Industry News

Teck’s $20BN oil sands project gets thumbs up from review panel
A $20 billion northern Alberta oil sands project proposed by Vancouver’s Teck Resources Ltd. has been deemed to be in the public interest by a joint review panel. The panel found Teck’s massive 260,000 barrel-per-day oil
New tar sands technology could be a game-changer for Alberta
Calgary - Ian Gates, an engineer at the University of Calgary thinks an invention he stumbled upon in the laboratory could transform the way Alberta gets its heavy oil to market.
Cold Lake oil sands project expands
Osum, a private Calgary oil sands producer, is selling a percentage of its future production to raise the funds to expand its Cold Lake Orion Thermal Project. The company is currently working on a 3,000-barrel-per-day
Cheap Option to the Oil Sands Emerges as Hot Play in Canada
There’s a land grab quietly taking place in a little-known corner of the Canadian oil sands. Just 200 kilometers (125 miles) southwest of the Fort McMurray oil-sands hub in northern Alberta, investors are rushing.....
Can Oil Sands Pay Off at Just $50 a Barrel?
The future is arriving—a few tons at a time—at Suncor Energy Inc.’s North Steepbank oil sands mine in Alberta, Canada. Human-operated excavators scrape away the top layers of soil to get to the hydrocarbon-rich tar sand
Rising oil sands production presents opportunities for Gulf Coast refiners
Gulf Coast refineries may soon see a boost in crude volumes as Canadian oil sands production finally ramps up, according to the Chicago investment research firm Morningstar. Production of heavy oil from western Canada's
Remaining Canadian oilsands operators in ‘best position’ to replicate Permian-style tech transformation
Even the most bullish U.S. shale production forecast—roughly five million bbls/d growth over the next five years—still leaves about 10 million bbls/d of additional production required by 2022 to meet expected demand...
How the oilsands changed Alberta and Canada forever
David O'Laney unlocks the gate to the historic site he is charged with protecting and swings it wide, allowing entrance to what is arguably the birthplace of modern Alberta and all that has meant to the rest of Canada
Canadian oil sands producers could fetch up to $15 more per barrel with this technology
Canadian oil sand producers would benefit from higher capacity of so-called “partial upgrading” technology, a method that would help them fetch higher prices while injecting hundreds of millions of dollars into.....
Extraction costs in oilsands improving
One of the biggest knocks against the oilsands is the high cost of extraction. Prices well above $50 U.S. per barrel are needed to make some of those energy plays viable. The CIO and founder of Auspice Capital, Tim....
Shell Canada reopens first oilsands mine shut down by Fort McMurray fires
The first oilsands mine shut down by wildfires in the Fort McMurray region a week ago has been restarted. Shell Canada said Tuesday that it had resumed production at its Albian Sands mining operations about 95 kilometres
How Suncor Has Become The King Of Canadian Oil Sands
Canada’s oil sands are the third largest oil deposit in the world behind Saudi Arabia and Venezuela. The largest oil sands producer in Canada, Suncor Energy (SU), has managed to dominate market share in oil sands mining
GE’s Ecomagination winners could help Oil Sands projects reduce footprint, cut costs
The winners of the final phase of General Electric’s Ecomagination Innovation Challenge are focused on reducing the heat and water used in new Oil Sands projects.
Heavy oil still flows, despite Obama's Keystone XL rejection: Wood Mackenzie
Ironically, the rejection of Keystone XL could lead to higher CO2 emissions via more crude-by-rail, according to energy consultant Wood Mackenzie. On Nov 6, the U.S. State Department recommended that TransCanada's....
Oil Sands Breakthrough
Defying the market with clean oil sands extraction at its plant at Utah's Asphalt Ridge, MCW Energy Group (traded in the U.S. under MCWEF and in Canada under MCW.V) has closed another key resource acquisition, .....
What it feels like to change a giant oil-sands truck tire
Find out what it takes to change a seven-metre-high tire on a heavy hauler stationed at an oil-sands facility near Fort McMurray in Alberta. This isn’t your basic tire-iron change.
At Oil Sands Trade Show, industry bets on technology to survive downturn
A common theme could be heard from salespeople on the floors of the Oil Sands Trade Show this week: our technology does more faster and with less people. The sales pitches were carefully honed. “Drones can inspect......
MCW Energy Group Announces Closing of Acquisition of Second Property in Utah
MCW Energy Group Limited, a Canadian holding company involved in the creation of oil sands extraction technology, announces the closing of its acquisition of all of the membership interest of TMC Capital, LLC ("TMC")...
The Search for the Lowest-cost Barrel and the Future of the Alberta Oil Sands
With its giant concave TV screens, soft lighting and automatic sliding-glass doors, General Electric’s Customer Innovation Centre feels more like a Google satellite office than a place where people come to discuss heavy
Canadian oil sands producer ready to begin digging pits in the US
Canada’s U.S. Oil Sands (TSX-V:USO) is fine tuning details to open its mine in eastern Utah, one of the first commercial oil sands operations in the United States. Beginning this fall, the company will start digging....