Category: Oil Sands
BHP hires Barclays, Citi for US shale gas divestment — sources
By Clara Denina and Dasha Afanasieva BHP Billiton , the world’s largest miner, has hired Barclays and Citigroup to help it exit its underperforming U.S. shale oil and gas business, which could fetch around $10 billion, two banking sources said....
Trump's solar tariff confusion creates an opportunity
The solar sector is reeling from confusion, and stock prices are reeling right along with it. The time it has taken investors and traders to wrap their heads around Trump’s industry tariffs and the pyrrhic victory of two solar companies...
Canadian energy firms push alternatives to oil sands
Western Canada’s conventional energy producers are looking to step out of the long shadow cast by the oil-sands sector to tout the economic and environmental benefits of light oil and natural gas development. Led by Encana Corp. chief executive Doug...
How EIA guestimates keep oil prices subdued
The EIA has once again undercut its previous estimates for U.S. oil production, offering further evidence that the U.S. shale industry is not producing as much as everyone thinks. The monthly EIA oil production figures tend to be more accurate...
The oil market is bigger than all metal markets combined
THE OIL MARKET IS BIGGER THAN ALL METAL MARKETS COMBINED Ever since the invention of the internal combustion engine, oil has been one of the most crucial commodities on Earth. Without it, modern transportation as we know it would not...
These three major oil sands projects are almost done
Three major oil sands projects will be completed over the next four months as the final pieces of the last of a wave of major expansions that began construction prior to the oil price collapse in 2014. Each of these...
The $10 trillion mineral resources North Korea can't tap
North Korea may not have proved petroleum reserves, but it’s estimated that the secluded belligerent nation sits on reserves of more than 200 minerals—including rare earth minerals—worth an estimated up to US$10 trillion. Of course, there are no official reports...
Canada does not need more oil sands pipelines, report claims
The claim that building more pipelines to carry Canada’s oil sands production to ports for export will unlock significantly higher prices for bitumen is not supported by either past or current market conditions, a new study shows. According to Jeff...
Canada’s Cenovus to sell Suffield assets in Alberta for $512m
Canadian oil producer Cenovus Energy (TSX, NYSE:CVE) said Monday it had reached an agreement to sell its Suffield crude oil and natural gas operations in southern Alberta to International Petroleum Corporation for $512 million in cash. The Calgary-based company noted...
Total to wait for better oil prices before selling Canadian assets
French oil giant Total SA chief executive said on Monday the company was not in a rush to join the foreign exodus from Canada’s oil sands sector. During a call with analysts, Patrick Pouyanne said the company’s plan was to wait...