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

Laricina seeks single-well SAGD at Saleski

Nov 13, 2012

Laricina Energy Ltd. has amended its application for first-phase commercial development of its Saleski oil sands acreage in Alberta to use cyclic steam-assisted gravity drainage in a single horizontal well.

BLM releases scaled-back Western oil shale, tar sands proposal

Nov 9, 2012

The US Bureau of Land Management proposed an oil shale and tar sands research, development, and demonstration (RD&D) plan for land it administers in Colorado, Utah, and Wyoming. The proposal involves less acreage than one developed in 2008, and represents a significant improvement, the Natural Resources Defense Council said in response.

Risks in foreign investment

Oct 29, 2012

Many in the oil and gas financial world are watching with interest as the Canadian government reviews its requirements by which foreign investors can acquire Canadian companies, particularly when the foreign investor involves a state-owned enterprise such as Malaysia's Petronas and China's CNOOC Ltd.

Marathon Oil ponders partial sale of Athabasca oil sands stake

Oct 24, 2012

Marathon Oil Corp. is discussing a potential sale of part of its 20% outside-operated interest in the Athabasca oil sands project in Alberta, and it also is expanding its holdings in the South Texas Eagle Ford shale play through one completed acquisition and one pending acquisition.

Baytex buys oil sands acreage, plans pilot

Oct 4, 2012

Baytex Energy Corp., Calgary, plans to begin pilot thermal recovery project next year on oil sands acreage it has acquired in the Cold Lake region of northeastern Alberta.

AOC expects Hangingstone oil sands okay

Oct 4, 2012

Athabasca Oil Corp., Calgary, expects to receive approval to proceed with its Hangingstone Project 1 in situ oil sands development in the southern Athabasca region of Alberta (OGJ Online, Sept. 13, 2010).

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.

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