Ecuadorean votes could bar oil output in Amazon reserve, mining near Quito
Mining News Pro - Ecuadoreans will decide in two August referendums whether oil and mining projects in key regions of the country can continue, weighing Indigenous and environmental concerns against billions in potential lost income.
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Visit: 199
Russia’s Sberbank urges Glencore to resolve dispute over oil bill
Mining News Pro - Sberbank on Monday accused Glencore of choosing not to foot a bill for oil supplied via the Russian lender, saying the global commodities trader could have found a way to pay up without violating Western sanctions.
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Visit: 283
Canada climate goals set high hurdle for Suncor oil sands mine extension
Mining News Pro - Canada is favouring oil projects with lower carbon emissions per barrel to help meet its climate targets, a strategy that may block Suncor Energy’s plan to expand bitumen mining to feed its key oil sands operations.
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Visit: 663
Deepwater oil targeted by Argentine activists who quashed mining
Mining News Pro - Environmental activists in Argentina are trying to prevent new oil exploration in the resource-rich South American nation just days after forcing a governor in Patagonia to reverse course on silver mining.
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Visit: 874
Was 2020 really so bad for oil?
Mining News Pro - If ever a year needed a shot of glass-half-full attitude, it’s 2020. I got it recently from an oil executive. Conversation turned inevitably to the pandemic and 10 million barrels a day of oil consumption — one in ten — going *poof*. Against which they offered this: Despite epic disruption, we still used 90 million barrels a day of the stuff. How’s that for describing the worst drop in oil demand ever?
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Visit: 648
What a Biden presidency could mean for oil, gas and coal in Wyoming
Mining News Pro - In the final days leading up to the general election, Wyoming`s oil and gas industry is nervous, said Nathan McLeland, who runs the Gillette-based M&K Oil Company LLC.
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Oil companies wonder if it’s worth looking for oil anymore
Mining News Pro - A few dots near the bottom corner of the world map in the southern Atlantic, the Falkland Islands were once at the forefront of a new era for the oil industry as companies scoured the planet for resources.
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Sasol swings to $5.3bn annual loss on lower oil prices
Mining News Pro - South African petrochemicals group Sasol reported an annual loss on Monday, hit by a writedown of R111.6-billion and a drop in oil and chemical prices due to the coronavirus outbreak.
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Visit: 672
Santos hit by lower oil prices
Mining News Pro - Oil and gas major Santos has reported a 14% drop in revenue for the three months to March, as both production and oil prices tumbled.
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Visit: 948
Teck walks away from Frontier oilsands project
Mining News Pro - Teck Resources has officially withdrawn its application to build the C$20.6-billion ($15.7bn) Frontier oilsands mine, just days before the Canadian government was slated to make a decision on the 260,000-barrel-per-day project in northern Alberta.
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Visit: 495
Canada offers C$1.5bn in loans for oil-sector liquidity
Mining News Pro - The Canadian government announced C$1.5-billion in loans for the oil and gas sector, as well as some government funding for unspecified projects, after a supply glut sank heavy crude prices to as low as $13.46 a barrel last month.
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Visit: 922