Surprising to many, Canada is the No. 1 oil exporter to the United States. Increasingly, these supplies come from Canada’s oil sands in northern Alberta. That province’s estimated oil sands deposits are in excess of 1.7 trillion barrels of crude bitumen. More than $91 billion has been invested in the oil sands in recent years and over $170 billion in oil sands-related projects. Venezuela and California are also heavy oil producers.
Alberta Oil Sands inks Algar Lake farmout
Jun 6, 2013
Alberta Oil Sands Inc. (AOS), Calgary, has entered a farmout agreement with privately held Crescendo Resources Ltd. that will advance exploration of its Algar Lake oil sands prospect in Alberta. |
CAPP expects Canadian oil production to double by 2030
Jun 5, 2013
With oil sands production climbing steadily and conventional production rebounding, Canadian oil production will more than double by 2030, predicts the Canadian Association of Petroleum Producers. |
BlackPearl advances Onion Lake thermal EOR
Jun 4, 2013
BlackPearl Resources Inc., Calgary, will accelerate thermal enhanced oil recovery at a heavy oil property now producing conventionally in Saskatchewan to help finance a larger oil sands development in northern Alberta called Blackrod (OGJ Online, May 6, 2012). |
CERI: Oil sands costs up 6.3-13.2% in year
May 29, 2013
The estimated cost of producing bitumen in Canada has increased by 6.3-13.2% in the past year, depending on the production method, according to the Canadian Energy Research Institute. |
Marathon Oil says no sale on share of Athabasca oil sands
May 28, 2013
Marathon Oil Corp. said negotiations to sell its 20% interest in the Athabasca oil sands project have ended without any agreement being reached. |
Canada to EU: Don't penalize oil sands
May 27, 2013
Canada's minister of natural resources has warned officials of the European Union against "discriminatory treatment" of fuels made from products of Canadian oil sands. |
Large gain seen in Alberta oil production
May 13, 2013
Bitumen will claim an increased share of sharply higher oil production in Alberta over the next 10 years, according to the provincial Energy Resources Conservation Board. |
Canada to EU: Don't penalize oil sands
May 9, 2013
Canada’s minister of natural resources has warned officials of the European Union against “discriminatory treatment” of fuels made from products of Canadian oil sands. |
House Keystone XL hearing reveals growing depth of disagreement
Apr 15, 2013
A hearing on US Rep. Lee Terry's (R-Neb.) bill to congressionally authorize construction of the final portion of the proposed Keystone XL crude oil pipeline revealed how wide the gap has grown between the viewpoints of the project's proponents and opponents. |
IHS: Prospects have dimmed for bitumen upgraders in Alberta
Mar 28, 2013
Prospects for new bitumen upgraders in Alberta have soured since the global recession of 2008, notes a study published by IHS on the same day plans were reported cancelled for a large project near Fort McMurray (OGJ Online, Mar. 27, 2013). |
Suncor cancels Voyageur upgrader, buys Total's stake
Mar 27, 2013
Suncor Energy Inc., Calgary, has scrapped plans for the Voyageur upgrader project near Fort McMurray, Alta., and has acquired partner Total E&P Canada Ltd.’s interest for $515 million. |
May River oil sands development expected
Mar 27, 2013
Gulfport Energy Corp., Oklahoma City, expects delineation drilling in the May River area of northern Alberta by Grizzly Oil Sands ULC to lead to filing of applications for thermal recovery of bitumen. |
Salazar finalizes oil shale plan; BLM proposes revisions
Mar 23, 2013
US Interior Sec. Ken Salazar issued a record of decision that finalizes a development process for federal oil shale and tar sands resources in Colorado, Utah, and Wyoming. The US Bureau of Land Management simultaneously proposed revisions to regulations governing commercial development of those resources. |
ConocoPhillips planning to divest some LNG, oil sands assets
Feb 28, 2013
ConocoPhillips is planning to sell some of its interest in the Australia Pacific LNG project and in the Canadian oil sands in a strategy to devote more cash to US shale plays, ConocoPhilips Chief Executive Ryan Lance said during a Feb. 28 investor and analyst meeting. |
Imperial commissioning Kearl oil sands mine
Feb 4, 2013
Imperial Oil has begun commissioning its initial Kearl oil sands mining development in the northern Athabasca region of Alberta and expects production of diluted bitumen from the first froth-treatment train to begin this quarter (OGJ Online, Jan. 19, 2012). Production will ramp up to 110,000 b/d of bitumen over several months. |
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