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

Novel upgrading technology cuts diluent use, capital costs

Feb 2, 2015

A novel bitumen upgrading process that decreases the amount of diluent required for pipeline transportation and reduces overall operating costs has been proven in a 100-b/d demonstration plant in Pennsylvania.

BHI: Texas anchors 90-unit plunge in US rig count

Jan 30, 2015

The US drilling rig count plunged 90 units—a majority of which were in Texas—to settle at 1,543 rigs working during the week ended Jan. 30, Baker Hughes Inc. reported.

Oxy cuts capital budget by a third

Jan 30, 2015

In the midst of falling oil prices, Occidental Petroleum Corp., Houston, expects to reduce its total capital spending for 2015 to $5.8 billion from $8.7 billion in 2014.

Cenovus trims additional $700 million from capital budget

Jan 28, 2015

Cenovus Energy Inc., Calgary, will defer $700 million in additional capital expenditures originally planned for 2015 until crude oil prices recover, targeting a revised budget of $1.8-2 billion, the company says.

Pengrowth cuts capital spending due to declining oil prices

Jan 23, 2015

The recent “rapid” decline in world oil prices is the main reason given by Pengrowth Energy Corp., Calgary, for setting its 2015 capital budget at $200 million, 74% below its $770 million budget for 2014.

Syncrude files applications for Mildred Lake extensions

Jan 20, 2015

Syncrude Canada Ltd. has filed applications with Alberta Energy Regulator for two extensions to the Mildred Lake oil sands production area.

Take that, Canada!

Jan 12, 2015

Mexican President Enrique Pena Nieto needs a warning about how the US treats friends nowadays. On the day of his chummy, Dec. 6, 2014, meeting with President Barack Obama in Washington, DC, the White House promised Obama would veto legislation approving the Keystone XL pipeline border crossing.

Cenovus trims budget, slows oil sands work

Dec 22, 2014

Cenovus Energy Inc., Calgary, is trimming its capital spending in response to falling crude prices and will slow development of some of its thermal oil sands projects in Alberta.

Cenovus trims budget, slows oil sands work

Dec 16, 2014

Cenovus Energy Inc., Calgary, is trimming its capital spending in response to declining crude oil prices and will slow development of some of its thermal oil sands projects in Alberta.

Pengrowth starts commercial steam operations at Lindbergh thermal project

Dec 16, 2014

Pengrowth Energy Corp., Calgary, reported the startup of commercial steam operations at Phase 1 of its Lindbergh thermal project in the Cold Lake area of eastern Alberta.

Sunshine Oilsands appoints chief executive officer

Dec 15, 2014

Sunshine Oilsands Ltd., Calgary, has appointed Luo Hong as chief executive officer and Jiang Qi as president and chief operating officer.

Husky reports start of steam operations at Sunrise oil sands project

Dec 12, 2014

Husky Energy, Calgary, reported the start of steam operations at the in situ Sunrise Oil Sands Project in northeastern Alberta.

Kearl resumes oil sands production, Imperial reports

Dec 9, 2014

Imperial Oil Ltd., Calgary, has resumed production at its Kearl oil sands operations in Alberta after a precautionary shutdown due to a “vibration issue” with the plant’s ore-crusher unit.

Nexen starts bitumen production at Kinosis 1A in Alberta

Dec 8, 2014

China National Offshore Oil Corp. Ltd. reported the start of bitumen production at the Kinosis 1A (K1A) steam-assisted gravity drainage (SAGD) facility in Alberta.

Suncor wraps maintenance on Alberta upgrader

Dec 1, 2014

Suncor Energy Inc. has completed 11 weeks of scheduled maintenance on one of two oil sands upgraders at its operations near Fort McMurray, Alta.

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