Oil sands, tar sands, crude bitumen, or bituminous sands, are a type of unconventional petroleum deposit. Oil sands are either loose sands or partially consolidated sandstone containing a naturally occurring mixture of sand, clay, and water, soaked with bitumen, a dense and extremely viscous form of petroleum.
The Athabasca oil sands, also known as the Athabasca tar sands, are large deposits of 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.
Enbridge Inc. is a multinational pipeline and energy company headquartered in Calgary, Alberta, Canada. Enbridge owns and operates pipelines throughout Canada and the United States, transporting crude oil, natural gas, and natural gas liquids, and also generates renewable energy. Enbridge's pipeline system is the longest in North America and the largest oil export pipeline network in the world. Its crude oil system consists of 28,661 kilometres of pipelines. Its 38,300 kilometre natural gas pipeline system connects multiple Canadian provinces, several US states, and the Gulf of Mexico. The company was formed by Imperial Oil in 1949 as the Interprovincial Pipe Line Company Limited to transport Alberta oil to refineries. Over time, it has grown through acquisition of other existing pipeline companies and the expansion of their projects.
TC Energy Corporation is a major North American energy company, based in the TC Energy Tower building in Calgary, Alberta, Canada, that develops and operates energy infrastructure in Canada, the United States, and Mexico. The company operates three core businesses: Natural Gas Pipelines, Liquids Pipelines and Energy.
The Enbridge Pipeline System is an oil pipeline system which transports crude oil and dilbit from Canada to the United States. The system exceeds 5,000 kilometres (3,100 mi) in length including multiple paths. More than 3,000 kilometres (1,900 mi) of the system is in the United States while the rest is in Canada and serves the Athabasca oil sands production facilities. Main parts of the system are 2,306-kilometre-long (1,433 mi) Canadian Mainline and 3,057-kilometre-long (1,900 mi) Lakehead System. On average, it delivers 1.4 million barrels per day of crude oil and other products to the major oil refineries in the American Midwest and the Canadian province of Ontario. The Canadian portion is owned by Enbridge, while the U.S. portion is partly owned by that company through Enbridge Energy Partners, LP, formerly known as Lakehead Pipe Line Partners and Lakehead Pipe Line Company.
Petroleum production in Canada is a major industry which is important to the overall economy of North America. Canada has the third largest oil reserves in the world and is the world's fourth largest oil producer and fourth largest oil exporter. In 2019 it produced an average of 750,000 cubic metres per day (4.7 Mbbl/d) of crude oil and equivalent. Of that amount, 64% was upgraded from unconventional oil sands, and the remainder light crude oil, heavy crude oil and natural-gas condensate. Most of the Canadian petroleum production is exported, approximately 600,000 cubic metres per day (3.8 Mbbl/d) in 2019, with 98% of the exports going to the United States. Canada is by far the largest single source of oil imports to the United States, providing 43% of US crude oil imports in 2015.
The Kearl Oil Sands Project is an oil sands mine in the Athabasca Oil Sands region at the Kearl Lake area, about 70 kilometres (43 mi) north of Fort McMurray in Alberta, Canada that is operated by the 143-year old Calgary, Alberta-headquartered Imperial Oil Limited—one of the largest integrated oil companies in Canada. Kearl is owned by Imperial Oil and is controlled by Imperial's parent company, ExxonMobil—an American multinational that is one of the largest in the world.
The Keystone Pipeline System is an oil pipeline system in Canada and the United States, commissioned in 2010 and owned by TC Energy and, as of March 2020, the Government of Alberta. It runs from the Western Canadian Sedimentary Basin in Alberta to refineries in Illinois and Texas, and also to oil tank farms and an oil pipeline distribution center in Cushing, Oklahoma.
Oil reserves in Canada were estimated at 172 billion barrels as of the start of 2015 . This figure includes the oil sands reserves that are estimated by government regulators to be economically producible at current prices using current technology. According to this figure, Canada's reserves are third only to Venezuela and Saudi Arabia. Over 95% of these reserves are in the oil sands deposits in the province of Alberta. Alberta contains nearly all of Canada's oil sands and much of its conventional oil reserves. The balance is concentrated in several other provinces and territories. Saskatchewan and offshore areas of Newfoundland in particular have substantial oil production and reserves. Alberta has 39% of Canada's remaining conventional oil reserves, offshore Newfoundland 28% and Saskatchewan 27%, but if oil sands are included, Alberta's share is over 98%.
Although there are numerous oil companies operating in Canada, as of 2009, the majority of production, refining and marketing was done by fewer than 20 of them. According to the 2013 edition of Forbes Global 2000, canoils.com and any other list that emphasizes market capitalization and revenue when sizing up companies, as of March 31, 2014 these are the largest Canada-based oil and gas companies.
The Enbridge Northern Gateway Pipelines were a planned-but-never-built project for a twin pipeline from Bruderheim, Alberta, to Kitimat, British Columbia. The project was active from the mid-2000s to 2016. The eastbound pipeline would have imported natural gas condensate, and the westbound pipeline would have exported diluted bitumen from the Athabasca oil sands to a marine terminal in Kitimat for transportation to Asian markets via oil tankers. The project would have also included terminal facilities with "integrated marine infrastructure at tidewater to accommodate loading and unloading of oil and condensate tankers, and marine transportation of oil and condensate." The CA$7.9 billion project was first proposed in the mid-2000s but was postponed several times. The project plan was developed by Enbridge Inc., a Canadian crude oil and liquids pipeline and storage company.
The Long Lake oil sands upgrader project is an in situ oil extraction project near Anzac, Alberta, 40 km (25 mi) southeast of Fort McMurray in the Athabasca oil sands region of Alberta.
Inter Pipeline Ltd. is a multinational petroleum transportation and infrastructure limited partnership that is ranked among North America's leading natural gas and NGL's extraction businesses. It is one of Alberta's top 100 companies in terms of profit (85) and assets (94).
Laricina Energy Ltd. was a private Canadian oil producing company engaged in exploration in North-Eastern Alberta. The company targeted oil sands opportunities outside of the Athabasca mining area and was focusing on in situ plays in the Grosmont and Grand Rapids formations. Its headquarters were located in Calgary, Alberta, Canada.
The Seaway Crude Pipeline System (SCPS), commonly known as the Seaway Pipeline, is an oil pipeline system which transports crude oil between Cushing, Oklahoma and Freeport, Texas, and through the Texas City, Texas Terminal and Distribution System on the Gulf Coast of the United States. The Seaway is an important crude oil transfer link between two petroleum regions within the United States.
Western Canadian Select (WCS) is a heavy sour blend of crude oil that is one of North America's largest heavy crude oil streams and, historically, its cheapest. It was established in December 2004 as a new heavy oil stream by EnCana, Canadian Natural Resources, Petro-Canada and Talisman Energy. It is composed mostly of bitumen blended with sweet synthetic and condensate diluents and 21 existing streams of both conventional and unconventional Alberta heavy crude oils at the large Husky Midstream General Partnership terminal in Hardisty, Alberta. Western Canadian Select—the benchmark for heavy, acidic crudes—is one of many petroleum products from the Western Canadian Sedimentary Basin oil sands. Calgary-based Husky Energy, now a subsidiary of Cenovus, had joined the initial four founders in 2015.
Enbridge Line 5 is a 645-mile oil pipeline owned by the Canadian multinational corporation Enbridge. Constructed in 1953, the pipeline conveys crude oil from western Canada to eastern Canada via the Great Lakes states. Line 5 is part of the Enbridge Lakehead System and passes under the environmentally sensitive Straits of Mackinac, which connect Lake Michigan to Lake Huron. The 30-inch pipeline carries 540,000 barrels (86,000 m3) of synthetic crude, natural gas liquids, sweet crude, and light sour crude per day as of 2013.
The Line 3 pipeline is an oil pipeline owned by the Canadian multinational Enbridge. Operating since 1968, it runs 1,031 miles (1,659 km) from Hardisty, Alberta, Canada to Superior, Wisconsin, United States.
The city of Cushing in Oklahoma is a central hub within the United States and worldwide oil industry. It connects major pipelines within the United States and is the location where the oil futures contracts end up being delivered. It is the physical delivery point of West Texas Intermediate oil.
