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

Latest Keystone delay isn’t political, White House spokesman says

Apr 22, 2014

The decision to give eight federal agencies more time to prepare comments about the proposed Keystone XL crude oil pipeline project’s cross-border permit was not political, White House Press Secretary Jay Carney said.

Alberta to spend $144 million on CCS in 2014

Apr 21, 2014

The government of Alberta has budgeted $144 million (Can.) this year for two projects it is supporting for carbon capture and sequestration (CCS) related to oil sands development.

Suncor reports oil sands employee fatality

Apr 21, 2014

Suncor Energy Inc. reported that an employee fatality occurred at its oil sands site on Apr. 20.

ConocoPhillips raises estimates on Eagle Ford recoverable resources, production

Apr 11, 2014

ConocoPhillips has increased its estimated resource base in the Eagle Ford play to 2.5 billion bbl of oil in place from 1.8 billion bbl, as well as its estimated production from current volumes to more than 250,000 boe/d by 2017.

Statoil’s oil sands production saw slight decline in 2013

Apr 8, 2014

Statoil ASA reported a slight decrease in its oil sands production in 2013 because of a planned multiweek plant shutdown for facility maintenance and the integration of new scientific research and experimental development measures, according to the company’s 2013 Oil Sands Report.

Cenovus gets AER approval for Grand Rapids oil sands project

Mar 21, 2014

Cenovus Energy Inc. reported that it has received approval from the Alberta Energy Regulator (AER) for its wholly owned Grand Rapids thermal oil sands project 300 km north of Edmonton in the company’s Greater Pelican Region in northern Alberta.

Ivanhoe halts Tamarack oil sands project citing lack of regulatory ‘clarity’

Mar 18, 2014

Ivanhoe Energy Inc. has suspended activity on its Tamarack oil sands project pending approval for its thermal oil sands application from the government of Alberta.

CAPP: Emissions monitoring Continues in Alberta oil sands

Mar 10, 2014

Alberta's oil sands producers have monitored emissions for potential public health impacts with the province's government for a while, the Canadian Association of Petroleum Producers said.

Keystone XL national interest comments deadline approaches

Mar 6, 2014

Groups on both sides said support has grown for their positions as the US Department of State’s Mar. 7 deadline approached for comments on whether the proposed Keystone XL crude oil pipeline is in the nation’s best interest.

CAPP: Emissions monitoring continues in Alberta oil sands

Mar 4, 2014

Alberta’s oil sands producers have monitored emissions for potential public health impacts with the province’s government for some time, the Canadian Association of Petroleum Producers said.

Williams Partners to buy Canadian assets from Williams for $1.2 billion

Feb 27, 2014

Williams Partners LP, Tulsa, has agreed to acquire Williams Cos. Inc.’s Alberta operations for $1.2 billion. The transaction is expected to close Feb. 28. Williams currently owns 64% of Williams Partners, including general partner interest.

Grizzly Oil Sands begins SAGD production at Algar Lake

Feb 27, 2014

Grizzly Oil Sands ULC, Calgary, has begun steam injection at its Algar Lake project in Alberta. The company said oil production “is evident in steam circulation fluids.”

IHS: Canada's oil sands an economic boon for jobs

Feb 17, 2014

Oil sands production is responsible for significantly boosting Canada's jobs, economic growth, and government revenue, according to IHS CERA Oil Sands Dialogue study, "Oil Sands Economic Benefits: Today and in the Future."

IHS: Canada’s oil sands an economic boon for jobs

Feb 11, 2014

Oil sands production is responsible for significantly boosting Canada’s jobs, economic growth, and government revenue, according to IHS CERA Oil Sands Dialogue study, “Oil Sands Economic Benefits: Today and in the Future.”

Statoil, PTTEP to divide oil sands stakes

Jan 30, 2014

Statoil AS and PTT Exploration & Production (PTTEP) of Thailand have agreed to divide their interests in the multiarea Kai Kos Dehseh (KKD) oil sands project about 120 km south of Fort McMurray, Alta.

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