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

Green Car Congress

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. Cenovus Energy Inc. billion BOE.

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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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Univ. of Calgary team developing nanocatalysts for underground upgrading of heavy oil and bitumen; possible “next generation” of oil sands production

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Researchers at the University of Calgary are developing ultra-dispersed (UD) nanocatalysts for the in situ upgrading of heavy oil and bitumen from deep reservoirs. One of the challenges of such an approach is the placement of the catalyst deep into the heavy oil plume by transporting a catalyst suspension through the sand medium.

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Average carbon intensity of oil sands production has dropped ~36% in last 40 years; still 12-24% higher than conventional oil CI

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In situ production began in 1974, so no value is computable for 1970. The carbon intensity (CI) of Alberta oil sands production has significantly decreased over the last 40 years, according to a new study by a team from Stanford University published as an open access paper in the journal Environmental Research Letters.

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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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Cenovus achieves first production at Christina Lake Phase D oil sands expansion ahead of schedule

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is producing oil from phase D at its Christina Lake oil sands operation approximately three months ahead of schedule and within budget. Production at Christina Lake in August averaged more than 61,000 barrels per day (bbls/d) gross, an increase of nearly 4,000 bbls/d when compared to production in the second quarter.

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