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China’s CNOOC to acquire Canada-based Nexen for $15.1B; offshore oil and gas, oil sands, and shale gas

Green Car Congress

CNOOC Limited—China’s largest producer of offshore crude oil and natural gas and one of the largest independent oil and gas exploration and production companies in the world—is acquiring all of the Common Shares of Canada-based energy company Nexen Inc. billion cash. The price represents a premium of.

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Canada oil sands producers form alliance to improve environmental performance

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Twelve of Canada’s oil sands producers have formed a new alliance, Canada’s Oil Sands Innovation Alliance (COSIA), focused on accelerating the pace of improving environmental performance in Canada’s oil sands through collaborative action and innovation.

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Governments of Canada and Alberta sign MoU on oil sands research

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The Government of Canada and the Government of Alberta have signed a memorandum of understanding (MOU) that will lead to the development of new and improved oil sands technologies with reduced energy use and greenhouse gas emissions. —Canada Environment Minister Joe Oliver.

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Statoil Canada oil sands SAGD project produces first oil

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Statoil Canada has produced first oil from its SAGD (steam-assisted gravity drainage) Leismer Demonstration Project (LDP) in the Canadian oil sands after initiating steam injection in September 2010, one month ahead of schedule. —Lars Christian Bacher, president of Canadian operations for Statoil Canada Ltd. “W”.

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US Ambassador to Canada Says Oil Sands Necessary for US

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In an interview with the Toronto Star , US Ambassador to Canada David Jacobson said that if the US is looking for “ long-term safe and secure sources of energy, Canada, and therefore the oil sands, need to be part of it. Earlier post.).

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Canada backs demonstration-scale algal biorefinery project in the oil sands; Algal Carbon Conversion

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The Government of Canada is supporting a three-year project that will result in the construction of a $19-million, demonstration-scale facility in Alberta that will use algae to recycle industrial carbon dioxide emissions from an oil sands facility into commercial products such as biofuels. Click to enlarge.

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Canada and Alberta to Invest C$865M in Athabasca Oil Sands Carbon Capture and Storage Project

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The provincial government of Alberta and the federal government of Canada will invest C$865 million (US$822 million) in a large-scale Carbon Capture and Storage (CCS) project in the Athabasca oil sands. Tags: Canada Carbon Capture and Storage (CCS) Oil sands. The project will capture and store up to 1.2

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