Royal Dutch Shell Mining News

Shell sells Canadian oil sands businesses in deals worth $8.5 billion

Once the deals close, there will be only three major companies — CNRL, Suncor and ExxonMobil majority-owned Imperial Oil Ltd. — dominating Canada's oil sands industry.

Investment in Canada’s oil sands to fall more than 30% this year

Meanwhile, the country’s overall oil production is expected to reach 5.3 million barrels a day by 2030, which is 1.1 million barrels per day lower than last year's expectations.

Total, Shell exit coal mining

Some of the world's top oil producers have decided to abandon coal and focus instead on ramping up production and trading of liquified natural gas as a cleaner fossil fuel alternative.

Canada's oil sands cash flows set to drop by $21 billion

Current operational costs for producers have reached $37 to $40 per barrel. Benchmark U.S. crude, meanwhile, is trading at around $50 a barrel.

Shell pulls plug on long-delayed Alberta oil sands mine – The Globe and Mail

Royal Dutch Shell Plc is shelving plans to build a new oil sands mine in northern Alberta, the largest such project to be deferred as producers struggle with low energy prices.

Crude from oil sands not dirty: European Union

The EU new plan changes how refiners label the carbon intensity of their fuel.

Canada's oil sands to remain unhurt by falling crude prices

Producers’ limited export pipeline capacity coupled with the end of the U.S. summer driving season has tend to lead to oil surpluses, sending prices down. .. Not this year.

Canada's heavy oil producers are positioned for big payoffs: Alistair Toward

Improved heavy oil pricing means these producers are enjoying significantly bigger netbacks.