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Shell will proceed with the first carbon capture and storage (CCS) project for an oilsands operation in Canada. billion Quest project will be built on behalf of the Athabasca OilSands Project joint venture owners (Shell, Chevron and Marathon Oil) and with support from the Governments of Canada and Alberta.
Higher crude prices and continued optimization improvements have driven the first upward revision to the S&P Global Commodity Insights 10-year oilsands production outlook in more than half a decade. Higher oil prices have driven record returns for the Canadian oilsands.
Williams has signed a new long-term gas processing agreement with a Canadian oilsands producer. Williams will extract, transport, fractionate, own and market the natural gas liquids (NGLs) and olefins recovered from the offgas at the producer’s upgrader near Fort McMurray, Alberta.
Imperial Oil Limited has begun the initial development of the Kearl oilsands project ( earlier post ), which incorporates technology innovations to enhance environmental performance. Kearl will be the first oilsands mining operation that does not require an upgrader to make a saleable crude oil.
Suncor is targeting 1 million barrels per day output in 2020, with its growth in the oilsands underpinned by its alliance with Total. Approximately 80% of that production will be from the oilsands. The agreement with Total is an important element of Suncor’s plans to more than double our oilsands production.
The provincial government of Alberta and the federal government of Canada will invest C$865 million (US$822 million) in a large-scale Carbon Capture and Storage (CCS) project in the Athabasca oilsands. Tags: Canada Carbon Capture and Storage (CCS) Oilsands. The project will capture and store up to 1.2
World oil prices remain high in the IEO2011 Reference case, but oil consumption continues to grow; both conventional and unconventional liquid supplies are used to meet rising demand. In the IEO2011 Reference case the price of light sweet crude oil (in real 2009 dollars) remains high, reaching $125 per barrel in 2035.
A team at the University of Calgary (Canada) has compared the energy intensities and lifecycle GHG emissions of unconventional oils (oilsands and oil shale) alongside shale gas, coal, lignite, wood and conventional oil and gas. Earlier post.). —Nduagu & Gates.
In a new, comprehensive study, a team from Argonne National Laboratory, Stanford University and UC Davis ITS has estimated the well-to-wheels (WTW) GHG emissions of US production of gasoline and diesel sourced from Canadian oilsands. g CO 2 e/MJ for US conventional crude oil recovery. This range can be compared to ∼4.4
Exxon Mobil has started production at its Kearl oilsands 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.).
Crude and lease condensate includes tight oil, shale oil, extra-heavy crude oil, field condensate, and bitumen (i.e., oilsands, either diluted or upgraded). oil shale), and refinery gain. OPEC oil producers are the largest source of additional liquid fuel supply between 2010 and 2040.
The Alberta government has successfully negotiated contracts for two projects that will advance the upgrading and refining of oilsands bitumen to diesel fuel. billion barrels of oil from conventional reservoirs throughout the province, potentially generating up to $25 billion in additional provincial royalties and taxes.
Kinder Morgan Energy Partners L.P.and Imperial Oil formed a 50-50 joint venture to build a crude oil rail-loading facility in Strathcona County, Alberta, called the Edmonton Rail Terminal. Accessing new and existing markets is critical for our continued growth and responsible development of Canada’s oilsands.
World oil production capacity to 2020 (crude oil and NGLs, excluding biofuels). Oil production capacity is surging in the United States and several other countries at such a fast pace that global oil output capacity could grow by nearly 20% from the current 93 million barrels per day to 110.6 Source: Maugeri 2012.
billion from Wanxiang to finance and construct the first phase of a coal-to-natural gas facility that ultimately will have an annual production capacity of one trillion cubic feet (1 Tcf) (30 billion cubic meters) per year. billion cubic meters) of annual natural gas output within two years. China Petroleum and Chemical Corp.
Comparison of GHGenius, JACOBS, TIAX, and the new PRELIM gasoline greenhouse gas (GHG) estimates using base case estimates and variations from the scenario analysis. Between 2008 and 2015, it is estimated that more than $15 billion will be spent to add processing capacity specifically for heavy crude blends in US refineries.
To be sited at Jie Yang City, Guangdong Province, the Nanhai refinery will be operational in early 2015, with a capacity to process 400,000 barrels of heavy and extra heavy crude oil per day (400 kbd) from the Orinoco Oil Belt. Oil and Gas Journal (OGJ) pegged Venezuela’s 2011 reserves at 211 billion barrels, up from 99.4
The combined company will be the largest owner and operator of natural gas pipelines and storage assets in North America with approximately 67,000 miles of natural gas transportation pipelines. million barrels per day of gasoline, jet fuel, diesel, natural gas liquids and crude oil through more than 8,000 miles of pipelines.
The Argonne National Laboratory’s Systems Assessment Group has released GREET 2015 models and associated reports. Shale oil: developed energy and GHG emissions intensities of U.S. shale oil production with operation data from Bakken and Eagle Ford plays.
However, both cases result in global CO 2 emissions well above the IEA 450 scenario—a back-cast which illustrates what is required to stabilize greenhouse gas concentrations at 450 ppm. OECD oil demand peaked in 2005 and in 2030 is projected to be roughly back at its level in 1990. Coal will increase by 1.2%
Oil and gas operations in the United States produce about 21 billion barrels of wastewater per year, with accompanying disposal costs of about $5 billion per year. Fracking refers to the process of injecting a slurry of water, sand and chemicals into wells to increase the amount of oil and natural gas produced by the well.
The plants will be based on BTL’s Fast Pyrolysis Oil (FPO) technology which converts biomass to oil through a rapid pyrolysis process. The fast pyrolysis technology mixes biomass particles and hot sand in a reactor which transforms the material into pyrolysis oil.
The party is over for tight oil. Despite brash statements by US producers and misleading analysis by Raymond James, low oil prices are killing tight oil companies. Reports this week from IEA and EIA paint a bleak picture for oil prices as the world production surplus continues. percent in August 2015.
Even as demand increases, the world will continue to become more efficient in its energy use, according to the 2015 Outlook for Energy: A View to 2040. Across OECD nations, the Outlook assumes the implied cost of policies to reduce greenhouse gas emissions will reach about $80 per tonne in 2040.
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
2015 Jeep Renegade. Jeep unveiled the new 2015 Jeep Renegade small SUV at the Geneva Motor Show. Both Jeep Active Drive and Active Drive Low 4x4 systems include the Jeep Selec-Terrain system, providing up to five modes (Auto, Snow, Sand and Mud modes, plus exclusive Rock mode on the Trailhawk model). Click to enlarge.
billion metric tons in 2015 and 40.4 The IEO2009 reference case does not include specific policies to limit greenhouse gas emissions. Total world energy use rises from 472 quadrillion British thermal units (Btu) in 2006 to 552 quadrillion Btu in 2015 and then to 678 quadrillion Btu in 2030. billion metric tons in 2006 to 33.1
The impact of rising oil prices on North American light tight oil (LTO) production is said to be a “Catch 22”, the title of Joseph Heller’s popular 1961 novel set in WWII. Too many analysts continue to believe drilling and service has the same problem with rising oil prices. by David Yager for Oilprice.com.
The report did not address other concerns raised about hydraulic fracturing specifically or about oil and gas exploration and production activities more generally, including acquisition and transport of constituents of hydraulic fracturing fluids besides water (e.g., Water, of variable quality, is a byproduct of oil and gas production.
The “wet” part of a DCT means it uses oil to improve lubrication and cooling. A “dry” DCT does not use oil, but is the more fuel efficient of the two types. The MacPherson struts, coil springs, and gas-pressured shock absorbers up front, and the self-leveling multi-link rear suspension resulted in a composed and even ride.
to conform to future emissions standards, particularly the stringent EU6 standard which will be mandatory in Europe in 2015. Other features include a new, lighter turbocharger/cylinder head assembly; the use of lightweight polymers for the oil pan, and use of aluminum for various screws and fasteners. MQB and MLB. l/100 km) for the 2.5-liter
Oil and gas companies have had a tough time over the past year trying to weather the storm of falling oil prices. Drilling oil and gas wells requires a lot of money. For companies that have seen their revenues vanish because of collapsing oil prices, access to credit is obviously critically important.
GM developed the new engines for the company’s global vehicle portfolio; the engines will power many of the company’s highest-volume small cars and compact crossovers, including the next-generation Chevrolet Cruze specifically tailored for China, which launches in 2014 as a 2015 model. Primary development of the 1.0L turbocharged and 1.5L
On September 10 th , the EIA reported a production decline in the Lower 48—essentially shale production—of 208,000 BOPD (barrels of oil per day). Rather, Goldman Sachs was grabbing all the headlines with its $20 call on oil. Pundits will claim otherwise, suggesting that oil in the 50s or 60s will spur activity.
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