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

CGES questions beliefs supporting oil price

Sep 20, 2010

Investors in oil futures contracts appear to be acting on five beliefs, not all of them sound, and thereby holding oil prices above levels supported by market fundamentals, says the Center for Global Energy Studies (CGES), London.

OGJ Newsletter

Sep 20, 2010 International News for oil and gas professionals

Athabasca Oil Sands to buy Excelsior Energy

Sep 13, 2010

Athabasca Oil Sands Corp. said it entered into an agreement to purchase oil sands company Excelsior Energy Ltd. for $144 million (Can.).

OGJ Newsletter

Sep 13, 2010

Enbridge signs agreement with Husky for Sunrise facilities

Sep 10, 2010

Enbridge Inc. has entered into an agreement to provide pipeline and terminaling services to the proposed Husky Energy-operated Sunrise Oil Sands Project.

Innovations push bitumen mining, economics; cut environmental effects

Sep 6, 2010 Over the years various innovations have improved the economics for mining bitumen and reduced the effects of the mining operation on the environment in the Athabasca region of Northern Alberta.

OGJ Newsletter

Sep 6, 2010

OGJ Newsletter

Aug 30, 2010 International News for oil and gas professionals

Enbridge, Suncor partner on Wood Buffalo oil sands line

Aug 27, 2010

Enbridge Inc. announced Aug. 26 it entered into an agreement with Suncor Energy Inc. to build a 95-km, 30-in. OD crude oil pipeline, the Wood Buffalo Pipeline, connecting the Enbridge Athabasca Terminal, adjacent to Suncor's oil sands plant, to the Cheecham Terminal, which is the origin point of Enbridge's Waupisoo Pipeline.

MEG Energy ramps up Christina Lake bitumen production

Aug 16, 2010 "Production volumes from our commercial operations at Christina Lake, which commenced in August 2009, have safely ramped up more rapidly than any other [steam-assisted gravity drainage] project that we are aware of, and with one of the lowest SORs," said Bill McCaffrey, MEG Energy Corp.'s chairman, president, and chief executive officer, in a recent company press release.

Nationwide LCFS would raise GHGs in US, study finds

Aug 16, 2010 Implementation of a nationwide low-carbon fuel standard (LCFS) would increase greenhouse gas (GHG) emissions by as much as 19 million tonnes/year, a study commissioned by the National Petrochemical & Refiners Association concluded.

OGJ Newsletter

Aug 9, 2010 Internatinoal News for oil and gas professionals

Slaying energy dragons

Aug 9, 2010 The US government too often errs on energy by using policy as a sword with which to slay dragons.

Nationwide LCFS would raise GHGs in US, study finds

Aug 5, 2010

Implementation of a nationwide low-carbon fuel standard (LCFS) would increase greenhouse gas (GHG) emissions by as much as 19 million tonnes/year, a new study commissioned by the National Petrochemical & Refiners Association concluded.

Message on sulfur to oil industry: pay now or suffer later

Aug 2, 2010 The oil and gas industry has taken over the global production of sulfur but, according to sulfur specialists, mistreats the yellow material as a byproduct best disposed of and otherwise ignored.
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