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

Canada to EU: Don't penalize oil sands

May 27, 2013

Canada's minister of natural resources has warned officials of the European Union against "discriminatory treatment" of fuels made from products of Canadian oil sands.

Large gain seen in Alberta oil production

May 13, 2013

Bitumen will claim an increased share of sharply higher oil production in Alberta over the next 10 years, according to the provincial Energy Resources Conservation Board.

Canada to EU: Don't penalize oil sands

May 9, 2013

Canada’s minister of natural resources has warned officials of the European Union against “discriminatory treatment” of fuels made from products of Canadian oil sands.

House Keystone XL hearing reveals growing depth of disagreement

Apr 15, 2013

A hearing on US Rep. Lee Terry's (R-Neb.) bill to congressionally authorize construction of the final portion of the proposed Keystone XL crude oil pipeline revealed how wide the gap has grown between the viewpoints of the project's proponents and opponents.

IHS: Prospects have dimmed for bitumen upgraders in Alberta

Mar 28, 2013

Prospects for new bitumen upgraders in Alberta have soured since the global recession of 2008, notes a study published by IHS on the same day plans were reported cancelled for a large project near Fort McMurray (OGJ Online, Mar. 27, 2013).

Suncor cancels Voyageur upgrader, buys Total's stake

Mar 27, 2013

Suncor Energy Inc., Calgary, has scrapped plans for the Voyageur upgrader project near Fort McMurray, Alta., and has acquired partner Total E&P Canada Ltd.’s interest for $515 million.

May River oil sands development expected

Mar 27, 2013

Gulfport Energy Corp., Oklahoma City, expects delineation drilling in the May River area of northern Alberta by Grizzly Oil Sands ULC to lead to filing of applications for thermal recovery of bitumen.

Salazar finalizes oil shale plan; BLM proposes revisions

Mar 23, 2013

US Interior Sec. Ken Salazar issued a record of decision that finalizes a development process for federal oil shale and tar sands resources in Colorado, Utah, and Wyoming. The US Bureau of Land Management simultaneously proposed revisions to regulations governing commercial development of those resources.

ConocoPhillips planning to divest some LNG, oil sands assets

Feb 28, 2013

ConocoPhillips is planning to sell some of its interest in the Australia Pacific LNG project and in the Canadian oil sands in a strategy to devote more cash to US shale plays, ConocoPhilips Chief Executive Ryan Lance said during a Feb. 28 investor and analyst meeting.

Imperial commissioning Kearl oil sands mine

Feb 4, 2013

Imperial Oil has begun commissioning its initial Kearl oil sands mining development in the northern Athabasca region of Alberta and expects production of diluted bitumen from the first froth-treatment train to begin this quarter (OGJ Online, Jan. 19, 2012). Production will ramp up to 110,000 b/d of bitumen over several months.

CGES: Oil field costs haven't made crude oil prices rise

Feb 4, 2013

About one third of the worldwide supply of crude oil costs less than $10/bbl to produce, and nearly 90% costs less than $20/bbl, according to a study arguing that production costs don't explain recent crude-price increases.

IHS: US still needs supply from Canadian oil sands

Jan 21, 2013

The US will continue to need hydrocarbons from the oil sands of Canada despite its rising output of light oil from tight formations, which nevertheless are reshaping markets for heavy Canadian material, says IHS.

Sunshine Oilsands advancing SAGD projects

Jan 17, 2013

Sunshine Oilsands Ltd., Calgary, has approved a budget for 2013 that includes the drilling of 16 well-pairs at its West Ells project and preliminary work at its Thickwood and Legend Lake areas, all in the Athabasca oil sands region of Alberta and targeted for development with steam-assisted gravity drainage.

IHS: US still needs supply from Canadian oil sands

Jan 14, 2013

The US will continue to need hydrocarbons from the oil sands of Canada despite its rising output of light oil from tight formations, which nevertheless are reshaping markets for heavy Canadian material, says IHS.

Alberta Oilsands reports solvent-SAGD step

Jan 10, 2013

Alberta Oilsands Inc., Calgary, has responded to the last request from Alberta officials for supplementary information in its application for a pilot project to produce bitumen with solvent-steam injection at its Clearwater acreage in northeastern Alberta.

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