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Shell Starts Up 100K Barrel per Day Expansion in the Canadian Oil Sands

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Shell, as operator of the Athabasca Oil Sands Project (AOSP), announced the successful start of production of a 100,000 barrels per day expansion of its oil sands operations in Canada. — Marvin Odum, Shell Upstream Americas Director and President of Shell Oil Company.

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Carbon Capture at Totals Joslyn Oil Sands Project Not Likely Until Around 2020

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Total will not use carbon capture technology in the first phase of its Joslyn North Mine oil sands project, citing excessive cost. In 2009, the company suggested it was considering carbon capture and storage in its oil sands projects in Canada. Edmonton Journal. In July, Total E&P Canada Ltd. Earlier post.).

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Sustainable Development Canada Awards C$6M to Project to Reduce Water and Energy Consumption for Oil Sands Processing; Three Other Projects Supported to Reduce Energy and Environmental Impact of Oil Sands

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million) to the Petroleum Technology Research Centre ( PTRC ) in Regina, Saskatchewan and StatoilHydro Canada for a project to reduce water use and carbon dioxide (CO 2 ) emissions for in situ oil sands recovery by steam-assisted gravity drainage (SAGD). Water use and CO 2 emissions are major challenges for the oil sand industry.

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US State Department Issues Permit for Alberta Clipper Pipeline for Oil Sands Crude Delivery to US

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The US State Department has issued a Presidential Permit to Enbridge Energy, Limited Partnership to enable construction of the Alberta Clipper pipeline for the transport of crude oil from the Canadian oil sands to US refineries. This week, the RFA happened to issue two pieces, each touching on the impact of oil sands production.

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Devon Energy and BP Enter Into $7.0B Property Sales Agreement and Oil Sands Joint Venture

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Devon Energy Corporation has entered into agreements to sell all of its assets in the deepwater Gulf of Mexico, Brazil and Azerbaijan to BP for $7.0 Devon and BP will also form a heavy oil joint venture to develop BP’s Kirby oil sands leases in Alberta, Canada. billion in cash.

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MEG Energy moving ahead with 35,000 barrels per day oil sands expansion; $1.4B estimated total cost

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Canada-based MEG Energy’s board of directors has approved 2011 capital investment of approximately $900 million and the final cost estimate for the 35,000 barrels per day Phase 2B oil sands expansion at the Christina Lake in-situ project. identify additional resource on MEG’s 800 square miles of 100%-owned oil sands leases.

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Osum Oil Sands closes $500M private placement; new investors include government of Singapore

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Canada-based Osum Oil Sands Corp. Osum filed a commercial application and Environmental Impact Assessment for the 35,000 barrel per day Taiga Project at Cold Lake in December 2009 and is targeting regulatory approval in 2012. The financing was led by a combination of new and existing shareholders.

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