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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.
billion program of pipeline expansions to carry an additional 400,000 barrels per day (bpd) of light oil from North Dakota and western Canada to refinery markets in Ontario, Quebec and the US Midwest. billion investment rounds out our suite of major crude oil new market access initiatives for North American markets.
Canadian researchers have developed a large-scale economical method to extract hydrogen from oil sands (natural bitumen) and oil fields. The process can extract hydrogen from existing oil sands reservoirs, with huge existing supplies found in Canada and Venezuela. Proton Technologies is commercializing the process.
The International Energy Agency’s Monthly Oil Statistics shows that there are differences in refinery output throughout the world. OECD Americas: Canada; Chile; Mexico; United States. Source: International Energy Agency, Monthly Oil Statistics, February 2020, Paris, France.,
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. —Alberta Premier Alison Redford.
The government of Canada is awarding approximately C$5 million (US$4.7 For dewatering the company has agreements in place with two technology providers and, through inVentures, has access to an organic sieve technology for removing water from the algae oil. Dr. O’Leary.
The Royal Society of Canada (RSC)—the country’s national academy of the arts, humanities and sciences—has released an expert panel report on the environmental and health impacts of the Canadian oil sands industry. Environmental and Health Impacts of Canada’s Oil Sands Industry.
Oil production growth from the United States, Brazil, Canada and Norway can keep the world well supplied, more than meeting global oil 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.
The conclusion of the successful open season confirmed strong market support for a pipeline with approximately 900,000 bbl/d of firm, long-term contracts to transport crude oil from the oil sands area in Western Canada to Eastern Canadian refineries and export terminals.
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. New energy efficiency requirements will reduce GHGs emissions from international shipping.
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.
Air Canada is operating its first flight with biofuel today to highlight the airline's commitment to the environment. The flight is supported by Airbus and is part of an environmental demonstration by the International Civil Aviation Organization (ICAO) to coincide with the Rio +20 United Nations Conference on Sustainable Development.
The Canadian Minister of Transport Lisa Raitt announced a suite of amendments to Canada’s Transportation of Dangerous Goods Regulations (TDGR), including a ban on transporting lithium metal batteries as cargo on passenger flights in Canada. New United Nations (UN) product numbers for petroleum sour crude oil and biomedical waste.
Both scientific research and industrial experience have found that bitumen-derived crude oil (i.e., crude from the oil sands) is no more corrosive in transmission pipelines than other crudes, according to Natural Resources Canada (NRC). In the absence of water, the crude oil is noncorrosive. —ASTM G205.
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. Suncor’s view of market access for its oil sands products. Source: Suncor. Click to enlarge.
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.
On 6 December, Canada filed a submission to define the outer limits of its expanded continental shelf area in the Atlantic Ocean with the Commission on the Limits of the Continental Shelf. What we want to do is claim the biggest geographic area possible for Canada.”. Canada became party to UNCLOS on 7 December 2003.
In pursuit of the development, laboratory scale units were developed and operated in Canada and in France at IFPEN facilities in Lyon where Dynamotive’s bio-oil was upgraded to synthetic hydrocarbons. Dynamotive on its part will cooperate in provisioning pyrolysis oil to IFPEN for the development program. Earlier post.).
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.
GM will introduce the 2013 Chevrolet Spark minicar at the Los Angeles International Auto Show. In the United States and Canada, the Spark will be powered by a 1.2L 2L features technologies such as dual continuous variable cam phasing, electronically controlled thermostat and low-friction engine oil. lb-ft (111 N·m).
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 study indicates that Canada can implement much stronger climate policies than the US and still prosper economically.
ConocoPhillips has entered into definitive agreements with subsidiaries of China-based Sinopec International Petroleum Exploration and Production Company (SIPC) to sell its 9.03% interest in Syncrude for $4.65 The company anticipates 20% CAGR from 2007 to 2019 to almost 300 million barrels of oil equivalent.
quadrillion Btu in 2040 in AEO2014 , reflecting the impacts of increased foreign trade on international shipping and higher incomes on recreational boating. Domestic crude oil production increases sharply in the AEO2014 Reference case, with annual growth averaging 0.8 Pipeline exports to Canada grow by 1.2% Tcf in 2012 to 3.1
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.
Due to the collapse in oil prices, IHS Markit expects US producers are in the process of curtailing about 1.75 The oil market fear that characterized March and the extreme price pressure that producers felt in April have galvanized producers across North America into unprecedented action. However, nearly 1.4
Williams has signed a new long-term gas processing agreement with a Canadian oil sands producer. The propane recovered will be sold into the local propane market and would potentially be used as feedstock at Williams’ proposed propane dehydrogenation (PDH) facility in Canada.
Change in primary oil demand by sector and region in the central New Policies Scenario, 2010-2035. Under the WEO 2011 central scenario, oil demand rises from 87 million barrels per day (mb/d) in 2010 to 99 mb/d in 2035, with all the net growth coming from the transport sector in emerging economies. Click to enlarge. billion in 2035.
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 oil sands project. Carbonic anhydrase is the most powerful catalyst known for the hydration of CO 2 —i.e., Carley, Geert F. 2012.10.016.
A consortium led by Canada-based Western Hydrogen Ltd. million investment from Sustainable Development Technology Canada to support the development and commercialization of a new hydrogen manufacturing technology called Molten Salt Catalyzed Gasification (MSG), originally developed at the US Idaho National Laboratory (INL).
The Government of Canada will purchase Kinder Morgan’s Trans Mountain Pipeline system and the expansion project (TMEP) for C$4.5 billion); Kinder Morgan has agreed to work with the Government of Canada to seek a third-party buyer for the Trans Mountain Pipeline system and TMEP. billion (US$3.46 Earlier post.) Earlier post.)
billion to be split equally between the joint venture partners and funded from internal cash flows provided by DGD. —Joe Gorder, Valero Chairman and Chief Executive Officer, To produce renewable diesel, Diamond Green Diesel first pretreats used cooking oil and inedible animal fats to remove impurities. billion gallons per year.
Williams plans to build a pipeline in Alberta, Canada, to transport natural gas liquids (NGL) and olefins from its extraction plant in Fort McMurray to its Redwater processing facility. The new 12-inch proposed pipeline will provide additional capacity for Suncor liquids, as well as natural gas liquids from other oil-sands producers’ off-gas.
Suncor is targeting 1 million barrels per day output in 2020, with its growth in the oil sands underpinned by its alliance with Total. Canada-based Suncor Energy Inc., Approximately 80% of that production will be from the oil sands. In addition, Suncor has entered into a strategic partnership with Total E&P Canada Ltd.,
World petroleum and other liquid fuels consumption will increase 38% by 2040, spurred by increased demand in the developing Asia and Middle East, according to the Reference Case projections in International Energy Outlook 2014 ( IEO2014 ), released by the US Energy Information Administration (EIA). oil sands, either diluted or upgraded).
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).
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.
Meeting the goal of cutting US oil dependence depends largely on two things, Obama said: finding and producing more oil at home, and reducing dependence on oil with cleaner alternative fuels and greater efficiency. The Administration is pushing the oil industry to produce on leases already held.
The patent-pending technology, developed at PNNL, has been licensed exclusively by Moselle Technologies, a start-up business that is piloting the technology in several US and international locations. Oil and gas extraction across the US and Canada pumps subsurface water to the surface as part of the extraction process.
An analysis of the US refining sector, based on linear programming (LP) modeling, finds that refining plausibly high volumes of Canadian oil sands 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.
As one of the outcomes of the “Three Amigos” meeting in Ottawa, Canada Prime Minister Justin Trudeau, US President Barack Obama, and Mexico President Enrique Peña Nieto committed to an “ambitious and enduring” North American Climate, Clean Energy, and Environment Partnership. 50% clean power target.
Worldwide energy consumption will grow by 53% between 2008 and 2035 with much of the increase driven by strong economic growth in the developing nations, especially China and India, according to the reference case in the newly released International Energy Outlook 2011 (IEO2011) from the US Energy Information Administration (EIA).
Devon and BP will also form a heavy oil joint venture to develop BP’s Kirby oil sands leases in Alberta, Canada. In order to facilitate the oil sands joint venture, Devon will acquire 50% of BP’s interest in the Kirby oil sands leases. The Whiting upgrade is planned to come on-stream in 2012.
The US and Canada have submitted a proposal to the International Maritime Organization (IMO) for the designation of an Emission Control area (ECA) around their coastlines in which stringent international emission controls would apply to ocean-going ships. Chart of the proposed North American Emission Control Area.
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