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

Imperial, ExxonMobil Canada to buy Clyden stake

Aug 8, 2013

Imperial Oil Resources and ExxonMobil Canada will acquire the 100% interest held by ConocoPhillips in the 226,000-acre Clyden oil sands leasehold 150 km south of Fort McMurray, Alta., for about $751 million (Can.).

Cenovus seeks oil sands project expansion

Aug 2, 2013

Cenovus FCCL Ltd. has filed applications for Phase J expansion at its Foster Creek thermal oil sands project 90 km north of Cold Lake, Alta.

Alberta cancels leases near Fort McMurray

Jul 30, 2013

To make room for urban development stimulated by oil sands development, the government of Alberta is cancelling 32 oil sands leases held by 10 companies around crowded Fort McMurray.

Oil sands ramp-up boosts Cenovus second quarter

Jul 24, 2013

Cenovus Energy Inc., Calgary, said it has achieved first heavy oil production last week from Phase E at its Christina Lake thermal project in Alberta and that the company’s overall oil sands production climbed 17% in the second quarter.

Solimar cuts thick, oily Temblor at San Joaquin well

Jul 22, 2013

Solimar Energy Ltd., Melbourne, said its Kreyenhagen Ranch 2-33 well in the northwestern San Joaquin basin in California has encountered more than 600 ft of Temblor formation heavy oil sands with oil present throughout.

Connacher: Solvent boosts SAGD test flow

Jul 18, 2013

Connacher Oil & Gas Ltd. raised bitumen production and lowered steam injection rates in a test of a proprietary method for enhancing steam-assisted gravity drainage with injection of solvent at its Algar oil sands development in Alberta (OGJ Online, Nov. 16, 2012).

Lindbergh oil sands development approved

Jul 15, 2013

Pengrowth Energy Corp., Calgary, has received final regulatory approval for the first commercial phase of its Lindbergh thermal oil sands development near Bonnyville in east-central Alberta (OGJ Online, Aug. 6, 2012).

Jackpine oil sands mine expansion advances

Jul 10, 2013

Shell Canada Energy, operator of the Athabasca Oil Sands Project (AOSP) joint venture, has received conditional Alberta Energy Regulator approval for expansion of its Jackpine oil sands mine about 70 km north of Fort McMurray, Alta.

Diluted bitumen poses no special pipeline leak risks, NAS panel finds

Jul 8, 2013

Oil sands crude does not pose an increased risk compared with other crude oils when transported via pipeline, said a committee of scientists reporting to the US Department of Transportation.

Small pipeline leak makes big noise in Canadian politics

Jun 24, 2013

That a small amount of crude oil in the wrong place at the wrong time can have big political impact says more about politics than crude oil.

Alberta Oil Sands inks Algar Lake farmout

Jun 6, 2013

Alberta Oil Sands Inc. (AOS), Calgary, has entered a farmout agreement with privately held Crescendo Resources Ltd. that will advance exploration of its Algar Lake oil sands prospect in Alberta.

CAPP expects Canadian oil production to double by 2030

Jun 5, 2013

With oil sands production climbing steadily and conventional production rebounding, Canadian oil production will more than double by 2030, predicts the Canadian Association of Petroleum Producers.

BlackPearl advances Onion Lake thermal EOR

Jun 4, 2013

BlackPearl Resources Inc., Calgary, will accelerate thermal enhanced oil recovery at a heavy oil property now producing conventionally in Saskatchewan to help finance a larger oil sands development in northern Alberta called Blackrod (OGJ Online, May 6, 2012).

CERI: Oil sands costs up 6.3-13.2% in year

May 29, 2013

The estimated cost of producing bitumen in Canada has increased by 6.3-13.2% in the past year, depending on the production method, according to the Canadian Energy Research Institute.

Marathon Oil says no sale on share of Athabasca oil sands

May 28, 2013

Marathon Oil Corp. said negotiations to sell its 20% interest in the Athabasca oil sands project have ended without any agreement being reached.

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