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China’s CNOOC to acquire Canada-based Nexen for $15.1B; offshore oil and gas, oil sands, and shale gas

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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.

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Imperial Oil ups costs of Kearl oil sands initial development 18% to $12.9B

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Imperial Oil has raised the expected final cost for the Kearl oil sands initial development to $12.9 billion, up 18% from the 2011 figure of $10.9 Imperial expects production of mined diluted bitumen from the first froth treatment train in this quarter. The Kearl expansion project, sanctioned in 2011 for $8.9

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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 Ståle Tungesvik.

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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

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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.).

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GE to supply water recycling technology for SAGD project in Alberta oil sands; 5th such win in oil sands

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GE’s wastewater evaporation technologies have been selected to improve wastewater recovery at an existing oil sands project near Fort McMurray in Alberta, Canada. The facility utilizes once-through steam generators (OTSGs) to produce steam, which drives the steam assisted gravity drainage (SAGD) process for the production of bitumen.

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Fluid thermal processing of Mongolian oil sands

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A study by a team from the State Key Laboratory of Heavy Oil Processing, China University of Petroleum found that fluid thermal processing of. il sands is a feasible process for the production of an upgraded bitumen-derived liquid from Inner Mongolian oil sand. Oil sands exploration in Xing’an region.

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

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Imperial Oil Limited has approved a $2 billion expansion of the company’s Cold Lake in situ oil sands operation in northeastern Alberta. The expansion, called Nabiye, will bring on additional commercial bitumen production of more than 40,000 barrels per day at Cold Lake.

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