News Updates
March 11, 2010
The company formed to develop northwest Saskatchewan's oilsands deposits may be a step closer to figuring out how to produce bitumen at Axe Lake on the Alberta-Saskatchewan border.
March 10, 2010
In situ oilsands developer Osum Oil Sands Corp. was assigned proved plus probable reserves of 320 million bbls in its engineering evaluation by GLJ Petroleum Consultants Ltd.
March 10, 2010
Suncor Energy Inc. says its oilsands production during February averaged approximately 211,000 bbls per day.
March 10, 2010
Flint Energy Services Ltd. was awarded a second contract by Suncor Energy Inc. to perform field construction, pre-commissioning and commissioning support at Suncor's Firebag 3, SAGD project near Fort McMurray, Alberta.
March 9, 2010
Due to rising tensions around the world, the United States is better off relying on Canada's oilsands crude, despite environmentalists' concerns, according to a recent report by Deutsche Bank.
March 5, 2010
Grizzly Oil Sands ULC has applied for permission to develop a 11,300-bbl-per-day steam-assisted gravity drainage oilsands project at Algar Lake, Alberta, expected to operate at an average capacity of 10,000 bbls per day over a design life of 30 years.
March 4, 2010
Canadian Natural Resources Limited reported higher overall output in the fourth quarter as increased crude oil output offset a drop in natural gas drilling (see tables).
March 4, 2010
It might not have the cachet of the Bakken and Pembina Cardium light oil plays but for a number of companies conventional heavy oil, mainly in the Lloydminster area of Alberta and Saskatchewan, may be one of the most economic plays out there.
March 2, 2010
Athabasca Oil Sands Corp. has taken a step towards becoming a public company by filing a preliminary prospectus in connection with a proposed initial public offering of its common shares and says its first project could be onstream in four years.
February 25, 2010
After declining in 2008, Canada's mined oilsands production resumed growth in 2009 to 806,461 bbls of bitumen per day from 710,600 bbls per day the previous year, thanks to the onset of volumes from the Canadian Natural Resources Limited's new Horizon mine and higher rates from all mines except Syncrude Canada Ltd.
February 25, 2010
Total E&P Canada Ltd. was exceeding the approved steam injection pressure at its Joslyn Creek thermal bitumen project in 2006 when the reservoir cap rock was breached, blasting a huge crater into the ground and hurling rocks hundreds of metres into the air.
February 25, 2010
Connacher Oil and Gas Limited says it has continued its success in achieving or exceeding milestones for its key projects during the winter months of late 2009 and early 2010.
February 25, 2010
The government of Quebec is encouraging that province's businesses to attend an upcoming forum so they can take advantage of opportunities offered by Canada's oilsands.
February 24, 2010
Based on preliminary scoping and design work being done by Syncrude Canada Ltd. and Exxon Mobil Corporation, Syncrude now believes its existing Mildred Lake upgrading facility has latent capacity that can be unlocked through a series of debottleneck projects, Canadian Oil Sands Trust reported today.
February 22, 2010
Suncor Energy Inc. has completed its assessment and expected schedule to repair portions of an oilsands upgrader (U1) damaged by fire in early February. Repairs are currently underway and the company now expects the upgrader to return to production in early April.
February 18, 2010
Black Diamond Group Limited has entered into a definitive agreement to acquire camp rental assets from an Alberta based modular fabrication and rental company.
February 17, 2010
Oklahoma City-based Devon Energy Corporation grew North American onshore production by more than six per cent in 2009 and replaced more than twice its production with the drill bit as it began repositioning the company to focus entirely on North American onshore oil and gas.
February 17, 2010
Ivanhoe Energy Canada Inc. says it has completed over 50% of its 30-well delineation drilling program at the Tamarack project in the Athabasca region of northern Alberta, and expects to complete drilling by mid-March.
February 17, 2010
Suncor Energy Inc. reported Thursday that the company's oilsands production during January averaged approximately 156,000 bbls per day.
February 16, 2010
The recent resurgence of investment in Alberta's oilsands will continue and companies that get an early jump on their peers are likely to benefit, says a new report from Macquarie Capital Markets Canada.
February 16, 2010
Convinced that innovation and the application of technology are the keys to the profitable and sustainable development of the oilsands resources, Petroleum Technology Alliance Canada has formed a consortium of 26 oilsands stakeholders from industry and government, including experts from oilsands technical and environmental disciplines.
February 16, 2010
Connacher Oil and Gas Limited's proved plus probable bitumen reserves rose three per cent last year to 379.18 million bbls while its conventional Canadian reserves fell one per cent to 9.73 million bbls of oil equivalent.
February 12, 2010
The proposed terms of reference for the environmental impact assessment for Cenovus Energy Inc.'s Narrows Lake enhanced oil project, where the company plans to use a solvent-aided process (SAP), have been filed.
February 12, 2010
Cenovus Energy Inc. says output at its oilsands projects grew in 2009 thanks to start-up of new phases, increasing 48% in the fourth quarter versus the same quarter last year, and it is moving up its construction of Christina Lake's phase D by six months.
February 11, 2010
Athabasca Oil Sands Corp. reports that, having received all necessary approvals from the governments of Canada and the People's Republic of China, it has closed the transaction with PetroChina International Investment Company Limited, a wholly-owned subsidiary of PetroChinaCompany Limited (PetroChina), divesting a 60% working interest in AOSC's MacKay River and Dover oilsands projects for a consideration of $1.9 billion.
