Oil Sands
News
July 18, 2024
About 500,000 bpd of marketable oil sands production could be within 10 km (6.2 miles) of an out-of-control blaze, Rystad Energy said in a report Thursday. That’s equal to roughly 10% of the total oil production in the province. As much as 1.2 MMbpd could be within 20 km.
News
July 17, 2024
In the past 24 hours, 47 new fires emerged in the province, most of them south of the unofficial oil sands capital of Fort McMurray, said Kai Bowering, spokeswoman for Alberta Wildfire. The arid conditions are expected to persist for the next 24 hours, making it easier for the blazes to spread, she said.
News
July 11, 2024
Eight out-of-control blazes have been discovered just south and southwest of the city since Wednesday, Alberta Wildfire data show. Those add to the three burning to the north, where the region’s main oil sands mines are located.
News
July 07, 2024
Suncor said late Thursday that it’s temporarily curtailing some production at Firebag because of a nearby wildfire. The blaze is about 8 km (5 miles) from the site and grew to about 12,000 hectares (29,650 acres) in size since Thursday.
News
July 02, 2024
The Canadian oil sands represent nearly 40% of North America’s sub-$50 WTI breakeven undeveloped oil resource and offer a compelling opportunity for investors and producers to extend duration in E&P asset portfolios.
News
May 14, 2024
The 24,000 acre blaze expanded to the northeast and is now about 8.4 miles from the Fort McMurray landfill. The fire is one of two listed as out of control in Alberta and the closest to the oil sands, where the bulk of Canada’s 4.9 MMbopd is produced.
News
May 12, 2024
Massive fires burned down swathes of Fort McMurray eight years ago, forcing thousands of residents to evacuate and temporarily shutting more than MMbpd of oil production.
News
May 09, 2024
Production will rise to 3.8 MMbpd by 2030, about 3% higher than projected last year, S&P said Thursday. Companies including Exxon Mobil Corp.’s Imperial Oil Ltd. unit and Canadian Natural Resources Ltd. are expanding existing oil-sands well sites, taking advantage of the start of new pipeline capacity to the Pacific Coast.
News
April 22, 2024
The fire is one of two out-of-control blazes in Alberta, home to the Canadian oil sands, the world’s third-largest crude oil reserves.
News
March 12, 2024
Under the MOU, Suncor is progressing early stage technical and commercial feasibility assessments to determine the quality and quantity of economically recoverable mineable ore on Lease 174C, which is FMFN Reserve Land.
News
March 01, 2024
MEG Energy Corp. said Chief Operating Officer Darlene Gates will succeed Derek Evans as the company’s new chief executive officer, making her the only woman to helm a major oil sands producer.
News
January 12, 2024
Total production jumped by 336,822 bpd to 4.16 MMbpd, the highest in data stretching back to 2010, according to the Alberta Energy Regulator’s website. Output over the first 11 months of the year averaged 3.79 MMbpd, versus 3.73 MMbpd for all of 2022, the data show.
