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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.
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.
The majority (62%) of the plantations were located on the island of Sumatra, and more than two-thirds (69%) of all industrial plantations were developed for oil palm cultivation, with the remainder mostly being Acacia plantations for paper pulp production. Earlier post.). Earlier post.).
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 oilsands technologies with reduced energy use and greenhouse gas emissions. Because we need to be more than a preferred international supplier of energy.
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.
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.
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 oilsands industry. Impacts of greenhouse gas emissions (GHG). Impacts of contaminants on downstream residents.
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 Oil Corporation. OriginOil, Inc.,
Transmitting oilsands production. Synthetic crude is produced by upgrading bitumen and is a blend of naphtha, distillate and gasoil range materials produced by hydrotreating the naphtha, distillate and gasoil generated in a delayed coking unit.).
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.
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 Utah Water Quality Board, in a 9-2 vote this week, agreed with the August 2012 recommendations of an administrative law judge (ALJ) upholding a permit-by-rule issued by the Division of Water Quality (DWQ) for the proposed PR Spring an oilsands mine on state land in eastern Utah. USOS bitumen extraction process. Source: USOS.
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 oilsands leases in Alberta, Canada. In order to facilitate the oilsands joint venture, Devon will acquire 50% of BP’s interest in the Kirby oilsands leases. The Whiting upgrade is planned to come on-stream in 2012.
Hydrogen is necessary in the upgrading of oilsands bitumen into synthetic crude, but it is a costly and carbon-intensive part of the process, given current hydrogen production technologies. MSG converts natural gas into hydrogen with a 23% reduction in GHG emissions compared to steam methane reforming. will receive a $C1.5-million
Athabasca OilSands Corp. has exercised its option to divest its 40% interest in the MacKay River oilsands project to Cretaceous Oilsands Holdings Limited, a wholly owned subsidiary of PetroChina International Investment Limited, for C$680 million (US$672 million) in cash. Earlier post.) Earlier post.).
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.
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 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. Estimated production from this business in 2013 is approximately 42,000 boe/d (90% gas). Source: Suncor.
Comparison of the percent differential for WTW (well-to-wheel) GHGs from gasoline produced from WCSB oilsands using different production processes relative to gasoline produced from reference crudes. The proposed Project is not likely to impact the amount of crude oil produced from the oilsands.
While oil will remain the most widely used fuel, overall energy demand will be reshaped by a continued shift toward less-carbon-intensive energy source as well as steep improvements in energy efficiency in areas such as transportation, where the expanded use of advanced and hybrid vehicles will help push average new-car fuel economy to 48 mpg (4.9
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). oilsands, either diluted or upgraded).
ExxonMobil projects that meeting future energy demand will be supported by more efficient energy-saving practices and technologies; increased use of less-carbon-intensive fuels such as natural gas, nuclear and renewables; as well as the continued development of technology advances to develop new energy sources. liters per 100 km) in 2010.
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.
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.
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.
Article 7a of the directive says lifecycle greenhouse gas emissions from transport fuels must be reduced by 6% by 2020, a move environmental NGOs welcomed when it was agreed upon two years ago. Fuels produced from highly greenhouse-gas-intensive tar sands would thus be treated the same as less damaging sources of oil.
Profound shifts in the regional distribution of oil demand and supply growth will redefine the refining industry and transform global oil 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.
Gas-to-liquids (GTL) process systems boundary with co-product displacement. They considered a single product slate from raw gas: LPG, 8.4%; condensate, 17.8%; GTL Naphtha, 23.1%; GTL diesel, 40.7%; GTL normal paraffin, 2.4%; and GTL lubricant base oils, 7.5%. Credit: ACS, Forman et al. Click to enlarge. Condensate and LPG.
General Synfuels International (GSI), a subsidiary of Earth Search Sciences, Inc., has formed the $10-million “Patriot’s Oil Shale Technology Fund L.P.”, to complete funding of the Phase 1 construction of a full-scale prototype oil shale plant under construction in Rock Springs, Wyoming. Earlier post.).
Development of unconventional energy resources in Alaska—including heavy oil and methane hydrates—could be accelerated under a Memorandum of Understanding (MOU) signed by the state’s Department of Natural Resources (DNR) and the US Department of Energy (DOE).
C2A has been licensed to use an ultra-efficient gas infusion technology for the transfer of CO 2 into liquids for algae feedstock and to remove oxygen that can become toxic to algae. of Markham, Ontario; POS Pilot Plant from Saskatoon; and the international consortium Carbon2Algae Solutions (C2A). Carbon2Algae (C2A). Dr. O’Leary.
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.
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.
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.
However, the US military can play an important role in promoting stability in major oil producing regions and by helping protect the flow of energy through major transit corridors and on the high seas, the reports suggest. Earlier post.). Unless addressed, pipeline security issues will impede investment in Turkey, Bartis suggested.
The new release of the GREET 2 Vehicle-Cycle model includes the following major updates: Steel production pathways are updated with detailed coke production model and blast furnace gas and coke oven gas handling. Alberta mix is defined and used for bitumen recovery and upgrading in oilsand operation.
Earlier in December, Cobalt International Energy announced a significant discovery at its Lontra well in the pre-salt play offshore Angola, in which BP holds a 30% interest. BP also confirmed the recently-announced Pitu oil discovery in the frontier deepwater of the Potiguar basin off Brazil’s equatorial margin, announced by Petrobras.
General Synfuels International (GSI), a wholly-owned subsidiary of Earth Search Sciences, Inc., has secured an exploration agreement for lands in Wyoming and rights to a separate oil shale resource opportunity in Colorado. The process begins by drilling into the body of oil shale and locating a processing inlet conduit within the hole.
However, both cases result in global CO 2 emissions well above the IEA 450 scenario—a back-cast which illustrates what is required to stabilize greenhouse gas concentrations at 450 ppm. OECD oil demand peaked in 2005 and in 2030 is projected to be roughly back at its level in 1990. Coal will increase by 1.2%
Very broadly, they found that an LCFS would buffer the economy against global oil price spikes, trim demand for petroleum, and lessen upward pressure on gas prices. Treat all crude oils as part of the overall pool of transportation fuels. We did not shy away from controversy. We are not advocates.
As oil prices remain unsteady and OPEC continues to make headlines every hour, the world is focused on oil’s immediate future. In a speech made at the Association of International Petroleum Negotiators’ 2017 International Petroleum Summit, Johnston laid out his concerns for the future of oil.
Oil and gas operations in the United States produce about 21 billion barrels of wastewater per year, with accompanying disposal costs of about $5 billion per year. The internal potential generated between the anode and the cathode drives additional salt removal, and the energy can be harvested for electricity and chemical production.
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