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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.
By 2040, hybrids are expected to account for about 35% of the global light-duty vehicle fleet, up from less than 1% in 2010. In 2010 China had only about five light-duty vehicles per 100 people, while India had less than two per 100 people; this compares to about 75 vehicles for every 100 people in the United States. Click to enlarge.
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.
The catalyst is a sand-like material made fluid by the hot vapor and liquid fed into the FCC. The slurry oil can be blended with residual fuel oil or further processed in the coker. This carbon, known as catalyst coke, adheres to the catalyst, reducing its ability to crack the oil.
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 propulsion materials area works closely with other VTO technology areas to identify and meet requirements for materials needed to develop cost-effective, highly efficient, and environmentally friendly next-generation heavy and light duty power-trains. How light could you make vehicles? … Click to enlarge.
Cruze sales in the US in 2014 were 273,060 units —a 10% increase over 2013. 2014 Ecotec 1.4L Variable-flow oil pump enhances efficiency. Piston-cooling oil jets contribute to optimal performance, efficiency and refinement. That helps ensure the oiling system maintains full pressure during extreme driving conditions.
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. The first is a new industry diluent pipeline with associated capital of up to $1.4 Total E&P Canada Ltd.
The Board of Directors of Canada-based Athabasca Oil Corporation 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 LightOil Division is on track to meet its year-end production target of 10,000 to 11,000 barrels of oil.
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.
The expansion of the reversed Seaway Pipeline will more than double its capacity to 850,000 barrels per day (bpd) by mid-2014 and transport oil originating in the Canadian oilsands and the US Bakken shale from Cushing, Oklahoma to the US Gulf Coast at Houston, with an extension to Port Arthur/Beaumont. Enbridge Inc.
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
million barrels per day of crude oil and liquids. The Enbridge Mainline system is the largest conduit of oil into the United States. Enbridge transports 53% of US-bound Canadian production, a figure that accounts for approximately 15% of total US crude oil imports. Enbridge US Mainline West as of August 2014.
The study was commissioned by the European Oilseed Alliance (EOA), the European Biodiesel Board (EBB) and the European Vegetable Oil and Proteinmeal Industry (FEDIOL). Even for conventional oil production fields, because larger existing fields get depleted, the extraction efforts increase while smaller fields are taken in operation.
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.).
In calendar year 2014, Ford sold 84,583 hybrids and 1,964 EVs for 3.5% Ford’s turbocharged, direct-injection EcoBoost technology is available in every new Ford car, utility and light-duty pickup in North America beginning this year. Mud and sand mode for muddy and sandy trails and terrain. of its total 2,493,918 vehicle sales.
The first such required posting will be in May 2014 for the 2013 Annual Crude Average carbon intensity calculation. All crude oil produced in and offshore of California is assumed to be refined in California. Crude from the oilsands in Canada was headed by a carbon intensity of 24.49 g/MJ from Suncor Synthetic, ?2,925,958
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.
Incremental well-to-wheels GHG emissions from WCSB OilSands Crudes Compared to Well-to-Wheels GHG Emissions from Displacing Reference Crudes Click to enlarge. Domestic production of crude oil has increased significantly, from approximately 5.5 That portion of the pipeline has already been built. million bpd in 2010 to 6.5
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