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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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U Calgary study finds oil shale most energy intensive upgraded fuel followed by in-situ-produced bitumen from oil sands

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A team at the University of Calgary (Canada) has compared the energy intensities and lifecycle GHG emissions of unconventional oils (oil sands and oil shale) alongside shale gas, coal, lignite, wood and conventional oil and gas. This is not the same as crude oil occurring naturally in shales, as in the Bakken.

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Understanding the variability of GHG life cycle studies of oil sands production

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In a paper published in the ACS journal Environmental Science & Technology , Stanford University assistant professor Adam Brandt reviews a number of recent life cycle assessment (LCA) studies calculating greenhouse gas (GHG) emissions from oil sands extraction, upgrading, and refining pathways—the results of which vary considerably.

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China Investment Corp. and Penn West To Form Oils Sands JV

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Under the terms of the agreements to be executed at closing providing for the formation of the Joint Venture, Penn West will contribute the oil sands assets, valued at approximately C$1.8 billion, and will retain a 55% partnership interest.

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Researchers Suggest That Although CCS and Other Technologies Could Reduce Oil Sands GHG Emissions to Near Zero, That Strategy May Not Make Sense

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Examples of emerging oil sands related technologies and trade-offs. The paper is an examination of how various choices about the scale of the life cycle analysis applied to oil sands (i.e., The source material is neither oil nor tar but bitumen, but is most generally described as an example of ultraheavy oil.”.

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Alberta publishes report assessing non-combustion uses for bitumen, opens $2M call for projects

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Following a 2017 report that identified potential products that could be made from Alberta oil sands bitumen, this new study identifies the top potential uses to help Alberta diversify its economy outside of conventional fuels and chemical feedstocks. Vanadium is contained within oil sands bitumen in significant quantities (200 ppmw).

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US DOE seeking accelerated development of unconventional energy resources in Alaska’s Arctic

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Development of unconventional energy resources in Alaska—including heavy oil and methane hydrates—could be accelerated under a Memorandum of Understanding (MOU) signed by the state’s Department of Natural Resources (DNR) and the US Department of Energy (DOE).

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