Canada: Reserves to rival Saudi

OIL SANDS production in the Canadian province of Alberta could treble to 3m barrels a day (b/d) in the next 10 years and reach 5m b/d by 2030, says the province's government. Indeed there are so many large projects in the planning stages, says Ralph Klein, Alberta's premier, that the state's infrastructure may not be able to "handle any more" proposals. In total, some $68bn-worth of new oil-sands projects are in the development cycle, he says. Total has become the latest high-profile investor to invest in Alberta's oil sands, buying 78% of Deer Creek Energy, a Canadian oil-sands producer, for about $1.3bn. It says it will probably spend $8bn-10bn on the development. Meanwhile, earlier this y