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Magazine Features
A touch of green in the shadows of “dirty oil”
Fort McMurray opening new eco-industrial park
Amidst the noise of “dirty oil” optics associated with the oilsands industry, there’s a green revolution slowly catching fire right at its heart—even Fort McMurray can be green and environmentally friendly.
Despite the fact that the City of Cold Lake is located in one of the few remaining economic bright spots of Alberta, with expanding heavy oil projects and Canada’s largest air force base giving it a stable economy, the municipality is in deep financial trouble and likely has no alternative but to dissolve itself.
You know you’re in California when a great parking space can move you to tears, when a low-speed police pursuit can interrupt any TV broadcast, when the fastest part of your commute is down your driveway…
Canada’s oilsands miners found themselves in the middle of the economic tsunami engulfing the world in the first quarter of 2009, with dramatically lower crude prices wiping out cash flows and profits across the board.
In situ oilsands producers continue expanding production and planning for the future despite the downturn in oil prices from peak levels last year.
Oilsands Statistics
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CAPP launches new communications approach after survey shows most Canadians don't have much faith in what oilsands ...
ConocoPhillips shows off Phase I of its new SAGD facility and discusses its ambitious plans for Phase II.
News Updates
June 30, 2009
The Energy Resources Conservation Board has approved an application from Murphy Oil Company for a primary recovery scheme which provides for up to 150 sweet heavy oil horizontal wells to be drilled over the next four years near Seal Lake in the Peace River oilsands.
June 30, 2009
An updated independent evaluation of bitumen resources on Excelsior Energy Limited's Hangingstone property near Fort McMurray, Alberta has resulted in a 14% increase in estimated discovered oil-in-place.
June 29, 2009
Imperial Oil Limited is consulting stakeholders about amending plans for the proposed Nabiye cyclic steam stimulation (CSS) project which would add 30,000 bbls of bitumen per day to its existing operation near Cold Lake, Alberta.
June 23, 2009
Gasoline derived from bitumen produced by steam assisted gravity drainage (SAGD) is more carbon intensive than mined bitumen if the whole life cycle is included -- but not by much.
Editor’s Blog
Oilpatch Marketplace
Oilsands Prices
Close Last Trade Day (Canadian Dollars)
Flint Hills/Cold Lake $74.21 BBL
Flint Hills/Sweet Synthetic $81.36 BBL
Flint Hills/Western Canadian Select $74.69 BBL
Canadian Par Average (40 API) $77.19 BBL
AECO/NGX Spot Price $3.095 GJ
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