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bp has agreed to sell its 50% interest in the Sunrise oilsands project in Alberta, Canada, to Calgary-based Cenovus Energy, the other owner of the Sunrise project. In Canada, bp will no longer have interests in oilsands production and will shift its focus to future potential offshore growth. 650 water depth.
Shell Canada and Caterpillar have signed an agreement to test a new dual fuel engine and fuel mix using liquefied natural gas (LNG) that could reduce operating costs and lead to reduced emissions from oilsands mining in northern Alberta.
(Japex) will proceed with an expansion of its oilsands project in the Hangingstone area in Alberta. Japan Canada OilSands Ltd. Total costs for the initial development are anticipated to be around C$1.4 billion (US$1.42 billion), C$1.1
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.
will twin the southern section of its Athabasca Pipeline from the Kirby Lake, Alberta terminal to the Hardisty, Alberta crude oil hub at an estimated cost of approximately C$1.2 The line is expected to be capable of accepting initial volumes by early 2015, with its full initial capacity available by 2016. Click to enlarge.
is producing oil from phase D at its Christina Lake oilsands operation approximately three months ahead of schedule and within budget. Cenovus has decades of growth ahead in the oilsands. The manufacturing approach we use to develop our oilsands projects supports this long-term growth.
Alberta’s oilsands operations accounted for 28.8% of Canadian natural gas demand in 2016, up from 11.8% From 2005 to 2016, natural gas purchased by oilsands projects more than tripled, from 0.73 Bcf/d in 2016. in 2005, according to a new report by Canada’s National Energy Board (NEB).
to construct and operate a 300,000 barrel-per-day oilsands upgrader in the Alberta Industrial Heartland area of Strathcona County. Satisfy the Board by not later than 1 October 2016 that construction of the project has commenced, or the approval will expire on 31 December 2016, unless the Board stipulates a later date.
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. SAP combines steam injection with solvents, such as butane, to help bring the oil to the surface. Cenovus also anticipates that SAP may increase total oil recovery by as much as 15%. Earlier post.).
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.
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.,
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. The JRP’s recommendation was subject to 209 conditions. —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, oil companies 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 oil companies. 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.
Chevrolet introduced the all-new 2016 Cruze—larger, lighter, and more efficient than its predecessor. The new Cruze will be offered in more than 40 global markets and goes on sale first in North America in early 2016. Variable-flow oil pump enhances efficiency. A new, standard 1.4L Each engine features 74 mm (2.9-inch)
saw damage, mechanical damage after sand blasting, mechanical polishing, or even damages induced by ion implantation), etch out (selectively) grain boundaries, form metal oxide layers on the surface, thus having mostly an intrinsically 2D-character. An open-access paper on their work is published in the RSC journal Nanoscale Horizons.
Forged from high-strength, military-grade, aluminum alloy that helps save more than 500 pounds (227 kg) of weight, Raptor’s exterior design is inspired by Ford’s performance heritage in off-road racing that includes Best in the Desert, Lucas Oil Off Road Racing Series and the Baja 1000. Street mode for higher-performance, on-road driving.
Sustainable Development Technology Canada (SDTC) is awarding Nsolv $13 million in grant funding to commercialize its field-tested, proprietary warm solvent technology for in situ heavy oil extraction without the use of steam. The oil is sent to refineries for further processing. Coke-forming asphaltenes are sequestered.
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. Farther down the line are somewhat newer Defender body panels waiting to be refurbished, hand-sanded, and then covered with Ferrari-quality.
Mangroves, along with other coastal wetlands, “sequester enough carbon each year to offset the burning of over one billion barrels of oil,” according to the Nature Conservancy. Surreptitious beginnings Ryan de Jongh, a 53-year-old Curaçao native, activist and tour guide, is the living embodiment of regenerative tourism.
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. For another visual treat, there’s D.S.
The collapse of oil prices has forced the US shale industry to slash production costs. In other words, about three-quarters of the cost reductions have come from trends that will not ultimately improve the overall recovery of oil. Even if production is to continue to rise, it will require steadily higher crude oil prices.
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”.
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