Oil Sands Stocks List

Oil Sands Stocks Recent News

Date Stock Title
Jul 11 MRO Marathon Oil reaches $241M settlement over North Dakota environmental violations
Jul 11 MRO Marathon Oil Agrees to Pay $64.5 Million for Alleged Clean Air Act Violations
Jul 11 MRO Marathon Oil reaches $241 million settlement with EPA for environmental violations in North Dakota
Jul 11 TECK Teck Announces Completion of Steelmaking Coal Sale
Jul 11 TECK Teck Resources' Outperform Rating, $91 Price Target Maintained by RBC Capital Markets
Jul 11 TTEK Tetra Tech (NASDAQ:TTEK) shareholders have earned a 19% CAGR over the last five years
Jul 11 PBA Oil & Gas Stock Roundup: ExxonMobil & Shell's Q2 Updates in Focus
Jul 11 TECK Need To Know: Analysts Just Made A Substantial Cut To Their Teck Resources Limited (TSE:TECK.B) Estimates
Jul 11 SU Suncor (SU) Faces Allegations of Air Emission Violations
Jul 10 TECK Teck to Release Second Quarter 2024 Results on July 24, 2024
Jul 10 TTEK Tetra Tech Announces Planned Dates for Third Quarter 2024 Results and Conference Call
Jul 10 MRO Why private equity is 'the real issue' in M&A
Jul 10 CVE Cenovus Energy (CVE) Demobilizes Workers Over Wildfire Risks
Jul 10 TECK Codelco Eyes $500M Stake In Teck's Quebrada Blanca Copper Mine
Jul 10 CLH 3 Stocks to Buy From the Booming Waste Removal Services Industry
Jul 9 PBA Pembina Pipeline declares CAD 0.69 dividend
Jul 9 PBA Pembina Pipeline Corporation Declares Quarterly Preferred Share Dividends and Announces Second Quarter 2024 Results Conference Call and Webcast
Jul 9 TECK Codelco explores taking 10% stake in Teck's Quebrada Blanca copper mine - report
Jul 8 TECK Teck Resources And Newmont Corp: A Golden Long/Short In The Mining Space
Jul 8 TECK Canadian critical mineral shares fall after tighter M&A criteria
Oil Sands

Oil sands, also known as tar sands or crude bitumen, or more technically 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, saturated with a dense and extremely viscous form of petroleum technically referred to as bitumen (or colloquially as tar due to its superficially similar appearance).Natural bitumen deposits are reported in many countries, but in particular are found in extremely large quantities in Canada. Other large reserves are located in Kazakhstan, Russia, and Venezuela. The estimated worldwide deposits of oil are more than 2 trillion barrels (320 billion cubic metres); the estimates include deposits that have not been discovered. Proven reserves of bitumen contain approximately 100 billion barrels, and total natural bitumen reserves are estimated at 249.67 Gbbl (39.694×10^9 m3) worldwide, of which 176.8 Gbbl (28.11×10^9 m3), or 70.8%, are in Alberta, Canada.The crude bitumen contained in the Canadian oil sands is described by the National Energy Board of Canada as "a highly viscous mixture of hydrocarbons heavier than pentanes which, in its natural state, is not usually recoverable at a commercial rate through a well because it is too thick to flow." Crude bitumen is a thick, sticky form of crude oil, so heavy and viscous (thick) that it will not flow unless heated or diluted with lighter hydrocarbons such as light crude oil or natural-gas condensate. At room temperature, it is much like cold molasses. The World Energy Council (WEC) defines natural bitumen as "oil having a viscosity greater than 10,000 centipoise under reservoir conditions and an API gravity of less than 10° API". The Orinoco Belt in Venezuela is sometimes described as oil sands, but these deposits are non-bituminous, falling instead into the category of heavy or extra-heavy oil due to their lower viscosity. Natural bitumen and extra-heavy oil differ in the degree by which they have been degraded from the original conventional oils by bacteria. According to the WEC, extra-heavy oil has "a gravity of less than 10° API and a reservoir viscosity of no more than 10,000 centipoise".Oil sands have only recently been considered to be part of the world's oil reserves, as historically high oil prices and new technology enabled profitable extraction and processing. Together with other so-called unconventional oil extraction practices, oil sands are implicated in the unburnable carbon debate but also contribute to energy security and counteract the international price cartel OPEC. According to a study ordered by the Government of Alberta, Canada, conducted by Jacobs Engineering Group, carbon emissions from oil-sand crude are 12% higher than from conventional oil.

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