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China’s CNOOC to acquire Canada-based Nexen for $15.1B; offshore oil and gas, oil sands, and shale gas

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CNOOC Limited—China’s largest producer of offshore crude oil and natural gas and one of the largest independent oil and gas exploration and production companies in the world—is acquiring all of the Common Shares of Canada-based energy company Nexen Inc. billion cash. The price represents a premium of.

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U Calgary study finds oil shale most energy intensive upgraded fuel followed by in-situ-produced bitumen from oil sands

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A team at the University of Calgary (Canada) has compared the energy intensities and lifecycle GHG emissions of unconventional oils (oil sands and oil shale) alongside shale gas, coal, lignite, wood and conventional oil and gas. Earlier post.). —Nduagu & Gates.

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Understanding the variability of GHG life cycle studies of oil sands production

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In a paper published in the ACS journal Environmental Science & Technology , Stanford University assistant professor Adam Brandt reviews a number of recent life cycle assessment (LCA) studies calculating greenhouse gas (GHG) emissions from oil sands extraction, upgrading, and refining pathways—the results of which vary considerably.

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Shell Starts Up 100K Barrel per Day Expansion in the Canadian Oil Sands

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Shell, as operator of the Athabasca Oil Sands Project (AOSP), announced the successful start of production of a 100,000 barrels per day expansion of its oil sands operations in Canada. — Marvin Odum, Shell Upstream Americas Director and President of Shell Oil Company.

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Alberta publishes report assessing non-combustion uses for bitumen, opens $2M call for projects

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Following a 2017 report that identified potential products that could be made from Alberta oil sands bitumen, this new study identifies the top potential uses to help Alberta diversify its economy outside of conventional fuels and chemical feedstocks. Vanadium is contained within oil sands bitumen in significant quantities (200 ppmw).

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China Investment Corp. and Penn West To Form Oils Sands JV

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Under the terms of the agreements to be executed at closing providing for the formation of the Joint Venture, Penn West will contribute the oil sands assets, valued at approximately C$1.8 billion, and will retain a 55% partnership interest. A wholly-owned subsidiary of Penn West will serve as operator of the assets.

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Researchers Suggest That Although CCS and Other Technologies Could Reduce Oil Sands GHG Emissions to Near Zero, That Strategy May Not Make Sense

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Examples of emerging oil sands related technologies and trade-offs. The paper is an examination of how various choices about the scale of the life cycle analysis applied to oil sands (i.e., The source material is neither oil nor tar but bitumen, but is most generally described as an example of ultraheavy oil.”.

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