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Oil sands projects bogging down

The recent drop in oil prices, in combination with the failing economy, is taking a toll in the development of Canadian oil sands. Because of low labor productivity and increasing costs, the Canadian-based industry is finding it increasingly difficult to compete in the global marketplace. Poor environmental practices and an "uncertain regulatory picture" are, according to a recent report by consultants McKinsey & Co., also contributing factors to a slew of development slowdowns and "postponements." One high profile example is Royal Dutch ... Read more →

Oil sands producers could shift to geothermal power Sam Abuelsamid

Thanks to the increased cost of crude oil in recent years, there have been moves to make big expansions in oil production in northern Alberta, Canada. Alberta has some of the largest known petroleum ...

Lack of workers limit Canada's oil sands projects Joel Arellano

Canada, which is the U.S.' number one supplier of oil, is now looking into new sources of fuel to export. One source is oil sands. In the past, obtaining enough usable oil from the mixture had been ...

Oil sands projects bogging down 1 year ago on Autoblog Green

The recent drop in oil prices, in combination with the failing economy, is taking a toll in the development of Canadian oil sands. Because of low labor productivity and increasing costs, the Canadian-based industry is finding it increasingly difficult to compete in the global marketplace. Poor ...

Oil sands producers could shift to geothermal power 2 years ago on Autoblog Green

Thanks to the increased cost of crude oil in recent years, there have been moves to make big expansions in oil production in northern Alberta, Canada. Alberta has some of the largest known petroleum reserves in the world, but unfortunately much of it is locked up in tar sands that need processing ...

Lack of workers limit Canada's oil sands projects 3 years ago on Autoblog Green

Canada, which is the U.S.' number one supplier of oil, is now looking into new sources of fuel to export. One source is oil sands. In the past, obtaining enough usable oil from the mixture had been expensive but the $70 cost per barrel of crude oil has now made processing oil sands commercially ...


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