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

Green Car Congress

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. —Statoil Canada country manager Ståle Tungesvik.

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Canada backs demonstration-scale algal biorefinery project in the oil sands; Algal Carbon Conversion

Green Car Congress

The Government of Canada is supporting a three-year project that will result in the construction of a $19-million, demonstration-scale facility in Alberta that will use algae to recycle industrial carbon dioxide emissions from an oil sands facility into commercial products such as biofuels. Click to enlarge.

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Alberta CCEMC providing $46M for carbon capture and storage and cleaner energy projects in oil sands region

Green Car Congress

Alberta, Canada’s Climate Change and Emissions Management (CCEMC) Corporation is providing C$46 million (US$45 million) in funding to support six new carbon capture and storage and cleaner technology projects in the Canadian oil sands region. Imperial Oil: $10 million for a Cyclic Solvent Process pilot in Cold Lake.

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Suncor targeting 1M barrels per day by 2020, some 80% from oil sands; new strategic alliance with Total

Green Car Congress

Suncor is targeting 1 million barrels per day output in 2020, with its growth in the oil sands underpinned by its alliance with Total. Approximately 80% of that production will be from the oil sands. The agreement with Total is an important element of Suncor’s plans to more than double our oil sands production.

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Genome Alberta Announces Funding for Genomics Project to Reduce Environmental Impact of Oil Sands Production

Green Car Congress

Gerrit Voordouw at the University of Calgary, will sample and explore the biological processes at work in oil wells, oils sands, tailings ponds, and coal beds. In 2007, BP and Synthetic Genomics—founded by genome pioneer J Craig Venter, Ph.D.—entered Genome Alberta announced C$25.2 million (US$22.2 Earlier post.).

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PetroChina to Take 60% Working Interest in Two Oil Sands Projects for C$1.9B

Green Car Congress

Athabasca Oil Sands Corp. Oil sands projects are very capital-intensive long-term investments and difficult to fully finance in the traditional equity market. As joint venture partners, AOSC and PetroChina International intend to use common in-situ methods to develop their oil sands projects. billion (US$1.7

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US Department of the Interior Offering Second Round of Oil Shale Research and Development Leases; Cuts Potential Commercialization Acreage 87.5%

Green Car Congress

The US Department of the Interior (DOI) is offering additional opportunities for energy companies to conduct oil shale research, development and demonstration (RD&D) projects on public lands in Colorado, Utah, and Wyoming. The allotted acreage for commercial development represents an 87.5% Earlier post.) Earlier post.)

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