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Statoil postponing Corner oil sands project for minimum of 3 years; rising costs, limited pipeline access

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Statoil will postpone the previously planned Corner field development at the Kai Kos Dehseh (KKD) oil sands 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 StÃ¥le Tungesvik.

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Canada backs demonstration-scale algal biorefinery project in the oil sands; Algal Carbon Conversion

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The Government of Canada is supporting a three-year project that will result in the construction of a $19-million, demonstration-scale facility in Alberta that will use algae to recycle industrial carbon dioxide emissions from an oil sands facility into commercial products such as biofuels. Click to enlarge.

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Suncor targeting 1M barrels per day by 2020, some 80% from oil sands; new strategic alliance with Total

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Suncor is targeting 1 million barrels per day output in 2020, with its growth in the oil sands underpinned by its alliance with Total. Approximately 80% of that production will be from the oil sands. Click to enlarge. Canada-based Suncor Energy Inc., Canada-based Suncor Energy Inc.,

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Genome Alberta Announces Funding for Genomics Project to Reduce Environmental Impact of Oil Sands Production

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Metagenomics for Greener Production and Extraction of Hydrocarbon Energy. This C$11,584,423 project , led by Dr. Gerrit Voordouw at the University of Calgary, will sample and explore the biological processes at work in oil wells, oils sands, tailings ponds, and coal beds. Genome Alberta announced C$25.2 million (US$22.2

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PetroChina to Take 60% Working Interest in Two Oil Sands Projects for C$1.9B

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Athabasca Oil Sands Corp. Oil sands 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 oil sands projects. billion (US$1.7

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US Department of the Interior Offering Second Round of Oil Shale Research and Development Leases; Cuts Potential Commercialization Acreage 87.5%

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The US Department of the Interior (DOI) is offering additional opportunities for energy companies to conduct oil shale research, development and demonstration (RD&D) projects on public lands in Colorado, Utah, and Wyoming. The allotted acreage for commercial development represents an 87.5% Earlier post.) Earlier post.)

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Chevron leveraging information technology to optimize thermal production of heavy oil with increased recovery and reduced costs

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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.

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