No wonder they're smug. The tar-sand deposits here and elsewhere in Alberta hold the equivalent of more than 1.6 trillion barrels of oil—an amount that may exceed the world's remaining reserves ...

Producing oil from shale or tar sands is dirtier than the dirtiest coal. This is particularly true for oil shale development, since an incredible amount of energy is required to squeeze a barrel of ...

Producing oil from shale or tar sands is dirtier than the dirtiest coal. This is particularly true for oil shale development, since an incredible amount of energy is required to squeeze a barrel of ...

With falling oil prices dipping below the highs, can fracking survive?Key TakeawaysFracking, or hydraulic fracturing, is a method of extracting oil and natural gas from dense rock where traditional ...

Oil prices will fall to an average of $65 per barrel in 2025 amid an oversupply of crude and a backdrop of slowing demand as countries shift toward cleaner energies and forms of transportation ...

"Despite ongoing geopolitical conflicts, a combination of bearish factors will likely keep oil prices structurally low in 2025, with a likely price range of $60-$80 per barrel for Brent spot crude ...

But extracting oil from tar sands is a wrenching and costly process requiring steam heat, natural gas, and staggering amounts of water. It takes up to six barrels of water to generate a single ...

Canada's Industry Minister, Tony Clement, has given PetroChina the go-ahead for a 1.7 billion US dollars acquisition of two oil sand projects. The deal gives the Chinese company 60% control of ...

Today it costs around $10 to produce a barrel of oil from tar-sands, down 300% from three decades ago. At the forefront of this trend is Lexington Energy Services Inc., one of Canada’s fastest ...