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Oil sands, also known as tar sands, are a type of unconventional oil deposit found in Canada. These deposits are a mixture of sand, water, clay, and bitumen – a thick, heavy form of crude oil. Canada is home to the third largest oil reserves in the world, with the majority of these reserves located in the oil sands of Alberta.
Saskatchewan, one of Canada’s key oil-producing provinces, continues to play a significant role in the country's energy landscape. Known for its vast reserves of oil and natural gas, particularly in the Bakken Formation and the Viking Formation, Saskatchewan's oil and gas industry is a vital contributor to the provincial economy. In 2024, the industry faces a mix of opportunities and challenges as
Alberta’s oil sands, one of the world’s largest reserves of crude oil, have long been a cornerstone of Canada’s energy industry. By 2024, the sector faces new challenges and opportunities amid shifting global energy demands, climate policies, and technological innovations. The future of Alberta’s oil sands is being reshaped by market pressures, regulatory changes, and the transition toward a more
