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Twelve of Canada’soilsands producers have formed a new alliance, Canada’sOilSands Innovation Alliance (COSIA), focused on accelerating the pace of improving environmental performance in Canada’soilsands through collaborative action and innovation.
Tony Clement, Canada’s Minister of Industry, has approved the acquisition by PetroChina of the MacKay and Dover OilSands projects from Athabasca OilSandsCorporation (AOSC) “ because I am satisfied that the investment is likely to be of net benefit to Canada. ”. Earlier post.).
Statoil Canada has produced first oil from its SAGD (steam-assisted gravity drainage) Leismer Demonstration Project (LDP) in the Canadian oilsands after initiating steam injection in September 2010, one month ahead of schedule. —Lars Christian Bacher, president of Canadian operations for Statoil Canada Ltd. “W”.
Royal Dutch Shell plc announced the completion of two previously announced agreements by Shell Canada Energy, Shell Canada Limited and Shell Canada Resources (Shell) that will see Shell sell all its in-situ and undeveloped oilsands interests in Canada and reduce its share in the Athabasca OilSands Project (AOSP) from 60% to 10%.
TransCanada Corporation will hold a binding open season to obtain firm commitments from interested parties for a pipeline to transport crude oil from Western Canada to Eastern Canadian markets. In 2012, Canada imported more than 600,000 barrels per day to supply its Eastern refineries.
Air Products, the leading global hydrogen provider, and its subsidiary Air Products Canada Ltd. signed three customer supply contracts for hydrogen from its Heartland Hydrogen Pipeline in Alberta, Canada. Sherritt International Corporation is a diversified natural resource company. Williams Energy (Canada), Inc.
and Petro-Canada have agreed to merge. Upon completion of the transaction, the combined entity will operate corporately and trade under the Suncor name, while maintaining the brand presence of Petro-Canada in refined products. Current crude oil and natural gas production of approximately 680,000 boe per day (boe/d).
The Governments of Canada and Québec will provide $76.5 million in funding to AE Côte-Nord Canada Bioenergy Inc. 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.
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.,
Canada-based CO 2 Solutions Inc., an innovator in the field of enzyme-enabled carbon capture technology, announced that it has exceeded the second set of technical performance milestones for its oilsands project. Carbonic anhydrase is the most powerful catalyst known for the hydration of CO 2 —i.e.,
Titanium Corporation Inc. has secured what it calls a critical patent for its innovative technology which recovers hydrocarbon diluents (solvents) from oilsands tailings. Heavy minerals exist in Alberta’s oilsands in minor quantities. Earlier post.).
Devon Energy Corporation has entered into agreements to sell all of its assets in the deepwater Gulf of Mexico, Brazil and Azerbaijan to BP for $7.0 Devon and BP will also form a heavy oil joint venture to develop BP’s Kirby oilsands leases in Alberta, Canada. billion in cash.
TransCanada Corporation said that its 590,000 barrel-per-day (bpd) capacity Keystone Pipeline system resumed transporting oilsands crude on Sunday, 5 June, after a shutdown 29 May following an above-ground spill at a pump station in Kansas involving less than 10 barrels of oil. Click to enlarge. Earlier post.)
The Board of Directors of Canada-based Athabasca OilCorporation 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.
Canada-based MEG Energy’s board of directors has approved 2011 capital investment of approximately $900 million and the final cost estimate for the 35,000 barrels per day Phase 2B oilsands expansion at the Christina Lake in-situ project. MEG utilizes steam-assisted gravity drainage ( SAGD) extraction methods. Operations.
Pembina Pipeline Corporation has completed. the construction and has initiated start-up of its Nipisi heavy oil pipeline and Mitsue diluent pipeline which will service the Pelican Lake and Peace River oilsands regions of Alberta. Nipisi heavy crude and Mitsue condensate pipeline systems. Dotted green.) Source: Pembina.
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. Devon expects to deploy approximately $1.3 billion of capital on Jackfish 3 through startup.
Newalta Corporation has signed a contract with Syncrude Canada Ltd. The contract is over a three-year period at Syncrude’s oilsands mine operations near Fort McMurray, Alberta. to process mature fine tailings (MFT) for a demonstration project.
Penn West Energy Trust has entered into an agreement with a wholly-owned subsidiary of the China Investment Corporation (CIC) to form a joint venture that will develop Penn West’s bitumen assets located in the Peace River area of northern Alberta. CIC has also agreed to purchase trust units of Penn West on a private placement basis.
Titanium Corporation Inc. has been awarded the final of the three core Canadian patents on its oilsands tailings technology. Titanium’s pilot achieved recoveries of 82% of residual bitumen from the oilsands tailings stream and 98% of the solvents. Earlier post.) —Scott Nelson, Titanium’s President and CEO.
Statoil will postpone the previously planned Corner field development at the Kai Kos Dehseh (KKD) oilsands project in Alberta, Canada, for a minimum of three years, due in part to rising labor and materials costs and market access issues including limited pipeline access. —Statoil Canada country manager Ståle Tungesvik.
The Fort Hills Energy Limited Partnership has selected TransCanada Corporation to design, build, own and operate the proposed Northern Courier Pipeline project. Northern Courier Pipeline is fully subscribed under long-term contract to service the Fort Hills Mine, which is jointly owned by Suncor Energy Inc, Total E&P Canada Ltd.
Suncor is targeting 1 million barrels per day output in 2020, with its growth in the oilsands underpinned by its alliance with Total. Canada-based Suncor Energy Inc., Approximately 80% of that production will be from the oilsands. Click to enlarge.
Statoil has agreed to sell a 40% interest in its oilsands project in Alberta, Canada (Kai Kos Dehseh) to PTT Exploration and Production (PTTEP) of Thailand. Production volumes from the partnership will continue to be handled and marketed by Statoil Canada Ltd. The effective date of the transaction is 1 January, 2011.
The US State Department has issued a Presidential Permit to Enbridge Energy, Limited Partnership to enable construction of the Alberta Clipper pipeline for the transport of crude oil from the Canadian oilsands to US refineries. The 1,000-mile/1,607-km pipeline will run from Hardisty, Alberta, Canada, to Superior, Wisconsin.
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. —Bill Henderson, vice-president for Kinder Morgan Canada Terminals. —Rich Kruger.
Total E&P Canada 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. The Fort Hills project is operated by Canada’s Suncor Energy Inc.
Shell will proceed with the first carbon capture and storage (CCS) project for an oilsands operation in Canada. billion Quest project will be built on behalf of the Athabasca OilSands Project joint venture owners (Shell, Chevron and Marathon Oil) and with support from the Governments of Canada and Alberta.
Williams has signed a new long-term gas processing agreement with a Canadian oilsands producer. The ethane price risk associated with this deal is mitigated via the previously announced long-term agreement to supply NOVA Chemicals Corporation with up to 17,000 bpd of ethane and ethylene.
Shell, as operator of the Athabasca OilSands Project (AOSP), announced the successful start of production of a 100,000 barrels per day expansion of its oilsands operations in Canada. — Marvin Odum, Shell Upstream Americas Director and President of Shell Oil Company.
an indirect wholly-owned subsidiary of CNOOC, will acquire oilsands producer OPTI Canada Inc for approximately US$2.1 The principal asset of OPTI consists of a 35% working interest in the Long Lake and three other oilsands project areas located in the Athabasca region of northeastern Alberta. CNOOC Luxembourg S.a
The report provides nine different Tailings Technology Deployment (TDD) Roadmaps to accelerate the implementation of oilsands tailings solutions in Alberta. After oilsands ore is excavated from the ground (surface mining operations, not in situ production), warm water is added to wash the bitumen off the. sand and clay.
Total will not use carbon capture technology in the first phase of its Joslyn North Mine oilsands project, citing excessive cost. In 2009, the company suggested it was considering carbon capture and storage in its oilsands projects in Canada. In July, Total E&P Canada Ltd. Edmonton Journal.
Japan-based TOYO Engineering Corporation, through its Canadian subsidiary TOYO Engineering Canada Ltd., TOYO has performed major projects in the global oil and gas industry for more than 50 years and, with the EPC scope of work for the JACOS Hangingstone Project, TOYO will be advancing its business in the Canadian oil and gas sector.
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. A total of 21 major oil and gas projects will begin production between 2012 and 2014. billion oil equivalent barrels.
The carbon capture process at the Scotford oilsands upgrader will capture about 35% of emissions. Shell has signed agreements with the Governments of Alberta and Canada to secure C$865 million (US$876 million) in funding for its Quest Carbon Capture and Storage (CCS) Project in Canada. Click to enlarge. Earlier post.)
Canada-based Osum OilSands Corp. billion barrels (net), ranking it third in the area next to Husky Energy and Shell Canada. Credit Suisse Securities (Canada), Inc., and Barclays Capital Canada Inc. The financing was led by a combination of new and existing shareholders. Scotia Waterous Inc.
Shell announced the successful start of production from its Scotford Upgrader Expansion project in Canada. The 100,000 barrels-per-day expansion takes upgrading capacity at Scotford to 255,000 barrels-per-day of heavy oil from the Athabasca oilsands.
ATCO Energy Solutions and Praxair Canada Inc. are pursuing the development of hydrogen storage and pipeline infrastructure in Alberta, focusing on opportunities northeast of Edmonton where the growth in heavy-oil processing in Alberta has created an increased demand for hydrogen. Earlier post.).
TransCanada Corporation announced it supports proposed legislation within the State of Nebraska to move the proposed route of the Keystone XL pipeline to avoid the environmentally sensitive Sandhills region. —Alex Pourbaix, TransCanada’s president, Energy and Oil Pipelines. Earlier post.).
Thirteen companies have signed long-term contracts with Trans Mountain Pipeline ULC (Trans Mountain) operated by Kinder Morgan Canada Inc. BP Canada Energy Trading Company; Canadian Natural Resources; Canadian OilSands Limited; Cenovus Energy Inc.; Devon CanadaCorporation; Husky Energy Marketing Inc.;
Shell Canada has submitted a regulatory application for its Quest Carbon Capture and Storage (CCS) project located in central Alberta. Shell submitted the application on behalf of the Athabasca OilSands Project, a joint venture among Shell Canada Energy (60%) Chevron Canada Limited (20%) and Marathon OilCanadaCorporation (20%).
billion oil-equivalent barrels—the bulk of it from Canadian oilsands—replacing 103% of production. These additions assume the long-term pricing basis that the corporation uses to make its investment decisions, rather than single-day, year-end pricing. billion oil-equivalent barrels. billion oil-equivalent barrels.
Total E&P Canada Ltd., has sold a 10% interest in the Northern Lights Partnership (NLP) to SinoCanada Petroleum Corporation (SinoCanada), a subsidiary of China Petroleum & Chemical Corporation (Sinopec). As a consequence of the transaction, NLP will be jointly owned by Total Canada and SinoCanada, with 50% each.
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