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

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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.

Oil-Sands 199
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Total to Acquire UTS Corporation and Its 20% Interest in Fort Hills Oil Sands Project for C$1.15B

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a Total subsidiary, has signed an agreement with UTS Energy Corporation (UTS) to acquire UTS Corporation with its main asset, a 20% interest in the Fort Hills oil sands mining project in Alberta, Canada. per share) the cost of the acquisition for Total amounts to approximately CAD 1.15 Total E&P Canada Ltd., billion (US$1.09

Oil-Sands 186
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General Synfuels to Test In-Situ Oil Shale Gasification Technology in Wyoming and Colorado

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has secured an exploration agreement for lands in Wyoming and rights to a separate oil shale resource opportunity in Colorado. Collectively, the agreements will allow the company to test and develop the company’s in situ superheated air gasification process to recover hydrocarbons from oil shale, oil sands and heavy oil.

Wyoming 150
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Chevron leveraging information technology to optimize thermal production of heavy oil with increased recovery and reduced costs

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Chevron’s focus on optimizing the thermal management of the Kern River field has resulted in a steady drop in the steam:oil ratio (barrels steam water per barrel oil), resulting in improved economics of the field even with slowly declining production. Data: California DOGGR. Click to enlarge. Source: Chevron. Click to enlarge.

Chevron 244
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National Academies Report Examines Hidden Cost of Energy Production and Use in US; Estimates $120B in 2005

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Damages are expressed in cents per VMT (2007 USD). Source: “Hidden Costs of Energy”. Source: “Hidden Costs of Energy”. The committee also separately derived a range of values for damages from climate change; the wide range of possibilities for these damages made it impossible to develop precise estimates of cost.

2005 246
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Devil in the Details: World Leaders Scramble To Salvage and Shape Copenhagens UNFCCC Climate Summit

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However, the slow pace of negotiations spurred UNFCCC delegates to publish a “roadmap to Copenhagen” in December 2007 at the 13 th Congress in Bali, in an effort to accelerate the progress of those negotiations.

Climate 236
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Alberta to Host Underground Coal Gasification Demo; Update on Linc Chinchilla UCG In Australia

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In 2007, BP and Lawrence Livermore National Laboratory (LLNL) have signed a technical agreement to work cooperatively on the development of UCG technology for the in-situ conversion of coal deposits into fuels and other products. Earlier post.).

Coal 150