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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. Total E&P Canada Ltd., Canadian dollars (CAD) per share to acquire UTS. per barrel. With Suncor Energy Inc.,
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.
a Canadian integrated oil company, 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. Cenovus Energy Inc.,
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.
Exxon Mobil Corporation plans to invest approximately $185 billion over the next five years to develop new supplies of energy to meet expected growth in demand, Chairman and CEO Rex W. To help meet that demand, ExxonMobil is anticipating an investment profile of approximately $37 billion per year through the year 2016.
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
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.
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