Article Side

Online Article Directory!

Hello Guest! Login or Register to submit articles!

Petroleum Oil Companies - Exploring New Vistas in Oil Sands

By MCW Energy Group Subscribe to RSS | December 20th 2011 | Views:

As the amount of crude oil wells is on decline and the price of petroleum products is increasing therefore the Petroleum Oil Companies have started looking for alternative ways for succoring oil from many other resources. The Oil Sands, which are also known as Tar sands, have found to be one of the richest sources of oil in the North American continent. Scientific studies have revealed that lot of the world’s oil problems could be tackled by extracting oil from these large tar sands reserves in Russia, Canada and USA.

The Sands Oil comprises of sand or clay, water and bitumen. The Bitumen is a very rare kind of thick oil and therefore it needs to be well treated before and only then oil can be extracted in a useful form. The Oil Company Canada is at the forefront of developing the technology that is required for hauling out oil from the tar sands. The largest deposits are in Athabasca, Canada with 870Gbbl of energy and Venezuela with 1200bbl in its Orinoco belt. Not many Oil Companies are successful in harvesting these oil sands.

Roughly calculated, these areas of the world have the deposits that are equal to world’s reserves of conventional crude oil. However only 5% of these reserves feasible for using as the finance and the amount of energy required for extracting the oil is so high that most of this process is rendered unprofitable. Also, the amount of greenhouse gas released in this process is high. Thus, it is significantly bad for environment.

The oil companies have several ways of extracting Oil sands. The surface mining is used in many places. This involves moving large amount of sands taking them to the refinery for the treatment purpose. This itself uses large power shovels and biggest dump trucks. Large amount of Oil Sands are required for finding enough bitumen to be converted to conventional crude oil by the oil companies. The MCW energy group has the innovative technology that uses less power and causes lesser carbon foot print for extracting oil from the oil sands.

MCW Energy Group - About Author:
For more information about Petroleum Oil Companies, visit the site (

Share on Facebook Tweet It Stumbleupon this post This post is delicious !

Article Source:

Related Business Articles Subscribe to RSS

The best packers and movers company with all kinds of solutions
Published by Kumari Ankita on January 2nd 2012 | Business
Welcome for unparallel shifting services. All of us give support on the loading and unloading servic...
Need to consult an experienced distribution company to publish industry news releases
Published by Andersonclark on February 6th 2012 | Business
Online has been preferred for publishing business or industry news, simply because the news will spr...
Accounting Outsourcing offers advantages for Small companies
Published by Amitaabh Saboo on January 6th 2012 | Business
Being someone who is running a small company, you are familiar with the way in which cost is able to...
Tips for choosing an air conditioner company
Published by Sudhanshusnv on August 3rd 2012 | Business
If you will consider all these things in mind before your choosing air conditioning company, then yo...
IS BIM worth implementing in medium sized companies?
Published by Macjohn on August 25th 2012 | Business
Implementation of Building Information Modeling has not been a major concern with large construction...
Get a dedicated server for your company
Published by Genevieve Ackles on January 21st 2012 | Business
Are you an online business? Then you should know how important a dedicated server is for your compan...
The services provided by Steel Fabrication companies
Published by James Blee on July 16th 2012 | Business
Steel fabrication companies will provide a wide range of services to many different industries that ...
Get thermal insulation materials by a reliable company
Published by Christy Jackson on April 30th 2012 | Business
The article is based on the thermal insulation materials offered by the retailers. It talks about th...
Promotional Products to suit your company profile
Published by Anoshan on July 21st 2012 | Business
Promotional Products, merchandise or items are also at times known as schwag or swags. These product...
Get safe reallocation with the right moving companies
Published by Kumari Ankita on February 25th 2012 | Business
Every one of us experience of moving from one place to another. We all move in our life form one cit...
Various pricing strategies adopted by companies to improve sales
Published by Annphilip on March 8th 2012 | Business
Pricing strategy depends on both the external factors and the internal factors of an organization. S...
IS BIM worth implementing in medium sized companies?
Published by Macjohn on August 25th 2012 | Business
Implementation of Building Information Modeling has not been a major concern with large construction...
A win-win situation for both an organisation as well as debt management companies by hiring a debt collector agency.
Published by Gabi William on March 27th 2012 | Business
We do all the hard work for you and approach each case very seriously - no matter what the size....
Website Desing company delhi
Published by Innovativetech on July 5th 2012 | Business
Innovative Technosoft is a Professional Website Designing Company, offering affordable It Solutions...
Many companies offer Voucher Codes as a way to magnetize new shoppers
Published by Gayathri Divyavanidevi on July 9th 2012 | Business
Many companies offer Voucher Codes as a way to magnetize new shoppers or induc...
What it takes to set up a company in China
Published by Barker Hicks on April 28th 2012 | Business
When foreign investors want to set up company in China it is advisable for them to review their inve...
How to search for a good IT network support company
Published by Charles Brinkman on April 22nd 2012 | Business
If you are running a business, then you need the support for a good IT network support company. Lear...
Why you should choose RSC for your company’s Risk Assessments?
Published by Risksafetyconsultants on April 12th 2012 | Business
Health and safety consultancy Sheffield consists of experts having years of experience in the field....
The offering of online coupon codes helps companies to drive web traffic to their website
Published by Randy Fletcher on July 17th 2012 | Business
The web coupon codes have grown in popularity as online convenience searching is stea...
About the registration of companies in Beijing
Published by Barker Hicks on April 28th 2012 | Business
Beijing Company registration is not an easy task especially for potential foreign investors. As a fo...