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

Green Car Congress

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. In 2013, 1.9

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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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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). One of the key challenges in producing bitumen and heavy oil is their high, variable viscosity. From Gates and Larter (2013).

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

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TransCanada and Phoenix will each own 50% of the proposed $3-billion pipeline project that includes both a crude oil and a diluent line to transport volumes approximately 500 kilometers (311 miles) between the oil sands producing area northwest of Fort McMurray and the Edmonton/Heartland region.

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JAPEX to invest 65-70B in further oil sands development in Canada

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(JAPEX) plans to invest ¥65-70 billion (US$830–893 million) in its Canadian oil sands projects, Chief Executive Osamu Watanabe told Dow Jones Newswires. China’s biggest offshore oil and gas producer, said it will buy Canadian oil-sands developer OPTI Canada Inc. Earlier Wednesday, CNOOC Ltd.,

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Athabasca Oil Sands sells remainder of interest in MacKay River oil sands project to PetroChina for C$680M; PetroChina to be full owner of project

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Athabasca Oil Sands Corp. has exercised its option to divest its 40% interest in the MacKay River oil sands project to Cretaceous Oilsands Holdings Limited, a wholly owned subsidiary of PetroChina International Investment Limited, for C$680 million (US$672 million) in cash. Earlier post.) Earlier post.). properties.

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NETL field study of PA fracking site finds no evidence of upward gas and fluid migration into aquifers

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The US Department of Energy’s National Energy Technology Laboratory (NETL) has released a technical report on the results of a limited field study that monitored a hydraulic fracturing operation in Greene County, PA for upward fracture growth out of the target zone and upward gas and fluid migration.

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