Canada’s oilsands is the third largest deposit of oil on earth, with reserves of approximately 168 billion barrels and potential resources of up to 1.8 trillion barrels. There are three main oilsands deposits, Athabasca, Cold Lake, and Peace River, as well as significant processing and transportation infrastructure in Alberta's Industrial Heartland.
More than $200 billion of new capital investment is expected in the oilsands between 2013-2022, in addition to ongoing spending on maintenance, repair and operations. This is one of Canada's most dynamic and important industries.
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The regulatory review process for Teck Resources Limited’s proposed Frontier oilsands mining project is expected to continue into 2015, making late 2015 or 2016 the earliest an approval decision and receipt of required permits is expected, the company says. The ...Read the full story
While there has been an increase in financing activity for conventional oil producers, demonstrated success is required before small oilsands players will get the attention of equity markets, a recent energy conference heard. “The proof is in the pudding,” said ...Read the full story
Carbon capture is a costly business, but commercializing the process is seen as a key piece of the environmental and economic structure enabling continued heavy oil and oilsands growth. As producers evaluate different methods, Husky Energy Inc. is embarking on ...Read the full story
The quickly expanding practice of using railcars to transport bitumen from Alberta’s oilsands to refineries in eastern Canada and the United States presents the opportunity to significantly reduce diluent requirements. However, under current circumstances it may not be enough to ...Read the full story
It wasn’t the Kearl fiasco and its own battle with getting oilsands modules through American court injunctions that prompted Athabasca Oil Corporation to shy away from international procurement. Ultimately it was cost that convinced the company to “go local” after ...Read the full story