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.
Register to receive Canadian Oilsands Navigator notifications for new project data, lease ownership updates, new capital budgets, extensions to the site and more!
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 ...Read the full story
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 ...Read the full story
(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 ...Read the full story
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 ...Read the full story
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 ...Read the full story