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source for market cap, [4] source for profit. Data rounded to nearest million. . By market cap, Crescent Point Energy is the largest Canadian oil company never to make the global 500 list, according to Forbes ; Encana, Talisman Energy last made the Fortune 500 list in June 2011; Cenovus Energy dropped out December 2013.; CNRL 2013 annual production was estimated to be 671,162 bbl (106,706.2 m ...
In 1980, a plant in Cold Lake was one of just two oil sands plants under construction in Alberta. [4] Although not developed as quickly and extensively as originally envisioned, an Imperial Oil plant in Cold Lake became the largest in situ oil sands project constructed in Alberta during the 1980s. By 1991, its daily oil production was 90,000 ...
British Columbia and Manitoba produced about 1% apiece. [11] The four Western Canada provinces of Alberta, British Columbia, Saskatchewan and Manitoba all produce their oil from the vast and oil rich Western Canadian Sedimentary Basin, which is centered on Alberta but extends into the other three Western provinces and into the Northwest ...
Trican Well Service was founded on April 11, 1979. Until 1997, it primarily operated in the Lloydminster, Alberta area and the Kindersley, Saskatchewan area. [2] In December 1996, the company became a public company and changed its management. [2] In January 2013, the company acquired i-TEC Well Solutions. [3]
Horizon Oil Sands is an oil sands mining and upgrading project in Bitumount, Alberta, Canada. The project includes a surface oil sands mining and bitumen extraction plant, complemented by on-site bitumen upgrading with associated infrastructure. [1] Initial examination of the Horizon project began in 2004. [2]
There are 2 main systems, the Alberta System and the BC System. Alberta System wholly owns and runs 3 systems (all in operation since the 1950s) the largest of which is the Peace System (2009) and owns 50% of another, the Glen System (shared with Keyera Energy) and has a 10% interest in the Wabasca Oil Field System. [14]
In response to Alberta's financial support, in March, TC Energy "approved construction of the US$8-billion project to transport up to 830,000 barrels per day of oil." [51] According to a Canadian Press March 31, 2020 article Premier Kenney estimated that "1,400 direct and 5,400 indirect jobs" would be created in Alberta during construction. [50]
Oil sands deposits in Alberta, Canada. It is difficult to grasp the immensity of Canada's oil sands and heavy oil resource. Fields in northern Alberta include four major deposits which underlie almost 70,000 square kilometres of land. The volume of bitumen in those sands dwarfs the light oil reserves of the entire Middle East.