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Mining Canada's Oil Sands: Suddenly, Not a Sure Thing
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Canadian tar sands oil production from Alberta faces increasing competition from production by Bakken oil fields in N. Dakota. The increasing production from Bakken fields in the U.S. and the lack of pipeline space to bring oil from Alberta to the U.S. is putting the more costly projects on hold. The costlier projects have costs of about $100 a barrel with crude prices dropping below $90 in the U.S. Projects using steam to get bitumen to the surface are viable at $50 a barrel, other projects that require mining the bitumen to make synthetic crude have costs upwards of $100 a barrel. Costs are rising quickly with the cost of geoscientists going up 14.5% in 2012 and salaries over 200,000. Production workers make $35-$39 an hour and can make about $170,000 a year. The boom has pushed costs higher each year. Suncor Energy, the largst producer, is reviewing the viability of large planned multibillion upgrading and mining projects and cutting capital spending in 2012 by 11%. By 2020 oil sands output is forecast to double from the 2011 figure of 1.6 million barrels a day, according to the Canadian Association of Petroleum Producers. In 2012 about 50% of production is from the costlier mining operations.
Canada's oil sands projects face higher costs and stringent emissions caps.
07/11/2007
Alberta oil sands projects face rapidly increasing costs sometimes 2-3 times original projections and labor shortages, and technologies to meet emissions rules can be costly.
Grouped Articles
Canadian Regulator Waives Oil-Sands Enforcement Penalties
Wall Street Journal 06/13/2013
A sticky ending for the tar sands
Economist 01/15/2009
Leftist Party’s Win in Alberta May Affect Future of Oil Sands
New York Times 05/06/2015
Falling Crude Prices Upend Canada’s Oil Sands Projects
Wall Street Journal 07/23/2015
Oil Companies Stake Future on Canada
Wall Street Journal 07/11/2007
Marathon Oil to Pay $5.56 Billion For Canada's Western Oil Sands
Wall Street Journal 07/31/2007
The proposed U.S.-Canada partnership for the Keystone XL Pipeline project
01/07/2009
This would bring an additional 1.1 million barrels of Canadian oil to the U.S. from Alberta oil sands. The project is being held up by the Obama administration. The Energy Department gave its approval in February 2011, but it is being held up for further environmental studies. Advances in environmental protection for oil sands development have reduced the footprint of the processes used in production of oil. This would reduce imports from the Middle East and have a favorable impact on oil prices.
Grouped Articles
Trade and Oil on Agenda as Obama Visits Canada
New York Times 02/20/2009
Wall Street Journal 07/28/2013
Canada Looks to Sell Its Oil Beyond U.S.
Wall Street Journal 08/23/2013
Keystone XL Review Sees Little Impact on Climate
Wall Street Journal 02/02/2014
Even Without Keystone Pipeline, Oil Has Flowed
Wall Street Journal 02/02/2014
House Passes Bill to Approve Keystone XL Pipeline
Wall Street Journal 11/14/2014
Environmental reports on Canada's oil sands and new government standards
01/23/2008
Grouped Articles
Canadian Regulator Waives Oil-Sands Enforcement Penalties
Wall Street Journal 06/13/2013
Keystone XL Review Sees Little Impact on Climate
Wall Street Journal 02/02/2014
A sticky ending for the tar sands
Economist 01/15/2009
Leftist Party’s Win in Alberta May Affect Future of Oil Sands
New York Times 05/06/2015
Falling Crude Prices Upend Canada’s Oil Sands Projects
Wall Street Journal 07/23/2015
Panel Criticizes Oil-Sands Monitoring
Wall Street Journal 12/22/2010
Canada's economy- 2011-2015
05/27/2010
Grouped Articles
Clouds Over Canada Damp Loonie
Wall Street Journal 07/01/2013
Global Trade: Canada Takes Its Cues from China Now
BusinessWeek 05/27/2010
Bearish Bets Batter Canada’s Loonie
Wall Street Journal 04/16/2015
Canada Budget Aims to Stoke Business Investment
Wall Street Journal 04/21/2015
IMF Says Canada Housing Market Likely to Achieve ‘Soft Landing’
Wall Street Journal 04/30/2015
Economist 08/29/2015
Oneok Partners oil pipeline from Bakken Shale, N. Dakota to Cushing, Oklahoma
10/01/2011
Grouped Articles
How North Dakota Became Saudi Arabia
Wall Street Journal 10/01/2011
U.S. Seeks New Rules for Rail Transport of Fuel
Wall Street Journal 07/24/2014
The new economics of oil: Sheikhs v shale
Economist 01/13/2015
Oneok Partners to Build Oil Pipeline
Wall Street Journal 04/10/2012
North Dakota’s booming economy gives the political dynamic a rarefied air - The Washington Post
Washington Post 07/08/2012
In North Dakota, the gritty side of an oil boom - The Washington Post
Washington Post 07/19/2012
New technologies and Canada's oil sands
02/05/2008
Grouped Articles
Canadian Regulator Waives Oil-Sands Enforcement Penalties
Wall Street Journal 06/13/2013
A sticky ending for the tar sands
Economist 01/15/2009
Falling Crude Prices Upend Canada’s Oil Sands Projects
Wall Street Journal 07/23/2015
Wall Street Journal 07/25/2012
Mining Canada's Oil Sands: Suddenly, Not a Sure Thing
Wall Street Journal 11/02/2012
The Costly Compromises of Oil From Sand
New York Times 01/07/2009
Canada's oil sands projects in 2010-2016
02/05/2008
Grouped Articles
Canadian Regulator Waives Oil-Sands Enforcement Penalties
Wall Street Journal 06/13/2013
Keystone XL Review Sees Little Impact on Climate
Wall Street Journal 02/02/2014
Even Without Keystone Pipeline, Oil Has Flowed
Wall Street Journal 02/02/2014
A sticky ending for the tar sands
Economist 01/15/2009
Canadian Oil Sands Cuts Dividend, Citing Debt Load and Crude Price Drop
Wall Street Journal 12/04/2014
Leftist Party’s Win in Alberta May Affect Future of Oil Sands
New York Times 05/06/2015
Canada's oil and gas industry
02/10/2011
Grouped Articles
Encana Attracts Chinese Partner
Wall Street Journal 02/10/2011
Canadian Oil to the U.S. Rescue
Wall Street Journal 04/08/2011
Oil-Sands Standards to Tighten
Wall Street Journal 04/06/2011
Oil Sands Project in Canada Will Go On if Pipeline Is Blocked
New York Times 06/06/2011
Energy Agency Says World Will Turn to Americas for Oil
New York Times 06/16/2011
Wall Street Journal 06/25/2011
Harold Hamm and the U.S. Bakken oil and natural gas fields in North Dakota and Montana
10/01/2011
Huge reserves in oil and natural gas that could make the U.S. energy sufficient in a decade. The prospect of royalties for drilling on federal lands that could reduce the deficit.
Grouped Articles
U.S. Seeks New Rules for Rail Transport of Fuel
Wall Street Journal 07/24/2014
Global Oil Glut Sends Prices Plunging
Wall Street Journal 10/15/2014
How North Dakota Became Saudi Arabia
Wall Street Journal 10/01/2011
Wall Street Journal 11/02/2011
New York Times 11/06/2011
Wall Street Journal 12/12/2011
The changing economic viability of mining in Canada's tar sands oil industry in 2012-2015
08/01/2007
Costs of synthetic crude manufactured from mining bitumen can exceed $100 a barrel as costs escalate in the recent boom in Alberta oil sands region. U.S. crude prices have dropped below $90 a barrel putting some large multibillion projects of Suncor Energy on hold. Production from U.S. Bakken oil fields in N. Dakota and limited pipelie space is changing the economics of production from tar sands.
Grouped Articles
How North Dakota Became Saudi Arabia
Wall Street Journal 10/01/2011
Canadian Regulator Waives Oil-Sands Enforcement Penalties
Wall Street Journal 06/13/2013
Keystone XL Review Sees Little Impact on Climate
Wall Street Journal 02/02/2014
Even Without Keystone Pipeline, Oil Has Flowed
Wall Street Journal 02/02/2014
A sticky ending for the tar sands
Economist 01/15/2009
U.S. Seeks New Rules for Rail Transport of Fuel
Wall Street Journal 07/24/2014
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