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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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
According to forecast data in the CanOils Oilsands service, the Canadian oilsands industry looks set to have capacity to produce over 3 million barrels per day (bbl/d) by the end of 2015, with actual production likely to approach around 2.5 ...Read the full story
The world’s oil and gas super majors — BP, Chevron, ConocoPhillips, ExxonMobil, Royal Dutch Shell and Total — have all seen their earnings in the upstream segment fall in Q3 2014 since Q2, according to a new Evaluate Energy analysis ...Read the full story
Peters & Co. Limited expects oilsands capital spending to drop by about 10 per cent in 2015 from 2014 levels, compared to a drop of about four per cent in non-oilsands oil and gas spending. “That’s really just a function ...Read the full story