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

Canadian oil sands producers form environmental alliance

Mar 12, 2012

Producers active in the oil sands of Canada will collaborate to improve environmental performance under a new group to be led by a former official of the federal government.

CNRL on schedule to restart Horizon bitumen upgrader in March

Mar 9, 2012

Canadian Natural Resources Ltd. drilled a record number of wells and achieved record quarterly production totaling more than 657,000 boe/d during fourth-quarter 2011, and plans are on schedule for the Horizon bitumen upgrader to resume full operations by the end of March.

Comments open on Frontier oil sands project

Mar 6, 2012

Alberta’s Energy Resources Conservation Board has opened applications for the Frontier Oil Sands Mines Project for comment after the operator agreed to a deal that would give it 100% interest in the development about 100 km north of Fort McMurray.

Canadian oil sands producers form environmental alliance

Mar 2, 2012

Producers active in the oil sands of Canada will collaborate to improve environmental performance under a new group to be led by a former official of the federal government.

Move targeting oil sands stalls in EU

Feb 23, 2012

A European Union technical committee handed Alberta producers a “small victory” by declining to declare fuels made from bitumen to be greater emitters of greenhouse gases than those from other types of crude oil.

Connacher delays oil sands expansion, names CEO

Feb 22, 2012

Connacher Oil & Gas Ltd., Calgary, which last month disclosed a strategic review following key management changes, has delayed the planned expansion of its Alberta oil sands production project and named an interim chief executive officer (OGJ Online, Jan. 20, 2012).

CNRL applies for Kirby oil sands expansion

Feb 17, 2012

Canadian Natural Resources Ltd. has filed regulatory applications for expansion of its Kirby in situ oil sands project in the southern Athabasca region of Alberta.

Canada, Alberta commit to 'improve' environmental monitoring of oil sands

Feb 13, 2012

The governments of Canada and Alberta, stung by the recent US decision to postpone development of the Keystone XL crude oil pipeline project, have agreed to step up their monitoring of the environmental effects of oil sands developments.

Canada, Alberta commit to 'improve' environmental monitoring of oil sands

Feb 6, 2012

The governments of Canada and Alberta, stung by the recent US decision to postpone development of the Keystone XL crude oil pipeline project, have agreed to step up their monitoring of the environmental effects of oil sands developments.

BLM issues draft programmatic EIS for western oil shale, tar sands

Feb 3, 2012

The US Bureau of Land Management published a draft programmatic environmental impact statement and possible land use amendments for federally administered oil shale and tar sands acreage in Colorado, Utah, and Wyoming.

Imperial to boost Cold Lake bitumen output

Feb 3, 2012

Imperial Oil Ltd. has approved expansion of its Cold Lake in situ oil sands project in Alberta in a $2 billion project that will boost production by more than 40,000 b/d of bitumen.

ExxonMobil licenses oil sands steam system

Feb 2, 2012

ExxonMobil Upstream Research Co. has award the first license for a patented steam injection system in use in the Cold Lake oil sands project in Alberta to Baker Hughes.

Grizzly to buy, develop oil sands acreage

Feb 1, 2012

Grizzly Oil Sands UIC has agreed to buy Petrobank Energy & Resources Ltd.’s May River oil sands acreage in northern Alberta and plans to develop it with modular steam-assisted gravity drainage technology.

EPRINC: US oil product export ban would raise costs

Dec 21, 2011

Proposals to ban US petroleum product exports to ensure ample domestic supplies would raise costs for domestic consumers, the Energy Policy Research Institute (EPRINC) warned in a Dec. 21 briefing memorandum.

Suncor appoints Williams as president

Dec 12, 2011

Suncor Energy Inc. appointed Steve Williams, chief operating officer since 2007, as president and a member of the company's board. Willams will assume the role of chief executive officer upon Rick George's retirement in May 2012.

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