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China’s CNOOC to acquire Canada-based Nexen for $15.1B; offshore oil and gas, oil sands, and shale gas

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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. It is the second-largest oil producer in the UK North Sea.

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New study finds GHG emissions from palm oil production significantly underestimated; palm oil biofuels could be more climate-damaging than oil sands fuels

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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.

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Canada and Alberta introduce joint plan for improved environmental monitoring in the oil sands

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Proposed oil sands monitoring by 2015. The Government of Canada and Government of Alberta unveiled “The Joint Canada-Alberta Implementation Plan for Oil Sands Monitoring” in a partnership to improve environmental monitoring in the oil sands region with a program that will sample more sites for more substances more frequently.

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Canada oil sands producers form alliance to improve environmental performance

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Twelve of Canada’s oil sands producers have formed a new alliance, Canada’s Oil Sands Innovation Alliance (COSIA), focused on accelerating the pace of improving environmental performance in Canada’s oil sands through collaborative action and innovation. This would improve plant reliability.

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Fluid thermal processing of Mongolian oil sands

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A study by a team from the State Key Laboratory of Heavy Oil Processing, China University of Petroleum found that fluid thermal processing of. il sands is a feasible process for the production of an upgraded bitumen-derived liquid from Inner Mongolian oil sand. Oil sands exploration in Xing’an region.

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Imperial Oil sanctions Kearl Oil Sands expansion project

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Imperial Oil Limited’s board of directors has approved the expansion phase of the Kearl Oil Sands Project, a surface mining operation under construction northeast of Fort McMurray, Alberta. Imperial Oil’s share of the Kearl Oil Sands asset is 71%. billion (US$10.6

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Enbridge to twin southern section of its Athabasca oil sands pipeline for about $1.2B

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will twin the southern section of its Athabasca Pipeline from the Kirby Lake, Alberta terminal to the Hardisty, Alberta crude oil hub at an estimated cost of approximately C$1.2 billion project, originally proposed in 2005, was seen as a way to diversify markets for oil sands crude, with exports targeted for Asia and California.

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