oil sands

After spending several years carefully reviewing the application from TransCanada for the permit necessary to run its Keystone XL pipeline from the tar sands of Alberta, Canada to the refineries and ports along the Gulf of Mexico, the U.S. Department of State has finally announced a decision. It ...

Oil sand samples obtained from the Yousha Mountain in the Qaidam basin located in the northwestern region of China have been sampled, tested and deemed "feasible" for further development and exploration. As the China Petroleum Daily reports, samples contain a high percentage of clean oil that ...

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 ...

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 ...

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 ...