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

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.

COMPANY NEWS: Noble to buy Frontier Drilling for $2.16 billion

Jul 12, 2010 Drilling contractor Noble Corp. plans to buy privately owned Frontier Drilling for $2.16 billion even though no near-term new drilling is expected for the Gulf of Mexico during court battles over the US moratorium on deepwater drilling.

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Jul 12, 2010

Editorial: China's one-way quest

Jul 12, 2010 The Chinese government has reinforced an already clear message that its global quest for oil and gas supplies is a one-way proposition.

Continued Alberta oil sands production growth seen

Jul 12, 2010 Forecasts are starting to indicate a rebound in activity for developing bitumen production from the oil sands in Alberta.

Waxman criticizes DOS pipeline review process

Jul 7, 2010

The US Department of State has not analyzed the most significant environmental impacts of a proposed crude oil pipeline from Canada and is conducting its review of the project’s application for a cross-border permit badly, US House Energy and Commerce Committee Chairman Henry A. Waxman (D-Calif.) said.

Total to buy Fort Hills stake from UTS

Jul 7, 2010

Total E&P Canada Inc. has agreed to acquire a 20% interest in the Fort Hills oil sands mining project in the Athabasca region of Alberta from UTS Energy Corp.

Special Report: Midyear Forecast: US energy demand gears up for expansion

Jul 5, 2010 Demand for oil and gas in the US will climb this year, boosted by tepid economic growth.

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Jul 5, 2010

Offshore spill not a reason to oppose an onshore pipeline

Jul 5, 2010 Follow the logic: A blowout in deep water causes a massive oil spill that soils beaches, disables wildlife, and disrupts fishing and tourism; therefore, a pipeline that would carry oil produced onshore over land shouldn't be built.

TransCanada cites benefits of proposed Keystone oil line

Jul 5, 2010 The sponsor of the proposed Keystone crude oil pipeline from Canada emphasized its safety and reliability prior to the US Department of State's public hearing before the comment period ends on July 2.

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Jul 5, 2010

TransCanada touts benefits of proposed Keystone crude line

Jun 29, 2010

The sponsor of the proposed Keystone crude oil pipeline from Canada emphasized its safety and reliability prior to the US Department of State’s final public hearing on the project before the comment period ends on July 2.

Enbridge to pursue Waupisoo oil sands pipeline expansion

Jun 28, 2010

Enbridge Inc. announced June 28 entering into shipper commitments totaling 229,000 b/d of capacity on the Waupisoo Pipeline, part of its Regional Oil Sands System.

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