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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.
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. It is the second-largest oil producer in the UK North Sea.
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.).
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.
Both scientific research and industrial experience have found that bitumen-derived crude oil (i.e., crude from the oilsands) is no more corrosive in transmission pipelines than other crudes, according to Natural Resources Canada (NRC). In the absence of water, the crude oil is noncorrosive. —ASTM G205.
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. Environmental and Health Impacts of Canada’s OilSands Industry.
ConocoPhillips has entered into definitive agreements with subsidiaries of China-based Sinopec International Petroleum Exploration and Production Company (SIPC) to sell its 9.03% interest in Syncrude for $4.65 The company anticipates 20% CAGR from 2007 to 2019 to almost 300 million barrels of oil equivalent.
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.
Transmitting oilsands production. Synthetic crude is produced by upgrading bitumen and is a blend of naphtha, distillate and gas oil range materials produced by hydrotreating the naphtha, distillate and gas oil generated in a delayed coking unit.).
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.,
Williams has signed a new long-term gas processing agreement with a Canadian oilsands producer. The offgas processing that Williams pioneered reduces emissions at its customers’ oilsands production facilities. The producer instead burns methane that Williams provides in exchange for the NGL/olefins mixture.
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.
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.
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).
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.
Diluted bitumen has no greater likelihood of accidental pipeline release than other crude oils, according to a new report from the National Research Council (NRC). The NRC committee was not asked to address whether the consequences of a diluted bitumen release differ from those of other crude oils. Earlier post.).
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. Original funding was provided from internal Idaho National Laboratory funds. A consortium led by Canada-based Western Hydrogen Ltd.
Athabasca OilSands Corp. Oilsands projects are very capital-intensive long-term investments and difficult to fully finance in the traditional equity market. As joint venture partners, AOSC and PetroChina International intend to use common in-situ methods to develop their oilsands projects.
Companies in the Fort McMurray area that upgrade bitumen from the oil-sands to synthetic crude currently produce off-gas containing approximately 90,000 barrels per day of natural gas liquids and olefins from oil-sands production. Alan Armstrong , president of Williams’ midstream ’.
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. 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 global oil output capacity could grow by nearly 20% from the current 93 million barrels per day to 110.6 Source: Maugeri 2012.
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. Suncor’s view of market access for its oilsands products. Source: Suncor. Click to enlarge.
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).
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.
Anadarko Petroleum Corporation announced that its Shenandoah-2 well in the deepwater Gulf of Mexico encountered more than 1,000 net feet of oil pay in multiple high-quality Lower Tertiary-aged reservoirs. The well was drilled to test the down-dip extent of the accumulation, and the targeted sands were full to base with no oil-water contact.
However, the organizations point out in their letter , in developing a methodology for calculating emissions from fuel, the Commission has proposed setting just one default emissions value for oil-derived gasoline and one for diesel. Letter to Commissioner Hedegaard.
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
Cobalt International Energy, Inc., an independent oil exploration and production company focusing on the deepwater US Gulf of Mexico and offshore Angola and Gabon, announced a significant oil discovery at its North Platte prospect on Garden Banks Block 959 in the deepwater Gulf of Mexico.
Despite what appears to be a saturated oil market in 2014, oil producers around the world will struggle to meet rising demand over the next few decades. Global oil demand is expected to increase by 37 percent by 2040, with a dominant proportion of that coming from developing countries—i.e. China and India.
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.).
For dewatering the company has agreements in place with two technology providers and, through inVentures, has access to an organic sieve technology for removing water from the algae oil. of Markham, Ontario; POS Pilot Plant from Saskatoon; and the international consortium Carbon2Algae Solutions (C2A). Dr. O’Leary.
Hybrids, which combine an internal combustion engine and an electric motor, are expected to account for about half of global new-car sales by 2040, as they become increasingly cost-competitive compared to conventional vehicles. China will see the largest increase—more than 4 million oil-equivalent barrels per day. Natural gas.
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).
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. is Canada’s only oil-sands off-gas processor. Route of Heartland Hydrogen Pipeline. Click to enlarge.
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 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.
Venezuela state-owned PDVSA and Italy-based Eni are finalizing a planned 60:40 joint venture to produce heavy crude oil in Junin Block 5 in the Orinoco Oil Belt in Venezuela in 2014. Junin 5 is located in the Orinoco Oil Belt, specifically between Guarico and Anzoategui states. Click to enlarge.
Statoil has made the investment decision to develop the Mariner heavy oil field development in the UK North Sea. —Lars Christian Bacher, executive vice president for Development and Production International in Statoil. Both formations yield heavy oil— bordering on extra-heavy oil—of around 12 to 14 degrees API.
The study also highlights the potential for blending GTL diesel in refineries with heavy crudes that require severe hydrotreating, such as Venezuelan heavy crude oil or bitumen derived from Canadian oilsands and/or in jurisdictions with tight aromatic specifications for diesel, such as California. GTL Lubricant Base Oils.
A University of Arizona-led international research team has developed a simple process for making lightweight plastics from elemental sulfur; the team has successfully used a new polymeric sulfur produced via the process as an electrode material for lithium-sulfur batteries. Battery cycling data for poly(S-r-DIB) (10 wt% DIB, C/10 rate).
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. Harmonize global LCFS policies.
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