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Suncor Energy, a Canadian integrated energy company that is one of the top oilsands 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.
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
Alberta’s oilsands operations accounted for 28.8% of Canadian natural gas demand in 2016, up from 11.8% From 2005 to 2016, natural gaspurchased by oilsands 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.
Imperial Oil Limited has begun the initial development of the Kearl oilsands project ( earlier post ), which incorporates technology innovations to enhance environmental performance. Kearl will be the first oilsands mining operation that does not require an upgrader to make a saleable crude oil.
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 oilsands assets, valued at approximately C$1.8 billion, and will retain a 55% partnership interest.
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.
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.
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.
Investment into emerging oil and gas E&P (exploration and production) technologies, which were nearly non-existent in 2003, at just $57 million, have attracted nearly $7 billion in private investment from 497 unique transactions, according to a new report from Lux Research, “ Investing in Next Generation Oil and Gas Technologies ”.
The total purchase price, including the assumption of debt outstanding at El Paso Corporation and including the debt outstanding at El Paso Pipeline Partners, L.P. Pipelines are connected to many important natural gas shale plays including Eagle Ford, Marcellus, Utica, Haynesville, Fayetteville and Barnett. billion cubic feet per day.
The Alberta government has successfully negotiated contracts for two projects that will advance the upgrading and refining of oilsands bitumen to diesel fuel. billion barrels of oil from conventional reservoirs throughout the province, potentially generating up to $25 billion in additional provincial royalties and taxes.
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.
CNOOC is 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. Canada-based Nexen Inc. —Marvin Romanow, Nexen’s President and CEO. Earlier post.).
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. For CTL, life-cycle GHG emissions would roughly double.
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.).
It discriminates both on its face, and as applied, against transportation fuels and fuel feedstocks imported from outside of California with the intended effect of (i) promoting in-state production of transportation fuels, and (ii) “keep[ing] consumer dollars local by reducing the need to make fuel purchases from beyond [California’s] borders.”.
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.
In contrast to arguments that peak conventional oil production is imminent due to physical resource scarcity, a team from Stanford University and UC Santa Cruz has examined the alternative possibility of reduced oil use due to improved efficiency and oil substitution. 2010, to above 140 $/bbl in constant 2010 dollars).
When we turn up the heat in our homes and workplaces, we must balance our personal need for warmth with the global impact of burning fossil fuels like oil, gas, coal, and biomass. The hot air is circulated through a network of pipes inside a sand-filled heat storage vessel. There is nothing special here!” Eronen says, laughing.
The finalists for both the US $100 million XPrize for Carbon Removal and the $35 million Carbon Dioxide Removal Purchase Pilot Prize from the U.S. How Captura Removes Carbon from the Ocean To maintain equilibrium, Earths oceans and atmosphere constantly exchange CO 2 gas. Big funding entities support these ideas.
It can dramatically reduce the volume of discarded materials and waste being sent to landfill each year, it also reduces the need for production using new or raw materials which means a reduction in air pollution, water pollution, greenhouse gas emissions and often a conservation of global resources. Reduce food miles & minimise waste.
These underwater sand dunes adorn the seafloor between Andros Island and the Exuma islands in the Bahamas. The company can then take steps to prevent a disastrous incident, such as someone puncturing a gas pipeline while construction is taking place nearby. Both offer free access to a wide range of open data.
market for sustainable “green” energy purchases. I bet a used Stanley Steamer didn’t fetch much in 1925 when gas stations made it to every street corner. Several global indicators on the supply of oil and the known carbon pollution environmental damages its caused all lead us to find cleaner ways of transportation.
GM killed that car because of back room deals with oil companies, and now they expect us to believe that they are just so cutting edge now? Ive found it facinating how car commercials changed the main MPG number they promoted before gas went over $4 a gallon as city miles. Ill never purchase one again, no matter what the mpgs.
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