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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). The data suggests that at the extreme, some operations are actually not net energy generating—i.e.,

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

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Cenovus Energy Inc. 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. billion BOE. 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 CAPP forecast. Click to enlarge.

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TransCanada and Phoenix Energy forming JV to develop $3B oil sands pipeline in Alberta

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TransCanada Corporation has entered into binding agreements with Phoenix Energy Holdings Limited (Phoenix) to develop the Grand Rapids Pipeline project in Northern Alberta. The Grand Rapids Pipeline system is expected to be in-service by early 2017, subject to regulatory approvals, with capital spent between 2014 and 2017.

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ExxonMobil brings Kearl oil sands expansion online ahead of schedule; overall capacity doubling to 220K barrels per day

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Exxon Mobil has started production at its Kearl oil sands expansion project in Alberta, Canada ahead of schedule; the expansion is expected to double overall capacity to 220,000 barrels of bitumen a day, with the expansion itself ultimately expected to reach 110,000 barrels per day. Kearl will access approximately 4.6 Earlier post.).

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Gibson Energy and USD Group begin operations at Hardisty Rail Terminal for oil sands crude; to double capacity with phase 2

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Gibson Energy Inc. The companies expect that Phase 2 will double the crude oil loading capacity at the Hardisty Rail Terminal from two (about 140,000 barrels) to four 120-railcar unit trains per day (about 280,000 barrels). The first phase of the jointly developed Hardisty Rail Terminal was successfully commissioned on 30 June 2014.

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IEA: Global oil discoveries and new projects fell to historic lows in 2016 while US shale surged; “two-speed” market

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Global oil discoveries fell to a record low in 2016 as companies continued to cut spending and conventional oil projects sanctioned were at the lowest level in more than 70 years, according to the International Energy Agency, which warned that both trends could continue this year. Oil discoveries declined to 2.4

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