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Repsol, Armstrong Energy make largest US onshore oil discovery in 30 years; 1.2B barrels in Alaska

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billion barrels of recoverable light oil in the Nanushuk play in Alaska’s North Slope. The Horseshoe-1 and 1A wells drilled during the 2016-2017 winter campaign confirmed the Nanushuk play as a significant emerging play. of net oil pay in several reservoir zones in the Nanushuk section. billion barrels. billion barrels.

Alaska 170
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EIA Energy Outlook 2010 Reference Case Projects Moderate Growth in US Energy Consumption, Greater Use of Renewables, and Reduced Oil and Natural Gas Imports

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overall from 2008 to 2035. CO 2 emissions from the transportation sector are projected to remain at 33% of the total in 2035, but increase from 1,925 million metric tons in 2008 to 2,115 in 2035. It does include the revised handling of fuel economy standards to reflect the proposal for light-duty vehicles in model years 2012-2016.

Renewable 199
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Syncrude to Expand Its Oil Sands Synthetic Crude Output to 425,000 Barrels per Day by 2020

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Canadian Oil Sands Trust, the largest stakeholder (36.74%) in the Syncrude oil sands project, announced plans to increase the synthetic crude oil production capacity at Syncrude Mildred Lake upgrader to 425,000 barrels per day by 2020 from 350,000 now. Marcel Coutu, Canadian Oil Sands’ President and CEO. and Imperial Oil.

Oil-Sands 199
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Obama sets goal of reducing US oil imports by 1/3 by 2025; domestic and Western Hemisphere production, natural gas, biofuels, electric vehicles, fleet purchases

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Meeting the goal of cutting US oil dependence depends largely on two things, Obama said: finding and producing more oil at home, and reducing dependence on oil with cleaner alternative fuels and greater efficiency. The Administration is pushing the oil industry to produce on leases already held.

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Suncor targeting 1M barrels per day by 2020, some 80% from oil sands; new strategic alliance with Total

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Suncor is targeting 1 million barrels per day output in 2020, with its growth in the oil sands underpinned by its alliance with Total. Approximately 80% of that production will be from the oil sands. The agreement with Total is an important element of Suncor’s plans to more than double our oil sands production.

Oil-Sands 199
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Total to Acquire UTS Corporation and Its 20% Interest in Fort Hills Oil Sands Project for C$1.15B

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a Total subsidiary, has signed an agreement with UTS Energy Corporation (UTS) to acquire UTS Corporation with its main asset, a 20% interest in the Fort Hills oil sands mining project in Alberta, Canada. we will benefit from the experience of a leading partner, whose expertise in the mining operation of oil sands is well recognized.

Oil-Sands 186
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DENSO building large test facility for production of biofuel from P. ellipsoidea microalgae

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Japan-based global automotive supplier DENSO Corporation will build a large 20,000 square meter test facility for the culture of Pseudochoricystis ellipsoidea , an oil-producing microalga patented by DENSO. The facility will start operations in April, 2016.

Building 150