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bp sells its Sunrise oil sands interest to Cenovus, picks up interest in Bay du Nord project

Green Car Congress

bp has agreed to sell its 50% interest in the Sunrise oil sands 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 oil sands production and will shift its focus to future potential offshore growth. 650 water depth. 650 water depth.

Oil-Sands 370
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IEA trims expected growth in oil demand for 2012/2013 by 300K–400K barrels per day

Green Car Congress

The International Energy Agency’s August Oil Market Report (OMR) trims 2012/2013 oil demand expectations by 300-400 thousand barrels per day (kb/d), although annual growth remains in an 800-900 kb/d range both years. This follows baseline data revisions and a weaker economic prognosis for 2012/2013. mb/d in 2013.

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Osum to use Veolia water treatment technologies in in-situ SAGD oil sands project; 93% recovery of produced water

Green Car Congress

Osum Oil Sands Corp. will use water treatment technologies from Veolia Water Solutions & Technologies to process produced water from its Taiga Project at Cold Lake in Alberta. Osum will produce bitumen utilizing the in-situ, Steam Assisted Gravity Drainage (SAGD) process beginning production in 2013.

Oil-Sands 186
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Neste-led project verified 50% methane emission reduction at palm oil mills using belt filter press

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Crude palm oil is one of the more than ten renewable raw materials that Neste uses to produce a range of renewable products, including renewable diesel. Palm oil represents approximately 20% of Neste’s renewable raw material usage annually. A belt filter dewaters by applying pressure to solids to squeeze out the water.

Oil 244
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Univ. of Calgary team developing nanocatalysts for underground upgrading of heavy oil and bitumen; possible “next generation” of oil sands production

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Researchers at the University of Calgary are developing ultra-dispersed (UD) nanocatalysts for the in situ upgrading of heavy oil and bitumen from deep reservoirs. One of the challenges of such an approach is the placement of the catalyst deep into the heavy oil plume by transporting a catalyst suspension through the sand medium.

Oil-Sands 358
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New USGS oil and gas assessment for Bakken and Three Forks formations boosts estimates of recoverable oil two-fold, natural gas three-fold

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The United States Geological Survey (USGS) released an updated oil and gas resource assessment for the Bakken Formation and a new assessment for the Three Forks Formation in North Dakota, South Dakota and Montana, resulting in a two-fold increase in the estimated technically recoverable oil, and a three-fold increase in estimated natural gas.

Oil 257
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Benthic sets new water depth drilling record of 2,776 meters

Green Car Congress

Benthic, a global geosciences company, broke its own water depth record using the Portable Remotely Operated Drill unit 3 (PROD3) seabed drill. PROD is a fully self-contained, remotely operated seabed drilling and geotechnical testing system, capable of operating in water depths to 3000m and investigating subsea bed depths in excess of 130m.

Water 210