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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Oilsands growth may slow in short term, but long term outlook remains robust—S&P

Near-term challenges could stall development of some oilsands projects, but production will still continue to grow in the long term, predicts credit rating service Standard & Poor’s. Lower oil prices, long regulatory reviews and perceived barriers to foreign investment could ...

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Prentice, CAPP Supportive Of Revised EU Fuel Quality Directive

Alberta Premier Jim Prentice says the revised Fuel Quality Directive (FQD) implementing measures put forward by the European Commission this week are a positive step forward for the province and oilsands producers as they look to broaden access to overseas ...

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JuneWarren-Nickle’s expands energy intelligence footprint

(CALGARY, AB, LONDON, UK ) – JuneWarren-Nickle’s Energy Group (JWN) – a division of Glacier Media – is joining forces with Evaluate Energy, owners of the popular Canoils database, to expand the range of energy information intelligence and tools it ...

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Statoil: Development of oilsands projects still economic; delay just a "timing issue"

Statoil Canada Ltd.’s chief executive says yesterday’s announcement that it will delay building its proposed 40,000 barrel-per-day Corner steam assisted gravity drainage (SAGD) project for at least three years does not mean oilsands projects are uneconomical. Yesterday the Norwegian firm ...

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No more mediocre: Suncor EVP Mike MacSween waves the flag for improving productivity and costs as a full value chain

It costs a lot to build a megaproject anywhere, but few regions rival northern Alberta. In the oilsands, project costs continue to rise, and that is putting investment at risk. Productivity Alberta and its partners want to snap this trend ...

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