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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. billion cash. The price represents a premium of.
New research by the IHS Markit Canadian OilSands Dialogue shows that the combined greenhouse gas (GHG) intensity of Canadian oilsands projects has declined 20% from 2009 levels. The latest data show that the greenhouse gas intensity of Canadian oilsands going down further, continuing a decade-long trend.
Higher crude prices and continued optimization improvements have driven the first upward revision to the S&P Global Commodity Insights 10-year oilsands production outlook in more than half a decade. Higher oil prices have driven record returns for the Canadian oilsands.
Based on visual interpretation of high-resolution (30 m) satellite images, a new study in the journal Global Change Biology: Bioenergy determined that industrial plantations covered over 3.1 When peat swamps are drained for agriculture, the peat begins to decompose, and is an enormous source of carbon emissions. Earlier post.).
In a paper published in the ACS journal Environmental Science & Technology , Stanford University assistant professor Adam Brandt reviews a number of recent life cycle assessment (LCA) studies calculating greenhouse gas (GHG) emissions from oilsands extraction, upgrading, and refining pathways—the results of which vary considerably.
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.,
Absolute greenhouse gas emissions from Canadian oilsands production were flat in 2022 even as total production grew, according to an initial analysis by S&P Global Commodity Insights. The Canadian oilsands have demonstrated a consistent trend of reductions in GHG intensity for the past decade.
has signed an Engineering, Procurement, Construction (EPC) contract with JACOS (Japan Canada OilSands Limited) for a 20,000 bbl/day Steam Assisted Gravity Drainage (SAGD) production processing facility (expandable to 30,000 bbl/day) in the Hangingstone area, near Fort McMurray, Alberta.
By the middle of this decade greenhouse gas (GHG) emissions from Canadian oilsands 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.
Bitumen production from the Canadian oilsands provides a point of reference that could be used to observe and better manage the land and water impacts of a rapid transition to unconventional fuels, suggests Dr. Sarah Jordaan of the Energy Technology Innovation Policy Research Group, Department of Earth and Planetary Sciences, Harvard University.
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.
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.
However, the new forecast represents a slowing of future oilsands 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. In 2013, 1.9
A new study released by Global Forest Watch Canada finds that significant amounts of greenhouse gases are emitted through the disturbance and/or removal of biocarbon (trees, shrubs, peats), which overlay Alberta’s oilsands. Peter Lee, lead author of the report and Executive Director of Global Forest Watch Canada.
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 oilsands facility into commercial products such as biofuels. Click to enlarge.
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.”.
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. Growth is led by developing regions such as China, India, Africa and other emerging economies.
The goal of the initiative is to transform oilsands production processes by developing technologies that address sustainability challenges. The University of Alberta, recognized as a global leader in oilsands research, will work with the Helmholtz Association, a collection of 16 science and technology centers across Germany.
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.
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. North America is expected to witness the highest capex globally, with $254.3
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
Oilsands supply chain. A new report from the Council on Foreign Relations (CFR)— The Canadian OilSands: Energy Security vs Climate Change — claims that prudent greenhouse gas regulations can limit emissions from Canadian oilsands while still enabling robust development of the energy resource.
An analysis of the US refining sector, based on linear programming (LP) modeling, finds that refining plausibly high volumes of Canadian oilsands 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.
A team at the University of Calgary (Canada) has compared the energy intensities and lifecycle GHG emissions of unconventional oils (oilsands and oil shale) alongside shale gas, coal, lignite, wood and conventional oil and gas. Earlier post.). —Nduagu & Gates.
This team is leveraging research in nanotechnology to reduce CO 2 emissions associated with the extraction and upgrading process, and treatment of produced water generated during the oil recovery. The technology is based on naturally occurring zeolites identified by UA.
Two new lifecycle studies have found that direct greenhouse emissions from producing, transporting and refining oil-sands derived crude, while greater on average than those from conventional crudes, can also overlap the conventional crude range, depending upon a number of factors.
GOS is exclusively focused on large-scale mining and processing of the world’s kerogen rich oil shale deposits to oil, with potential for add-on electricity production and associated minerals extraction. Lifecycle GHG for oil shale. Initial oil shale projects for the collaboration include GOS’ 2.18 Earlier post.).
By 2040, hybrids are expected to account for about 35% of the global light-duty vehicle fleet, up from less than 1% in 2010. Hybrids are expected to account for about half of global new-car sales by 2040. Without the projected gains in efficiency, global energy demand could have risen by more than 100%. Source: ExxonMobil.
Gasoline section shows results for fuel derived from both conventional oil and oilsands. However, the range in values for shale and conventional gas overlap, so there is a statistical uncertainty whether shale gas emissions are actually lower than those of conventional natural gas. Click to enlarge.
Profound shifts in the regional distribution of oil demand and supply growth will redefine the refining industry and transform globaloil trade over the next five years, according to the annual Medium-Term Oil Market Report (MTOMR) released by the International Energy Agency (IEA). The oil market is at a crossroads.
Increasing crude processing intensity and energy intensity with worsening oil quality. OQ: Crude feed oil quality. Switching to heavy crude oil and synthetic crude oil derived from oilsands bitumen in refineries could double or triple refinery emissions and add 1.6-3.7 PI: Crude processing intensity.
Exxon Mobil has started production at its Kearl oilsands expansion project in Alberta, Canada ahead of schedule; the expansion is expected to double overall capacity to 220,000 barrels of bitumen a day, with the expansion itself ultimately expected to reach 110,000 barrels per day. Kearl will access approximately 4.6 Earlier post.).
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.
Crude and lease condensate includes tight oil, shale oil, extra-heavy crude oil, field condensate, and bitumen (i.e., oilsands, 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.
The study was commissioned by the European Oilseed Alliance (EOA), the European Biodiesel Board (EBB) and the European Vegetable Oil and Proteinmeal Industry (FEDIOL). Even for conventional oil production fields, because larger existing fields get depleted, the extraction efforts increase while smaller fields are taken in operation.
Suncor Energy is Canada’s leading integrated energy company, with a global team of more than 30,000 people. Suncor’s operations include oilsands development, production and upgrading, offshore oil and gas, and petroleum refining in Canada and the US. blue hydrogen”). A sanctioning decision is expected in 2024.
Following a 2017 report that identified potential products that could be made from Alberta oilsands bitumen, this new study identifies the top potential uses to help Alberta diversify its economy outside of conventional fuels and chemical feedstocks. Vanadium is contained within oilsands bitumen in significant quantities (200 ppmw).
As the world population increases by the estimated 30% from 2010 to 2040, ExxonMobil sees global GDP rising by about 140%, but energy demand by only about 35% due to greater efficiency. The Outlook for Energy provides ExxonMobil’s long-term view of global energy demand and supply. Click to enlarge. Outlook for Energy.
Methane hydrate—natural gas trapped in an ice-like cage of water molecules—occurs in both terrestrial and marine environments. Prior programs in Alaska have explored gas hydrate reservoir potential and alternative production strategies, and additional testing programs are in development. Click to enlarge.
Over the same period, energy intensity, a key measure of energy use per unit of economic output, is set to improve globally led by rapid efficiency gains in the same non-OECD economies, under these projections. OECD oil demand peaked in 2005 and in 2030 is projected to be roughly back at its level in 1990.
Based on the interim results of a new study, MIT researchers are warning smaller nations to proceed with caution in pursuing the development of their natural gas resources. The interim report analyzed the economics of natural gas project development options in Cyprus with a focus on exports. —Sergey Paltsev. 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 globaloil output capacity could grow by nearly 20% from the current 93 million barrels per day to 110.6 Source: Maugeri 2012.
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 The selections include $10.3 The selections include $10.3 million in federal funds.
billion from Wanxiang to finance and construct the first phase of a coal-to-natural gas facility that ultimately will have an annual production capacity of one trillion cubic feet (1 Tcf) (30 billion cubic meters) per year. billion cubic meters) of annual natural gas output within two years. China Petroleum and Chemical Corp.
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