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.

Related Maps

Canadian Oil Sands
Canadian Oil Sands

Oil Sands News

Canadian Oil Sands board to review Suncor’s unsolicited takeover offer

Oct 6, 2015

The board of Canadian Oil Sand Ltd. (COS) reported it will review the unsolicited takeover offer made Oct. 5 by Suncor Energy Inc., Calgary. Suncor’s offer to acquire all the outstanding shares of COS is valued at $4.3 billion (Can.).

Owning the agenda

Sep 28, 2015

Senate Democrats and former Sec. of State Hillary Clinton have joined US President Barack Obama's escalating campaign to sacrifice welfare from fossil energy to newly sanctified fear about climate change.

Husky Energy increases thermal production at Rush Lake

Sep 24, 2015

Husky Energy Inc. said its Rush Lake heavy oil thermal project in Saskatchewan exceeded nameplate capacity of 10,000 b/d a month after startup of production (OGJ Online, July 17, 2015).

Suncor to add 10% interest in Fort Hills oil sands project

Sep 21, 2015

Suncor Energy Inc., Calgary, has agreed to acquire 10% working interest in the Fort Hills oil sands project from Total E&P Canada Ltd. for $310 million (Can.), or $230 million (US). The deal is expected to close by yearend.

STEO: Global oil consumption revised down on weak China economic data

Sep 20, 2015

In its most recent Short-Term Energy Outlook, the US Energy Information Administration reported it expects global oil consumption to increase 1.2 million b/d in 2015 and 1.3 million b/d in 2016.

AER allows Nexen to resume operations of more lines at Long Lake

Sep 17, 2015

Alberta Energy Regulator has allowed Nexen Energy ULC to resume operations on 10 more lines at its Long Lake oil sands project, but 45 lines remain shut in after a leak in July of 5,000 cu m of emulsion.

Voters dislike Keystone XL delays, latest API-commissioned poll finds

Sep 17, 2015

Most US voters believe years of Obama administration delays in reaching a decision over whether TransCanada Corp. should receive a cross-border permit for its proposed Keystone XL (KXL) crude oil pipeline have hurt US energy security and the economy, a telephone poll commissioned by the American Petroleum Institute found.

BHI: US rig count hits lowest level since January 2003

Sep 11, 2015

The overall US drilling rig count declined 16 units to 848 during the week ended Sept. 11, representing a new low point during the current downcycle, according to data from Baker Hughes Inc.

AER permits Nexen to operate 40 utility lines at Long Lake

Sep 8, 2015

Alberta Energy Regulator has approved resumption of operations on 40 pipelines related to utilities at the Long Lake oil sands project operated by Nexen Energy ULC. Some 55 lines remain shut in.

Unit fire slashes Syncrude output until end-September

Sep 3, 2015

Syncrude Canada Ltd.’s upgrader in the Mildred Lake oil sands production area, about 40 km north of Fort McMurray, Alta., will operate at reduced rates until the end of September following a fire that struck the unit on Aug. 29.

Husky starts steam at second Sunrise plant

Sep 2, 2015

Husky Energy Inc. has started steam operations at the second of two processing plants at the Sunrise Energy project in northeastern Alberta.

Surmont 2 oil sands production launches from Alberta

Sep 1, 2015

Operator ConocoPhillips and 50-50 partner Total SA have started production from their Surmont 2 in-situ oil sands facility situated 63 km southeast of Fort McMurray in the Athabasca region of Alberta.

Fire hits Syncrude’s Alberta oil sands upgrader

Aug 31, 2015

An investigation is under way into a fire that occurred early on Aug. 29 at Syncrude Canada Ltd.’s upgrader in the Mildred Lake oil sands production area, about 40 km north of Fort McMurray, Alta.

AER orders Nexen to shut 95 pipelines at Long Lake

Aug 31, 2015

The Alberta Energy Regulator on Aug. 28 ordered Nexen Energy ULC to shut 95 pipelines at its Long Lake oil sands operations due to noncompliance in pipeline maintenance and monitoring. The lines carry crude oil, natural gas, salt water, fresh water, and emulsion.

Like Keystone XL, Energy East caught in a chokehold

Aug 24, 2015

Another important pipeline finds itself in a chokehold.

Stay Connected