Oil Sands

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.

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Canadian Oil Sands
Canadian Oil Sands

Oil Sands News

Study upgrades Hoole oil sands resource

Jan 10, 2013

Cavalier Energy Inc. has received an independent assessment of its Hoole oil sands leases in Alberta indicating probable reserves of 93 million bbl of recoverable bitumen in sections for which it is seeking approval for in situ development (OGJ Online, Dec. 17, 2012).

Companies cite natural gas prices in mixed third-quarter earnings

Dec 24, 2012

Companies included in an OGJ sample of US-based producers and refiners reported mixed third-quarter earnings, and the biggest company, ExxonMobil Corp., said declining production along with low US natural gas prices hindered upstream financial performance compared with last year.

Jacos okays Hangingstone SAGD project

Dec 17, 2012

Japan Petroleum Exploration Co. Ltd. (Japex) has approved commercial in situ development of its Hangingstone oil sands project south of Fort McMurray, Alta., by its consolidated subsidiary Japan Canada Oil Sands Ltd. (Jacos).

Paramount's Cavalier applies for Hoole SAGD project

Dec 17, 2012

Cavalier Energy Inc., a subsidiary of Paramount Resources Ltd., Calgary, has filed a regulatory application for the Hoole Grand Rapids project with the Alberta Energy Resources Conservation Board and Alberta Environment and Sustainable Resource Development.

House subcommittee examines focus of federal energy R&D support

Dec 17, 2012

Federal support of early-stage energy research and development in the 1980s and '90s led to technologies responsible for today's US oil and gas renaissance, witnesses reminded a US House Science, Space, and Technology subcommittee.

Suncor's fourth Firebag phase starts up

Dec 13, 2012

Suncor Energy’s Firebag in situ production complex in the oil sands region of Alberta was producing 130,000 b/d of bitumen at the end of November following start-up of the project’s fourth phase.

API: Keystone XL support is stronger than opposition

Dec 10, 2012

Opposition to the Keystone XL crude oil pipeline project has become more noisy than widespread, American Petroleum Institute officials said on Dec. 4 as Nebraska's Department of Environmental Quality prepared to hold a public hearing on the project's proposed new route later that day.

Operator okays Hangingstone SAGD project

Nov 28, 2012

The board of directors of Athabasca Oil Corp. has sanctioned the Hangingstone 1 steam-assisted gravity drainage oil sands project in the southern Athabasca region of Alberta and approved a $536 million (Can.) development budget for it (OGJ Online, Oct. 4, 2012).

Estonian shale oil complex due sulfur unit

Nov 27, 2012

Viru Keemia Grupp AS, a shale oil miner and processer in Estonia, has let contract to Jacobs Engineering Group Inc. for licensing and services for a sulfur recovery unit at its complex in Kothia-Jarve.

Syncrude lets oil sands tailings contracts

Nov 21, 2012

Syncrude Canada Ltd. has let two contracts to KBR for module fabrication and field construction of a full-scale plant for processing tailings from its oil sands mines northeast of Fort McMurray, Alta.

ASTM sees no added pipeline corrosivity from oil sands crude

Nov 20, 2012

Tests performed by ASTM International have determined that bitumen-derived crude oil is no more corrosive in transmission pipelines than other crudes.

IHS updates US oil-sands GHG comparisons

Nov 14, 2012

Fuels made wholly from Canadian oil-sands feedstocks emit 4-18% more greenhouse gases (GHGs) on a wells-to-tailpipe basis than those made from average crude oil refined in the US, according to IHS, Cambridge, Mass.

Laricina seeks single-well SAGD at Saleski

Nov 13, 2012

Laricina Energy Ltd. has amended its application for first-phase commercial development of its Saleski oil sands acreage in Alberta to use cyclic steam-assisted gravity drainage in a single horizontal well.

BLM releases scaled-back Western oil shale, tar sands proposal

Nov 9, 2012

The US Bureau of Land Management proposed an oil shale and tar sands research, development, and demonstration (RD&D) plan for land it administers in Colorado, Utah, and Wyoming. The proposal involves less acreage than one developed in 2008, and represents a significant improvement, the Natural Resources Defense Council said in response.

Risks in foreign investment

Oct 29, 2012

Many in the oil and gas financial world are watching with interest as the Canadian government reviews its requirements by which foreign investors can acquire Canadian companies, particularly when the foreign investor involves a state-owned enterprise such as Malaysia's Petronas and China's CNOOC Ltd.

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