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

OGJ Newsletter

Jun 14, 2010

Canada's share grows as US oil suppliers change

Jun 14, 2010 In 2009, when domestic production satisfied only 40% of its demand for oil, the US relied on imports from 40 countries.

Canadian oil sands to lead US imports

Jun 14, 2010 Canadian oil sands are poised to become this year the main source of crude imports by the US, according to new research from IHS Cambridge Energy Research Associates, Inc.'s (IHS CERA) Canadian Oil Sands Dialogue.

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Jun 14, 2010

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Jun 7, 2010

There's the rub

Jun 7, 2010 It is possible that the Deepwater Horizon debacle will have the same kind of damper effect on offshore oil output that Three Mile Island and Chornobyl did on nuclear energy.

Program steers oil sands start-up toward long term

Jun 7, 2010 While every long-term asset play begins life as a start-up, not every start-up succeeds in becoming a sustainable long-term asset.

ESAI review: $70-90/bbl oil seen as sustainable range for next 2 years

May 17, 2010 In its latest Stockwatch Quarterly Review, Energy Security Analysis Inc. (ESAI), Boston, forecasts that over the next 2 years, the fundamentally sustainable price range for crude is $70-90/bbl.

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May 10, 2010

ESAI sees $70-90/bbl oil over next 2 years

May 6, 2010

In its latest Stockwatch Quarterly Review, Energy Security Analysis Inc. (ESAI), Boston, forecasts that over the next 2 years, the fundamentally sustainable price range for crude is $70-90/bbl.

CHINA'S ENDOWMENT—2: China assesses unconventional land oil shale, oil sands, coal gas resources

Apr 26, 2010 The China National Petroleum Assessment (2003-07) evaluated coalbed methane, oil shale, and oil sands resources in Chinese onshore basins.

Trains moving Bakken crude

Apr 26, 2010 More oil companies are being drawn to explore, develop, and produce crude oil in the Bakken formation in North Dakota and Montana only to discover limited pipeline takeaway capacity exists for transporting their oil to market.

NEB notes shift toward BC in Canadian natural gas deliverability

Apr 26, 2010 Gas deliverability in Canada will continue to decline through 2012 as production falls in Alberta and rises in British Columbia, says the National Energy Board.

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Apr 26, 2010

MARKET WATCH: Crude takes largest 1-day loss since February

Apr 19, 2010

The price of the front-month crude contract continued to fall Apr. 16 in the New York market, dropping 2.65% to close slightly above $83/bbl in the largest 1-day percentage decline since early February as it followed the equity market down after the US Securities and Exchange Commission charged The Goldman Sachs Group Inc. with fraud over subprime-related trades of financial securities.

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