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Oil sands company Suncor Energy strengthens its focus on hydrogen and renewable fuels, divesting wind and solar

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Suncor Energy, a Canadian integrated energy company that is one of the top oil sands producers in the country, will strengthen its focus on hydrogen and renewable fuels to accelerate progress towards its objective to be a net-zero company by 2050. Suncor also plans to divest its wind and solar assets.

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Alabama, Mississippi to assess oil sands resources in their states

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Alabama and Mississippi are forming a partnership to further study the oil sands resources in the two states, Alabama Governor Robert Bentley and Mississippi Governor Phil Bryant announced on Saturday while speaking to the Southern States Energy Board. The most recent shows an estimated 7.5

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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. billion cash. The price represents a premium of.

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Rystad Energy: Oil sands and Arctic most expensive oil resources; NA shale putting on pressure

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Oil and gas consultancy Rystad Energy estimates that oil sands and the Arctic continue to be the most expensive resources, with an average breakeven price of $75-80 per barrel of oil equivalent (boe). Source: Rystad Energy. —Espen Erlingsen, Senior Analyst at Rystad Energy.

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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. Earlier post.).

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Shell completes divestment of oil sand interests in Canada; retains Scotford refinery and plants

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Royal Dutch Shell plc announced the completion of two previously announced agreements by Shell Canada Energy, Shell Canada Limited and Shell Canada Resources (Shell) that will see Shell sell all its in-situ and undeveloped oil sands interests in Canada and reduce its share in the Athabasca Oil Sands Project (AOSP) from 60% to 10%.

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U. Calgary analysis of energy balances and emissions of SAGD oil sands production finds need for improved processes; some operations not thermally efficient or net generators of energy

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Plot of cumulative steam-to-oil ratio (cSOR) vs. ratio of energy produced in form of chemical energy contained in bitumen if combusted to energy injected in form of steam (75% efficient steam generation). The data suggests that at the extreme, some operations are actually not net energy generating—i.e.,

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