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  • 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 Bakken, Eagle Ford, Marcellus, Fayetteville, Woodford, Niobrara, Haynesville, Horn River, and Utica formations. Tight gas, coalbed methane, oil sands, and heavy oil are non-shale unconventional resources.

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    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

    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. 

    Study: US must encourage development of Canadian oil sands, mitigation of CO2 emissions

    Jun 11, 2012

    To successfully reduce the United States' dependence on fuels from outside North America, the government must pursue policies that foster the diversion of Canadian oil sands crude to US Gulf Coast refineries, according to a new study by Rice University’s Baker Institute for Public Policy.

    Surmont Energy completes $8.5M Alberta oilsands exploration program

    Mar 23, 2012

    Calgary-based private company Surmont Energy Ltd. has completed its winter 2011/2012 oilsands exploration program at the company’s oilsands leases located about 70 kilometres southwest of Ft. McMurray, Alberta.

    Surmont receives initial results of oilsands drilling program

    Feb 29, 2012

    Calgary-based private company Surmont Energy Ltd. has begun to receive initial corehole results from its 2011/2012 Alberta oilsands drilling program.

    Surmont Energy completes Alberta oilsands 3-D seismic program

    Jan 17, 2012

    Calgary-based private company Surmont Energy Ltd., in conjunction with its operating partner Bounty Developments Ltd., has completed field acquisition of a $3 million 13 square kilometer 3-D seismic program southwest of Ft. McMurray, Alberta.

    PetroChina gains full ownership of Canadian oil sands project

    Jan 5, 2012

    On January 3, Canadian crude producer Athabasca Oil Sands Corp. announced it sold its remaining 40% interest in the MacKay River oil sands project to Cretaceous Oilsands Holdings Ltd., a wholly owned subsidiary of PetroChina International Investment Ltd.

    Weekly Update: Asia intensifies North American asset grab

    Dec 2, 2011

    Government backed Asian companies made further moves for global oil and gas resources this week, with the target areas ranging from Canada and the United States to Australia.

    Kinder Morgan to invest $210M to add new storage capacity at Edmonton Terminal

    Nov 30, 2011

    Pipeline and energy storage company Kinder Morgan Energy Partners LP said Wednesday that it will invest roughly $210 million to construct seven tanks with a storage capacity of 2.4 million barrels for crude oil and condensate at its Edmonton Terminal in Strathcona County, Alberta.

    CNOOC completes OPTI acquisition

    Nov 28, 2011

    CNOOC Luxembourg S.a r.l, an indirect wholly-owned subsidiary of CNOOC Ltd., has completed its acquisition of OPTI Canada Inc. The total value of the consideration is approximately US$2.1 billion.

    Total and Suncor form strategic alliance in Canada's oil sands

    Dec 17, 2010

    Korea buys shares from Osum Oil Sands

    Nov 29, 2010

    Osum Oil Sands Corp., a privately held Alberta based company, has entered into an agreement to issue to a wholly-owned subsidiary of Korea Investment Corp. 7,692,308 common shares at $13.00 per share for gross proceeds of $100 million.

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