Environmental problems hinder oil sands extraction 

March 13, 2019 (Last Updated March 14th, 2019 16:19)

Oil sands are rich sources of bitumen. This is an extra-heavy hydrocarbon that can be extracted using unconventional techniques, such as, surface mining and in-situ extraction. The processes are energy intensive, consume large volumes of water and result in emission of greenhouse gas in high volumes. This has therefore resulted in attracting severe criticism from environmentalists around the world.

Environmental problems hinder oil sands extraction 

Latest oil sands technologies propel Canada to fourth largest producer of crude oil globally in 2018

Major players in the oil sands industry

Due to rapid technological developments in the exploration and production of oil sands, Canada has emerged as the world’s fourth largest producer of crude oil. They ranked behind the US, Russia and Saudi Arabia in 2018. However, chronic midstream infrastructure bottlenecks and low price environment can limit the progress of the oil and gas industry.

GlobalData’s report helps you to understand the major trends in the industry

Key highlights of the report include:

  • Discussion on how oil and gas industry in Canada is benefiting from the development of oil sands reserves
  • Evaluation of the two major modes of extraction presently adopted in the industry
  • Analysis of how oil and gas companies are focusing on improving the technologies and processes for extracting
  • Exploration of the value chain for the industry, highlighting the roles played by different entities in the ecosystem

GlobalData’s Oil Sands – Thematic Research report also provides an insight on the oil sands industry analysis, explaining the developments happening across Canadian Oil Sands as well as in other major markets.

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