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

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.

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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.

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.

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.

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Jul 12, 2010

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.

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Jul 5, 2010
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