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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. It is the second-largest oil producer in the UK North Sea.
The US Energy Information Administration (EIA) expects US crude oil production to surpass 12.9 In its August Short-Term Energy Outlook (STEO), EIA forecasts US crude oil production to average 12.8 EIA forecasts the Brent crude oil price to increase the rest of 2023 and to approach $90 per barrel in late 2023. per gallon.
Oil production growth from the United States, Brazil, Canada and Norway can keep the world well supplied, more than meeting globaloil demand growth through 2020, but more investment will be needed to boost output after that, according to the International Energy Agency’s latest annual report on oil markets.
Fossil fuel combustion, a major source of air pollution, contributed to more than one million deaths globally in 2017, more than 27% of all deaths from outdoor fine particulate matter (PM 2.5 ), according to a new report published by the Health Effects Institute (HEI). According to HEI’s State of Global Air , PM 2.5
Map of basins with assessed shale oil and shale gas formations, as of May 2013. Among the highlights in the 2013 report is a 10-fold increase in the estimate of technically recoverable shale / tight oil from 32 billion barrels (from the EIA’s Annual Energy Outlook 2011 ) to 345 billion barrels. Source: US EIA. Click to enlarge.
Higher crude prices and continued optimization improvements have driven the first upward revision to the S&P Global Commodity Insights 10-year oil sands production outlook in more than half a decade. Higher oil prices have driven record returns for the Canadian oil sands.
Speaking at the at the University of Toronto’s Hart House Alumni Dinner Series, Canada Minister of Natural Resources, Joe Oliver, emphasized the pivotal role that Canada’soil sands will continue to play in the country’s energy future. New energy markets and infrastructure offer tremendous benefits to Canada and Canadians.
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.
Canada can succeed economically while meeting targets to reduce greenhouse gas emissions, according to an economic modelling study commissioned by the Pembina Institute and the David Suzuki Foundation. The second target is derived from analysis of the emission reductions needed to limit average global warming to 2 °C. Source: Pembina.
The US Energy Information Administration (EIA) expects global consumption of liquid fuels such as gasoline, diesel, and jet fuel, to set new record highs in 2024. EIA also expects oil production in Canada, Brazil, and Norway collectively to grow 12% from 2022 to 2024, and also expects growth from new sources such as Guyana.
New research by the IHS Markit Canadian Oil Sands Dialogue shows that the combined greenhouse gas (GHG) intensity of Canadian oil sands projects has declined 20% from 2009 levels. The latest data show that the greenhouse gas intensity of Canadian oil sands going down further, continuing a decade-long trend.
The Government of Canada has established a Heavy Oil Working Group. Comprising countries such as Canada, Brazil, Colombia, Mexico, the United States and Venezuela, the Heavy Oil Working Group will collaborate on clean energy research to reduce the impact of fossil fuel development. Minister Paradis.
The US Energy Information Administration (EIA) forecasts that liquid fuels production in Brazil, Canada, and China will increase this year and next, contributing to growth in overall non-OPEC petroleum production. After the United States, EIA expects liquid fuels production to increase the most in the non-OPEC countries of Brazil and Canada.
Japan-based TOYO Engineering Corporation, through its Canadian subsidiary TOYO Engineering Canada Ltd., TOYO has performed major projects in the globaloil 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.
By the middle of this decade greenhouse gas (GHG) emissions from Canadian oil sands production should be in decline even as production continues to grow, according to a new comprehensive report by S&P Global Commodity Insights that takes into account current technology trends and production growth. —Kevin Birn.
Absolute greenhouse gas emissions from Canadian oil sands production were flat in 2022 even as total production grew, according to an initial analysis by S&P Global Commodity Insights. The Canadian oil sands have demonstrated a consistent trend of reductions in GHG intensity for the past decade.
The Government of Canada is adopting stricter environmental standards to reduce air emissions from ships navigating in Canadian waters. These changes further align Canada’s air emission standards with the United States. Air emissions standards under the ECA are stricter than global requirements.
Ferus Natural Gas Fuels and ENN Canada Corporation are forming a joint venture today to construct, own and operate two LNG liquefaction plants in Canada. ENN Canada has committed to a significant amount of the LNG produced at these plants for its planned fueling stations. —Dick Brown, CEO of Ferus Natural Gas Fuels.
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 globaloil output capacity could grow by nearly 20% from the current 93 million barrels per day to 110.6 Source: Maugeri 2012.
Shell, as operator of the Athabasca Oil Sands Project (AOSP), announced the successful start of production of a 100,000 barrels per day expansion of its oil sands operations in Canada. — Marvin Odum, Shell Upstream Americas Director and President of Shell Oil Company.
Global production of biofuels increased 17% in 2010 to reach an all-time high of 105 billion liters (28 billion gallons US), up from 90 billion liters (24 billion gallons US) in 2009. of all global fuel for road transportation—an increase from 2% in 2009, according to the report. Source: Worldwatch Institute. Click to enlarge.
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. Renewable energy.
Change in primary oil demand by sector and region in the central New Policies Scenario, 2010-2035. At a high level, the report notes that there are few signs that the urgently needed change in direction in global energy trends is underway. Click to enlarge. The passenger vehicle fleet doubles to almost 1.7 billion in 2035.
However, the new forecast represents a slowing of future oil sands production growth compared to the predictions of last year’s forecast. According to CAPP’s 2014 Crude Oil Forecast, Markets and Transportation , total Canadian crude oil production will increase to 6.4 CAPP forecast. Click to enlarge. million barrels per day.
Archer Daniels Midland Company will build a 265 million liter (70 million gallons US) biodiesel plant in Lloydminster, Alberta, Canada, which will increase ADM’s North American biodiesel production capacity by 50%. —Mike Livergood, ADM vice president, global oleo chemicals. billion liters (450 million gallons). billion liters (1.8
Total US exports of finished petroleum products have increased more than 60% since 2007 as markets have become more globally integrated, according to the US Energy Information Administration (EIA). This trend is driven primarily by finished motor gasoline and distillate fuel oil which are increasingly exported to Latin America.
Air Products and its subsidiary Air Products Canada Ltd., signed a long-term agreement to supply North West Redwater Partnership with approximately 25 million standard cubic feet per day (MMSCFD) of hydrogen for North West’s Sturgeon Refinery near Edmonton, Alberta, Canada.
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 oil sands to US refineries. The 1,000-mile/1,607-km pipeline will run from Hardisty, Alberta, Canada, to Superior, Wisconsin.
Crude and lease condensate includes tight oil, shale oil, extra-heavy crude oil, field condensate, and bitumen (i.e., oil sands, either diluted or upgraded). oil shale), and refinery gain. OPEC oil producers are the largest source of additional liquid fuel supply between 2010 and 2040.
Canada will publish the final Clean Fuel Regulations (CFR) in the Canada Gazette Part II on 6 July 2022. producers and importers) to reduce the carbon intensity of their liquid fossil fuels used in Canada from 2016 carbon intensity levels. The Government of Canada’s Clean Fuels Fund will invest $1.5 gCO 2 e/MJ.
TransCanada Corporation said that its 590,000 barrel-per-day (bpd) capacity Keystone Pipeline system resumed transporting oil sands 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.)
Statoil will postpone the previously planned Corner field development at the Kai Kos Dehseh (KKD) oil sands 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.
About 50% of Albertans are disappointed with the way their provincial and federal governments have dealt with recent criticism of the oil sands, a new Angus Reid Public Opinion poll has found. Two-in-five Albertans (41%) think global warming is a fact and is mostly caused by emissions from vehicles and industrial facilities.
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 carbon capture process at the Scotford oil sands 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.)
It’s a great example of how Chevrolet’s global resources work harmoniously to produce the right product at the right time and for the right market. Chevrolet has had a lot of success globally with the diesel engines. Cruze models in the United States and Canada offer a 1.4L —Jens Wartha, GM chief engineer. turbo, a 1.4L
Canada-based Carbon Engineering Ltd. (CE) CE) has received equity investment from two global energy companies: Oxy Low Carbon Ventures, LLC (OLCV), a subsidiary of Occidental Petroleum Corporation; and Chevron Technology Ventures (CTV), the venture capital arm of Chevron Corporation. since 2015. since 2015.
Examples of emerging oil sands related technologies and trade-offs. The paper is an examination of how various choices about the scale of the life cycle analysis applied to oil sands (i.e., The source material is neither oil nor tar but bitumen, but is most generally described as an example of ultraheavy oil.”.
Canadian oil sands production is expected to decline by nearly 175,000 barrels per day (b/d) in 2020 as a result of COVID-19—the largest annual decline on record. The new forecast by the IHS Markit Oil Sands Dialogue , which takes into account the “COVID-19 shock,” projects Canadian oil sands production to reach 3.8
Use of coal, oil, and natural gas has to stop (in that order). But “dirty” oil, emanating from oil sands (a.k.a., tar sands) with a significantly higher carbon footprint than conventional oil, deserves a place at the front of the line. Keystone XL would add to global greenhouse gas emissions. If not now, when?
We expect low-carbon fuel policies to continue to expand globally and drive demand for renewable fuels, and to that end, we are applying our liquid fuels expertise to continue to expand our long-term competitive advantage in low-carbon transportation fuels with the expansion of DGD. billion pounds of used cooking oil annually.
As the world contends with a global energy crisis, nuclear power has the potential to play a significant role in helping countries to securely transition to energy systems dominated by renewables, according to a new special report by the IEA. —IEA Executive Director Fatih Birol.
Results from a new modeling assessment of contamination in the Athabasca Oil Sands Region (AOSR) suggest that officially reported emissions of polycyclic aromatic hydrocarbons (PAHs) in that region have been greatly underestimated. —Parajulee and Wania. Average emissions densities from Shen et al. Source: Parajulee and Wania.
Tillerson said that even with significant efficiency gains, ExxonMobil expects global energy demand to increase by 30% by 2040, compared to 2010 levels. 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.
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