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China Qaidam Oil Sands Proven

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Lab tests conducted by PetroChina of oil sands samples obtained in Yousha Mountains at Qaidam basin in northwest China determined that the resource is proven economically feasible for further exploration and development. But the report did not give any detail figure for the total reserve of the oil sands in the project.

Oil-Sands 218
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JAPEX to invest 65-70B in further oil sands development in Canada

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(JAPEX) plans to invest ¥65-70 billion (US$830–893 million) in its Canadian oil sands projects, Chief Executive Osamu Watanabe told Dow Jones Newswires. China’s biggest offshore oil and gas producer, said it will buy Canadian oil-sands developer OPTI Canada Inc. Oil sands production using SAGD.

Oil-Sands 186
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PetroChina to Take 60% Working Interest in Two Oil Sands Projects for C$1.9B

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Athabasca Oil Sands Corp. The projects are located in the centre of the Athabasca area in northeastern Alberta and have been independently assessed to contain approximately five billion barrels of best case contingent bitumen resource. billion (US$1.7 In 2007, Alberta granted China National Petroleum Corp. Earlier post.).

Oil-Sands 150
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Eni licenses EST technology to Sinopec to convert residues to high-quality light products; eliminating pet-coke and fuel oil

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Eni has now sold the licence and basic engineering project to the Chinese company Sinopec for the construction of a refining plant based on EST. The plant will be built at the Sinopec refinery in Maoming, in Guandong province, and is due to be completed by 2020. Eni slurry technology: A new process for heavy oil upgrading.”

Oil 150
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Shell signs new offshore upstream deals with CNOOC and CNPC; China and Gabon

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Shell has signed two offshore oil and gas Production Sharing Contracts (PSCs) with CNOOC, and a PSC amendment with CNPC for a new development phase for the Changbei gas field in China. The two offshore oil and gas PSCs with CNOOC are for blocks 62/02 and 62/17 in the Yinggehai Basin.

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Wanxiang and GreatPoint Energy close $1.25B deal for 1 Tcf/year coal-to-natural-gas plant in Xinjiang; Sinopec to purchase output, building pipeline to east

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GreatPoint Energy and China Wanxiang Holdings have officially closed their investment and partnership agreement which was highlighted during an official signing ceremony between senior US and Chinese government officials in 2012. As part of the transaction, GreatPoint Energy has raised equity investment and secured project funding of $1.25

Coal 225
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Devil in the Details: World Leaders Scramble To Salvage and Shape Copenhagens UNFCCC Climate Summit

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In particular, Prentice seeks to shield Alberta’s emissions-intensive oil sands operations from the effects of emission reductions. Climate change projections authored by Chinese scientists indicate that China’s annual mean air temperature is likely to rise by 1.3 Canada’s 2009 GHG emissions are 48.7%

Climate 236