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

CERI: Costs up for oil sands production

Jul 23, 2014

The costs of producing bitumen and synthetic crude in the Albertan oil sands have increased over the past year, says the Canadian Energy Research Institute in an annual report that projects steady growth in output.

AER responds to reports on cause of Primrose bitumen leaks

Jul 22, 2014

The Alberta Energy Regulator (AER) said on July 22 that it agrees with the assessment that the steaming strategy and wellbore issues were the main contributing factors to last year’s bitumen flow-to-surface (FTS) incidents at the east and south sections the Primrose project operated by Canadian Natural Resources Ltd. (CNRL).

Suncor, GE aim to reduce GHG emissions, water usage in oil sands

Jul 9, 2014

Suncor Energy Inc., Calgary, and GE have signed two agreements that aim to reduce greenhouse gas (GHG) emissions and water usage in the oil sands.

WoodMac: NorAm oil output increases to outpace Middle East 4:1 by 2020

Jun 12, 2014

By 2020, increases in North American oil production will outpace that of the Middle East by 4:1 on a per barrel basis, and by 2030, North American output will increase by 390 million tonnes of oil equivalent (mtoe) from 650 mtoe in 2009, according to long-term analysis of global energy trends by Wood Mackenzie.

Osum to purchase Orion project from Shell for $325 million (Can.)

Jun 11, 2014

Osum Oil Sands Corp., Calgary, plans to purchase the Orion oil sands project in Alberta from Shell Canada for $325 million (Can.).

CAPP eases outlook for Canadian oil output

Jun 10, 2014

Oil production in Canada will increase at an average rate of 175,000 b/d/year through 2030—but not to as high a level as was forecast a year ago, reports the Canadian Association of Petroleum Producers.

Total suspends work on Joslyn SAGD oil sands project

May 30, 2014

Total SA has reported it will suspend engineering and design work on the $11 billion (Can.) Joslyn Creek steam-assisted gravity drainage (SAGD) oil sands project, 60 km north of Fort McMurray in Alberta. The company said it will lay off 150 of the project’s staff.

AER: Bitumen, crude oil production up in 2013

May 30, 2014

Alberta’s bitumen production increased 8% in 2013 while crude oil production increased 5%, according to an annual report from Alberta Energy Regulator.

Statoil, PTTEP complete Canadian oil sands agreement

May 29, 2014

Statoil AS and Thailand’s PTT Exploration & Production PCL (PTTEP) completed an agreement to divide their interests in the Kai Kos Dehseh (KKD) oil sands project in northeast Alberta, Canada, said Statoil.

Keyera takes stake in Enbridge Athabasca diluent line

May 20, 2014

Keyera Corp. has agreed with Enbridge Pipelines (Athabasca) Inc. to participate in the Norlite Pipeline as a 30% nonoperating owner. The Norlite Pipeline will move diluent for producers from the Edmonton-Fort Saskatchewan area into the Athabasca oil sands region.

Sen. Hoeven submits updated Keystone XL approval bill

May 1, 2014

US Sen. John Hoeven (R-ND) submitted a fresh bill that would bypass the White House and congressionally approve the proposed Keystone XL crude oil pipeline’s cross-border permit.

Latest Keystone delay isn’t political, White House spokesman says

Apr 22, 2014

The decision to give eight federal agencies more time to prepare comments about the proposed Keystone XL crude oil pipeline project’s cross-border permit was not political, White House Press Secretary Jay Carney said.

Alberta to spend $144 million on CCS in 2014

Apr 21, 2014

The government of Alberta has budgeted $144 million (Can.) this year for two projects it is supporting for carbon capture and sequestration (CCS) related to oil sands development.

Suncor reports oil sands employee fatality

Apr 21, 2014

Suncor Energy Inc. reported that an employee fatality occurred at its oil sands site on Apr. 20.

ConocoPhillips raises estimates on Eagle Ford recoverable resources, production

Apr 11, 2014

ConocoPhillips has increased its estimated resource base in the Eagle Ford play to 2.5 billion bbl of oil in place from 1.8 billion bbl, as well as its estimated production from current volumes to more than 250,000 boe/d by 2017.

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