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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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Details on how Enbridge will expand capacity of Alberta Clipper oil sands crude pipeline without US review

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million barrels per day of crude oil and liquids. The Enbridge Mainline system is the largest conduit of oil into the United States. Enbridge transports 53% of US-bound Canadian production, a figure that accounts for approximately 15% of total US crude oil imports. km) south of the US-Canada border for delivery to Superior.

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Enbridge to develop two pipelines for total of $3B in Canadian oil sands

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Enbridge is developing two pipelines in the Canadian oil sands area for a combined investment of about $3 billion. billion, depending on scope, to meet the needs of multiple producers in the Athabasca oil sands region. Total E&P Canada Ltd. Total E&P Canada Ltd. The second is a new $1.6-billion Enbridge Inc.

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JAPEX delaying final investment decision for Hangingstone oil sands project

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JAPEX), will postpone making a final investment decision (FID) for the Hangingstone Oil Sands Expansion Project ( earlier post ) in Alberta Province, Canada, based on a longer-than-expected approval process with the Alberta authorities. Japan Petroleum Exploration Co.,

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IHS-CERA concludes “no material impact” on US GHG from Keystone XL; heavy crude from Venezuela most likely replacement

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The study also found that any absence of oil sands on the US Gulf Coast would most likely be replaced by imports of heavy crude oil from Venezuela, which has the same carbon footprint as oilsands crude. This indicates that oil sands can grow using rail; it is already happening. Earlier post.). Earlier post.).

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Gibson Energy and USD Group begin operations at Hardisty Rail Terminal for oil sands crude; to double capacity with phase 2

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and USD Group LLC have commenced successful operations at the Hardisty Rail Terminal, near Alberta, Canada. The companies expect that Phase 2 will double the crude oil loading capacity at the Hardisty Rail Terminal from two (about 140,000 barrels) to four 120-railcar unit trains per day (about 280,000 barrels). Gibson Energy Inc.

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State Department releases Keystone XL Final Supplemental Environmental Impact Statement

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Incremental well-to-wheels GHG emissions from WCSB Oil Sands Crudes Compared to Well-to-Wheels GHG Emissions from Displacing Reference Crudes Click to enlarge. Domestic production of crude oil has increased significantly, from approximately 5.5 That portion of the pipeline has already been built. million bpd in 2010 to 6.5

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