Devon Energy pulling out of Canada
Devon expects to complete its pullout from Canada by the end of this year.
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Oil Sands
Canadian miners had a tough 2018, but optimism remains — EY
Ernst & Young’s Canadian Mining Eye index, which tracks the performance of 100 Toronto Stock Exchange and TSX Venture Exchange mid-tier and junior miners — dropped 2% in the last quarter of 2018.
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Teck misses Q4 profit estimates on lower copper, zinc and oil prices
Canada’s largest diversified miner saw its quarterly profit drop 41.5 % from the year earlier, amid lower prices for copper, zinc and oil.
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Teck Resources flags fourth-quarter profit coming below estimates
Canada’s largest diversified mine expects profit for the period to be significantly below estimates, due mainly to the low oil prices at the end of 2018, issues at its operations in Trail, B.C., and a decline in commodity prices.
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EY appoints new global mining and metals leader
Paul D. Mitchell has been named the new EY global sector leader for mining and metals.
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Rethinking mining strategies among the top-10 global trends to shape 2019
Mining companies now need to determine how to operate in a market that is characterized by rising stakeholder demands, a widening talent gap, as well as dwindling access to key inputs such as energy and water, says Deloitte in its latest annual report.
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Canadian oil surge fails to lift producers out of the doldrums
Alberta’s crude curtailment plan has caused a dramatic rise in the price of heavy Canadian oil. But for shares of energy companies, it hasn’t been as much of a help.
Since the production curtailment was unveiled early last month, Western Canadian Sele…
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China’s slowdown is miners’ single biggest fear this year — report
Based on answers from 51 senior executives, lawyers White & Case say that trade tensions are the second largest challenge for the mining industry in 2019 and reveal what the underlying full-picture looks like.
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Canada’s Suncor expects upstream output to jump by 13% in Q4
The country’s largest oil and gas producer by market cap also said it will specify the exact impact of Alberta’s mandatory output caps when it issues its 2019 capital and production guidance on Feb. 5.
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