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Oil sands company Suncor Energy strengthens its focus on hydrogen and renewable fuels, divesting wind and solar

Green Car Congress

Suncor Energy, a Canadian integrated energy company that is one of the top oil sands producers in the country, will strengthen its focus on hydrogen and renewable fuels to accelerate progress towards its objective to be a net-zero company by 2050. Suncor also plans to divest its wind and solar assets.

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Government of Canada OKs CNOOC’s $15B acquisition of Nexen, Petronas’ $6B acquisition of Progress Energy oil sands companies; impedes future oil sands purchases by foreign state-owned enterprises

Green Car Congress

Christian Paradis, Canada’s Minister of Industry, announced on Friday that the federal government is allowing two major acquisitions of oil sands companies by foreign state-owned enterprises (SOEs): the $15.1-billion But, all investments are not equal. That was never the purpose of the Investment Canada Act.In

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ACL to begin transporting Canadian crude by inland barge to Gulf Coast for oil sands company MEG Energy

Green Car Congress

American Commercial Lines (ACL) will begin transporting crude oil by barge on the US inland waterways for MEG Energy (US) Inc. MEG Energy), a subsidiary of the Canadian oil sands company MEG Energy Corp. In April 2012, ACL purchased eight 20,000 barrel capacity tank barges from SeaRiver Maritime Inc.,

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Osum Oil Sands closes $500M private placement; new investors include government of Singapore

Green Car Congress

Canada-based Osum Oil Sands Corp. million callable common share purchase warrants, each exercisable into one common share at any time without conditions by Osum, at a price of $12.50 Osum’s Taiga project in the prolific Cold Lake region continues to advance towards commercialization. The placement will consist of 21.2

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Government of Canada to buy Trans Mountain Pipeline System and Expansion Project for C$4.5B, resume planing and construction

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The Government of Canada will purchase Kinder Morgan’s Trans Mountain Pipeline system and the expansion project (TMEP) for C$4.5 The 1,150-km (714-mile) Trans Mountain pipeline system (TMPL) is the only pipeline system in North America that transports both crude oil from the oil sands and refined products to the west coast.

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MIT/RAND Study Concludes Three Types of Alternative Jet Fuel May Be Available in Commercial Quantities Over the Next Decade

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The focus of the work was on alternative jet fuels that could be available commercially in the next decade using primarily North American resources. Canadian oil sands and Venezuelan VHOs have the largest potential of several hundred thousand barrels per day of jet fuel, but their use would result in increased GHG emissions.

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Wanxiang and GreatPoint Energy close $1.25B deal for 1 Tcf/year coal-to-natural-gas plant in Xinjiang; Sinopec to purchase output, building pipeline to east

Green Car Congress

Sinopec), China’s largest company by revenue, has agreed to purchase the natural gas produced from the facility and has already announced plans to construct a pipeline to deliver the gas to the eastern region. billion cubic meters), which will expand to 116 billion cubic feet (3.4 China Petroleum and Chemical Corp. pure methane).

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