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The Athabasca oil sands, also known as the Athabasca tar sands, are large deposits of bitumen, a heavy and viscous form of petroleum, located 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. [3]
Bituminous sands are a major source of unconventional oil, although only Canada has a large-scale commercial oil sands industry. In 2006, bitumen production in Canada averaged 1.25 Mbbl/d (200,000 m 3 /d) through 81 oil sands projects. 44% of Canadian oil production in 2007 was from oil sands.
Total equity. CAN $36.614 billion (2021) [2] Number of employees. 16,922 (2021) [3] Website. suncor .com. Suncor Energy ( French: Suncor Énergie) is a Canadian integrated energy company based in Calgary, Alberta. It specializes in production of synthetic crude from oil sands. In the 2020 Forbes Global 2000, Suncor Energy was ranked as the 48th ...
Pathways Alliance or Oil Sands Pathways Alliance is a consortium established on June 15, 2022 [1] of Canada's largest oil sands producers— Canadian Natural Resources, Cenovus Energy, Imperial Oil, MEG Energy, Suncor Energy and ConocoPhillips —with the goal of achieving "net-zero by 2050". Together these companies represent about 95% of ...
By David Ljunggren and Nia Williams. (Reuters) -A large wildfire is slowly approaching the major Canadian oil sands city of Fort McMurray and around 6,000 people in four suburbs have been told to ...
In 1962 (the same year the Great Canadian Oil Sands proposal went up for approval) Cities Service Athabasca Inc. proposed a 16,000 cubic metre per day plant at the site of its Mildred Lake pilot project. Including a pipeline to Edmonton, the plant was to cost $56 million, with construction beginning in 1965 and completion in 1968.
Canadian oil production: conventional crude oil in red, and total petroleum liquids, including from oil sands, in black Total oil production in Canada in TWh. Petroleum production in Canada is a major industry which is important to the overall economy of North America.
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. 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.