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IHS Markit: small long-term change for Canadian oil sands despite COVID-19 Shock & largest annual production decline in 2020

Green Car Congress

Canadian oil sands production is expected to decline by nearly 175,000 barrels per day (b/d) in 2020 as a result of COVID-19—the largest annual decline on record. The new forecast by the IHS Markit Oil Sands Dialogue , which takes into account the “COVID-19 shock,” projects Canadian oil sands production to reach 3.8

Oil-Sands 221
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IHS Markit: Canadian oil sands production to be ~1M barrels higher by 2030 but with lower annual growth; boosted by deterioration in Venezuela

Green Car Congress

Canadian oil sands production is set to enter a period of slower annual production growth compared to previous years. Large scale oil sands projects take two, three, four or more years to be brought online and so the reality of a slower pace of investment and growth in the Canadian oil sands is taking shape.

Oil-Sands 170
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ConocoPhillips to Sell Syncrude Oil Sands Stake to Sinopec for $4.65B

Green Car Congress

Potential 2010 dispositions noted at that time includes the company’s ownership interest in Syncrude and the Rex Pipeline; 10% of its Lower 48 and Western Canada portfolio; and its remaining US marketing assets. The company anticipates 20% CAGR from 2007 to 2019 to almost 300 million barrels of oil equivalent.

Oil-Sands 218
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Government of Alberta takes steps to encourage investment in new conventional oil wells

Green Car Congress

The Government of Alberta, Canada, is now allowing curtailed operators to drill new conventional oil wells without being restricted by production limits. Oil production in Alberta in September 2019 was 16.75 Non-conventional (or oil sands) production, which constituted 83.8% —Sonya Savage, Minister of Energy.

Oil 150
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EIA forecasts growing liquid fuels production in Brazil, Canada, and China through 2023

Green Car Congress

Canada’s growth in crude oil and natural gas production during 2022 and 2023 is driven primarily by expanding oil sands and debottlenecking projects. Canada’s growth is due in part to the Enbridge Line 3 crude oil pipeline expansion (760,000 b/d capacity), which became operational in October 2021. million b/d in 2023.

Brazil 259
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Anellotech, IFPEN and Axens partner on bio-aromatics production from non-food biomass; targeting 2019 for industrial implementation

Green Car Congress

The partners expect that the technology will be ready for industrial implementation in 2019. The biomass is rapidly heated, and the resulting gases are immediately converted into hydrocarbons by a proprietary, reusable, sand-like zeolite catalyst. Biomass Biorefinery'

2019 150
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Road Test: 2022 Ford Escape PHEV Titanium FWD

Clean Fleet Report

Running on 87 octane, the front wheels (all-wheel drive is not available) are driven through a Continuously Variable Transmission (CVT) that has five driver selectable drive modes of Eco, Normal, Sport, Slippery and Snow/Sand. While not designed nor marketed as a sports crossover, the handling was solid and confident.

Escape 91