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

Clinton assures Canada over US interests in Keystone pipeline

Aug 9, 2011

US Sec. of State Hillary Clinton has assured Canada’s Foreign Affairs Minister John Baird that Washington will decide by yearend whether to issue a permit for the proposed Keystone XL oil pipeline stretching from Canada to Texas.

Albertan gas plant to expand

Aug 5, 2011

Pembina Pipeline Corp., Calgary, will expand capacity by 50 MMcfd at one of its gas plants at the Cutbank shallow gas processing complex to meet high plant utilization and strong demand. The complex is in west central Alberta.

Judge dismisses Sierra Club's oil sands lawsuit

Aug 3, 2011

A federal district court dismissed a lawsuit by the Sierra Club and other environmental organizations aimed at preventing the US Department of Defense from buying fuels made from Canadian bitumen and heavy oil.

US House passes bill to expedite Keystone XL permit decision

Jul 27, 2011

The US House approved a bill setting a Nov. 1 deadline for the Obama administration to decide on TransCanada Corp.’s application for a cross-border permit for its proposed Keystone XL crude oil pipeline project.

US House passes bill to expedite Keystone XL permit decision

Jul 27, 2011

The US House approved a bill setting a Nov. 1 deadline for the Obama administration to decide on TransCanada Corp.’s application for a cross-border permit for its proposed Keystone XL crude oil pipeline project.

OSHOT: Regulatory delays threaten Keystone XL, Cushing MarketLink

Jul 20, 2011

Continued regulatory delays could place the proposed 700,000-b/d Keystone XL pipeline in jeopardy, according to Robert Jones, TransCanada vice-president and manager of the Keystone Pipeline project, while speaking to reporters July 20 on the sidelines of the Oil Sands & Heavy Oil Technologies conference in Calgary.

CNOOC to acquire OPTI Canada for $2.1 billion

Jul 20, 2011

A unit of CNOOC Ltd. will pay $2.1 billion for Canadian oil sands producer OPTI Canada Inc., Calgary, which filed on July 13 for creditor protection under Canada’s Companies’ Creditors Arrangement Act.

ConocoPhillips to split into upstream, downstream companies

Jul 14, 2011

ConocoPhillips plans to separate its upstream and downstream businesses into two stand-alone, publicly traded corporations via a tax-free spinoff of the refining and marketing business to ConocoPhillips shareholders.

US House committee approves Keystone XL project permit bill

Jun 24, 2011

The US House Energy and Commerce Committee on June 23 passed legislation aimed at pressuring the Obama administration to reach a decision on the Keystone XL crude oil pipeline project’s cross-border permit application.

House subcommittee passes bill to expedite Keystone XL decision

Jun 16, 2011

A US House Energy and Commerce subcommittee passed a bill aimed at expediting a final Department of State decision on a cross-border permit for a proposed crude oil pipeline from Canada.

CAPP sees robust growth for Canadian oil production

Jun 2, 2011

Canadian oil production will increase to 4.7 million b/d in 2025 from 2.8 million b/d in 2010, according to the latest forecast from the Canadian Association of Petroleum Producers (CAPP).

Burkhard: Pipelines limit Canadian oil sands US supply role

May 24, 2011

Canadian oil sands could play an even larger supply role for the US, but the North American pipeline system will have to adjust to accommodate the additional supplies, James Burkhard, managing director of IHS-CERA Inc.’s global oil and gas group, told a US House Energy and Commerce subcommittee.

OTC: Fossil fuels, technology key to future energy supply

May 4, 2011

Technology development is crucial to enabling the oil and gas industry to meet future world energy demand, speakers said during a May 3 panel discussion at the Offshore Technology Conference in Houston.

US DOS plans second Keystone XL project comment period

Mar 16, 2011

The US Department of State will seek additional public comments on the proposed Keystone XL crude oil pipeline project.

Alberta's ERCB responds to oil sands pipeline risk report

Feb 22, 2011

Alberta’s Energy Resources Conservation Board (ERCB) responded to the Natural Resources Defense Council (NRDC), Pipeline Safety Trust, National Wildlife Federation, and Sierra Club report “Tar Sands Pipeline Safety Risks,” describing it as misleading regarding pipeline safety in Alberta and on the characteristics of diluted bitumen.

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