Oil sands exploration increased with a shift in adopting technologies.
Summary Oil sands , an unconventional hydrocarbon resource, holds vast growth potential for crude oil production amid declining output from maturing conventional fields and slowing pace of new discoveries. The oil sands deposits in Alberta, which are among the world’s largest hydrocarbon reserves, are playing an influential role in driving the oil and gas industry in Canada. Despite facing a severe backlash from environmentalists around the world, there has been an increase in oil sands exploration and production activities, although the focus is gradually shifting towards adopting technologies to curb greenhouse gas emissions and water consumption . Scope - The report analyses the impact of oil sands as a theme on the oil & gas industry. - The report discusses how the oil and gas industry in Canada is benefiting from the development of oil sands reserves. - The report evaluates the two major modes of oil sands extraction presently adopted in the oil san...