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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. 650 water depth.

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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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IEA trims expected growth in oil demand for 2012/2013 by 300K–400K barrels per day

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The International Energy Agency’s August Oil Market Report (OMR) trims 2012/2013 oil demand expectations by 300-400 thousand barrels per day (kb/d), although annual growth remains in an 800-900 kb/d range both years. This follows baseline data revisions and a weaker economic prognosis for 2012/2013. mb/d in 2013.

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Osum to use Veolia water treatment technologies in in-situ SAGD oil sands project; 93% recovery of produced water

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Osum Oil Sands Corp. will use water treatment technologies from Veolia Water Solutions & Technologies to process produced water from its Taiga Project at Cold Lake in Alberta. Osum will produce bitumen utilizing the in-situ, Steam Assisted Gravity Drainage (SAGD) process beginning production in 2013.

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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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SOLVE adds a solvent to the steam in SAGD (basic operation depicted above) to reduce energy input and water consumption. The production well extracts the bitumen to surface heavy oil production facilities. SAGD is the predominant in-situ recovery method currently used in Canada’s oil sands. Source: StatoilHydro.

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New USGS oil and gas assessment for Bakken and Three Forks formations boosts estimates of recoverable oil two-fold, natural gas three-fold

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The United States Geological Survey (USGS) released an updated oil and gas resource assessment for the Bakken Formation and a new assessment for the Three Forks Formation in North Dakota, South Dakota and Montana, resulting in a two-fold increase in the estimated technically recoverable oil, and a three-fold increase in estimated natural gas.

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EPA announces winners of the 2013 Presidential Green Chemistry Challenge Awards

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The US Environmental Protection Agency (EPA) announced the winners of the 2013 Presidential Green Chemistry Challenge Awards. This technology will significantly reduce energy usage, water consumption, NO x and SO x emissions, and algae bloom. In the academic category, Professor Richard Wool, University of Delaware, Newark, Del.

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