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Syncrude Canada Ltd. is one of the world's largest producers of synthetic crude oil from oil sands and the largest single source producer in Canada.It is located just outside Fort McMurray in the Athabasca Oil Sands, and has a nameplate capacity of 350,000 barrels per day (56,000 m 3 /d) of oil, equivalent to about 13% of Canada's consumption. [1]
With crude oil bouncing back, it's time to think about buying into energy stocks again. Crude has, in fact, been one of the biggest beneficiaries of the recovery in the markets. Since the end of ...
As of 2009, Syncrude and Irving Oil were leaders in the Canadian industry, with Syncrude being the top producer of oil sands crude and Irving Oil operating the largest oil refinery in the country. [5] Canadian oil company profits quickly recovered following the 2008 financial crisis; In 2009 they were down 90% but in 2010 they reached $8.4 billion.
A Stanford University study commissioned by the EU in 2011 found that oil sands crude was as much as 22% more carbon-intensive than other fuels. [165] [166] According to the "Carnegie Endowment for International Peace" analysis, oil sands emit 31% more GHG that the average North American crude oil. [167]
Western Canadian Select (WCS) is a heavy sour blend of crude oil [1] that is one of North America's largest heavy crude oil streams [2] and, historically, its cheapest. [3] It was established in December 2004 as a new heavy oil stream by EnCana (now Cenovus), Canadian Natural Resources, Petro-Canada (now Suncor) and Talisman Energy (now Repsol Oil & Gas Canada). [4]
Cenovus was formed in 2009 when Encana Corporation split into two distinct companies, [4] with Cenovus becoming focused on oil sands assets.. In 2017, Cenovus purchased ConocoPhillips' 50 percent share of their Foster Creek Christina Lake (FCCL) oil sands projects and most of their conventional assets in Alberta and British Columbia, including the Deep Basin.
Oil is among Canada's top exports to the US, which imported $97.1 billion worth of crude from the country in 2023. Canadian heavy crude from the country's oil sands is a top source of oil for Gulf ...
Canadian oil sands may refer to: Athabasca oil sands. Peace River or Cold Lake where other bitumen deposits are located; ... Oil sands; Bitumen; Heavy crude oil