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

Mar 15, 2010

MARKET WATCH: Crude inches up to 2-month high

Mar 12, 2010

Crude inched up Mar. 11 to its highest level in 2 months in the New York market and “appears to be on track for more of the same as the dollar continues to weaken,” said analysts in the Houston office of Raymond James & Associates Inc.

BP to buy assets from Devon Energy for $7 billion

Mar 11, 2010

BP PLC announced plans to buy Devon Energy Corp.’s assets in the deepwater Gulf of Mexico, Brazil, and Azerbaijan for $7 billion.

IHS Herold: Global upstream M&A activity up in 2009

Mar 8, 2010

The value of global upstream mergers and acquisitions jumped 40% during 2009 to just under $150 billion, IHS Herold Inc. reported Mar. 8 in its annual Global Upstream M&A Review.

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Mar 8, 2010

OGJ Newsletter

Mar 1, 2010

Advertisers Index

Mar 1, 2010

Integrated firms' budgets targeting upstream projects

Mar 1, 2010 US-based integrated firms are shifting more of their capital spending dollars toward upstream projects and away from their downstream operations that manufacture, transport, and market refined products.

Special Report: E&P in sharper focus for 2010 capital expenditures

Mar 1, 2010 OGJ's annual capital spending report shows that capital spending for all oil and gas projects in the US will decline 5% this year to $220 billion. Greater efficiency, slightly lower costs, and a rationalization of refining capacity will drive this decline.

EIA forecasts gradual improvement in US gas markets

Feb 22, 2010 US natural gas markets should gradually improve during 2010 with modest demand growth, lower production and imports, and higher prices, the US Energy Information Administration suggested in its latest Short-Term Energy Outlook.

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Feb 22, 2010

OGJ Newsletter

Feb 22, 2010

Progress Energy to buy Suncor gas properties

Feb 19, 2010

Progress Energy Resources Corp. plans to buy certain natural gas properties in British Columbia from Suncor Energy Inc. for $390 million (Can.).

Special Report; Pipeline construction plans slow for 2010

Feb 15, 2010 Planned pipeline construction to be completed in 2010 fell by more than 24% from the year prior; with fewer miles planned across all pipeline types (natural gas, crude, and products) and most geographic regions.

EIA forecasts gradual improvement in US gas markets

Feb 11, 2010

US natural gas markets should gradually improve during 2010 with modest demand growth, lower production and imports, and higher prices, the US Energy Information Administration suggested in its latest Short-Term Energy Outlook.

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