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

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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 The line is expected to be capable of accepting initial volumes by early 2015, with its full initial capacity available by 2016. Click to enlarge.

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Suncor targeting 1M barrels per day by 2020, some 80% from oil sands; new strategic alliance with Total

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Suncor is targeting 1 million barrels per day output in 2020, with its growth in the oil sands underpinned by its alliance with Total. Approximately 80% of that production will be from the oil sands. The agreement with Total is an important element of Suncor’s plans to more than double our oil sands production.

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Total to Acquire UTS Corporation and Its 20% Interest in Fort Hills Oil Sands Project for C$1.15B

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a Total subsidiary, has signed an agreement with UTS Energy Corporation (UTS) to acquire UTS Corporation with its main asset, a 20% interest in the Fort Hills oil sands mining project in Alberta, Canada. per share) the cost of the acquisition for Total amounts to approximately CAD 1.15 Total E&P Canada Ltd., billion (US$1.09

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Kinder Morgan to proceed with $5B expansion of Trans Mountain pipeline from Alberta oilsands to west coast

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The 1,150-km (714-mile) Trans Mountain pipeline system (TMPL) is the only pipeline system in North America that transports both crude oil from the oil sands and refined products to the west coast. Only crude oil and condensates are shipped into the United States. Source: Kinder Morgan. Click to enlarge.

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Not So Prolific: US Shale Faces A Reality Check

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The collapse of oil prices has forced the US shale industry to slash production costs. He broke down the cost reductions into a few categories: “One of these factors is high-grading, where operators are drilling only the better acreage,” said Olmstead. We are producing cheap oil today, leaving costly oil for tomorrow.

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