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

Canada, Alberta commit to 'improve' environmental monitoring of oil sands

Feb 13, 2012

The governments of Canada and Alberta, stung by the recent US decision to postpone development of the Keystone XL crude oil pipeline project, have agreed to step up their monitoring of the environmental effects of oil sands developments.

Canada, Alberta commit to 'improve' environmental monitoring of oil sands

Feb 13, 2012

The governments of Canada and Alberta, stung by the recent US decision to postpone development of the Keystone XL crude oil pipeline project, have agreed to step up their monitoring of the environmental effects of oil sands developments.

Canada, Alberta commit to 'improve' environmental monitoring of oil sands

Feb 6, 2012

The governments of Canada and Alberta, stung by the recent US decision to postpone development of the Keystone XL crude oil pipeline project, have agreed to step up their monitoring of the environmental effects of oil sands developments.

BLM issues draft programmatic EIS for western oil shale, tar sands

Feb 3, 2012

The US Bureau of Land Management published a draft programmatic environmental impact statement and possible land use amendments for federally administered oil shale and tar sands acreage in Colorado, Utah, and Wyoming.

Imperial to boost Cold Lake bitumen output

Feb 3, 2012

Imperial Oil Ltd. has approved expansion of its Cold Lake in situ oil sands project in Alberta in a $2 billion project that will boost production by more than 40,000 b/d of bitumen.

ExxonMobil licenses oil sands steam system

Feb 2, 2012

ExxonMobil Upstream Research Co. has award the first license for a patented steam injection system in use in the Cold Lake oil sands project in Alberta to Baker Hughes.

Grizzly to buy, develop oil sands acreage

Feb 1, 2012

Grizzly Oil Sands UIC has agreed to buy Petrobank Energy & Resources Ltd.’s May River oil sands acreage in northern Alberta and plans to develop it with modular steam-assisted gravity drainage technology.

EPRINC: US oil product export ban would raise costs

Dec 21, 2011

Proposals to ban US petroleum product exports to ensure ample domestic supplies would raise costs for domestic consumers, the Energy Policy Research Institute (EPRINC) warned in a Dec. 21 briefing memorandum.

Suncor appoints Williams as president

Dec 12, 2011

Suncor Energy Inc. appointed Steve Williams, chief operating officer since 2007, as president and a member of the company's board. Willams will assume the role of chief executive officer upon Rick George's retirement in May 2012.

Pipeline becomes symbol in false political choice

Dec 9, 2011

If US elections in 2012 amounted only to a contest between envy and oil, President Barack Obama would win 4 more years in office.

Canadian Oil Sands to double spending on Syncrude during 2012

Dec 9, 2011

Canadian Oil Sands Ltd. said its 2012 budget plans anticipate a $1.46 billion (Can) investment at the Syncrude Canada Ltd. oil sands project in Fort McMurray, Alta.

Obama vows to fight effort to link Keystone XL, payroll tax cut

Dec 8, 2011

US President Barack Obama promised to block any effort to include a Keystone XL pipeline project approval provision in legislation to extend the payroll tax cut, which is due to expire at yearend.

Devon receives approval for third Jackfish oil sands project

Dec 6, 2011

Devon Energy Corp. received regulatory approval from the Alberta Energy Resources Conservation Board and Alberta Environment and Water to move forward with the $1.3 billion (Can.) Jackfish 3 steam-assisted gravity drainage (SAGD) project, 15 km southeast of Conklin, Alta.

US House bill would move Keystone XL permit decision to FERC

Dec 5, 2011

US House Republicans joined their Senate colleagues on Dec. 2 in urging US President Barack Obama to reverse his Nov. 11 decision to delay acting on TransCanada Corp.’s cross-border permit application for the project until after the 2012 elections.

Senate GOP bill prods Obama to reverse Keystone XL delay

Dec 1, 2011

US Senate Republicans introduced legislation that would deem the proposed Keystone XL crude oil pipeline federally approved 60 days after enactment if the Obama administration did not act. But several said they would rather see US President Barack Obama reverse his Nov. 11 decision to delay acting on TransCanada Inc.’s cross-border permit application for the project until after the 2012 elections.

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