article thumbnail

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

Oil-Sands 199
article thumbnail

Details on how Enbridge will expand capacity of Alberta Clipper oil sands crude pipeline without US review

Green Car Congress

million barrels per day of crude oil and liquids. The Enbridge Mainline system is the largest conduit of oil into the United States. Enbridge transports 53% of US-bound Canadian production, a figure that accounts for approximately 15% of total US crude oil imports. Enbridge US Mainline West as of August 2014.

Oil-Sands 339
article thumbnail

Enbridge to develop two pipelines for total of $3B in Canadian oil sands

Green Car Congress

Enbridge is developing two pipelines in the Canadian oil sands area for a combined investment of about $3 billion. billion, depending on scope, to meet the needs of multiple producers in the Athabasca oil sands region. The first is a new industry diluent pipeline with associated capital of up to $1.4 Total E&P Canada Ltd.

Oil-Sands 257
article thumbnail

Athabasca Oil Corporation green-lights $536M Hangingstone SAGD oil sands project

Green Car Congress

The Board of Directors of Canada-based Athabasca Oil Corporation has given the go-ahead to the company’s $536-million Hangingstone 1 SAGD (steam-assisted gravity drainage) Project; the company also reaffirmed that its Light Oil Division is on track to meet its year-end production target of 10,000 to 11,000 barrels of oil.

Oil-Sands 199
article thumbnail

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

Green Car Congress

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.

Oil-Sands 170
article thumbnail

Syncrude to Expand Its Oil Sands Synthetic Crude Output to 425,000 Barrels per Day by 2020

Green Car Congress

Canadian Oil Sands Trust, the largest stakeholder (36.74%) in the Syncrude oil sands project, announced plans to increase the synthetic crude oil production capacity at Syncrude Mildred Lake upgrader to 425,000 barrels per day by 2020 from 350,000 now. Marcel Coutu, Canadian Oil Sands’ President and CEO.

Oil-Sands 199
article thumbnail

Ecofys report concludes current European regulations underestimating GHG reductions

Green Car Congress

The study was commissioned by the European Oilseed Alliance (EOA), the European Biodiesel Board (EBB) and the European Vegetable Oil and Proteinmeal Industry (FEDIOL). Even for conventional oil production fields, because larger existing fields get depleted, the extraction efforts increase while smaller fields are taken in operation.

Oil-Sands 236