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Athabasca Oil Corporation green-lights $536M Hangingstone SAGD oil sands project

Green Car Congress

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.

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Total to Acquire UTS Corporation and Its 20% Interest in Fort Hills Oil Sands Project for C$1.15B

Green Car Congress

a Total subsidiary, has signed an agreement with UTS Energy Corporation (UTS) to acquire UTS Corporation with its main asset, a 20% interest in the Fort Hills oil sands mining project in Alberta, Canada. Total E&P Canada Ltd., Canadian dollars (CAD) per share to acquire UTS. per barrel. With Suncor Energy Inc.,

Oil-Sands 186
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Shell secures C$865M funding for Canadian CO2 storage project; >1M tonnes/yr from oil sands

Green Car Congress

The carbon capture process at the Scotford oil sands upgrader will capture about 35% of emissions. miles) underground into the deepest saline aquifer formation in Alberta (the Basal Cambrian Sands) beneath several layers of impermeable rock. —John Abbott, Shell’s Executive Vice President of Heavy Oil. Earlier post.)

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Suncor targeting 1M barrels per day by 2020, some 80% from oil sands; new strategic alliance with Total

Green Car Congress

Suncor is targeting 1 million barrels per day output in 2020, with its growth in the oil sands underpinned by its alliance with Total. Approximately 80% of that production will be from the oil sands. The agreement with Total is an important element of Suncor’s plans to more than double our oil sands production.

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Total sells a 10% Interest in Northern Lights Oil Sands Project to Sinopec; Two Now Have Joint Ownership

Green Car Congress

has sold a 10% interest in the Northern Lights Partnership (NLP) to SinoCanada Petroleum Corporation (SinoCanada), a subsidiary of China Petroleum & Chemical Corporation (Sinopec). The Northern Lights Oil Sands Project is located approximately 100 kilometers (62 miles) northeast of Fort McMurray, Alberta.

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Kinder Morgan, Imperial Oil to build Edmonton crude oil rail terminal; $270M investment

Green Car Congress

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 oil sands.

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PDVSA and PetroChina move ahead with 400,000 barrel per day oil refinery in China; processing Orinoco heavy and extra-heavy crude

Green Car Congress

To be sited at Jie Yang City, Guangdong Province, the Nanhai refinery will be operational in early 2015, with a capacity to process 400,000 barrels of heavy and extra heavy crude oil per day (400 kbd) from the Orinoco Oil Belt. Oil and Gas Journal (OGJ) pegged Venezuela’s 2011 reserves at 211 billion barrels, up from 99.4