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Oil sands projects have long been characterized by high capital requirements and production costs. Even though production costs have drastically decreased over the past two years, most expansion ...

Canadian oil sands benefit from geology, technology, and cost-cutting measures Canadian oil sands have lower break-even prices than U.S. shale producers Technological advances improve efficiency and ...

The projection anticipates production will rise to over 3.9 million b/d by 2030, which is half a million b/d higher than 2024. Notably, the 2030 forecast has been revised upwards by 100,000 b/d, or ...

International Petroleum Corp.’s Blackrod project has begun commercial production, becoming Alberta’s first new oil sands project since 2014. Canadian producers have significantly lowered emissions and ...

Venezuelan engineers, scientists, geologists helped develop Canada's oil sands industry Venezuelan oil industry decline coincided with Canada's oil sands growth Reverse migration to Venezuela unlikely ...

The oil sands debate is heating up again. At the center is a fight over whether to permit the Keystone XL pipeline, which would carry diluted bitumen from Alberta to refineries on the Gulf Coast. I’ll ...

The amount of air pollution coming from Canada’s oil sands extraction is between 20 to 64 times higher than industry-reported figures, according to a groundbreaking study. Researchers found that the ...

Once considered among the world's highest-cost oil resources, Canada's oil sands have become one of North America's most competitive oil plays. A number of projects are now breaking even at below $40 ...

CALGARY (Reuters) -Giant shovels, driverless trucks and a dog-like robot have all helped Canada's oil sands companies including Imperial Oil and Suncor become some of North America's lowest-cost oil ...