Remove Gas Remove Oil-Sands Remove Production Remove Purchase
article thumbnail

Oil sands company Suncor Energy strengthens its focus on hydrogen and renewable fuels, divesting wind and solar

Green Car Congress

Suncor Energy, a Canadian integrated energy company that is one of the top oil sands producers in the country, will strengthen its focus on hydrogen and renewable fuels to accelerate progress towards its objective to be a net-zero company by 2050. Suncor also plans to divest its wind and solar assets.

Oil-Sands 225
article thumbnail

Oil sands production accounted for 28.8% of total Canadian gas demand in 2016

Green Car Congress

Alberta’s oil sands operations accounted for 28.8% of Canadian natural gas demand in 2016, up from 11.8% From 2005 to 2016, natural gas purchased by oil sands projects more than tripled, from 0.73 In contrast, total Canadian gas demand increased over the same period from 6.17 Bcf/d in 2016.

Oil-Sands 150
article thumbnail

First production from Imperial’s Kearl oil sands project; “about the same” lifecycle GHGs as average of crudes consumed in US

Green Car Congress

Imperial Oil Limited has begun the initial development of the Kearl oil sands project ( earlier post ), which incorporates technology innovations to enhance environmental performance. Production of mined diluted bitumen from the first of three froth treatment trains has begun.

Oil-Sands 231
article thumbnail

Chinas CNOOC to acquire Canadian oil sands producer OPTI for $2.1B

Green Car Congress

an indirect wholly-owned subsidiary of CNOOC, will acquire oil sands 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 oil sands project areas located in the Athabasca region of northeastern Alberta. CNOOC Luxembourg S.a

Oil-Sands 218
article thumbnail

China Investment Corp. and Penn West To Form Oils Sands JV

Green Car Congress

CIC has also agreed to purchase trust units of Penn West on a private placement basis. Under the terms of the agreements to be executed at closing providing for the formation of the Joint Venture, Penn West will contribute the oil sands assets, valued at approximately C$1.8 billion, and will retain a 55% partnership interest.

Oil-Sands 186
article thumbnail

Suncor Energy sells majority of conventional natural gas business in Western Canada for $1B

Green Car Congress

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.

Canada 225
article thumbnail

Study finds plausibly high volumes of Canadian oil sands crudes in US refineries in 2025 would lead to modest increases in refinery CO2 emissions

Green Car Congress

An analysis of the US refining sector, based on linear programming (LP) modeling, finds that refining plausibly high volumes of Canadian oil sands 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.

Oil-Sands 247