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

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.

OGJ Newsletter

Aug 2, 2010 International news for oil and gas professionals

ConocoPhillips to sell all its Lukoil holdings

Jul 29, 2010

ConocoPhillips announced plans to sell all its holdings in Russia’s OAO Lukoil.

IEA's Tanaka: World will continue to depend on OPEC

Jul 27, 2010

The global economy’s reliance on oil supplies from the Organization of Petroleum Exporting Countries, especially its Middle Eastern producers, will continue to rise over the medium to long term, according to the head of Paris-based International Energy Agency.

Cleaning oil, sand & water

Jul 26, 2010 The Macondo oil spill in the Gulf of Mexico is pushing US skimming resources to their limits, and the spill provides a test venue for new cleanup technology.

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

Jul 23, 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.

Advertisers Index

Jul 19, 2010

E&P costs: permanently high or cresting a cycle?

Jul 19, 2010 Historically, asset price booms have been accompanied by arguments that a "new paradigm" has been reached, whether the issue is 19th Century railroad stocks, 1920s agricultural prices, or dot-com stocks in the 1990s.

Drilling ban may help oil sands

Jul 19, 2010 The Macondo blowout in the Gulf of Mexico and resulting ban on deepwater drilling in US waters may prove a boon for Canadian oil producers, said Marin Katusa, chief energy strategist of Casey Research, a privately owned provider of subscription financial analysis.
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