Industry News

Endeavour extends Karma mine’s life to over 10 years

02/25/2017 1 p.m.

West Africa-focused Endeavour Mining (TSX:EDV) confirmed this week that a drill program at the North Kao deposit, located at its Karma gold mine in Burkina Faso, has added 262,000 ounces to the... Full Story

Aramco IPO could push other Gulf states to list oil assets: Economist

02/25/2017 1 p.m.

Saudi Aramco's initial public offering (IPO) could encourage other Gulf countries to list their oil assets, a leading regional economist said, but the oil giant must clear uncertainties over taxation... Full Story

Mining exploration spending drops to 11-year low

02/25/2017 noon

A new report by SNL Metals and Mining on Corporate Exploration Strategies in 2016 shows an industry still caught in a deep downturn after four years of sharp declines. According to SNL, part... Full Story

US Lithium to mine for copper, nickel, cobalt in Canada’s Saskatchewan

02/25/2017 11 a.m.

Shares in US Lithium (OTCMKTS:LITH) went ballistic Friday after the exploration firm announced it had acquired a copper, nickel, cobalt project in Canada’s Saskatchewan. Demand for lithium and c... Full Story

These oversold energy stocks could be ready to rebound

02/25/2017 11 a.m.

The Dow Jones Industrial Average eeked out another all-time-high on Friday — its 11th record close in a row. The S&P 500 also notched a new high and its longest winning streak in nearl... Full Story

Exxon revises down oil and gas reserves by 3.3 billion barrels

02/25/2017 10 a.m.

U.S. oil major Exxon Mobil Corp has revised down its proved crude reserves by 3.3 billion barrels of oil equivalent as a result of low oil prices throughout 2016, a company filing showed on Wed... Full Story

Singapore carbon tax to hit Shell, ExxonMobil margins: Analyst

02/25/2017 7 a.m.

Oil majors Royal Dutch Shell and ExxonMobil could see a 10 to 15 percent hit to profit margins at their Singapore refineries when the city state imposes a carbon tax in 2019... Full Story

US turns into 'oil nation' with record exports, 'eating' OPEC market share

02/24/2017 2 p.m.

The U.S. exported a record amount of crude oil, topping a million barrels a day for a second week and filling the gap in world markets created by OPEC cutbacks. Shale and other U.S. producers sent 1.2... Full Story

Chesapeake Energy posts smaller quarterly loss

02/24/2017 1 p.m.

Shares in U.S. natural gas producer Chesapeake Energy fell on Thursday after posting a smaller fourth-quarter loss than a year earlier, when it took huge charges to write down the value of some... Full Story

Non-OPEC producers achieve at least 60% of promised output cuts

02/24/2017 noon

Eleven non-OPEC oil producers that joined a global deal to cut output to boost prices have delivered at least 60 percent of promised curbs so far, OPEC sources said on Wednesday, higher than initial... Full Story


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