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The Athabasca oil sands, also known as the Athabasca tar sands, are large deposits of oil sands rich in bitumen, a heavy and viscous form of petroleum, in northeastern Alberta, Canada. These reserves are one of the largest sources of unconventional oil in the world, making Canada a significant player in the global energy market.
The name tar sands was applied to bituminous sands in the late ... Major Canadian oil companies had announced expansion plans and foreign companies were investing ...
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 ...
As of 2013, however, producing and processing tar sands oil results in roughly 14 per cent more greenhouse gas emissions than the average oil used in the U.S. [257] The State Department's 2012 Final Supplemental Environmental Impact Statement (Final SEIS) estimated that producing and transporting oil to the pipeline's capacity would increase ...
In recent years, Canadian oil sands producers' performance has significantly lagged that of its peers targeting U.S. tight oil formations, such as Texas' Eagle Ford and North Dakota's Bakken. Part ...
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]
Photos of the Athabaska tar sands were also featured in Canadian writer and adventurer, Agnes Deans Cameron's, best-selling book [5]: 71 entitled The New North: Being Some Account of a Woman’s Journey through Canada to the Arctic which recounted her 10,000 mile-round trip to the
Originally developed by Great Canadian Oil Sands, a majority-owned subsidiary of Sun Oil, it is now wholly owned by the independent Suncor. It was the first commercial development on the Athabasca oil sands , although small, earlier projects like that at Bitumount also played a role in development.