Canada May Boost Oil-Sands Production Fivefold, Official Claims
Canada’s deputy minister for natural resources claims his country can boost output of oil from tar sands fivefold to 5 million barrels a day, without specifying a timeframe.
Tar Sands
Options exhausted, oil firms turn to tar
North America’s crude oil resources have been so thoroughly explored and developed that experts believe that there is hardly any left to find, except perhaps in the deep waters of the Gulf of Mexico.
No easy fix for our Saudi oil habit
If production in the desert kingdom has in fact peaked, as some experts say, the alternatives aren’t easy, if they exist at all.
US: Foreign Oil Dependency: Stuck Between a Rock and Hard Place
The United States’ growing dependence on foreign oil is widely recognized as the nation’s Achilles heel, a disaster in the works. But sometimes it seems that every solution to that horrendous problem leads into a box canyon.
OIL: The World Over A Barrel
A three part Canadian documentary series deals in part with the oil peak. “Soon enough, the era of cheap oil will be over. If prices rise too steeply there could be a devastating effect on the world’s economy.”
Canada: Pinning hopes on the tar sand
Oil sands plants make or lose money on labour costs and the cost of the energy they need to drive the plants — both of which are only marginally important to conventional oil.
Canada to Boost Daily Oil Output 38% by 2015, Producers Say
Canada will boost oil production 38 percent to 3.6 million barrels a day by 2015 amid higher oil- sands output, according to the nation’s oil producers.
Suncor, Shell both announce unexpected oilsands production decreases
Two of Canada’s major oilsands producers are facing lower production targets this year due to unplanned maintenance at their huge open-pit mining operations in northern Alberta.
Pacific Energy to move oilsands crude to U.S in newly acquired pipelines
California-based Pacific Energy Partners L.P. plans to transform its two newly purchased regional pipeline systems in Alberta into a mainline to ship growing quantities of oilsands crude to refineries throughout the western United States.
Asian outlets beckon oil sands producers
The robust economies of Japan, Korea and China could open new doors for Canada’s heavy and synthetic crude, according to the Alberta Energy Research Institute.
Syncrude to tame natural gas costs in production
After reining in construction costs, Syncrude Canada vowed Monday to take control of another runaway expense — natural gas.
Canada: Investigating phantom barrels in the oil sands
Western Oil Sands Inc. chopped 15 million barrels from the estimated reserves for its part of the Athabasca Oil Sands Project, while its partner Shell Canada Ltd. made no change at all. It all comes down to reporting, and those exempt from NI 51-101 have the advantage