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

Cenovus to acquire Oilsands Quest leases

Oct 3, 2012

Cenovus Energy Inc., Calgary, has received court approval to buy the remaining assets of Oilsands Quest, which is being restructured under the Canadian Companies’ Creditors Arrangement Act, for $10 million.

Williams to provide gas processing in Canada's oil sands

Sep 27, 2012

Williams Cos. Inc., Tulsa, has signed a gas processing agreement with a producer in the Canadian oil sands, according to a company announcement that did not name the producer. OGJ data, however, suggest it is Canadian Natural Resources Ltd., Calgary.

Connacher's Great Divide expansion okayed

Sep 26, 2012

Connacher Oil & Gas Ltd. has received approval from the Energy Resources Conservation Board of Alberta for an expansion of thermal production of bitumen from its delayed Great Divide Oil Sands acreage 70 km south of Fort McMurray.

Osum's Taiga heavy oil project approved

Sep 12, 2012

Osum Oil Sands Corp., Calgary, has received approval of its Taiga thermal heavy oil project near Bonnyville in the Cold Lake region of Alberta from the Energy Resources Conservation Board.

CERI: Oil sands growth would continue without pipelines

Sep 10, 2012

Preventing construction of the Keystone XL pipeline would not keep Alberta oil sands activity from growing, the president of the Canadian Energy Research Institute said.

Shell okays Quest CCS project in Alberta

Sep 5, 2012

Shell Canada Ltd. has approved construction of the first commercial carbon capture and storage (CCS) project in the Canadian oil sands producing region (OGJ Online, July 12, 2012).

Study notes tailing-pond technology paths

Aug 31, 2012

A study conducted for the Alberta government’s research organization has created a framework for developing technologies related to tailing ponds in oil sands mining operations.

CERI: Oil sands growth would continue without pipelines

Aug 31, 2012

Preventing construction of the Keystone XL pipeline would not keep Alberta oil sands activity from growing, the president of the Canadian Energy Research Institute said. “There could be 50,000-200,000 b/d of rail capacity for bitumen if the pipeline isn’t built. That would slow down, but not stop, production,” Peter Howard indicated.

OSHOT: China's ability to process Canadian heavy oil limited

Jul 25, 2012

China’s ability to process large volumes of heavy crude oil from Canada’s oil sands is limited. Xingyi Wang, vice-president of China National Petroleum Corp. America Ltd., made this remark July 25 while addressing China’s plans regarding heavy oil at the Oil Sands & Heavy Oil Technologies conference in Calgary.

Cenovus lists oil sands, heavy oil, conventional progress

Jul 25, 2012

Cenovus Energy Inc., Calgary, has provided updates on its Foster Creek, Christina Lake, Pelican Lake, Telephone Lake, and Narrows Lake oil sands and heavy oil projects in western Canada.

OSHOT: Recovered sulfur from oil, gas operations set to rise

Jul 24, 2012

The amount of sulfur recovered from global oil and gas operations is set to increase by the equivalent of 30% of current production during 2011-16, according to Uday Parekh of DEVCO, Tulsa.

IEA sees modest oil demand hike in 2013

Jul 23, 2012

In light of muted economic recovery, global oil demand in 2013 will increase by 1 million b/d to average 90.9 million b/d, the International Energy Agency said in its latest monthly Oil Market Report. For the first time, demand in developing countries will overtake demand in the Organization for Economic Cooperation and Development (OECD).

ERCB approves Quest CCS project in Alberta

Jul 12, 2012

The Energy Resources Conservation Board of Alberta has conditionally approved Shell Canada Ltd.’s application for the Quest carbon capture and storage (CCS) project at the Scotford Upgrader north of Edmonton.

Nexen notes progress in oil sands project

Jun 26, 2012

Nexen Inc. has begun production from the 12th pad at its Long Lake oil sands project and steaming of the 13th pad, saying it is adjusting work to quality of the complex resource in the southern Athabasca region of Alberta (OGJ Online, Apr. 16, 2012).

Canadian oil output seen doubling by 2030

Jun 6, 2012

Production of crude oil will more than double to 6.2 million b/d by 2030, largely from oil sands, according to the Canadian Association of Petroleum Producers.

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