RECENT NEWS
Reuters  9 hrs ago  Comment 
Nexen Energy, the Canadian subsidiary of Chinese state-owned CNOOC Ltd, is shutting down its Long Lake oil sands operations in northern Alberta in response to an emergency regulatory order, a company spokeswoman said on Tuesday.
OilVoice  Sep 1  Comment 
Total announces the startup of production from the Surmont 2 oil sands project located 63 kilometers southeast of Fort McMurray in the Athabasca region of Alberta Canada. As a result of the techno
CANOE.ca  Aug 31  Comment 
Canadian Oil Sands Ltd., the biggest shareholder in the Syncrude oil sands project, said it has halted crude oil production after a fire damaged equipment at its processing facility in northern Alberta on Saturday.
TheStreet.com  Aug 31  Comment 
NEW YORK (TheStreet) -- Shares of Exxon Mobil were falling by 2.1% to $73.51 on Monday morning, after Canadian Oil Sands announced it is halting production in the Syncrude oil sands project. Exxon Mobile owns a stake in the joint venture...
Reuters  Aug 27  Comment 
The White House said on Thursday that the U.S. State Department continues to review TransCanada Corp's proposed Keystone XL pipeline from Canada's oil sands to Gulf Coast refineries.
CANOE.ca  Aug 21  Comment 
More than three-quarters of Canada's daily output of 2.2 million barrels of crude from oil sands is being produced at a loss at current prices, research from analysts at TD Securities shows, although producers are unlikely to halt operations.
Financial Times  Aug 12  Comment 
Rising production, pipeline constraints and outage at a US refinery explain 50% fall to $23 a barrel
Reuters  Aug 9  Comment 
Alberta's energy regulator is investigating the deaths of 30 blue herons at a Syncrude Canada oil sands site in the northern part of the Canadian province, the agency and company said on Saturday.




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Tar sands, or oil sands, are exactly what they sound like - sand saturated with oil.

Canadian tar sands production is estimated to increase from 1.32 mb/d to 3.23 mb/d. Tar sands have a tremendous global warming footprint, however, and environmentalists are pushing legislation through Congress to limit the amount of oil sands products that government agencies can purchase.[1]


References

  1. ↑ SeekingAlpha: "Oil Sands: Will the 'Greens' Cause Us to Miss Out?"
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