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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Steve Williams believes in climate change. For the man in charge of the most operating assets on the ground in the oilsands industry and pockets brimming with options for a long future of bitumen growth, that stance may seem counterintuitive. ...Read the full story
Oilsands companies whose proposed projects were singled out in a recent report as being “cancellation candidates” for being unprofitable refute that assertion, while the source of some of the report’s statistics says it was misquoted on steam assisted gravity (SAGD) ...Read the full story
A group of ex-senior executives and recent retirees in southwest Ontario—including the founding chairman of the transformative Alberta Oil Sands Technology and Research Authority (AOSTRA)—are launching plans to develop a bitumen upgrader in the Sarnia-Lambton region. In late August the ...Read the full story
Cenovus Energy Inc. says it is concentrating on finding new customers in North America and around the world and working to ensure it has the ability to move its oil to these customers. It has also added new expertise to ...Read the full story
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