Unconventional Oil & Gas

Shale plays first come to mind when one considers unconventional resources. These unconventional resource plays may yield natural gas, gas condensates, and crude oil. Some of the more noteworthy shale plays in North America include the Barnett, Haynesville, Marcellus, Eagle Ford, Fayetteville, Woodford, Bakken, Niobrara, Horn River, and Utica formations. Tight gas, coalbed methane, oil sands, and heavy oil are non-shale unconventional resources.

SECTIONS

Eagle Ford | Marcellus | Cline | Permian | Utica | Bakken | Woodbine & Eaglebine

Oil Sands

Surprising to many, Canada is the No. 1 oil exporter to the United States. Increasingly, these supplies come from Canada’s oil sands in northern Alberta. That province’s estimated oil sands deposits are in excess of 1.7 trillion barrels of crude bitumen. More than $91 billion has been invested in the oil sands in recent years and over $170 billion in oil sands-related projects. Venezuela and California are also heavy oil producers.

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Canadian Oil Sands
Canadian Oil Sands

Oil Sands News

Wood Mackenzie: Canadian crude prices to remain volatile as production from sanctioned oil sands projects ramps up

Mar 27, 2013

Canadian crude prices are expected to remain volatile for the rest of this decade according to a recent report by Wood Mackenzie. Even considering new infrastructure build, export capacity will remain tight as production from both Canada's oil sands and North Dakota's Bakken continues to increase.

Canadian gas sector to benefit from restrictions on foreign investments in oil sands

Jan 18, 2013

As a result of newly-announced investment restrictions concerning the level of control that state-owned enterprises (SOE) can have in Canadian oil sands companies, foreign investment by SOEs with controlling powers will likely be redirected to Canada’s gas sector.

CEC North Star moves forward with its heavy oil projects in Canada

Dec 28, 2012

Calgary-based CEC North Star Energy Ltd., a private heavy oil company with substantial oil sands lease holdings in the Peace River block of northern Alberta, has updated the findings of its geological analysis and is continuing to de-risk the project.

Oil States to acquire Tempress Technologies

Dec 17, 2012

Houston-based Oil States International Inc. (NYSE: OIS) said Dec. 17 that its subsidiary, Oil States Energy Services Inc., has acquired Tempress Technologies Inc.

Nexen, CNOOC deal receives Canadian approval

Dec 7, 2012

Canadian-based energy company Nexen Inc. said Friday that under the terms of the Investment Canada Act, the Honourable Christian Paradis, Minister of Industry, has approved the proposed acquisition of Nexen by CNOOC Limited (CNOOC). No further approvals are required in Canada.

Oil sands producer Suncor Energy selects AVEVA for data management

Nov 15, 2012

Canadian oil sands producer Suncor Energy has implemented AVEVA NET to support its data integrity management program for a new bitumen processing project in Alberta.

Canada oil sands continue to gain global attention

Nov 14, 2012

Canada holds the largest crude oil deposits outside the Middle East, most of which are in the form of oil sands, and are expected to play a major role in supplying the world’s future energy requirements, states a new report by energy experts GlobalData.

Sunshine Oilsands closes CDN$200M syndicated credit facility

Oct 12, 2012

Calgary based Sunshine Oilsands Ltd. has closed a CDN$200 million syndicated secured credit facility that will be used to complete the final construction of the ongoing West Ells project, to fund the front end portion of the Thickwood project and to advance program and regulatory development to expand capacity for the West Ells, Thickwood and Legend Lake projects.

Surmont Energy submits applications for Alberta Wildwood oil sands project

Oct 4, 2012

With applications for regulatory approval submitted, Calgary-based private company Surmont Energy Ltd. has reached another milestone in its Alberta oil sands production plan.

M&A pace increases as China strikes its biggest deal to date

Sep 1, 2012

As previously reported by PLS Inc., Chinese and Asian NOCs have been active buyers in the acquisition markets accounting for approximately 15% - 20% of the global value for E&P deals since 2009.

Shell awards Alberta oil sands supply contract to Iracore International

Aug 23, 2012

Hibbing, Minn.-based Iracore International Inc. has been awarded a long-term contract by Shell Canada Energy for the supply of Iracore lined pipe and fittings for use in the Alberta oil sands.

CNOOC, Nexen agree to merge

Jul 23, 2012

CNOOC Ltd. and Nexen Inc. have entered into a definitive agreement under which CNOOC Limited will acquire all of the outstanding common shares of Nexen for US$27.50 per share in cash.

Some oil sands producers improving their environmental performance

Jul 1, 2012

While overall greenhouse gas (GHG) emissions from oil sands operations are still rising, some producers are improving their environmental performance, according to the latest available government data analyzed by CanOils.

Technology unlocks more Bakken oil

Jul 1, 2012

Production from the Bakken formation in the Williston Basin has been improving steadily with technological advances.

US oil plays threaten Canadian oil sands margins

Jun 11, 2012

The Canadian oil sands industry may once again be forced to table projects as it did in 2008 and 2009 when the global recession added to difficulties already faced by the industry. In addition to high operational costs, declining oil prices, and a skilled personnel shortage, oil sands projects now face competition from growing tight oil production from US oil plays – particularly North Dakota’s Bakken, noted Wood Mackenzie in a recent report. 

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