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

State Department IG's office to review Keystone XL permit process

Nov 9, 2011

The US Department of State’s inspector general’s office will conduct a special review of DOS’s handling of the environmental impact statement and national interest determination for TransCanada Corp.’s proposed Keystone XL crude oil pipeline project.

API: US support strong for importing more Canadian crude

Nov 4, 2011

A survey found 79% of 924 US registered voters support importing more crude oil from Canada, the American Petroleum Institute announced.

Keystone XL is 'overwhelmingly' in US interest, supporters say

Oct 7, 2011

The essential question the US Department of State must address as it considers the Keystone XL pipeline’s cross-border permit application is whether the project is in the national interest of the US, several of the project’s supporters said.

NWRP lets FEED contract to Fluor for Alberta refinery

Oct 6, 2011

North West Redwater Partnership (NWRP) let a contract to Fluor Corp. to provide front-end engineering and design (FEED) services for a 50,000-b/d bitumen refinery project in Alberta. Project cost is $5 billion (Can.); completion is slated for 2014.

MARKET WATCH: Hopes for Euro-zone solution lift energy prices

Sep 27, 2011

After falling heavily through four of five trading sessions last week, energy prices rebound slightly Sept. 26 on renewed hope the Euro-zone may yet resolve its sovereign debt crisis.

Industry groups press for prompt Keystone XL project approval

Sep 19, 2011

Oil industry groups increased pressure on the US Congress and President Barack Obama to approve the proposed Keystone XL crude oil pipeline project’s cross-border permit application.

Enbridge to expand Athabasca crude oil pipeline

Sep 16, 2011

Enbridge Inc. said it will construct a twin to the southern section of its Athabasca Pipeline from Kirby Lake, Alta., to the crude oil hub at Hardisty, Alta., at an estimated cost of $1.2 billion.

API-backed study eyes regulatory impacts on energy, job growth

Sep 7, 2011

US government policies that encourage development of new and existing oil and gas resources could, by 2030, increase production by more than 10 million b/d of oil equivalent, support 1.4 million more jobs, and raise another $803 billion of government revenue, a study commissioned by the American Petroleum Institute concluded.

US Chamber urges Congress, Obama to take positive energy steps

Sep 6, 2011

US Chamber of Commerce Pres. Thomas J. Donahue urged Congress and US President Barack Obama to open more offshore areas to oil and gas leasing and development, expand access to onshore federal lands, promote more US natural gas development, and approve the proposed Keystone XL pipeline from Canada as one of six immediate actions to create more US jobs.

After vital moves, US stays on course for overregulation

Sep 2, 2011

Despite welcome moves to corral environmental zealots, the Obama administration remains committed to regulation in general.

Oil sands crude will reach US without Keystone XL pipeline, consultant says

Aug 30, 2011

EnSys Energy & Systems Inc. and Navigistics Consulting concluded in a report issued as part of the US Department of State’s final environmental impact statement (FEIS) on TransCanada’s proposed Keystone XL crude oil pipeline that it is “almost impossible…to conceive of a situation” wherein the anticipated 1.4 million b/d growth in Western Canadian Sedimentary Basin crude could not be shipped to the US, even if Keystone XL is not approved.

Costs, labor top list of oil sands risks

Aug 29, 2011

Cost increases and labor shortages appear atop a list of risks facing producers in the Canadian oil sands, balanced by opportunities that include growing global oil demand and the economic importance of oil sands production to Canada.

DOS issues final EIS for proposed Keystone XL pipeline

Aug 26, 2011

The US Department of State issued a final environmental impact statement of the proposed Keystone XL crude oil pipeline. The finding that the project would have limited environmental impacts drew cheers from oil and gas and other business groups, and boos from environmental organizations.

CNRL resumes synthetic crude sales from the Horizon upgrader

Aug 23, 2011

Canadian Natural Resources Ltd. (CNRL) has resumed the sale of synthetic crude oil from its Horizon oil sands operation in Northern Alberta.

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.

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