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Cenovus oil sands production increases 14% in 2013; increasing its rail transport capability

Green Car Congress

increased its oil sands 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 oil sands operations in 2013 was largely driven by its Christina Lake project. By the end of 2013, Cenovus had rail capacity to transport 10,000 bbls/d of oil.

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GE GHG Ecomagination Innovation Challenge for higher value use of low grade waste heat from oil sands production

Green Car Congress

NineSigma, representing the General Electric Company, is inviting participation in a GE GHG Ecomagination Innovation Challenge to create value from excess low grade heat resulting from Steam Assisted Gravity Drainage (SAGD) oil sands production and/or related surface facility operations. Submissions are due 30 September 2014.

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Alberta approves MacKay River Commercial Oil Sands Project; operating company a JV between AOSC and PetroChina

Green Car Congress

Athabasca Oil Sands 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 oil sands project to MacKay Operating Corp. The company was formed to operate the jointly owned MacKay River oil sands leases.

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JAPEX to invest 65-70B in further oil sands development in Canada

Green Car Congress

(JAPEX) plans to invest ¥65-70 billion (US$830–893 million) in its Canadian oil sands 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. Oil sands production using SAGD.

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TransCanada and Phoenix Energy forming JV to develop $3B oil sands pipeline in Alberta

Green Car Congress

TransCanada and Phoenix will each own 50% of the proposed $3-billion pipeline project that includes both a crude oil and a diluent line to transport volumes approximately 500 kilometers (311 miles) between the oil sands producing area northwest of Fort McMurray and the Edmonton/Heartland region.

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Athabasca Oil Sands sells remainder of interest in MacKay River oil sands project to PetroChina for C$680M; PetroChina to be full owner of project

Green Car Congress

Athabasca Oil Sands Corp. has exercised its option to divest its 40% interest in the MacKay River oil sands 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.

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Ecofys report concludes current European regulations underestimating GHG reductions

Green Car Congress

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.

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