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Shell launches commercial operation of Quest carbon capture and storage in Alberta oil sands

Green Car Congress

Using activated amine (ADIP-X), Quest will capture one-third of the CO 2 emissions from Shell’s Scotford Upgrader, which turns oil sands bitumen into synthetic crude that can be refined into fuel and other products. Te Storage zone is a formation called Basal Cambrian Sands (BCS).

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Enbridge to twin southern section of its Athabasca oil sands pipeline for about $1.2B

Green Car Congress

will twin the southern section of its Athabasca Pipeline from the Kirby Lake, Alberta terminal to the Hardisty, Alberta crude oil hub at an estimated cost of approximately C$1.2 billion project, originally proposed in 2005, was seen as a way to diversify markets for oil sands crude, with exports targeted for Asia and California.

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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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Lux Research: Cost of replacing a barrel of produced oil up 350% in 13 years

Green Car Congress

The cost associated with replacing a barrel of produced oil has risen from $6 per barrel in 1998 to $27 per barrel in 2011, according to Lux Research—an increase of 350%. Unconventional oil will be a key area of focus for producers. will be in the oil sands. Cost to replace each barrel of oil produced.

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

Green Car Congress

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

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Fossil Fuel Production Up in 2008 Despite Recession

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World production of fossil fuels—oil, coal, and natural gas—increased 2.9% in 2008 to reach 27.4 million tons of oil equivalent (Mtoe) per day, according to a Worldwatch Institute analysis. Energy prices reflected this shift: oil peaked at $144 per barrel in July, then fell to $34 per barrel in December. Mbpd in 2005.

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Canada awards C$10M to N-Solv to demonstrate solvent-based in-situ bitumen extraction technology; targeting 85% reduction in GHG compared to SAGD with no consumption of process water

Green Car Congress

to support the demonstration of its Bitumen Extraction Solvent Technology (BEST), a low-temperature, primary, in-situ technology to produce the bitumen in oil sands reserves using a pure, condensing solvent. Other members of the consortium are oil sands producer Suncor Energy Inc. Canada is awarding C$10M (US$10.5

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