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TransCanada Corporation has entered into binding agreements with Phoenix Energy Holdings Limited (Phoenix) to develop the Grand Rapids Pipeline project in Northern Alberta. The Grand Rapids Pipeline system is expected to be in-service by early 2017, subject to regulatory approvals, with capital spent between 2014 and 2017.
When it takes up to four million pounds of sand to frack a single well, it’s no wonder that demand is outpacing supply and frack sand producers are becoming the biggest behind-the-scenes beneficiaries of the American oil and gas boom. says the output of wells is up to 30% higher when they are blasted with more sand.
Chevron Corporation announced that it had conducted a successful production test on the St. Oil flow rates, though limited by testing equipment constraints, exceeded 13,000 barrels of oil per day. Malo PS003 well in the prolific Lower Tertiary trend in the deepwater Gulf of Mexico. Chevron’s Jack/St. billion.
Inter Pipeline Fund has entered into a binding agreement with Canexus Corporation to transport bitumen blend to Canexus’ unit train rail loading operations near Bruderheim, Alberta. Inter Pipeline shipped nearly 30% of Canadian crude oil supply and about 40% of oilsands volumes in 2012.
Chevron Corporation has sanctioned development of its $4-billion Big Foot project in the deepwater US Gulf of Mexico. The development will utilize a dry tree Extended Tension Leg Platform with an on-board drilling rig and have production capacity of 75,000 barrels of oil and 25 million cubic feet of natural gas per day.
TransCanada Corporation has received additional binding commitments in support of the proposed Keystone XL pipeline system—designed to bring Canadian oilsands crude to Gulf Coast refineries—following the successful conclusion of the Keystone Houston Lateral Open Season. million barrels per day.
Chevron Corporation announced a significant oil discovery at the Anchor prospect in the deepwater US Gulf of Mexico. 2 encountered oil pay in multiple Lower Tertiary Wilcox Sands. Anchor is Chevron’s second discovery in the deepwater Gulf in less than a year. Anchor co-owners are Cobalt International Energy, Inc. (20%),
The well encountered high-quality reservoir sands, with per well productivity anticipated to be approximately 250 million cubic feet of natural gas per day. At Dantzler, wireline logging data indicates that the well encountered over 120 net feet of primarily crude oil pay in two high-quality Miocene reservoirs. with 20 percent.
The UT-led field study was a cooperative effort involving experts from the Environmental Defense Fund; Anadarko Petroleum Corporation; BG Group plc; Chevron; Encana Oil & Gas (USA) Inc.; After a well is fractured, it is cleared of sand and liquids that were injected into the well in a process called completion flowback.
KMI) and El Paso Corporation on Sunday announced a definitive agreement whereby KMI will acquire all of the outstanding shares of EP in a transaction that will create the largest midstream and the fourth-largest energy company in North America with an enterprise value of approximately $94 billion and 80,000 miles of pipelines. KMP and KMR.
The Board of Directors of Canada-based Athabasca OilCorporation has given the go-ahead to the company’s $536-million Hangingstone 1 SAGD (steam-assisted gravity drainage) Project; the company also reaffirmed that its Light Oil Division is on track to meet its year-end production target of 10,000 to 11,000 barrels of oil.
US-based Devon Energy Corporation has received regulatory approval from the Alberta Energy Resources Conservation Board and Alberta Environment and Water to move forward with the company’s third oilsands project in Canada. Like Jackfish 1 & 2, Jackfish 3 represents an estimated 300 million barrels of gross recoverable oil.
Exxon Mobil Corporation plans to invest approximately $185 billion over the next five years to develop new supplies of energy to meet expected growth in demand, Chairman and CEO Rex W. A total of 21 major oil and gas projects will begin production between 2012 and 2014. billion oil equivalent barrels.
Kinder Morgan Energy Partners L.P.and Imperial Oil formed a 50-50 joint venture to build a crude oil rail-loading facility in Strathcona County, Alberta, called the Edmonton Rail Terminal. Accessing new and existing markets is critical for our continued growth and responsible development of Canada’s oilsands.
Using activated amine (ADIP-X), Quest will capture one-third of the CO 2 emissions from Shell’s Scotford Upgrader, which turns oilsands bitumen into synthetic crude that can be refined into fuel and other products. Te Storage zone is a formation called Basal Cambrian Sands (BCS).
TransCanada Corporation, saying it was “ disappointed ” by the decision on Wednesday to deny the Presidential Permit for Keystone XL ( " src=" ">, also said it remains fully committed to the construction of the pipeline. Ninety-nine percent of our oil exports currently flow to the United States.
Oil and gas companies have had a tough time over the past year trying to weather the storm of falling oil prices. Drilling oil and gas wells requires a lot of money. For companies that have seen their revenues vanish because of collapsing oil prices, access to credit is obviously critically important. billion in 2014.
TransCanada Corporation is moving forward with the 1.1 The conclusion of the successful open season confirmed strong market support for a pipeline with approximately 900,000 bbl/d of firm, long-term contracts to transport crude oil from the oilsands area in Western Canada to Eastern Canadian refineries and export terminals.
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