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

Green Car Congress

The US Energy Information Administration (EIA) forecasts that liquid fuels production in Brazil, Canada, and China will increase this year and next, contributing to growth in overall non-OPEC petroleum production. The United States will account for about 60% of the growth in combined liquid fuels production in all non-OPEC countries.

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

Green Car Congress

ConocoPhillips has entered into definitive agreements with subsidiaries of China-based Sinopec International Petroleum Exploration and Production Company (SIPC) to sell its 9.03% interest in Syncrude for $4.65 The company anticipates 20% CAGR from 2007 to 2019 to almost 300 million barrels of oil equivalent.

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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% Background.

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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

IFP Energies nouvelles (IFPEN) and its subsidiary Axens have formed a strategic alliance to develop and to commercialize a new technology for the low cost production of bio-based benzene, toluene and paraxylene using Anellotech’s process of Catalytic Fast Pyrolysis (CFP) of non-food biomass. Anellotech Inc., Earlier post.).

2019 150
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Surprising, Unsettling, Surreal: Roaming Through Saudi Arabia

Baua Electric

These were the early fruits of an $800 billion investment in the travel sector, itself part of a much larger effort, Vision 2030 , to remake the kingdom and reduce its economic dependence on oil. I jogged through the sand to catch up. In February, by contrast, my tourist e-visa was approved online in minutes.