article thumbnail

ConocoPhillips to Sell Syncrude Oil Sands Stake to Sinopec for $4.65B

Green Car Congress

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 transaction is anticipated to close in the third quarter of 2010 once Canadian and Chinese government approvals are obtained.

Oil-Sands 218
article thumbnail

Osum Oil Sands closes $500M private placement; new investors include government of Singapore

Green Car Congress

Canada-based Osum Oil Sands Corp. has entered into definitive agreements with a group of investors to issue, on a private placement basis, $500 million in equity securities. The SAGD (steam assisted gravity drainage) pilot project at Saleski began operations in December 2010.

Oil-Sands 210
article thumbnail

New petroleum refining lifecycle model finds the variability in GHG emissions from refining different crudes as significant as magnitude expected in upstream operations

Green Car Congress

PRELIM uses a more comprehensive range of crude oil quality and refinery configurations than used in earlier models and can quantify energy use and greenhouse gas (GHG) emissions with detail and transparency the better to inform policy analysis, the duo suggests. By 2010 this fraction had increased to 15%. Click to enlarge.

Oil-Sands 236
article thumbnail

Stanford, UC Santa Cruz study explores ramifications of demand-driven peak to conventional oil

Green Car Congress

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).

Oil 207
article thumbnail

BP Energy Outlook 2030 sees emerging economies leading energy growth to 2030; global CO2 emissions from energy well above IEA 450 scenario

Green Car Congress

Between 2010 to 2030 the contribution to energy growth of renewables (solar, wind, geothermal and biofuels) is seen to increase from 5% to 18%. Natural gas is projected to be the fastest growing fossil fuel, and coal and oil are likely to lose market share as all fossil fuels experience lower growth rates. Coal will increase by 1.2%

Energy 210
article thumbnail

Tailings Technology Roadmap project releases nine development roadmaps for treatment of oil sands fine tailings

Green Car Congress

The report provides nine different Tailings Technology Deployment (TDD) Roadmaps to accelerate the implementation of oil sands tailings solutions in Alberta. After oil sands ore is excavated from the ground (surface mining operations, not in situ production), warm water is added to wash the bitumen off the. sand and clay.

Oil-Sands 199
article thumbnail

Electric Car Manufacturers Inspire New Paradigms -- Seeking Alpha

Tony Karrer Delicious EVdriven

before 2010. 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. You also repeat the "peak oil" argument that Ive been reading since the 60s. We have oil! Think Bakken and Alberta sands.