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

Green Car Congress

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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Government of Canada to buy Trans Mountain Pipeline System and Expansion Project for C$4.5B, resume planing and construction

Green Car Congress

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. On 29 November 2016, the Government of Canada granted approval for the Trans Mountain Expansion Project. billion (US$3.46

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Opinion: The Shale Delusion: Why The Party’s Over For US Tight Oil

Green Car Congress

The party is over for tight oil. Despite brash statements by US producers and misleading analysis by Raymond James, low oil prices are killing tight oil companies. Reports this week from IEA and EIA paint a bleak picture for oil prices as the world production surplus continues. OPEC and US crude oil production.

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Opinion: Oil Megaprojects Won’t Stay On The Shelf For Long

Green Car Congress

One casualty of the oil price downturn could be the megaproject. For years, as conventional oil reserves depleted and became increasingly hard to find, oil companies ventured into far-flung locales to find new sources of production. The collapse of oil prices, however, could kill off the megaproject.

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Chevrolet introduces new Cruze; new 1.4L EcoTec turbo, new 1.6L diesel coming to US in 2017

Green Car Congress

Chevrolet introduced the all-new 2016 Cruze—larger, lighter, and more efficient than its predecessor. The new Cruze will be offered in more than 40 global markets and goes on sale first in North America in early 2016. Variable-flow oil pump enhances efficiency. A new, standard 1.4L Each engine features 74 mm (2.9-inch)

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Watery, Peaceful, Wild: The Call of the Mangroves

Baua Electric

Mangroves, along with other coastal wetlands, “sequester enough carbon each year to offset the burning of over one billion barrels of oil,” according to the Nature Conservancy. The efforts are part of his desire to transform Curaçao into more of a nature-based tourist destination. “We million visitors.

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