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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. Proton Technologies is commercializing the process.
Imperial Oil has raised the expected final cost for the Kearl oilsands initial development to $12.9 Kearl, jointly owned between Imperial Oil (operator) and ExxonMobil Canada, will be one of Canada’s largest open-pit mining operations with regulatory approval for up to 345,000 barrels a day of production.
Researchers at the University of Alberta (Canada) have quantified the transformation of the boreal landscape by open-pit oilsands mining in Alberta, Canada to evaluate its effect on carbon storage and sequestration. Oilsands mining and reclamation cause massive loss of peatland and stored carbon. —Rooney et al.
Secretary of the Interior Ken Salazar last week announced the Department of the Interior’s final plan for encouraging research, development and demonstration (RD&D) of oil shale and oilsands resources on Bureau of Land Management (BLM) lands in Colorado, Utah and Wyoming. Earlier post.).
will undertake an expansion of its Athabasca Pipeline to accommodate recent shipping commitments by the Christina Lake oilsands project operated by Cenovus. The estimated cost of the project is approximately $185 million. The estimated cost of the project is approximately $185 million. Enbridge Inc.
Imperial Oil Limited’s board of directors has approved the expansion phase of the Kearl OilSands Project, a surface mining operation under construction northeast of Fort McMurray, Alberta. Imperial Oil’s share of the Kearl OilSands asset is 71%. billion (US$10.6 billion (US$8.7 per barrel.
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. However, the cost of conventional CCS technologies is prohibitive to broad commercial deployment. Canada-based CO 2 Solutions Inc.,
will twin the southern section of its Athabasca Pipeline from the Kirby Lake, Alberta terminal to the Hardisty, Alberta crude oil hub at an estimated cost of approximately C$1.2 billion project, originally proposed in 2005, was seen as a way to diversify markets for oilsands crude, with exports targeted for Asia and California.
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. Edmonton Journal. In July, Total E&P Canada Ltd. Earlier post.).
The width of the pipeline network (green lines) is proportional to CO 2 flow; the largest CO 2 flow is approximately 36 MtCO 2 / yr for the $155/tCO 2 scenario (pipeline leaving the Athabasca oilsands area). Costs are in $US 2011. Credit: ACS, Middleton and Brandt. Click to enlarge. 15 years alone. —Middleton and Brandt.
Examples of emerging oilsands related technologies and trade-offs. The paper is an examination of how various choices about the scale of the life cycle analysis applied to oilsands (i.e., The source material is neither oil nor tar but bitumen, but is most generally described as an example of ultraheavy oil.”.
The project has an estimated cost of $1.3 The Woodland Pipeline Extension is being constructed to serve the Imperial Oil and ExxonMobil Kearl oilsands project and its recently announced expansion. billion to service the increasing requirements of the Alberta oilsands producers.
The report provides nine different Tailings Technology Deployment (TDD) Roadmaps to accelerate the implementation of oilsands tailings solutions in Alberta. After oilsands ore is excavated from the ground (surface mining operations, not in situ production), warm water is added to wash the bitumen off the. sand and clay.
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.
Alberta’s Innovative Energy Technologies Program (IETP) is supporting 5 new pilot projects to reduce energy use, water use and CO 2 emissions in oilsands processing as well as improving the recovery of crude oil and bitumen in reserves that were once unrecoverable. Imperial Oil Ltd., Imperial Oil Ltd. Description.
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.
The project, with an estimated capital cost of $660 million, is a 90-kilometer (56-mile) pipeline system that will transport bitumen and diluent between the Fort Hills oilsands mine site and the Voyageur Upgrader located north of Fort McMurray, Alberta.
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. The total cost of the project is projected to be C$1.35 The project will capture and store up to 1.2 billion (US$1.28
The Board of Directors of Canada-based Athabasca Oil Corporation has given the go-ahead to the company’s $536-million Hangingstone 1 SAGD (steam-assisted gravity drainage) Project; the company also reaffirmed that its Light Oil Division is on track to meet its year-end production target of 10,000 to 11,000 barrels of oil.
The cost associated with replacing a barrel of produced oil has risen from $6 per barrel in 1998 to $27 per barrel in 2011, according to Lux Research—an increase of 350%. Unconventional oil will be a key area of focus for producers. will be in the oilsands. Cost to replace each barrel of oil produced.
The number of active rigs drilling for oil and gas fell by their most in two months, according to the latest data from oil services firm Baker Hughes. There were 19 oil rigs that were removed from operation as of Oct. There are now 1,590 active oil rigs, the lowest level in six weeks. 17, compared to the prior week.
The study also found that any absence of oilsands on the US Gulf Coast would most likely be replaced by imports of heavy crude oil from Venezuela, which has the same carbon footprint as oilsands crude. This indicates that oilsands can grow using rail; it is already happening. Earlier post.). Earlier post.).
a Total subsidiary, has signed an agreement with UTS Energy Corporation (UTS) to acquire UTS Corporation with its main asset, a 20% interest in the Fort Hills oilsands mining project in Alberta, Canada. per share) the cost of the acquisition for Total amounts to approximately CAD 1.15 Total E&P Canada Ltd., billion (US$1.09
Asphalt binder, the sticky “glue” that holds crushed stone and sand together to form pavement, only accounts for about 5% percent of the final hot mix asphalt (HMA) that is steamrolled into glossy new lanes and boulevards. In general, a one-mile road in a rural area costs at least a million dollars to build. —Haifang Wen.
The expansion of the reversed Seaway Pipeline will more than double its capacity to 850,000 barrels per day (bpd) by mid-2014 and transport oil originating in the Canadian oilsands and the US Bakken shale from Cushing, Oklahoma to the US Gulf Coast at Houston, with an extension to Port Arthur/Beaumont. Enbridge Inc.
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.
Using activated amine (ADIP-X), Quest will capture one-third of the CO 2 emissions from Shell’s Scotford Upgrader, which turns oilsands bitumen into synthetic crude that can be refined into fuel and other products. Te Storage zone is a formation called Basal Cambrian Sands (BCS).
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.
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.
The Board of Directors of Marathon Oil Corporation has approved moving forward with plans to spin off Marathon’s downstream business, creating two independent energy companies. Marathon Oil Corporation (MRO) will be a global upstream company based in Houston, Texas. Strengthened ability to attract and retain talent.
Engineers at the University of Pittsburgh Swanson School of Engineering are using membrane distillation technology to enable drillers to filter and reuse the produced water in the oil and gas industry, in agriculture, and other beneficial uses. The method is already being tested in Texas, North Dakota, and most recently in New Stanton, Pa.
This slower growth is attributed to the relatively higher cost of the vehicles, driven by the cost of batteries. China will see the largest increase—more than 4 million oil-equivalent barrels per day. The outlook projects that oil and natural gas will continue to meet about 60% of energy needs by 2040. Natural gas.
to support the demonstration of its Bitumen Extraction Solvent Technology (BEST), a low-temperature, primary, in-situ technology to produce the bitumen in oilsands reserves using a pure, condensing solvent. Other members of the consortium are oilsands producer Suncor Energy Inc. Canada is awarding C$10M (US$10.5
The US Department of Energy’s (DOE) Office of Fossil Energy (FE) has selected 11 research projects that will help find ways to extract more energy from unconventional oil and gas resources while reducing environmental risks for awards totalling $12.4 million of cost-share provided by the recipients in addition to the $2.1
Source: “Hidden Costs of Energy”. Source: “Hidden Costs of Energy”. The committee also separately derived a range of values for damages from climate change; the wide range of possibilities for these damages made it impossible to develop precise estimates of cost. Damages are expressed in cents per VMT (2007 USD).
Northern Gateway’s West line, 36 inches in diameter, would transport an average of 525,000 barrels of oilsands crude per day to Kitimat. The provincial government has established, and maintains, strict conditions in order for British Columbia to consider the construction and operation of heavy-oil pipelines in the province.
has secured an exploration agreement for lands in Wyoming and rights to a separate oil shale resource opportunity in Colorado. Collectively, the agreements will allow the company to test and develop the company’s in situ superheated air gasification process to recover hydrocarbons from oil shale, oilsands and heavy oil.
But these are just the costs of lifting oil out of the ground. State-owned oil companies often have many more responsibilities than just producing oil. They underpin generous spending levels by their governments, and thus any estimate of a “breakeven” price should include the cost of those obligations.
The five different fuel groups were those derived: from conventional petroleum; from unconventional petroleum; synthetically from natural gas, coal, or combinations of coal and biomass via the FT process; renewable oils; and alcohols. million bpd. Reduced GHG impact. Certain HRJ and FT fuels are able to reduce the GHG emissions from aviation.
Pratt & Whitney Rocketdyne and Alberta Energy Research Institute (AERI) of Canada are working together to develop advanced gasification technology aimed at decreasing the cost and environmental impact of processing Alberta’s oilsands. Pratt & Whitney Rocketdyne is a United Technologies Corp.
World production of fossil fuels—oil, coal, and natural gas—increased 2.9% million tons of oil equivalent (Mtoe) per day, according to a Worldwatch Institute analysis. Energy prices reflected this shift: oil peaked at $144 per barrel in July, then fell to $34 per barrel in December. Oil production reached 10.7
On September 10 th , the EIA reported a production decline in the Lower 48—essentially shale production—of 208,000 BOPD (barrels of oil per day). Rather, Goldman Sachs was grabbing all the headlines with its $20 call on oil. Pundits will claim otherwise, suggesting that oil in the 50s or 60s will spur activity.
Only if all these factors are taken into account is the cost of heat and electricity reduced and GHG emissions fully mitigated, they suggested. They estimated a yield of 851 GJ/ha/year biodiesel and coproducts in the form of oilcake (689 GJ/ha/year) and glycerol (89 GJ/ha/year), based on the assumption of an initial 30% oil content (22.5
The 1,150-km (714-mile) Trans Mountain pipeline system (TMPL) is the only pipeline system in North America that transports both crude oil from the oilsands and refined products to the west coast. Only crude oil and condensates are shipped into the United States. Source: Kinder Morgan. Click to enlarge.
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