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

Green Car Congress

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). The break-even price of NA shale is estimated at an average of $60-70/boe.

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Statoil postponing Corner oil sands project for minimum of 3 years; rising costs, limited pipeline access

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Statoil will postpone the previously planned Corner field development at the Kai Kos Dehseh (KKD) oil sands project in Alberta, Canada, for a minimum of three years, due in part to rising labor and materials costs and market access issues including limited pipeline access. Visualization of bitumen resource (in green) at KKD.

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Univ. of Calgary team developing nanocatalysts for underground upgrading of heavy oil and bitumen; possible “next generation” of oil sands production

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Researchers at the University of Calgary are developing ultra-dispersed (UD) nanocatalysts for the in situ upgrading of heavy oil and bitumen from deep reservoirs. One of the challenges of such an approach is the placement of the catalyst deep into the heavy oil plume by transporting a catalyst suspension through the sand medium.

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Cenovus oil sands production increases 14% in 2013; increasing its rail transport capability

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increased its oil sands production 14% in 2013, from 89,736 barrels per day in 2013 to 102,500 bbls/day in 2013. The increase in production from the company’s oil sands operations in 2013 was largely driven by its Christina Lake project. Economic bitumen best estimate contingent resources increased 2% from 2012 to 9.8

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US BLM issues draft PEIS for oil shale and oil sands; significantly scales back public land available for commercial leasing

Green Car Congress

The US Bureau of Land Management (BLM) has published the Notice of Availability (NOA) of the Draft Programmatic Environmental Impact Statement (PEIS) and Possible Land Use Amendments for Allocation of Oil Shale and Tar Sands Resources on Lands Administered by the BLM in Colorado, Utah and Wyoming.

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Fluid thermal processing of Mongolian oil sands

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A study by a team from the State Key Laboratory of Heavy Oil Processing, China University of Petroleum found that fluid thermal processing of. il sands is a feasible process for the production of an upgraded bitumen-derived liquid from Inner Mongolian oil sand. Oil sands exploration in Xing’an region.

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Studies find oil sands-derived crude oil no more corrosive in pipelines than other crudes

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Both scientific research and industrial experience have found that bitumen-derived crude oil (i.e., crude from the oil sands) is no more corrosive in transmission pipelines than other crudes, according to Natural Resources Canada (NRC). In the absence of water, the crude oil is noncorrosive. —ASTM G205.

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