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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

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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.

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

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ConocoPhillips remains active in oil sands production through its Foster Creek, Christina Lake and Surmount SAGD (steam assisted gravity drainage) projects. The company anticipates 20% CAGR from 2007 to 2019 to almost 300 million barrels of oil equivalent. —Jim Mulva, chairman and chief executive officer, ConocoPhillips.

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

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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.

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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.

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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'

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Jeep introduces 2018 Wrangler with mild hybrid, diesel options; plug-in hybrid version in 2020

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A variable displacement two-stage oil pump provides high oil pressure under high speed and load, but switches to a low-pressure mode for improved fuel economy during typical driving conditions. A large capacity oil cooler extends the oil change interval and ensures engine durability. Total displacement is 1,995 cc.

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