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China’s CNOOC to acquire Canada-based Nexen for $15.1B; offshore oil and gas, oil sands, and shale gas

Green Car Congress

CNOOC Limited—China’s largest producer of offshore crude oil and natural gas and one of the largest independent oil and gas exploration and production companies in the world—is acquiring all of the Common Shares of Canada-based energy company Nexen Inc. It is the second-largest oil producer in the UK North Sea.

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

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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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Imperial Oil ups costs of Kearl oil sands initial development 18% to $12.9B

Green Car Congress

Imperial Oil has raised the expected final cost for the Kearl oil sands initial development to $12.9 billion, up 18% from the 2011 figure of $10.9 The Kearl expansion project, sanctioned in 2011 for $8.9 This is up 10% from the prior estimate of $6.20 Start-up of the expansion project is planned in 2015.

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GE to supply water recycling technology for SAGD project in Alberta oil sands; 5th such win in oil sands

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GE’s wastewater evaporation technologies have been selected to improve wastewater recovery at an existing oil sands project near Fort McMurray in Alberta, Canada. In 2012, GE also is scheduled to open a new Heavy Oil Centre of Excellence in Calgary, further building on a strong commitment and presence in the province of Alberta.

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Fluid thermal processing of Mongolian oil sands

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A study by a team from the State Key Laboratory of Heavy Oil Processing, China University of Petroleum found that fluid thermal processing of. il sands is a feasible process for the production of an upgraded bitumen-derived liquid from Inner Mongolian oil sand. Oil sands exploration in Xing’an region.

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Canada and Alberta introduce joint plan for improved environmental monitoring in the oil sands

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Proposed oil sands monitoring by 2015. The Government of Canada and Government of Alberta unveiled “The Joint Canada-Alberta Implementation Plan for Oil Sands Monitoring” in a partnership to improve environmental monitoring in the oil sands region with a program that will sample more sites for more substances more frequently.

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Imperial Oil approves $2B in situ oil sands expansion project

Green Car Congress

Imperial Oil Limited has approved a $2 billion expansion of the company’s Cold Lake in situ oil sands operation in northeastern Alberta. Imperial’s Cold Lake facility is the largest and longest-running in situ oil sands operation in Canada, and includes four steam generation and bitumen production plants.

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