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Plot of cumulative steam-to-oil ratio (cSOR) vs. ratio of energy produced in form of chemical energy contained in bitumen if combusted to energy injected in form of steam (75% efficient steam generation). The data suggests that at the extreme, some operations are actually not net energy generating—i.e.,
The US State Department, which bears the responsibility for approving cross-border energy projects, said that Enbridge can indeed proceed with its plan under authority granted by previously issued permits. million barrels per day of crude oil and liquids. million barrels per day of crude oil and liquids. Click to enlarge.
Enbridge is developing two pipelines in the Canadian oilsands area for a combined investment of about $3 billion. billion, depending on scope, to meet the needs of multiple producers in the Athabasca oilsands region. was selected by the Fort Hills partners (Suncor Energy Inc., The second is a new $1.6-billion
Cenovus Energy Inc. increased its oilsands production 14% in 2013, from 89,736 barrels per day in 2013 to 102,500 bbls/day in 2013. The increase in production from the company’s oilsands operations in 2013 was largely driven by its Christina Lake project. Total proved reserves reached almost 2.3 billion BOE.
Imperial Oil Limited has approved a $2 billion expansion of the company’s Cold Lake in situ oilsands operation in northeastern Alberta. The project will access 280 million barrels of recoverable reserves and is expected to start-up by year-end 2014. Imperial received original regulatory approvals for Nabiye in 2004.
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.
However, the new forecast represents a slowing of future oilsands production growth compared to the predictions of last year’s forecast. According to CAPP’s 2014 Crude Oil Forecast, Markets and Transportation , total Canadian crude oil production will increase to 6.4 CAPP forecast. Click to enlarge. In 2013, 1.9
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. Devon expects to deploy approximately $1.3 billion of capital on Jackfish 3 through startup.
Athabasca OilSands Corp. AOSC) announced that the Alberta Energy Resources Conservation Board and Alberta Environment and Water has issued full regulatory approval for the MacKay River commercial oilsands project to MacKay Operating Corp. Earlier post.)
(JAPEX) plans to invest ¥65-70 billion (US$830–893 million) in its Canadian oilsands projects, Chief Executive Osamu Watanabe told Dow Jones Newswires. China’s biggest offshore oil and gas producer, said it will buy Canadian oil-sands developer OPTI Canada Inc. Oilsands production using SAGD.
Canadian OilSands Trust, the largest stakeholder (36.74%) in the Syncrude oilsands 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 OilSands’ President and CEO.
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.). Earlier post.).
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. Tillerson said that even with significant efficiency gains, ExxonMobil expects global energy demand to increase by 30% by 2040, compared to 2010 levels.
The study also found that any absence of oilsands on the US Gulf Coast would most likely be replaced by imports of heavy crude oil from Venezuela, which has the same carbon footprint as oilsands crude. This indicates that oilsands can grow using rail; it is already happening. Earlier post.). Earlier post.).
Gibson Energy Inc. The companies expect that Phase 2 will double the crude oil loading capacity at the Hardisty Rail Terminal from two (about 140,000 barrels) to four 120-railcar unit trains per day (about 280,000 barrels). The first phase of the jointly developed Hardisty Rail Terminal was successfully commissioned on 30 June 2014.
Exxon Mobil has started production at its Kearl oilsands expansion project in Alberta, Canada ahead of schedule; the expansion is expected to double overall capacity to 220,000 barrels of bitumen a day, with the expansion itself ultimately expected to reach 110,000 barrels per day. Kearl will access approximately 4.6 Earlier post.).
liter TSI four-cylinder engine in the 2014 Jetta and Passat, followed by the 2014 Beetle. In a presentation at Volkswagen of America’s 2014 line drive in St. The cylinder head places extremely high demands on the casting process, uses a die with 12 sand cores in the bottom casting method. The 2014 Jetta.
Driven by increasing population, urbanization and rising living standards, the world will require some 35% more energy in 2040, according to ExxonMobil’s annual forecast report: Outlook for Energy: A View to 2040. Without the projected gains in efficiency, global energy demand could have risen by more than 100%.
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).
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.
Substituting biofuels for marginal fossil-based liquid fuels results in the avoidance of significant GHG emissions that are not currently accounted for in the European Renewable Energy Directive (2009/28/EC), according to a new analysis by the consultancy Ecofys. Both effects increase the carbon footprint of conventional oil.
2014 Jeep Cherokee. Chrysler introduced the new 2014 Jeep Cherokee mid-size SUV at the New York International Auto Show. liter Tigershark MultiAir 2 I-4 engine is standard in the 2014 Jeep Cherokee. The 2014 Jeep Cherokee provides a choice of three 4x4 systems. Click to enlarge. The 16-valve, 2.4-liter 4x4 systems.
million barrel per day (bbl/d) Energy East Pipeline project based on binding, long-term contracts received from producers and refiners. The Energy East Pipeline will have a capacity of approximately 1.1 Energy East Pipeline conceptual route map. TransCanada Corporation is moving forward with the 1.1 Click to enlarge.
The Alberta government has successfully negotiated contracts for two projects that will advance the upgrading and refining of oilsands bitumen to diesel fuel. For the second project, the Alberta government and Enhance Energy Inc. These projects underline Alberta’s commitment to responsible, cleaner energy production.
The GREET (The Greenhouse Gases, Regulated Emissions, and Energy Use in Transportation Model) team at Argonne National Laboratory has released a new version of the widely used GREET lifecycle analysis tool, GREET 2014. Mass, Volume or Energy are automatically converted to perform the simulation.
World petroleum and other liquid fuels consumption will increase 38% by 2040, spurred by increased demand in the developing Asia and Middle East, according to the Reference Case projections in International Energy Outlook 2014 ( IEO2014 ), released by the US Energy Information Administration (EIA). oil shale), and refinery gain.
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.
The US Department of Energy’s National Energy Technology Laboratory (NETL) has released a technical report on the results of a limited field study that monitored a hydraulic fracturing operation in Greene County, PA for upward fracture growth out of the target zone and upward gas and fluid migration.
Despite what appears to be a saturated oil market in 2014, oil producers around the world will struggle to meet rising demand over the next few decades. Global oil demand is expected to increase by 37 percent by 2040, with a dominant proportion of that coming from developing countries—i.e. China and India.
Oil flow rates, though limited by testing equipment constraints, exceeded 13,000 barrels of oil per day. The test, in Walker Ridge Block 678, targeted Lower Tertiary sands more than 20,000 feet (6,096 m) under the sea floor and was conducted during August and September 2012. Chevron’s Jack/St. billion.
Noble Energy, Inc. 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.
Profound shifts in the regional distribution of oil demand and supply growth will redefine the refining industry and transform global oil trade over the next five years, according to the annual Medium-Term Oil Market Report (MTOMR) released by the International Energy Agency (IEA). The oil market is at a crossroads.
Venezuela state-owned PDVSA and Italy-based Eni are finalizing a planned 60:40 joint venture to produce heavy crude oil in Junin Block 5 in the Orinoco Oil Belt in Venezuela in 2014. The initial phase, starting in 2014, is targeting the production of 75,000 barrels per day. Click to enlarge.
We will re-apply for a Presidential Permit and expect a new application would be processed in an expedited manner to allow for an in-service date of late 2014. Canada and the United States enjoy the single most important energy relationship in the world. Ninety-nine percent of our oil exports currently flow to the United States.
The US Department of Energy has selected UOP, a Honeywell company, for negotiation of a $25 million award to build a demonstration unit in Hawaii to convert cellulosic biomass into renewable hydrocarbon transportation fuels. RTP rapidly heats biomass at ambient pressure to generate high yields of pourable, liquid pyrolysis oil.
Results of a Rice University laboratory study suggests that using foam may maximize enhanced oil recovery (EOR). Oil resides in formations of rock and sand in small cracks and crevices that have proved devilishly difficult to tap. Drillers pump various substances downhole to loosen and either push or carry oil to the surface.
Kinder Morgan Energy Partners, L.P. The 1,150-km (714-mile) Trans Mountain pipeline system (TMPL) is the only pipeline system in North America that transports both crude oil from the oilsands and refined products to the west coast. Only crude oil and condensates are shipped into the United States. Earlier post.).
Chevron Corporation announced a significant oil discovery at the Anchor prospect in the deepwater US Gulf of Mexico. Anchor co-owners are Cobalt International Energy, Inc. (20%), Anchor co-owners are Cobalt International Energy, Inc. (20%), 2 encountered oil pay in multiple Lower Tertiary Wilcox Sands.
Backed by a $25-million US Department of Energy (DOE) award, the Honeywell UOP Integrated Biorefinery will utilize rapid thermal processing (RTP) technology ( earlier post ) to convert biomass into a pourable, liquid bio-oil (pyrolysis oil). approx 75 wt%) of liquid bio-oil from residual forestry or agricultural biomass.
Global oil discoveries fell to a record low in 2016 as companies continued to cut spending and conventional oil projects sanctioned were at the lowest level in more than 70 years, according to the International Energy Agency, which warned that both trends could continue this year. Oil discoveries declined to 2.4
G&G data and information are used to identify sand and gravel resources suitable for coastal protection and restoration; site renewable energy installations; and locate oil and gas resources. The Final PEIS is available for public comment until 7 April 2014.
The impact of rising oil prices on North American light tight oil (LTO) production is said to be a “Catch 22”, the title of Joseph Heller’s popular 1961 novel set in WWII. Too many analysts continue to believe drilling and service has the same problem with rising oil prices. by David Yager for Oilprice.com.
The study, a unique partnership between the Environmental Defense Fund, participating companies, an independent Scientific Advisory Panel and the study team: Is based on measurements made directly at 190 production sites throughout the United States, with access provided by nine participating energy companies.
The financial pages of Canadian newspapers have been full of headlines lately announcing the potential of two large shale oil fields in the Northwest Territories said to contain enough oil to rival the Bakken Formation of North Dakota and Montana. billion barrels. enthused the Financial Post.
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