CNOOC) believes its proposed $15.1 billion takeover of Canadian oil producer Nexen Inc. (TSX & NYSE:NXY) should go ahead without major hiccups as talks with provincial leaders reaffirmed the country values China as an investor in its oil sands sector.

No surprises expected as Nexen shareholders vote on CNOOC takeover

Despite the controversy generated by China National Offshore Oil Corp's proposed $15.1 billion takeover of Canadian oil producer Nexen, Thursday’s shareholders vote is seen by industry experts as a mere formality.

Suncor begins 6-week turnaround at oil sands upgrader unit

Suncor Energy Inc has begun a planned six-week maintenance turnaround on a vacuum tower for an upgrader at its northern Alberta oil sands operations, Sneh Seetal, a spokeswoman for the company, said on Friday.

Anti-corruption watchdog hounding CNOOC-Nexen deal

China’s anti-corruption watchdog has launched an investigation over the insider trading case linked to China National Offshore Oil Corp.'s bid for Nexen.

Athabasca confirms oil sands venture

Athabasca Oil Corp. (TSX:ATH) confirmed Friday that it is in the preliminary stages of establishing a joint venture for two of its Alberta oil sands assets, but it declined to identify its partner.

China's oil giant cuts dividends to afford Nexen

Even Chinese oil giants have to pinch pennies when making a $15 billion bid

CNOOC-Nexen: China's swoop shows sweet timing as Canadian crude discount halves

Despite a steep drop in the price of crude on Monday with US benchmark West Texas Intermediate down almost 4% in afternoon trade at $88.55, the price oil sands producers receive has improved dramatically since the start of July.

If Justin Trudeau likes the oil sands, why can't you?

Though certain anti-oil lobby groups make it seem like there are profound divisions in this country over the oil sands, the truth is that, historically, the responsible development of Canada's oil sands have been championed by both liberal and conserva...

Climate scientists want ‘serious’ State Dept. review of oil sands emissions

Ten widely cited climate scientists say the State Department’s review of the proposed Keystone XL pipeline should include a “serious” evaluation of how enabling Canadian oil sands development will affect the planet’s climate.

Global glut pushes Canadian crude down to $52 a barrel, pricing oil sands out of the market

At $52 a barrel how can high-cost bitumen producers compete against Saudi-Arabia pumping oil at the fastest rate in 30 years, the ramp-up in the Bakken and vast new gas supplies all around the world? They can't.

Oil sands ETF debuts

Sustainable Wealth Management has become the latest company to partner with Exchange Traded Concepts to debut an ETF, announcing this week the launch of the North American Oil Sands ETF (SNDS).

Alberta Oilsands responds to dissidents

Alberta Oilsands board responds to the dissident actions of a "concerned" group of shareholders.

Study: US must encourage development of Canadian oil sands

To successfully reduce the United States' dependence on fuels from outside North America, the government must pursue policies that foster the diversion of Canadian oil sands crude to U.S. Gulf Coast refineries, according to a new study by Rice University's Baker Institute for Public Policy.

Funding for oil sands monitoring still under discussion a year later

The Canadian Association of Petroleum Producers says its members still haven’t decided how they’re going to pay their share of the new oil sands monitoring program.

Concerned shareholders of Alberta Oilsands Inc. send letter and mail proxy circular to shareholders

Concerned shareholders of Alberta Oilsands Inc. have filed a dissident circular and are in the process of calling for the replacement of the company's existing directors.

Koch seeks buyers for Canadian oil sands assets

Koch Industries' Canadian energy division has put interests in several Alberta oil sands properties on the auction block, adding to a growing list of opportunities for developing the massive resource being shopped to potential bidders.

Maybe dirty, certainly cheap: Canadian crude crashes through $60 a barrel

A $40 discount to the global oil price, competition from Bakken shale oil, rising labour costs, pipeline problems and overproduction put in jeopardy billions of dollars of oil sands projects.