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Shell to halt 80K bpd Carmon Creek oil sands project

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Royal Dutch Shell plc will not continue construction of the 80,000 barrel per day Carmon Creek thermal in situ oil sands project located in Alberta, Canada. After careful review of the potential design options, updated costs, and the company’s capital priorities, Shell’s view is that the project does not rank in its portfolio at this time.

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Record $86B in 2011 US oil and gas upstream deals, led by unconventional sector with $62B

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United States M&A activity for upstream oil and gas deals set records in 2011 for both deal values and deal counts, according to PLS, Inc., a provider of information, marketing and advisory services for the oil and gas industry. We expect continued strong activity in oil and liquids-rich resource plays in 2012.

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Researchers Suggest That Although CCS and Other Technologies Could Reduce Oil Sands GHG Emissions to Near Zero, That Strategy May Not Make Sense

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Examples of emerging oil sands related technologies and trade-offs. The paper is an examination of how various choices about the scale of the life cycle analysis applied to oil sands (i.e., The source material is neither oil nor tar but bitumen, but is most generally described as an example of ultraheavy oil.”.

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Inaugural Quadrennial Technology Review report concludes DOE is underinvested in transport; greatest efforts to go to electrification

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The US Department of Energy released its inaugural Quadrennial Technology Review report (DOE-QTR)—an assessment of the Department’s energy technology research and development portfolios. Electrification is the next greatest opportunity to dramatically reduce or eliminate oil consumption in the light-duty vehicle fleet.

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State Department issues Draft Supplemental Environmental Impact Statement on Keystone XL Pipeline: climate change impacts

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The US Department of State (DOS) has released its Draft Supplemental Environmental Impact Statement (SEIS) in response to TransCanada’s May 2012 application for the Keystone XL pipeline that would run from Canada’s oils sands in Alberta to Nebraska. The pipeline would primarily transport crude oil from the WCSB and Bakken regions.

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EIA: China’s use of methanol in liquid fuels has grown rapidly since 2000; >500K bpd in 2016

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This review consisted of a closer look at the refined products markets in China, and also a sectoral analysis of energy use. China has abundant coal resources, and for more than a decade the country has increased its capacity to manufacture methanol using coal as a feedstock.

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IEA WEO-2012 finds major shift in global energy balance but not onto a more sustainable path; identifies potential for transformative shift in global energy efficiency

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The WEO finds that the extraordinary growth in oil and natural gas output in the United States will mean a sea-change in global energy flows. barely rises in OECD countries, although there is a pronounced shift away from oil, coal (and, in some countries, nuclear) towards natural gas and renewables. Oil demand reaches 99.7

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