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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Federal Minister of Natural Resources Joe Oliver preached the benefits of the proposed Keystone XL pipeline to an audience in Houston, Texas, on Tuesday, noting the project could be a “potential contributor to our shared objective of energy self-sufficiency.” In ...Read the full story
The same day in October 2013 that Suncor Energy Inc. gave the green light to its massive Fort Hills oilsands mine north of Fort McMurray, Royal Dutch Shell plc made its own momentous announcement—the long-awaited sanction of its 80,000-barrel-per-day Carmon ...Read the full story
The oilsands industry is testing a “game-changing” direct-contact method of steam generation that is more environmentally friendly than the existing once-through steam generators used in steam-assisted gravity drainage, says a Suncor Energy Inc. advisor. Produced water is brought in contact ...Read the full story
With its recently announced $6-billion jump into the Eagle Ford, one-time natural gas major Devon Energy Corporation is now unquestionably saturated with oil. And while most of it is light and tight, the company’s future in Canada is just the ...Read the full story
Cody Battershill found himself driving behind a car with the vanity plate “BITUMEN” one day and thought that was a great idea. He quickly registered “SAGD” for himself and proudly drives around Calgary touting the oilsands. So Battershill is an ...Read the full story