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

The price signal

Apr 13, 2015

Price, as everyone knows, represents a signal to buyers and sellers about conditions in the oil market. It's information that guides behavior.

NEB sees growth in bitumen production through 2018

Mar 31, 2015

Despite budget cuts for oil sands projects, Canada’s National Energy Board reports the potential of an additional 1 million b/d through 2018. Current bitumen production is less than 2.5 million b/d.

Delayed West Ells SAGD project to start up this summer

Mar 27, 2015

Full first steam from the West Ells thermal oil sands project in the Athabasca region of Alberta is slated to commence in late June, with production launch in September.

Canadian oil industry jobs, revenues plunge

Mar 26, 2015

The Canadian oil industry will shed nearly 8,000 jobs this year as revenues fall by $43 billion (Can.) in response to the plunge in oil prices, predicts the Conference Board of Canada.

Alberta introduces oil sands environmental requirements

Mar 23, 2015

Alberta introduced new requirements to control tailings ponds and regulate water use from the Athabasca River as part of the Canadian province's efforts to reduce oil sands development impacts.

Nexen to cut 400 jobs in North America, UK

Mar 18, 2015

Nexen Energy ULC, a wholly owned subsidiary of CNOOC Ltd., has reported organizational changes that will result in the reduction of 340 jobs in North America and 60 jobs in the UK, spurred by the decline in crude oil prices.

Alberta introduces oil sands environmental requirements

Mar 16, 2015

Alberta introduced new requirements to control tailings ponds and regulate water use from the Athabasca River as part of the Canadian province’s efforts to reduce oil sands development impacts.

API examining environmental impacts of dilbit when released

Mar 16, 2015

The American Petroleum Institute is studying the properties of diluted bitumen (dilbit) and expects to develop findings about how oil sands crude behaves when it is accidentally released, API Pipeline Director Peter Lidiak told a National Academies hearing on the subject.

Watching Government: NWT make plans

Mar 16, 2015

Canada's Northwest Territories sit on trillions of cubic feet of natural gas, yet many of its 43,000 residents pay more than they should to heat their homes each winter because they have to rely on diesel fuel.

Prosper files OSCA application for Rigel oil sands project

Mar 13, 2015

Prosper Petroleum Ltd., Calgary, has filed an Oil Sands Conservation Act application with Alberta Energy Regulator for the Rigel oil sands project.

Oil Climate Index measures 30 global crudes’ environmental impacts

Mar 12, 2015

Researchers at the Carnegie Endowment for International Peace, Stanford University, and the University of Calgary unveiled the first Oil Climate Index to compare various crude oils’ environmental impacts from the wellhead to the consumer.

Husky reports start of production from Sunrise oil sands project

Mar 11, 2015

Husky Energy Inc., Calgary, reported the start of production at the first of two 30,000-b/d plants at the in situ Sunrise Oil Sands Project in northeastern Alberta.

API is examining dilbit’s environmental impacts when released

Mar 10, 2015

The American Petroleum Institute is studying the properties of diluted bitumen (dilbit) and expects to develop findings about how oil sands crude behaves when it is accidentally released, API Pipeline Director Peter Lidiak told a National Academies hearing on the same subject.

CSIS report outlines main US oil infrastructure challenges

Mar 9, 2015

The US crude oil renaissance has created strong demand for expanded US transportation systems, resulting in five primarily challenges, a recent Center for Strategic and International Studies report concluded.

IHS: Crude transported by Keystone XL would be consumed in US

Mar 2, 2015

Most, if not all, of the crude oil that would be transported via the proposed Keystone XL pipeline to the US Gulf Coast would not be exported, and the vast majority of refined product-about 70%-derived from it would be consumed in the US, according to a recent report by IHS.

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