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Researchers develop large-scale, economical method to extract hydrogen from oil sands and oil fields

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Canadian researchers have developed a large-scale economical method to extract hydrogen from oil sands (natural bitumen) and oil fields. The process can extract hydrogen from existing oil sands reservoirs, with huge existing supplies found in Canada and Venezuela.

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IHS Markit: Canadian oil sands production exceeds pre-pandemic levels, but lower than prior projections

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Canadian oil sands production has fully recovered from last year’s “COVID-19 Shock”—the largest contraction of upstream production in Canadian history—and has exceeded pre-pandemic levels. The latest forecast by the IHS Markit Oil Sands Dialogue expects Canadian oil sands production to reach 3.6

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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

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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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Shell Canada and Caterpillar to explore LNG fueling options for oil sands mining trucks

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Shell Canada and Caterpillar have signed an agreement to test a new dual fuel engine and fuel mix using liquefied natural gas (LNG) that could reduce operating costs and lead to reduced emissions from oil sands mining in northern Alberta.

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Canada backs demonstration-scale algal biorefinery project in the oil sands; Algal Carbon Conversion

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The Government of Canada is supporting a three-year project that will result in the construction of a $19-million, demonstration-scale facility in Alberta that will use algae to recycle industrial carbon dioxide emissions from an oil sands facility into commercial products such as biofuels. Click to enlarge.

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Statoil postponing Corner oil sands project for minimum of 3 years; rising costs, limited pipeline access

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Statoil will postpone the previously planned Corner field development at the Kai Kos Dehseh (KKD) oil sands project in Alberta, Canada, for a minimum of three years, due in part to rising labor and materials costs and market access issues including limited pipeline access. billion in cash.

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Imperial Oil ups costs of Kearl oil sands initial development 18% to $12.9B

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Imperial Oil has raised the expected final cost for the Kearl oil sands initial development to $12.9 Kearl, jointly owned between Imperial Oil (operator) and ExxonMobil Canada, will be one of Canada’s largest open-pit mining operations with regulatory approval for up to 345,000 barrels a day of production.

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