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Canadian oilsands & conventional production. Oilsands growth will drive Canadian crude oil production to about 4.7 The forecast sees oilsands production rising from 1.5 Canadian and US crude oil pipelines—all proposals. Growth Case: Western Canada oilsands & conventional production.
is producing oil from phase D at its Christina Lake oilsands operation approximately three months ahead of schedule and within budget. The company began injecting steam in the second quarter of this year and began producing in late July. Cenovus has decades of growth ahead in the oilsands.
to construct and operate a 300,000 barrel-per-day oilsands upgrader in the Alberta Industrial Heartland area of Strathcona County. In a 62-page decision report, the ERCB places seven conditions on the company. Those conditions require the company to: Achieve a sulfur recovery rate of 99.5%
Suncor is targeting 1 million barrels per day output in 2020, with its growth in the oilsands underpinned by its alliance with Total. Approximately 80% of that production will be from the oilsands. The agreement with Total is an important element of Suncor’s plans to more than double our oilsands production.
to proceed with its Narrows Lake oilsands project, with an ultimate gross production capacity of 130,000 barrels per day. The company plans to demonstrate solvent aided process (SAP) on 25% of the wells there and eventually phase in SAP across the entire Narrows Lake operation. Earlier post.). with the full addition of SAP.
a Canadian integrated oilcompany, reported an increase in third quarter crude oil production year-on-year of about 4% due to oilsands production that was 14% higher compared with the same period a year earlier. Conventional oil production slightly declined due to a combination of factors. Click to enlarge.
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.
Total also acquired a portion of Suncor’s interest in the Fort Hills oilsands project resulting in Suncor now holding a 40.8% Suncor and Total have agreed to develop the Fort Hills mine and Voyageur upgrader in parallel, so that both come on stream in 2016. interest, Total holding 39.2%, and Teck Resources Ltd.
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 oilsands mining project in Alberta, Canada. we will benefit from the experience of a leading partner, whose expertise in the mining operation of oilsands is well recognized.
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. To help meet that demand, ExxonMobil is anticipating an investment profile of approximately $37 billion per year through the year 2016.
Increased activity in the Exploration and Production (E&P) sector will be the primary driver in pushing oil and gas capital expenditure (capex) to $1.039 trillion for 2012, according to the latest report by business intelligence firm GlobalData. In terms of capital expenditure for the 2012–2016 period, Petroleo Brasileiro S.A.
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
The project would be capable of carrying 525,000 barrels per day of oilsands crude from Edmonton, Alberta to Kitimat on the British Columbia coast and more than 190,000 barrels per day of condensate back from Kitimat to Edmonton. —Al Monaco.
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. On 29 November 2016, the Government of Canada granted approval for the Trans Mountain Expansion Project. billion (US$3.46
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. Source: Kinder Morgan. Click to enlarge.
for the production of renewable fuel oil (RFO) from forest residues. million gallons US) of renewable fuel oil per year. Production of renewable fuel oil is set to begin in 2017. The RTP pyrolysis process is based on the application of a hot “transported” bed (typically sand) that is circulating between two key vessels.
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.
One casualty of the oil price downturn could be the megaproject. For years, as conventional oil reserves depleted and became increasingly hard to find, oilcompanies ventured into far-flung locales to find new sources of production. The collapse of oil prices, however, could kill off the megaproject.
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 oilcompanies. Reports this week from IEA and EIA paint a bleak picture for oil prices as the world production surplus continues. OPEC and US crude oil production.
After introducing and then removing several models, the company since 2013 has currently settled on the Fusion hybrid and plug-in hybrid (Energi); the C-MAX hybrid and plug-in hybrid; the Lincoln MKZ; and the Focus Electric. Mud and sand mode for muddy and sandy trails and terrain. —Raj Nair. Ford’s electric drive vehicle sales.
The company was founded in 2013, after a brainstorming session over a case of beer in a Florida garage. “We The Land Rover Defender is a good candidate for conversion because it has long had a fanatical following, with 2 million units sold around the globe between 1948 and its retirement in 2016. car brand—are replaced.
As a kid in the ’80s, I loved climbing the massive sand dunes at nearby Jockey’s Ridge State Park and fishing at Cape Hatteras. So I was excited to learn that this month, Steidl will publish a book of images the photographer Joel Sternfeld took in Nags Head in the summer of 1975.
The collapse of oil prices has forced the US shale industry to slash production costs. Arm-twisting oilfield service companies accounted for another 40% of the lower break-even price. In other words, about three-quarters of the cost reductions have come from trends that will not ultimately improve the overall recovery of oil.
The permit authorizes TransCanada to construct, to connect, to operate, and to maintain pipeline facilities at the US-Canadian border in Phillips County, Montana for the importation of crude oil. Kerry noted at that time that the arguments pro and con had been “overstated”. Earlier post.)
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