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S&P Global Commodity Insights raises 10-year production outlook for Canadian oil sands

Green Car Congress

Higher crude prices and continued optimization improvements have driven the first upward revision to the S&P Global Commodity Insights 10-year oil sands production outlook in more than half a decade. Higher oil prices have driven record returns for the Canadian oil sands.

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S&P Global: absolute GHGs from Canadian oil sands did not increase in 2022 even as production grew

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Absolute greenhouse gas emissions from Canadian oil sands production were flat in 2022 even as total production grew, according to an initial analysis by S&P Global Commodity Insights. Absolute emissions held steady at 81 million metric tons of carbon dioxide (MMTCO2) in 2022 while total production topped 3.1

Oil-Sands 195
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S&P Global report forecasts absolute emissions from Canadian oil sands to decline even as production grows

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By the middle of this decade greenhouse gas (GHG) emissions from Canadian oil sands production should be in decline even as production continues to grow, according to a new comprehensive report by S&P Global Commodity Insights that takes into account current technology trends and production growth.

Oil-Sands 186
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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. Asphalt and asphalt transportability. fly ash and coke).

Oil-Sands 199
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New Study Concludes Substantial Quantities of Greenhouse Gas Emissions from Land-Use Change in the Boreal Forests for Oil Sands Production Are Unreported

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A new study released by Global Forest Watch Canada finds that significant amounts of greenhouse gases are emitted through the disturbance and/or removal of biocarbon (trees, shrubs, peats), which overlay Alberta’s oil sands. Peter Lee, lead author of the report and Executive Director of Global Forest Watch Canada.

Oil-Sands 191
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Researchers describe the “where” and “when” of life cycle emissions from gasoline and ethanol in the US

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Life cycle inventories have typically been presented at global, national, or regional levels—sufficient for understanding global processes such as climate change and fossil fuel depletion, but insufficient for the analysis of local processes such as air pollution, according to the researchers. the contiguous US).

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Argonne study finds shale gas GHG lifecycle emissions 6% lower than natural gas, 23% lower than gasoline and 33% lower than coal; upstream methane leakage a key contributor

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Gasoline section shows results for fuel derived from both conventional oil and oil sands. Expansion bars show the components of fuel production. This allows for greater access to the play and can increase production on a per-well basis. Credit: ACS, Burnham et al. Click to enlarge.

Gas 284