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If you can't pipe it, refine it: Alberta seeks oil glut solution

By: Bloomberg     7th January 2019 What’s worse: Too much oil, or too much gasoline? The government of Alberta, weighing the potential of a new refinery for the province, may be on its way to finding out. In 2018, surging crude production in the Canadian province ran into limited space on export pipelines, creating bottlenecks and... 

Teck Resources adjusted earnings fall on low commodity prices

By: Reuters     25th October 2018 Diversified miner Teck Resources reported a near 23% drop in third-quarter adjusted earnings on Thursday as prices for the Canadian company's main products fell in the quarter. Teck, the world's second-biggest exporter of steel-making coal, said adjusted profit fell to C$466-million, or C0.81 a... 

China swoops in on Canadian oil that's $50 below US crude

By: Bloomberg     11th October 2018 Chinese oil buyers are making a beeline for a bargain across the Pacific. With Canadian oil over 60% cheaper than US benchmark West Texas Intermediate and global marker Brent, China’s refiners are being lured to the heavy, sludgy crude. That’s because – apart from being a source of fuel – it’s... 

Shell LNG, trade deal no help to stalled Trans Mountain pipeline

By: Bloomberg     4th October 2018 Royal Dutch Shell’s commitment to invest in the largest private-sector project in Canada’s history and a new trade deal with the US and Mexico show the country is open for business again. But neither are likely to help Trans Mountain, the troubled oil pipeline project that has epitomized the... 

First phase of Kineta soil sampling programme completed

By: Simone Liedtke     30th July 2018 Multiple coherent soil anomalies with coincident artisanal workings have been defined from the first phase of the soil sampling programme at the Kineta project, which is part of Aim-listed IronRidge Resources’ joint venture (JV) agreement with Gail Resources South Africa, in Côte d'Ivoire. The... 

Teck Resources profit beats as higher coal prices offset lower sales volumes

By: Reuters     26th July 2018 Canada's Teck Resources, beat analyst estimates for quarterly profit on Wednesday as higher prices more than offset lower-than-expected sales volume of metallurgical coal. The world's second-biggest exporter of steelmaking coal stuck to its annual coal production forecast of 26-million tonnes to... 

Mentis Engineered Non-Slip Floor Grating Gains Traction

10th July 2018 There is a trend away from serrated grating because while it is suitable for some applications, there are others where over an extended period it will no longer provide the underfoot traction required to ensure safety. Floor grating is never a case of one size fits all, and according to Lance... 

Suncor production well-positioned for the remainder of the year

By: Simone Liedtke     8th June 2018 Energy company Suncor produced, on average, about 636 000 bbl/d of oil equivalent so far in the second quarter. This follows the completion of major planned turnaround activities and strong production from growth projects. 

Ottawa buys Kinder Morgan pipeline, expansion project for C$4.5bn

By: Henry Lazenby     29th May 2018 Ottawa announced on Tuesday that it has reached agreement with pipeline builder and operator Kinder Morgan to buy the existing Trans Mountain pipeline and associated controversial expansion project for C$4.5-billion, in the clearest-yet government signal that the oil expansion project is of... 

Kinder Morgan cleans up Trans Mountain spill as high noon looms

By: Henry Lazenby     29th May 2018 Canadian pipeline operator Kinder Morgan reported on Sunday that it is clearing medium crude blend from the Darfield pump station along the existing Trans Mountain pipeline, near Barriere, British Columbia, after oil spilled early on Sunday morning. Trans Mountain, owned by Kinder Morgan, said in... 

Oil pipeline plot thickens as British Columbia files Alberta suit over ‘tariff-like’ Act

By: Henry Lazenby     23rd May 2018 A significant disruption in the supply of gasoline, diesel and crude oil from Alberta to British Columbia would cause British Columbia “irreparable harm” and could “injure human health and safety in remote communities”, the provincial government argued in a statement of claim filed in Alberta's... 

Revival of Zambia mining industry demands fuel industry overhaul

18th May 2018 While the mining industry in Zambia is currently looking healthy – owing in part to the surge in demand for cobalt to produce lithium-ion batteries – it is crucial that the country’s fuel industry keeps pace with the upswing in industrial output and changing market demands, says independent... 

Taxpayers federation to seek intervenor status in pipeline, carbon tax lawsuits

By: Henry Lazenby     8th May 2018 The Canadian Taxpayers Federation (CTF) will seek standing as an intervenor in two upcoming court reference cases launched by the governments of British Columbia and Saskatchewan. In British Columbia, the provincial government is asking the courts if they have the power to regulate oil shipments,... 

Canadian feds to intervene in BC reference question

By: Henry Lazenby     4th May 2018 Ottawa announced on Thursday that it will intervene in the constitutional reference case filed by the government of British Columbia under the British Columbia Constitutional Questions Act. “We are confident in Parliament’s jurisdiction and will intervene on the question in order to defend our... 

BC govt court case another ‘stall tactic’ to block Trans Mountain expansion – CAPP

By: Henry Lazenby     27th April 2018 A reference court case brought by the environment-focused minority provincial government of British Columbia that seeks a confirmation of the province's constitutional rights to defend against the risks of a bitumen spill has been criticised by Canada’s petroleum producers as “just another stall... 

Teck profit rises on strong copper, zinc price and volume gains

By: Henry Lazenby     24th April 2018 Higher copper and zinc prices and improved copper sales volumes that were driven by higher output, have contributed to lift Canada’s largest diversified miner’s first-quarter profit by 15%, the company announced on Tuesday. Adjusted profit attributable to shareholders, which typically excludes... 

Poll shows divided British Columbia opinions for/against Kinder Morgan pipeline expansion 

By: Henry Lazenby     18th April 2018 A slim majority of Canadians and British Columbians have come forward in favour of the proposed twinning of Kinder Morgan’s diluted bitumen pipeline connecting Canada’s Alberta oil patch with new markets in the Far East, via the West Coast. A new survey conducted by the nonprofit Angus Reid... 

CAPP urges feds to ensure Canadian oil, gas benefit from growing global energy demand

By: Henry Lazenby     4th April 2018 Despite surging demand globally for all forms of energy, Canada’s oil and natural gas industry is at risk as the cumulative effect of federal and provincial policies and regulations are fast thinning the country’s market opportunity by thwarting industry growth, competitiveness and market access,... 

Canadian petroleum producers outline four-point plan to combat ailing investor confidence

By: Henry Lazenby     1st March 2018 Rising government costs, the burden of inefficient regulations, and the lack of infrastructure to move Canadian energy to growing markets are undermining investor confidence in Canada, a new report by the Canadian Association of Petroleum Producers (CAPP) has found. Published earlier this week,... 

Alberta govt accepts olive branch as BC seeks reference case on rights over oil exports 

By: Henry Lazenby     23rd February 2018 The political impasse over the much-needed expansion of crude oil export capacity from Alberta through Canada's West Coast seems to have been temporarily resolved. Alberta, which is host to the bulk of Canada's significant oil reserves, on Thursday said it would suspend a ban on the sale of... 

BC extends provincial flow-through tax credit for a year; resumes fight against Canadian oil

By: Henry Lazenby     21st February 2018 The British Columbia provincial government has released its Budget 2018 plan, confirming that the provincial flow-through exploration tax incentive will be extended for another year until the end of this year. The mining flow-through share programme is seen as critical to reinforcing the... 

Despite reporting a Q4 earnings miss, Teck equity rises on record revenue, cash flow

By: Henry Lazenby     14th February 2018 Canadian diversified miner Teck Resources has reported fourth-quarter headline earnings slightly below analyst expectations, as lower metallurgical coal sales and prices offset metal price improvements in the three-month period to December 31. Adjusted profit attributable to shareholders in the... 

M&R committed to deliver sub-Saharan power and water prospects as mega-project era draws to close 

By: Creamer Media Reporter      14th February 2018 The Power & Water business platform within JSE-listed engineering and construction group Murray & Roberts (M&R) is beginning to shift its attention from Eskom’s two megascale power station projects, in Limpopo and Mpumalanga respectively, to tackling a range of smaller opportunities in various... 

British Columbia further hamstrings oil pipeline development

By: Henry Lazenby     31st January 2018 The coalition British Columbia provincial government has moved the goal post for crude oil pipeline operator Kinder Morgan yet again, adding another hurdle to the seemingly insurmountable legal obstacles that stand in the way of the company twinning its existing pipeline between Alberta's oil... 

Fort Hills Energy LP reports first oil

By: Henry Lazenby     30th January 2018 Lead shareholder and operator of Canada's newest oil sands mine Suncor announced on Monday that the new C$13.5-billion Fort Hills oil sands project, in Alberta, had started secondary extraction on Saturday. Fort Hills, which is located about 90 km north of the country's oil capital, Fort... 

Raubex

26th January 2018 Firmly entrenched as an Africa-based diversified heavy engineering company, Raubex Group continues to excel as a world-class player in the heavy construction sector, with a focus on infrastructure development. Founded by industry legend Koos Raubenheimer in 1974, the company has a proud record of... 

Nigeria seeks to boost mining reserves to lure investors

By: Bloomberg     20th October 2017 Nigeria plans to spend 15-billion naira ($42-million) over the next year to explore for minerals and attract investors into mining and reduce its dependence on oil, Solid Minerals Development Minister Kayode Fayemi said. “Because we are starting from a low base, we want to have a portfolio of... 

Dust-suppression specialist geared for growth in Africa

By: Simone Liedtke     12th May 2017 Environmental management company I-CAT Environmental Solutions continues to grow its market share in dust-suppression management and solutions, and intends to increase its market share in Africa this year. 

Inter Pipeline consolidates Cold Lake pipeline ownership

By: Henry Lazenby     13th December 2016 TSX-listed Inter Pipeline has agreed to buy Canadian Natural Resources’ 15% in the Cold Lake pipeline system for C$527.5-million. The deal consolidates its 100% interest in the system, which serves several large oil sands producers in eastern Alberta, including Canadian Natural and Imperial Oil. 

Copper mining offers growth opportunity to dust suppressant supplier

By: Nadine James     2nd December 2016 Johannesburg-based nanotechnology provider Cruze Holdings expects to secure more work from African copper mining operations as its products generate savings by ensuring companies spend less on their existing road dust suppression measures. The company may double its mining revenue within the next... 

Trudeau govt approves Trans Mountain, Line 3 pipelines, rejects Northern Gateway

By: Henry Lazenby     30th November 2016 Canada’s Liberal federal government under leadership of Prime Minister Justin Trudeau has approved two out of three contentious crude oil pipelines in the country, critical infrastructure needed to get Canada’s vast oil reserves to new markets. In a landmark decision, the Trudeau government has... 

Company promotes ecofriendly production processes

By: Sascha Solomons     25th November 2016 As a means of protecting the environment, nonwoven geotextile manufacturer Fibertex uses chemical-binder-free products and production processes to manufacture Fibertex geotextiles, which are made of virgin polypropylene (PP) material. Fibertex South Africa CEO Clive Hitchcock comments that virgin... 

Leeuwpan Colliery embraces the booming dust suppression Technology

21st October 2016 G lobal dust control management solutions provider Dust-A-Side has successfully developed and commissioned a tailor-made airborne-dust reduction system to tackle dust fallout for coal and heavy minerals mining company Exxaro Resource's Leeuwpan colliery near Delmas, in Mpumalanga. Dust-A-Side... 

Cat® LatchFree® Dipper System Proves Performance in Challenging Application

12th October 2016 The Cat® LatchFree® Dipper System is the first successful solution to the most common cause of rope shovel downtime. The system replaces the standard maintenance-intensive latch assembly with a durable steel link assembly mounted to the dipper back. The key to the design is the geometry of the... 

Teck’s diversified business model poised to drive cash flow, profit as commodities rise

By: Henry Lazenby     27th September 2016 Canada’s largest diversified miner Teck Resources is positioned to benefit from rising commodity prices owing to its exposure to stronger steelmaking coal and zinc markets, as well as from the weaker Canadian dollar. VP of investor relations and strategic analysis Greg Waller told the Deutsche... 

Wildfire causes Athabasca to adjust FY guidance

By: Megan van Wyngaardt     29th July 2016 Significantly impacted on by the wildfire in Fort McMurray, which started in May, Canadian energy company Athabasca Oil has revised its thermal oil division’s full-year production guidance to between 7 500 bbl/d and 8 500 bbl/d. However, the company’s budget remains unchanged at $11-million, with... 

Despite lowering guidance, Suncor expects normal operations by end of June

By: Henry Lazenby     7th June 2016 Following the unprecedented production interruptions caused by the Alberta wildfires that had taken up to 1.5-million barrels of Canadian crude off the market during May, oil sands major Suncor Energy has advised that it expected to be back to normal operations by the end of June. The company,... 

More oil sands interruptions as Alberta wildfires spread; to cost local economy C$1bn

By: Henry Lazenby     17th May 2016 As the evacuation zone on Tuesday increased north of Fort McMurray, where a gigantic wildfire was spreading out of control, a top Canadian think tank estimated that the Alberta wildfires could have an impact of almost C1-billion on the local economy. The Regional Municipality of Wood Buffalo... 

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