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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An internationally respected University of Alberta (U of A) forest monitoring expert is devleoping high-tech tools to minimize the impact of oilsands development on the boreal forest. The goal is to generate a comprehensive baseline for detailed assessment of any ...Read the full story
A new cost-benefit analysis by the Canadian Energy Research Institute (CERI) that looked at building and operating a greenfield bitumen refinery in Alberta suggests there is a low likelihood of such a project breaking ground any time soon. “It would ...Read the full story
Heart Lake First Nation members traditionally lived off the land in the area that is now the Cold Lake Air Weapons Range. They were physically removed from there in 1953 by the federal government, closing the door on the traditional ...Read the full story
Crude oil transported by rail in North America could peak at about 1.5 million bbls per day between 2015 and 2016 in advance of several large pipeline projects but is expected to remain a key component of North American oil ...Read the full story
“It was a war for talent” at the beginning of the decade, as companies working in Canada’s oilsands were preparing for an expected job scope increase of 30 per cent by 2015, and when ConocoPhillips looked within its own ranks, ...Read the full story