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Titanium Corporation Inc. 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. Earlier post.). Dr. Moran also collaborated with Dr.
Twelve of Canada’s oilsands producers have formed a new alliance, Canada’s OilSands Innovation Alliance (COSIA), focused on accelerating the pace of improving environmental performance in Canada’s oilsands through collaborative action and innovation. The released water is recovered and recycled.
Shell will proceed with the first carbon capture and storage (CCS) project for an oilsands operation in Canada. billion Quest project will be built on behalf of the Athabasca OilSands Project joint venture owners (Shell, Chevron and Marathon Oil) and with support from the Governments of Canada and Alberta.
Total will not use carbon capture technology in the first phase of its Joslyn North Mine oilsands project, citing excessive cost. In 2009, the company suggested it was considering carbon capture and storage in its oilsands projects in Canada. In July, Total E&P Canada Ltd. Earlier post.).
Japan-based TOYO Engineering Corporation, through its Canadian subsidiary TOYO Engineering Canada Ltd., TOYO has performed major projects in the global oil 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.
million) to the Petroleum Technology Research Centre ( PTRC ) in Regina, Saskatchewan and StatoilHydro Canada for a project to reduce water use and carbon dioxide (CO 2 ) emissions for in situ oilsands recovery by steam-assisted gravity drainage (SAGD). Burning natural gas produces CO 2 emissions. Other SDTC awards.
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. The tar sands are estimated (e.g.,
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. Canada-based CO 2 Solutions Inc., Carbonic anhydrase is the most powerful catalyst known for the hydration of CO 2 —i.e., Carley, Geert F. 2012.10.016.
Shell, as operator of the Athabasca OilSands Project (AOSP), announced the successful start of production of a 100,000 barrels per day expansion of its oilsands operations in Canada. — Marvin Odum, Shell Upstream Americas Director and President of Shell Oil Company.
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 oilsands to US refineries. This week, the RFA happened to issue two pieces, each touching on the impact of oilsands production.
an indirect wholly-owned subsidiary of CNOOC, will acquire oilsands producer OPTI Canada Inc for approximately US$2.1 The principal asset of OPTI consists of a 35% working interest in the Long Lake and three other oilsands project areas located in the Athabasca region of northeastern Alberta. CNOOC Luxembourg S.a
Titanium Corporation Inc. has been awarded the final of the three core Canadian patents on its oilsands tailings technology. Titanium’s pilot achieved recoveries of 82% of residual bitumen from the oilsands tailings stream and 98% of the solvents. Earlier post.) —Scott Nelson, Titanium’s President and CEO.
TransCanada Corporation has entered into binding agreements with Phoenix Energy Holdings Limited (Phoenix) to develop the Grand Rapids Pipeline project in Northern Alberta. The system will have the capacity to move up to 900,000 barrels per day of crude oil and 330,000 barrels per day of diluent.
the developer of a process for harvesting algae and cleaning up oil & gas water, announced that its second original equipment manufacturer’s (OEM) agreement will target oil service companies in the Canadian oilsands market. LH was an early private investor in Athabasca OilCorporation.
Williams has signed a new long-term gas processing agreement with a Canadian oilsands producer. Williams will extract, transport, fractionate, own and market the natural gas liquids (NGLs) and olefins recovered from the offgas at the producer’s upgrader near Fort McMurray, Alberta.
Pembina Pipeline Corporation has completed. 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. Nipisi heavy crude and Mitsue condensate pipeline systems. Dotted green.) Source: Pembina.
Penn West Energy Trust has entered into an agreement with a wholly-owned subsidiary of the China Investment Corporation (CIC) to form a joint venture that will develop Penn West’s bitumen assets located in the Peace River area of northern Alberta. CIC has also agreed to purchase trust units of Penn West on a private placement basis.
Suncor is targeting 1 million barrels per day output in 2020, with its growth in the oilsands underpinned by its alliance with Total. Approximately 80% of that production will be from the oilsands. The agreement with Total is an important element of Suncor’s plans to more than double our oilsands production.
Alberta, Canada’s Climate Change and Emissions Management (CCEMC) Corporation is providing C$46 million (US$45 million) in funding to support six new carbon capture and storage and cleaner technology projects in the Canadian oilsands region. Imperial Oil: $10 million for a Cyclic Solvent Process pilot in Cold Lake.
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%.
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.,
Devon Energy Corporation has entered into agreements to sell all of its assets in the deepwater Gulf of Mexico, Brazil and Azerbaijan to BP for $7.0 Devon and BP will also form a heavy oil joint venture to develop BP’s Kirby oilsands leases in Alberta, Canada. billion in cash.
Imperial Oil Limited’s board of directors approved the first phase of the Kearl oilsands project, a surface mining operation northeast of Fort McMurray, Alberta. Imperial is an affiliate of Exxon Mobil Corporation, which owns 69.6% of the outstanding shares.
GE is partnering with the University of Alberta (UA) and Alberta Innovates Technology Futures (AITF) on a $4 million CO 2 capture project supported by the Climate Change and Emissions Management (CCEMC) Corporation. The technology is based on naturally occurring zeolites identified by UA.
Increased activity in the Exploration and Production (E&P) sector will be the primary driver in pushing oil and gas capital expenditure (capex) to $1.039 trillion for 2012, according to the latest report by business intelligence firm GlobalData. GlobalData predicts Asia-Pacific to follow very closely with a capex of $253.1
When it takes up to four million pounds of sand to frack a single well, it’s no wonder that demand is outpacing supply and frack sand producers are becoming the biggest behind-the-scenes beneficiaries of the American oil and gas boom. says the output of wells is up to 30% higher when they are blasted with more sand.
USGS is the only provider of publicly available estimates of undiscovered technically recoverable oil and gas resources of the world. These new estimates are for conventional oil and gas resources only. Geological Survey (USGS) released today. —USGS Director Marcia McNutt. The US imported approximately 11.4
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. The Energy East Pipeline could eliminate Canada’s reliance on higher priced crude oil currently being imported, TransCanada suggests.
Exxon Mobil Corporation plans to invest approximately $185 billion over the next five years to develop new supplies of energy to meet expected growth in demand, Chairman and CEO Rex W. A total of 21 major oil and gas projects will begin production between 2012 and 2014. billion oil equivalent barrels.
Exxon Mobil Corporation’s new The Outlook for Energy: A View to 2040 , released last week, projects that global energy demand in 2040 will be about 30% higher than it was in 2010 as population grows to 9 billion and global GDP doubles. Light duty vehicle fleet by type and average fuel efficiency. Source: ExxonMobil Outlook.
Exxon Mobil Corporation called for the adoption of a systematic hydraulic fracturing fluid disclosure program in Europe to provide further information to communities, policymakers and regulators about natural gas development technologies. Tillerson, chairman and CEO of Exxon Mobil Corporation. —Rex W.
Estimated inventories of methane emissions from the natural gas production sector, excluding processing and transmission. A team of researchers from UT Austin’s Cockrell School of Engineering and environmental testing firms URS and Aerodyne Research completed measurements at 190 natural gas production sites across the United States.
Kinder Morgan Energy Partners L.P.and Imperial Oil formed a 50-50 joint venture to build a crude oil rail-loading facility in Strathcona County, Alberta, called the Edmonton Rail Terminal. Accessing new and existing markets is critical for our continued growth and responsible development of Canada’s oilsands.
The Board of Directors of Marathon OilCorporation has approved moving forward with plans to spin off Marathon’s downstream business, creating two independent energy companies. Marathon OilCorporation (MRO) will be a global upstream company based in Houston, Texas. Superior transparency and improved investor focus.
Pending confirmation through future appraisal drilling, the total hydrocarbons initially in place in the Mad Dog field complex are now estimated to be up to four billion barrels of oil equivalent. interest, Chevron Corporation, through its subsidiary Union Oil Company of California, has a 15.6% BHP Billiton has a 23.9%
Encana Oil & Gas (USA) Inc., a subsidiary of Encana Corporation, says it strongly disagrees with the US Environmental Protection Agency’s (EPA) preliminary conclusions on fracking in its draft report related to the groundwater study in the Pavillion natural gas field of Wyoming. Earlier post.)
Chevron Corporation has sanctioned development of its $4-billion Big Foot project in the deepwater US Gulf of Mexico. The development will utilize a dry tree Extended Tension Leg Platform with an on-board drilling rig and have production capacity of 75,000 barrels of oil and 25 million cubic feet of natural gas per day.
TransCanada Corporation is moving forward with the 1.1 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 oilsands area in Western Canada to Eastern Canadian refineries and export terminals.
Inter Pipeline Fund has entered into a binding agreement with Canexus Corporation to transport bitumen blend to Canexus’ unit train rail loading operations near Bruderheim, Alberta. Inter Pipeline is a major petroleum transportation, natural gas liquids extraction, and bulk liquid storage business based in Calgary.
Air Products will supply hydrogen by pipeline to Shell Canada Energy; Sherritt International Corporation; and Williams Energy (Canada) Inc. Sherritt International Corporation is a diversified natural resource company. will use Air Products’ hydrogen to treat certain olefinic synthetic gas liquids at its Redwater Fractionation facility.
billion oil-equivalent barrels—the bulk of it from Canadian oilsands—replacing 103% of production. These additions assume the long-term pricing basis that the corporation uses to make its investment decisions, rather than single-day, year-end pricing. billion oil-equivalent barrels. billion oil-equivalent barrels.
Noble’s discovered resources in the Eastern Mediterranean now totals nearly 40 trillion cubic feet of natural gas. The Tamar SW well offshore Israel, testing a new exploration prospect, encountered approximately 355 feet of net natural gas pay within the targeted Miocene intervals. Noble Energy, Inc. with 20 percent.
KMI) and El Paso Corporation on Sunday announced a definitive agreement whereby KMI will acquire all of the outstanding shares of EP in a transaction that will create the largest midstream and the fourth-largest energy company in North America with an enterprise value of approximately $94 billion and 80,000 miles of pipelines.
To be sited at Jie Yang City, Guangdong Province, the Nanhai refinery will be operational in early 2015, with a capacity to process 400,000 barrels of heavy and extra heavy crude oil per day (400 kbd) from the Orinoco Oil Belt. Oil and Gas Journal (OGJ) pegged Venezuela’s 2011 reserves at 211 billion barrels, up from 99.4
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