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bp sells its Sunrise oil sands interest to Cenovus, picks up interest in Bay du Nord project

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bp has agreed to sell its 50% interest in the Sunrise oil sands project in Alberta, Canada, to Calgary-based Cenovus Energy, the other owner of the Sunrise project. In Canada, bp will no longer have interests in oil sands production and will shift its focus to future potential offshore growth. 650 water depth.

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Cenovus oil sands production increases 14% in 2013; increasing its rail transport capability

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increased its oil sands production 14% in 2013, from 89,736 barrels per day in 2013 to 102,500 bbls/day in 2013. The increase in production from the company’s oil sands operations in 2013 was largely driven by its Christina Lake project. Expanding market access. Cenovus Energy Inc.

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CAPP forecasts oil sands development still drives steady Canadian oil production growth to 2030

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However, the new forecast represents a slowing of future oil sands production growth compared to the predictions of last year’s forecast. According to CAPP’s 2014 Crude Oil Forecast, Markets and Transportation , total Canadian crude oil production will increase to 6.4 million barrels per day in 2013.

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Suncor Energy cancels Voyageur oil sands upgrader project; acquires Total’s stake

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Suncor Energy is not proceeding with the Voyageur bitumen upgrader project in the Canadian oil sands. The oil market environment in the North America has changed significantly, Total notes. Since 2010, market conditions have changed significantly, challenging the economics of the Voyageur upgrader project.

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Shell to halt 80K bpd Carmon Creek oil sands project

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Royal Dutch Shell plc will not continue construction of the 80,000 barrel per day Carmon Creek thermal in situ oil sands project located in Alberta, Canada. This decision reflects current uncertainties, including the lack of infrastructure to move Canadian crude oil to global commodity markets.

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U. Calgary analysis of energy balances and emissions of SAGD oil sands production finds need for improved processes; some operations not thermally efficient or net generators of energy

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Plot of cumulative steam-to-oil ratio (cSOR) vs. ratio of energy produced in form of chemical energy contained in bitumen if combusted to energy injected in form of steam (75% efficient steam generation). From Gates and Larter (2013). One of the key challenges in producing bitumen and heavy oil is their high, variable viscosity.

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Kinder Morgan increases proposed expansion of Trans Mountain oil sands pipeline to 890,000 bpd

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.: BP Canada Energy Trading Company; Canadian Natural Resources; Canadian Oil Sands Limited; Cenovus Energy Inc.; Devon Canada Corporation; Husky Energy Marketing Inc.; Imperial Oil Limited; Nexen Marketing Inc.; Suncor Energy Marketing Inc.; Statoil Canada Ltd.;

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