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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.
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.
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 oilsands technologies with reduced energy use and greenhouse gas emissions. —Canada Environment Minister Joe Oliver.
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 oilsands facility into commercial products such as biofuels. Click to enlarge.
(JAPEX) plans to invest ¥65-70 billion (US$830–893 million) in its Canadian oilsands projects, Chief Executive Osamu Watanabe told Dow Jones Newswires. Watanabe said that JAPEX has no immediate plans to sell the output beyond Canada and the US in the near term. and Esso (Imperial Oil) to form the PCEJ group.
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 oilsands. Tags: Canada Carbon Capture and Storage (CCS) Oilsands. The project will capture and store up to 1.2
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%.
Suncor Energy has reached an agreement to sell the conventional portion of its natural gas business in Western Canada for $1 billion to a newly established partnership between Centrica plc and Qatar Petroleum International. Estimated production from this business in 2013 is approximately 42,000 boe/d (90% gas). Source: Suncor.
The government of Canada is awarding approximately C$5 million (US$4.7 C2A has been licensed to use an ultra-efficient gas infusion technology for the transfer of CO 2 into liquids for algae feedstock and to remove oxygen that can become toxic to algae. Carbon2Algae (C2A).
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.
Joe Oliver, Canada’s Minister of Natural Resources, and Ola Borten Moe, Norwegian Minister of Petroleum and Energy, signed a joint statement on cooperation in the energy sector. The statement outlines four main priorities for cooperation between Norway and Canada in the energy sector: General. Oil and gas.
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. Williams Energy (Canada), Inc. Williams Energy (Canada), Inc. is Canada’s only oil-sands off-gas processor.
The two leaders discussed practical ways the United States and Canada could encourage the development of clean energy technologies to reduce greenhouse gases and combat climate change. US and Canadian officials will meet in the coming weeks to launch the clean energy dialogue.
Canada Environment Minister Leona Aglukkaq announced that Canada plans to reduce its greenhouse gas (GHG) emissions by 30% below 2005 levels by 2030. Canada formally submitted its target, referred to as an Intended Nationally Determined Contribution (INDC), to the United Nations Framework Convention on Climate Change.
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.
The Utah Water Quality Board, in a 9-2 vote this week, agreed with the August 2012 recommendations of an administrative law judge (ALJ) upholding a permit-by-rule issued by the Division of Water Quality (DWQ) for the proposed PR Spring an oilsands mine on state land in eastern Utah. USOS bitumen extraction process. Source: USOS.
Alberta Innovates has teamed up with Natural Resources (NRCan) and industry partners to take three clean oilsands technologies to commercial demonstration. This announcement is a result of NRCan’s Oil and Gas Clean Tech Program. Cenovus Energy will test an oilsands extraction technology using a solvent-driven process.
Well-to-wheel (WTW) greenhouse gas emissions for in situ SAGD and surface mining pathways generated employing GHOST/TIAX/ GHGenius combination and comparison with SAGD, mining and conventional crude oil literature pathways (all results are on a HHV basis). 74% of WTW emissions in our oilsands pathways. Click to enlarge.
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.,
World oil prices remain high in the IEO2011 Reference case, but oil consumption continues to grow; both conventional and unconventional liquid supplies are used to meet rising demand. In the IEO2011 Reference case the price of light sweet crude oil (in real 2009 dollars) remains high, reaching $125 per barrel in 2035.
The Alberta government has successfully negotiated contracts for two projects that will advance the upgrading and refining of oilsands bitumen to diesel fuel. billion barrels of oil from conventional reservoirs throughout the province, potentially generating up to $25 billion in additional provincial royalties and taxes.
Canadian researchers have developed a large-scale economical method to extract hydrogen from oilsands (natural bitumen) and oil fields. The process can extract hydrogen from existing oilsands reservoirs, with huge existing supplies found in Canada and Venezuela.
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., Carley, Geert F.
An analysis of the US refining sector, based on linear programming (LP) modeling, finds that refining plausibly high volumes of Canadian oilsands crudes in US refineries in 2025 would lead to a modest increase in refinery CO 2 emissions (ranging between 5.4% to 9.3%) from a 2010 baseline, depending upon the supply scenario.
Plot of cumulative steam-to-oil ratio (cSOR) vs. ratio of energy produced in form of chemical energy contained in bitumen if combusted to energy injected in form of steam (75% efficient steam generation). One of the key challenges in producing bitumen and heavy oil is their high, variable viscosity. From Gates and Larter (2013).
New research by the IHS Markit Canadian OilSands Dialogue shows that the combined greenhouse gas (GHG) intensity of Canadian oilsands projects has declined 20% from 2009 levels. The latest data show that the greenhouse gas intensity of Canadian oilsands going down further, continuing a decade-long trend.
The carbon intensity (CI) of Alberta oilsands production has significantly decreased over the last 40 years, according to a new study by a team from Stanford University published as an open access paper in the journal Environmental Research Letters. Trends in well-to-wheel pathway-specific CI. Click to enlarge.
Separation of bitumen from a Canadian oilsand sample using an ionic liquid. A team of researchers at Penn State has developed a new, more environmentally friendly method of separating bitumen from oilsands utilizing ionic liquids (IL). Oilsands represent approximately two-thirds of the world’s estimated oil reserves.
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.)
Chevron’s focus on optimizing the thermal management of the Kern River field has resulted in a steady drop in the steam:oil ratio (barrels steam water per barrel oil), resulting in improved economics of the field even with slowly declining production. Data: California DOGGR. Click to enlarge. Source: Chevron. Click to enlarge.
Two major players in Alberta’s oil and gas industry announced a new hydrogen project recently. Suncor is one of the last remaining oil and gas majors in Alberta’s oilsands. It’s a vertically integrated oil and gas company, […]. The details say otherwise.
Comparison of GHGenius, JACOBS, TIAX, and the new PRELIM gasoline greenhouse gas (GHG) estimates using base case estimates and variations from the scenario analysis. Researchers at the University of Calgary (Canada) have developed the Petroleum Refinery Life-cycle Inventory Model (PRELIM). Credit: ACS, Abella and Bergerson.
Devon and BP will also form a heavy oil joint venture to develop BP’s Kirby oilsands leases in Alberta, Canada. In order to facilitate the oilsands joint venture, Devon will acquire 50% of BP’s interest in the Kirby oilsands leases. The Whiting upgrade is planned to come on-stream in 2012.
Higher crude prices and continued optimization improvements have driven the first upward revision to the S&P Global Commodity Insights 10-year oilsands production outlook in more than half a decade. Higher oil prices have driven record returns for the Canadian oilsands.
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. Pembina Pipeline Corporation has completed. Nipisi heavy crude and Mitsue condensate pipeline systems. Dotted green.) Source: Pembina.
Absolute greenhouse gas emissions from Canadian oilsands production were flat in 2022 even as total production grew, according to an initial analysis by S&P Global Commodity Insights. The Canadian oilsands have demonstrated a consistent trend of reductions in GHG intensity for the past decade.
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. Titanium Corporation Inc. Earlier post.).
A team at the University of Calgary (Canada) has compared the energy intensities and lifecycle GHG emissions of unconventional oils (oilsands and oil shale) alongside shale gas, coal, lignite, wood and conventional oil and gas. Earlier post.).
World oil production capacity to 2020 (crude oil and NGLs, excluding biofuels). Oil production capacity is surging in the United States and several other countries at such a fast pace that global oil output capacity could grow by nearly 20% from the current 93 million barrels per day to 110.6 Source: Maugeri 2012.
Two new lifecycle studies have found that direct greenhouse emissions from producing, transporting and refining oil-sands derived crude, while greater on average than those from conventional crudes, can also overlap the conventional crude range, depending upon a number of factors.
GS Engineering & Construction (GS E&C) has selected GE to supply the produced water evaporation and zero liquid discharge (ZLD) system for the Blackgold OilSands project, located near Conklin, Alberta. Blackgold is owned and operated by a subsidiary of the Korean National Oil Corp. A subsidiary of the Korean National Oil Corp.
Exxon Mobil has started production at its Kearl oilsands expansion project in Alberta, Canada ahead of schedule; the expansion is expected to double overall capacity to 220,000 barrels of bitumen a day, with the expansion itself ultimately expected to reach 110,000 barrels per day. Kearl will access approximately 4.6
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