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increased its oilsandsproduction 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. Cenovus Energy Inc. Total proved reserves reached almost 2.3
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) oilsandsproduction and/or related surface facility operations. Submissions are due 30 September 2014.
(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. Earlier Wednesday, CNOOC Ltd.,
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 oilsands producing area northwest of Fort McMurray and the Edmonton/Heartland region.
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.
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. —Christian Buhlmann, Volkswagen Product Communications. The resulting boost in driving performance is manifest. Click to enlarge. Intake and injection.
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.
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. A well-to-product explorer allows the navigation of fuel production pathways. User-added data. Preferred units.
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.
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.
Hydraulic fracturing is a method used to improve gas and oilproduction from low permeability formations (shale and tight sand reservoirs). During hydraulic fracturing, large volumes of sand and water, with small volumes of chemical additives, are injected into low-permeability subsurface formations.
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.
China will see the largest increase—more than 4 million oil-equivalent barrels per day. As conventional production declines, more of the world’s oil demand will be met by emerging sources that only recently became available in significant quantities: oilsands, tight oil, deepwater, NGLs and biofuels.
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. First oil is anticipated in 2014. Chevron, through its subsidiary Chevron USA Inc.,
Estimated inventories of methane emissions from the natural gas production sector, excluding processing and transmission. The relative contributions of different production components differ, however. The way in which wells are drilled and brought into production has been evolving. Source: UT Austin. Click to enlarge.
hte is a wholly-owned subsidiary of BASF SE and a leading provider of high throughput technology and services for enhancing research and development productivity. The catalyst is a sand-like material made fluid by the hot vapor and liquid fed into the FCC. FCC (source: EIA ).
RTP rapidly heats biomass at ambient pressure to generate high yields of pourable, liquid pyrolysis oil. The pyrolysis oil—essentially a bio crude oil—will then be upgraded to green transport fuels using technology developed by UOP working with DOE, the DOE’s National Renewable Energy Lab and Pacific Northwest National Laboratory (PNNL).
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.
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
Fracking fluid is largely composed of water and sand, but oil and gas companies also add a variety of other chemicals, including anti-bacterial agents, corrosion inhibitors and surfactants. Surfactants reduce the surface tension between water and oil, allowing for more oil to be extracted from porous rock underground.
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.
This surge in exploration and production from unconventional sources has been accompanied by public concerns about various environmental issues—including air quality, water quantity and quality, and human health impacts. well production end-of-life. Credit: ACS, Moore et al.
The party is over for tight oil. Despite brash statements by US producers and misleading analysis by Raymond James, low oil prices are killing tight oil companies. Reports this week from IEA and EIA paint a bleak picture for oil prices as the world production surplus continues. percent in September 2014 to 1.2
GM developed the new engines for the company’s global vehicle portfolio; the engines will power many of the company’s highest-volume small cars and compact crossovers, including the next-generation Chevrolet Cruze specifically tailored for China, which launches in 2014 as a 2015 model. The first production applications include a 1.0L
liter M 139 engine is the world’s most powerful turbocharged four-cylinder engine in series production. This product policy logic has already proved successful in the V8-powered AMG Performance models. Fresh air is used in addition to oil and water to cool the turbocharger. liter V8 engines, starting with the AMG GT in 2014.
On September 10 th , the EIA reported a production decline in the Lower 48—essentially shale production—of 208,000 BOPD (barrels of oil per day). Rather, Goldman Sachs was grabbing all the headlines with its $20 call on oil. Additionally, it was a week-over-week number which makes it all the more impressive.
The researchers expect to finish the larger report in August 2014; the study is sponsored by The Cyprus Research Promotion Foundation. While natural gas is often cheaper than oil and gives off fewer emissions, developing the resource comes with risks, especially for smaller nations. —Sergey Paltsev. Click to enlarge. Background.
Aluminum will be very product specific; on the [new] F-150, its absolutely the right solution. The new MMLV components are being integrated in series-production vehicles to create full vehicles and subassemblies for testing. Tim Skszek, Jeff Conklin, “Multi-Material Lightweight Vehicles,” DOE AMR 2014 Project ID #LM072.
More information about the next Cruze diesel will be available closer to the start of production. 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. A die-cast aluminum oil pan contributes additional structural strength.
Largest independent transporter of petroleum products in the United States, transporting approximately 1.9 million barrels per day of gasoline, jet fuel, diesel, natural gas liquids and crude oil through more than 8,000 miles of pipelines. Carbon dioxide is used in enhanced oil recovery projects. billion cubic feet per day.
The Alberta government has successfully negotiated contracts for two projects that will advance the upgrading and refining of oilsands bitumen to diesel fuel. These projects underline Alberta’s commitment to responsible, cleaner energy production. —Premier Ed Stelmach. —Premier Ed Stelmach. million liters/day (1.45
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). One of the key challenges in producing bitumen and heavy oil is their high, variable viscosity. From Gates and Larter (2013).
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.
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
Imperial Oil Limited has approved a $2 billion expansion of the company’s Cold Lake in situ oilsands operation in northeastern Alberta. The expansion, called Nabiye, will bring on additional commercial bitumen production of more than 40,000 barrels per day at Cold Lake.
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.
However, the new forecast represents a slowing of future oilsandsproduction growth compared to the predictions of last year’s forecast. According to CAPP’s 2014 Crude Oil Forecast, Markets and Transportation , total Canadian crude oilproduction will increase to 6.4 CAPP forecast. Click to enlarge.
Canadian OilSands Trust, the largest stakeholder (36.74%) in the Syncrude oilsands project, announced plans to increase the synthetic crude oilproduction 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 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 Light Oil Division is on track to meet its year-end production target of 10,000 to 11,000 barrels of oil.
Demand for electricity will make natural gas the fastest growing major energy source and oil and natural gas are expected to meet 60% of energy needs over the next three decades. A total of 21 major oil and gas projects will begin production between 2012 and 2014. billion oil equivalent barrels.
and Enterprise Products Partners L.P. and Enterprise Products Partners L.P. Following pump station additions and modifications, which are expected to be completed by the first quarter 2013, capacity would increase to 400,000 bpd, assuming a mix of light and heavy grades of crude oil. Source: Enbridge. Click to enlarge.
Liquid fuels production (OPEC crude and lease condensate, non-OPEC crude and lease condensate, and other) and consumption (by OECD and non-OECD regions) under three price cases in 2040. Crude and lease condensate includes tight oil, shale oil, extra-heavy crude oil, field condensate, and bitumen (i.e., Source: EIA.
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.
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