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CNOOC Limited—China’s largest producer of offshore crude oil and natural gas and one of the largest independent oil and gas exploration and production companies in the world—is acquiring all of the Common Shares of Canada-based energy company Nexen Inc. billion cash. The price represents a premium of.
The majority (62%) of the plantations were located on the island of Sumatra, and more than two-thirds (69%) of all industrial plantations were developed for oil palm cultivation, with the remainder mostly being Acacia plantations for paper pulp production. Earlier post.). —Dr.
Twelve of Canada’s oilsands producers have formed a new alliance, Canada’s OilSands Innovation Alliance (COSIA), focused on accelerating the pace of improving environmental performance in Canada’s oilsands through collaborative action and innovation. The released water is recovered and recycled.
TransCanada Corporation said that its 590,000 barrel-per-day (bpd) capacity Keystone Pipeline system resumed transporting oilsands crude on Sunday, 5 June, after a shutdown 29 May following an above-ground spill at a pump station in Kansas involving less than 10 barrels of oil. Click to enlarge. Earlier post.)
million) to the Petroleum Technology Research Centre ( PTRC ) in Regina, Saskatchewan and StatoilHydro Canada for a project to reduce water use and carbon dioxide (CO 2 ) emissions for in situ oilsands recovery by steam-assisted gravity drainage (SAGD). Burning natural gas produces CO 2 emissions. Other SDTC awards.
Shell, as operator of the Athabasca OilSands Project (AOSP), announced the successful start of production of a 100,000 barrels per day expansion of its oilsands operations in Canada. Construction for an expansion of the Scotford Upgrader is underway, and will come on-stream in 2011.
an indirect wholly-owned subsidiary of CNOOC, will acquire oilsands producer OPTI Canada Inc for approximately US$2.1 The principal asset of OPTI consists of a 35% working interest in the Long Lake and three other oilsands project areas located in the Athabasca region of northeastern Alberta. CNOOC Luxembourg S.a
The width of the pipeline network (green lines) is proportional to CO 2 flow; the largest CO 2 flow is approximately 36 MtCO 2 / yr for the $155/tCO 2 scenario (pipeline leaving the Athabasca oilsands area). Costs are in $US 2011. Credit: ACS, Middleton and Brandt. Click to enlarge. 15 years alone. —Middleton and Brandt.
Suncor is targeting 1 million barrels per day output in 2020, with its growth in the oilsands underpinned by its alliance with Total. Approximately 80% of that production will be from the oilsands. The agreement with Total is an important element of Suncor’s plans to more than double our oilsands production.
The Utah Water Quality Board, in a 9-2 vote this week, agreed with the August 2012 recommendations of an administrative law judge (ALJ) upholding a permit-by-rule issued by the Division of Water Quality (DWQ) for the proposed PR Spring an oilsands mine on state land in eastern Utah. USOS bitumen extraction process. Source: USOS.
the construction and has initiated start-up of its Nipisi heavy oil pipeline and Mitsue diluent pipeline which will service the Pelican Lake and Peace River oilsands regions of Alberta. Commissioning and ramp-up on the Nipisi Pipeline is continuing and is expected to be completed early in the fourth quarter of 2011.
A team from the University of Plymouth (UK) and Environment Canada has identified, for the first time, individual soluble naphthenic acids (NA) in the process water resulting from the oilsands industry in Canada. Frank (2011) Diamonds in the Rough: Identification of Individual Naphthenic Acids in OilSands Process Water.
Worldwide energy consumption will grow by 53% between 2008 and 2035 with much of the increase driven by strong economic growth in the developing nations, especially China and India, according to the reference case in the newly released International Energy Outlook 2011 (IEO2011) from the US Energy Information Administration (EIA).
to proceed with its Narrows Lake oilsands project, with an ultimate gross production capacity of 130,000 barrels per day. SAP combines steam injection with solvents, such as butane, to help bring the oil to the surface. Cenovus also anticipates that SAP may increase total oil recovery by as much as 15%. Earlier post.).
a Canadian integrated oil company, reported an increase in third quarter crude oil production year-on-year of about 4% due to oilsands production that was 14% higher compared with the same period a year earlier. Conventional oil production slightly declined due to a combination of factors. Cenovus Energy Inc.,
Alberta, Canada’s Climate Change and Emissions Management (CCEMC) Corporation is providing C$46 million (US$45 million) in funding to support six new carbon capture and storage and cleaner technology projects in the Canadian oilsands region. Imperial Oil: $10 million for a Cyclic Solvent Process pilot in Cold Lake.
Athabasca OilSands Corp. has exercised its option to divest its 40% interest in the MacKay River oilsands project to Cretaceous Oilsands Holdings Limited, a wholly owned subsidiary of PetroChina International Investment Limited, for C$680 million (US$672 million) in cash. Earlier post.) Earlier post.). properties.
Proposed anaerobic hydrocarbon biodegradation pathways in oilsands tailings. The researchers now report that higher molecular weight n -alkanes (C 14 , C 16 , and C 18 ) are also degraded under methanogenic conditions in oilsands tailings, albeit after a lengthy lag (180 days) before the onset of methanogenesis.
An analysis of the US refining sector, based on linear programming (LP) modeling, finds that refining plausibly high volumes of Canadian oilsands crudes in US refineries in 2025 would lead to a modest increase in refinery CO 2 emissions (ranging between 5.4% to 9.3%) from a 2010 baseline, depending upon the supply scenario.
Investment into emerging oil and gas E&P (exploration and production) technologies, which were nearly non-existent in 2003, at just $57 million, have attracted nearly $7 billion in private investment from 497 unique transactions, according to a new report from Lux Research, “ Investing in Next Generation Oil and Gas Technologies ”.
USGS is the only provider of publicly available estimates of undiscovered technically recoverable oil and gas resources of the world. These new estimates are for conventional oil and gas resources only. million barrels per day of petroleum in 2011 from about 80 different countries. The US imported approximately 11.4
Demand for electricity will make natural gas the fastest growing major energy source and oil and natural gas are expected to meet 60% of energy needs over the next three decades. A total of 21 major oil and gas projects will begin production between 2012 and 2014. billion oil equivalent barrels.
Increased activity in the Exploration and Production (E&P) sector will be the primary driver in pushing oil and gas capital expenditure (capex) to $1.039 trillion for 2012, according to the latest report by business intelligence firm GlobalData. GlobalData predicts Asia-Pacific to follow very closely with a capex of $253.1
Gasoline section shows results for fuel derived from both conventional oil and oilsands. However, the range in values for shale and conventional gas overlap, so there is a statistical uncertainty whether shale gas emissions are actually lower than those of conventional natural gas. Click to enlarge.
The proposed pipeline was to carry oilsands crude from Canada to the US Gulf Coast. I’m disappointed that Republicans in Congress forced this decision, but it does not change my Administration’s commitment to American-made energy that creates jobs and reduces our dependence on oil. —President Obama. Earlier post.).
The region includes a substantial portion of the Athabasca oilsands area, which contains approximately 82% of the province’s oilsands resource and much of the Cold Lake oilsands area. The government of Alberta, Canada has approved the Lower Athabasca Regional Plan (LARP).
ExxonMobil projects that meeting future energy demand will be supported by more efficient energy-saving practices and technologies; increased use of less-carbon-intensive fuels such as natural gas, nuclear and renewables; as well as the continued development of technology advances to develop new energy sources. Natural gas.
After a critical review of the literature on the air impacts of increased natural gas acquisition, processing, and use, a team of US researchers has determined that that actual measurement data on various individual segments of the natural gas life cycle are sparse or critically lacking. well production end-of-life.
World oil production capacity to 2020 (crude oil and NGLs, excluding biofuels). Oil production capacity is surging in the United States and several other countries at such a fast pace that global oil output capacity could grow by nearly 20% from the current 93 million barrels per day to 110.6 Source: Maugeri 2012.
Estimated inventories of methane emissions from the natural gas production sector, excluding processing and transmission. A team of researchers from UT Austin’s Cockrell School of Engineering and environmental testing firms URS and Aerodyne Research completed measurements at 190 natural gas production sites across the United States.
Based on the interim results of a new study, MIT researchers are warning smaller nations to proceed with caution in pursuing the development of their natural gas resources. The interim report analyzed the economics of natural gas project development options in Cyprus with a focus on exports. —Sergey Paltsev. Click to enlarge.
Gas-to-liquids (GTL) process systems boundary with co-product displacement. They considered a single product slate from raw gas: LPG, 8.4%; condensate, 17.8%; GTL Naphtha, 23.1%; GTL diesel, 40.7%; GTL normal paraffin, 2.4%; and GTL lubricant base oils, 7.5%. Credit: ACS, Forman et al. Click to enlarge. Condensate and LPG.
The Board of Directors of Marathon Oil Corporation has approved moving forward with plans to spin off Marathon’s downstream business, creating two independent energy companies. Marathon Oil Corporation (MRO) will be a global upstream company based in Houston, Texas. Strengthened ability to attract and retain talent.
Chevron’s focus on optimizing the thermal management of the Kern River field has resulted in a steady drop in the steam:oil ratio (barrels steam water per barrel oil), resulting in improved economics of the field even with slowly declining production. Data: California DOGGR. Click to enlarge. Source: Chevron. Click to enlarge.
Hydraulic fracturing (“fracking”) is a process in which large volumes of water, sand and chemicals are injected at high pressures to extract oil and natural gas from underground rock formations. The SAB plans to review the draft plan 7-8 March 2011.
The combined company will be the largest owner and operator of natural gas pipelines and storage assets in North America with approximately 67,000 miles of natural gas transportation pipelines. million barrels per day of gasoline, jet fuel, diesel, natural gas liquids and crude oil through more than 8,000 miles of pipelines.
Shell has signed two offshore oil and gas Production Sharing Contracts (PSCs) with CNOOC, and a PSC amendment with CNPC for a new development phase for the Changbei gas field in China. The two offshore oil and gas PSCs with CNOOC are for blocks 62/02 and 62/17 in the Yinggehai Basin.
To be sited at Jie Yang City, Guangdong Province, the Nanhai refinery will be operational in early 2015, with a capacity to process 400,000 barrels of heavy and extra heavy crude oil per day (400 kbd) from the Orinoco Oil Belt. Oil and Gas Journal (OGJ) pegged Venezuela’s 2011 reserves at 211 billion barrels, up from 99.4
Argentina and Venezuela will form a joint venture targeting production of 100,000 barrels of extra-heavy oil per day in the Junin field area of the Orinoco Oil Belt. The US Geological Survey (USGS) characterizes extra-heavy oil as having an API gravity of less than 10°. billion project will also include a refinery. Source: EIA.
However, the US military can play an important role in promoting stability in major oil producing regions and by helping protect the flow of energy through major transit corridors and on the high seas, the reports suggest. Earlier post.). Unless addressed, pipeline security issues will impede investment in Turkey, Bartis suggested.
Very broadly, they found that an LCFS would buffer the economy against global oil price spikes, trim demand for petroleum, and lessen upward pressure on gas prices. Treat all crude oils as part of the overall pool of transportation fuels. We did not shy away from controversy. We are not advocates.
However, biodiesel from advanced biomass has an inherent environmental advantage of greenhouse gas (GHG) emissions reduction that can be realized once every step of the production chain is fully optimized and decarbonized, the researchers said. King (2011) Life cycle energy and greenhouse gas analysis for algae-derived biodiesel.
Decomposition of greenhouse gas emission in transportation (A), relevant actors (B), and corresponding policy instruments (C). volume and GHG-based fuel standards) to achieve reductions in greenhouse gas emissions from on-road transportation need to evolve towards energy-intensity-based fuel standards (e.g., Creutzig et al.
Excelsior Energy Limited plans to test a proprietary in situ combustion bitumen-recovery process (Combustion Overhead Gravity Drainage, COGD) in a pilot project at its Hangingstone oilsands property in Alberta, Canada. Excelsior developed the COGD process in cooperation with Hot-Tec Energy Inc.,
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