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Imperial Oil approves $2B in situ oil sands expansion project

Green Car Congress

Imperial Oil Limited has approved a $2 billion expansion of the company’s Cold Lake in situ oil sands operation in northeastern Alberta. Amended regulatory approvals were obtained in 2010 to improve the environmental performance of the Nabiye expansion.

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Oil sands growth to push Canadian crude production to about 4.7M bpd in 2025, up 67% from 2010; in situ production takes lead in 2016

Green Car Congress

Canadian oil sands & conventional production. Oil sands growth will drive Canadian crude oil production to about 4.7 million bpd in 2010—a 67% increase— according to the latest forecast from the Canadian Association of Petroleum Producers (CAPP). million barrels per day (actual) in 2010 up to 3.7

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New study finds GHG emissions from palm oil production significantly underestimated; palm oil biofuels could be more climate-damaging than oil sands fuels

Green Car Congress

Mha (20%) of the peatlands of Peninsular Malaysia, Sumatra and Borneo in 2010, surpassing the area of Belgium and causing an annual carbon emission from peat decomposition of 230–310 Mt CO 2 e. Slightly more than half of the GHG emissions for these biofuels in the EPA’s analysis came from land use change. Earlier post.). —Dr.

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Transcanada restarts Keystone oil sands pipeline operations

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TransCanada Corporation said that its 590,000 barrel-per-day (bpd) capacity Keystone Pipeline system resumed transporting oil sands 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. Click to enlarge. Earlier post.)

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Thailand enters the Canadian oil sands; Statoil selling 40% interest to PTTEP for US$2.28B

Green Car Congress

Statoil has agreed to sell a 40% interest in its oil sands project in Alberta, Canada (Kai Kos Dehseh) to PTT Exploration and Production (PTTEP) of Thailand. The effective date of the transaction is 1 January, 2011. Future development of the oil sands leases will proceed in a stepwise manner.

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Enbridge to twin southern section of its Athabasca oil sands pipeline for about $1.2B

Green Car Congress

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 oil sands crude, with exports targeted for Asia and California.

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Athabasca Oil Sands sells remainder of interest in MacKay River oil sands project to PetroChina for C$680M; PetroChina to be full owner of project

Green Car Congress

Athabasca Oil Sands Corp. has exercised its option to divest its 40% interest in the MacKay River oil sands 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.). Earlier post.).

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