oil sand


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oil sand

[′ȯil ‚sand]
(geology)
An unconsolidated, porous sand formation or sandstone containing or impregnated with petroleum or hydrocarbons.
References in periodicals archive ?
Oil sand extraction could represent a game-changer for Utah's oil industry.
* We see a threat to growing oil reserves from oil sands projects.
Philippi-Hagenbuch Inc., Peoria, Ill., has designed the first off-highway truck body specifically for hauling oil sands. While oil sands have been mined in Ft.
Canada's oil sands make up an increasing proportion of its petroleum production, and Canada's oil sands producers continue to look to the United States as the major market for their heavy oil exports.
The oil major said earlier on Tuesday it had agreed to sell 40% of its oil sand project Kai Kos Dehseh to Thai sector player PTT Exploration and Production Plc (BAK: PTTEP) for USD2.28bn.
Critics say oil sand projects are more expensive and harmful to the environment than traditional exploration.
Environmentally friendly processing of fossil fuels and wise use of renewable resources were addressed within the following thematic sessions: oil sands and oil shale, synfuels, biofuels, petroleum and methane.
A change of methodology in calculating oil reserves by the Oil & Gas Journal now includes western Canada's oil sands in its definition of proved oil reserves.
Muskeg River's oil sand is close to surface and is the highest grade oil sand known in the region.
Cutting-edge technologies and the rising value of light crude oils have ushered in an era of new investment in Alberta's oil sand extraction, with the major players embarking on ambitious programs that will more than double production in the next century.
Under a new royalty regime recently announced by the province, companies will pay a minuscule one per cent royalty on all oil sands production - yet another larger-than-life Alberta style natural resource give-away.
M2 EQUITYBITES-June 1, 2017-Shell divests oil sands interests in Canada