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Canadian researchers have developed a large-scale economical method to extract hydrogen from oilsands (natural bitumen) and oil fields. This can be used to power hydrogen-powered vehicles, which are already marketed in some countries, as well as to generate electricity. Proton Technologies is commercializing the process.
Average values for WTW GHG emissions for oilsands and other crudes, tight boundary. When the oilsands products refined in the United States are considered—a mixture of oilsands and lower-carbon blending components—the GHG emissions are, on average, 9% higher than the average crude processed in the US.
bp has agreed to sell its 50% interest in the Sunrise oilsands project in Alberta, Canada, to Calgary-based Cenovus Energy, the other owner of the Sunrise project. In Canada, bp will no longer have interests in oilsands production and will shift its focus to future potential offshore growth.
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.
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.).
Statoil has agreed to sell a 40% interest in its oilsands project in Alberta, Canada (Kai Kos Dehseh) to PTT Exploration and Production (PTTEP) of Thailand. Production volumes from the partnership will continue to be handled and marketed by Statoil Canada Ltd. The effective date of the transaction is 1 January, 2011.
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.
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.
increased its oilsands production 14% in 2013, from 89,736 barrels per day in 2013 to 102,500 bbls/day in 2013. The increase in production from the company’s oilsands operations in 2013 was largely driven by its Christina Lake project. Expanding market access. Cenovus Energy Inc. billion BOE. billion BOE.
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.,
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 oilsandsmarket. LH was an early private investor in Athabasca Oil Corporation. OriginOil, Inc.,
million) to the Petroleum Technology Research Centre ( PTRC ) in Regina, Saskatchewan and StatoilHydro Canada for a project to reduce water use and carbon dioxide (CO 2 ) emissions for in situ oilsands recovery by steam-assisted gravity drainage (SAGD). Water use and CO 2 emissions are major challenges for the oilsand industry.
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.
will twin the southern section of its Athabasca Pipeline from the Kirby Lake, Alberta terminal to the Hardisty, Alberta crude oil hub at an estimated cost of approximately C$1.2 billion project, originally proposed in 2005, was seen as a way to diversify markets for oilsands crude, with exports targeted for Asia and California.
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
Statoil will postpone the previously planned Corner field development at the Kai Kos Dehseh (KKD) oilsands project in Alberta, Canada, for a minimum of three years, due in part to rising labor and materials costs and market access issues including limited pipeline access. —Statoil Canada country manager Ståle Tungesvik.
Suncor Energy is not proceeding with the Voyageur bitumen upgrader project in the Canadian oilsands. The oilmarket environment in the North America has changed significantly, Total notes. Since 2010, market conditions have changed significantly, challenging the economics of the Voyageur upgrader project.
Canadian oilsands production is expected to decline by nearly 175,000 barrels per day (b/d) in 2020 as a result of COVID-19—the largest annual decline on record. The new forecast by the IHS Markit OilSands Dialogue , which takes into account the “COVID-19 shock,” projects Canadian oilsands production to reach 3.8
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
Speaking at the at the University of Toronto’s Hart House Alumni Dinner Series, Canada Minister of Natural Resources, Joe Oliver, emphasized the pivotal role that Canada’s oilsands will continue to play in the country’s energy future. New energy markets and infrastructure offer tremendous benefits to Canada and Canadians.
In an interview with the Toronto Star , US Ambassador to Canada David Jacobson said that if the US is looking for “ long-term safe and secure sources of energy, Canada, and therefore the oilsands, need to be part of it. all means the United States simply can’t afford to demonize the oilsands, Jacobson says.
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.
Potential 2010 dispositions noted at that time includes the company’s ownership interest in Syncrude and the Rex Pipeline; 10% of its Lower 48 and Western Canada portfolio; and its remaining US marketing assets. The company anticipates 20% CAGR from 2007 to 2019 to almost 300 million barrels of oil equivalent.
Canadian oilsands & conventional production. Oilsands growth will drive Canadian crude oil production to about 4.7 The forecast sees oilsands production rising from 1.5 Canadian and US crude oil pipelines—all proposals. Growth Case: Western Canada oilsands & conventional production.
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.
TransCanada and Phoenix will each own 50% of the proposed $3-billion pipeline project that includes both a crude oil and a diluent line to transport volumes approximately 500 kilometers (311 miles) between the oilsands producing area northwest of Fort McMurray and the Edmonton/Heartland region.
.: BP Canada Energy Trading Company; Canadian Natural Resources; Canadian OilSands Limited; Cenovus Energy Inc.; Devon Canada Corporation; Husky Energy Marketing Inc.; Imperial Oil Limited; Nexen Marketing Inc.; Suncor Energy Marketing Inc.; Statoil Canada Ltd.;
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.
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.
The collaboration will tackle issues surrounding the production of petrochemicals from Alberta’s oilsands. Adams noted America is the biggest market for Canadian oil. Smalley Institute for Nanoscale Science and Technology. The MOU grew out of Stelmach’s missions to Texas in 2008 and 2009, where he met with Texas Gov.
Canadian oilsands production has fully recovered from last year’s “COVID-19 Shock”—the largest contraction of upstream production in Canadian history—and has exceeded pre-pandemic levels. The latest forecast by the IHS Markit OilSands Dialogue expects Canadian oilsands production to reach 3.6
Growth of production of Canadian oilsands. The Canadian oilsands are now poised to become the number one source of US crude oil imports in 2010, according to new research from the IHS CERA Canadian OilSands Dialogue. The Role of Canadian OilSands in US Oil Supply”.
Royal Dutch Shell plc announced the completion of two previously announced agreements by Shell Canada Energy, Shell Canada Limited and Shell Canada Resources (Shell) that will see Shell sell all its in-situ and undeveloped oilsands interests in Canada and reduce its share in the Athabasca OilSands Project (AOSP) from 60% to 10%.
GS Engineering & Construction (GS E&C) has selected GE to supply the produced water evaporation and zero liquid discharge (ZLD) system for the Blackgold OilSands project, located near Conklin, Alberta. Blackgold is owned and operated by a subsidiary of the Korean National Oil Corp. A subsidiary of the Korean National Oil Corp.
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.
World oil prices remain high in the IEO2011 Reference case, but oil consumption continues to grow; both conventional and unconventional liquid supplies are used to meet rising demand. In the IEO2011 Reference case the price of light sweet crude oil (in real 2009 dollars) remains high, reaching $125 per barrel in 2035.
The study also found that any absence of oilsands on the US Gulf Coast would most likely be replaced by imports of heavy crude oil from Venezuela, which has the same carbon footprint as oilsands crude. This indicates that oilsands can grow using rail; it is already happening. Earlier post.). Earlier post.).
Canadian oilsands production is set to enter a period of slower annual production growth compared to previous years. Large scale oilsands projects take two, three, four or more years to be brought online and so the reality of a slower pace of investment and growth in the Canadian oilsands is taking shape.
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.
Imperial Oil Limited’s board of directors approved the first phase of the Kearl oilsands project, a surface mining operation northeast of Fort McMurray, Alberta. Imperial Oil is one of Canada’s largest corporations and a leading member of the country’s petroleum industry. of the outstanding shares.
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. This is not the same as crude oil occurring naturally in shales, as in the Bakken.
A separate stream of high-pressure carbon dioxide, ready for sequestration or enhanced oil recovery, can be captured at a lower cost due to the higher operating pressures relative to conventional gasification technologies. Oilsands operators use Steam Methane Reforming (SMR) to produce hydrogen from natural gas.
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.
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.
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