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Alabama, Mississippi to assess oil sands resources in their states

Green Car Congress

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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Chinas CNOOC to acquire Canadian oil sands producer OPTI for $2.1B

Green Car Congress

an indirect wholly-owned subsidiary of CNOOC, will acquire oil sands producer OPTI Canada Inc for approximately US$2.1 The principal asset of OPTI consists of a 35% working interest in the Long Lake and three other oil sands project areas located in the Athabasca region of northeastern Alberta. CNOOC Luxembourg S.a

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Utah Water Quality Board upholds issuance of permit for oil sands mine in Utah

Green Car Congress

The Utah Water Quality Board, in a 9-2 vote this week, agreed with the August 2012 recommendations of an administrative law judge (ALJ) upholding a permit-by-rule issued by the Division of Water Quality (DWQ) for the proposed PR Spring an oil sands mine on state land in eastern Utah. USOS bitumen extraction process. Source: USOS.

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Osum Oil Sands closes $500M private placement; new investors include government of Singapore

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Canada-based Osum Oil Sands Corp. billion barrels (net) of Best Estimate Contingent Resources through both acquisitions and additional geological and reservoir work in 2011. The results are providing insights into how to best develop the Grosmont carbonate resource. Credit Suisse Securities (Canada), Inc.,

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IHS Markit: US oil producers to halt 1.75 MMb/d per day of production; Canada to cut 0.5 MMb/d

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Due to the collapse in oil prices, IHS Markit expects US producers are in the process of curtailing about 1.75 The oil market fear that characterized March and the extreme price pressure that producers felt in April have galvanized producers across North America into unprecedented action. However, nearly 1.4

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BC government won’t support Northern Gateway oilsands pipeline as presented over spill response concerns

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Northern Gateway’s West line, 36 inches in diameter, would transport an average of 525,000 barrels of oil sands crude per day to Kitimat. The provincial government has established, and maintains, strict conditions in order for British Columbia to consider the construction and operation of heavy-oil pipelines in the province.

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Federal Judge rules California Low Carbon Fuel Standard violates Commerce Clause of US Constitution

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Judge O’Neill also ruled that California Air Resources Board (ARB) failed to establish that there are no alternative methods to advance its goals of reducing GHG emissions to combat global warming. The Court found that the LCFS discriminates against out-of-state corn-derived ethanol and impermissibly regulates extraterritorial conduct.