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S&P Global Commodity Insights raises 10-year production outlook for Canadian oil sands

Green Car Congress

Higher crude prices and continued optimization improvements have driven the first upward revision to the S&P Global Commodity Insights 10-year oil sands production outlook in more than half a decade. Higher oil prices have driven record returns for the Canadian oil sands.

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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.

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GE GHG Ecomagination Innovation Challenge for higher value use of low grade waste heat from oil sands production

Green Car Congress

NineSigma, representing the General Electric Company, is inviting participation in a GE GHG Ecomagination Innovation Challenge to create value from excess low grade heat resulting from Steam Assisted Gravity Drainage (SAGD) oil sands production and/or related surface facility operations. Submissions are due 30 September 2014.

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First production from Imperial’s Kearl oil sands project; “about the same” lifecycle GHGs as average of crudes consumed in US

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Imperial Oil Limited has begun the initial development of the Kearl oil sands project ( earlier post ), which incorporates technology innovations to enhance environmental performance. Production of mined diluted bitumen from the first of three froth treatment trains has begun.

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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 Kearl, jointly owned between Imperial Oil (operator) and ExxonMobil Canada, will be one of Canada’s largest open-pit mining operations with regulatory approval for up to 345,000 barrels a day of production.

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Williams to process offgas in Canada’s oil sands; nearly 15,000 bpd of new NGL/olefins production by 2018; producer GHG reductions

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Williams has signed a new long-term gas processing agreement with a Canadian oil sands producer. The NGL/olefins recovered are expected to be approximately 12,000 barrels per day (bpd) by mid-2015 and growing to approximately 15,000 bpd by 2018.

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New lifecycle analysis of WTW GHG emissions of diesel and gasoline refined in US from Canadian oil sands crude

Green Car Congress

In a new, comprehensive study, a team from Argonne National Laboratory, Stanford University and UC Davis ITS has estimated the well-to-wheels (WTW) GHG emissions of US production of gasoline and diesel sourced from Canadian oil sands. g CO 2 e/MJ for US conventional crude oil recovery. This range can be compared to ∼4.4

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