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IEA: record oil output from US, Brazil, Canada and Norway to keep global markets well supplied

Green Car Congress

Oil production growth from the United States, Brazil, Canada and Norway can keep the world well supplied, more than meeting global oil demand growth through 2020, but more investment will be needed to boost output after that, according to the International Energy Agency’s latest annual report on oil markets. mb/d in 2017.

Brazil 218
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Governments of Canada & Québec award $76.5M to AE Côte-Nord Canada Bioenergy for renewable fuel oil from forest residues w/ Ensyn RTP

Green Car Congress

The Governments of Canada and Québec will provide $76.5 million in funding to AE Côte-Nord Canada Bioenergy Inc. for the production of renewable fuel oil (RFO) from forest residues. million gallons US) of renewable fuel oil per year. Production of renewable fuel oil is set to begin in 2017.

Canada 150
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TransCanada to proceed with $12B, 1.1M barrel/day Energy East oil pipeline project to Eastern Canada

Green Car Congress

The conclusion of the successful open season confirmed strong market support for a pipeline with approximately 900,000 bbl/d of firm, long-term contracts to transport crude oil from the oil sands area in Western Canada to Eastern Canadian refineries and export terminals. Energy East Pipeline conceptual route map.

Canada 207
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Alberta Innovates & NRCan awarding $26.2M to three oil sands clean tech projects; industry kicking in $43.3M

Green Car Congress

Alberta Innovates has teamed up with Natural Resources (NRCan) and industry partners to take three clean oil sands technologies to commercial demonstration. This announcement is a result of NRCan’s Oil and Gas Clean Tech Program. The three industry partners, Cenovus Energy, Field Upgrading, and MEG Energy are investing $43.3

Oil-Sands 150
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Supply Crunch Or Oil Glut: Investment Banks Can’t Agree

Green Car Congress

shale has thrown in another unknown in the mix of factors driving the price of oil. This year, shale output forecasts combine with OPEC’s production cuts, geopolitical factors, and unexpected outages to further complicate supply/demand and oil price forecasts by Wall Street’s major investment banks. In recent years, U.S. shale output.

Oil 150
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Kinder Morgan, Imperial Oil to build Edmonton crude oil rail terminal; $270M investment

Green Car Congress

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. —Bill Henderson, vice-president for Kinder Morgan Canada Terminals. —Rich Kruger.

Oil 231
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UK, Iran team develops new materials to improve enhanced oil recovery

Green Car Congress

A new class of materials which are suitable agents for displacing oil in enhanced oil recovery operations has been developed by scientists at Swansea University (UK) and scientists at Islamic Azad University in Iran. Barron reported their find in the ACS journal Industrial & Engineering Chemistry Research. —Prof.

Iran 150