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

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.

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.

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