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Canada Minister of Natural Resources emphasizes key role of oil sands in the country’s energy future

Green Car Congress

Speaking at the at the University of Toronto’s Hart House Alumni Dinner Series, Canada Minister of Natural Resources, Joe Oliver, emphasized the pivotal role that Canada’s oil sands will continue to play in the country’s energy future.

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Statoil Canada oil sands SAGD project produces first oil

Green Car Congress

Statoil Canada has produced first oil from its SAGD (steam-assisted gravity drainage) Leismer Demonstration Project (LDP) in the Canadian oil sands after initiating steam injection in September 2010, one month ahead of schedule.

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Shell launches commercial operation of Quest carbon capture and storage in Alberta oil sands

Green Car Congress

Using activated amine (ADIP-X), Quest will capture one-third of the CO 2 emissions from Shell’s Scotford Upgrader, which turns oil sands bitumen into synthetic crude that can be refined into fuel and other products. Te Storage zone is a formation called Basal Cambrian Sands (BCS).

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Thailand enters the Canadian oil sands; Statoil selling 40% interest to PTTEP for US$2.28B

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Statoil has agreed to sell a 40% interest in its oil sands project in Alberta, Canada (Kai Kos Dehseh) to PTT Exploration and Production (PTTEP) of Thailand. Future development of the oil sands leases will proceed in a stepwise manner.

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Total to Acquire UTS Corporation and Its 20% Interest in Fort Hills Oil Sands Project for C$1.15B

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a Total subsidiary, has signed an agreement with UTS Energy Corporation (UTS) to acquire UTS Corporation with its main asset, a 20% interest in the Fort Hills oil sands mining project in Alberta, Canada. The Fort Hills project is operated by Canada’s Suncor Energy Inc. With Suncor Energy Inc.,

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MEG Energy moving ahead with 35,000 barrels per day oil sands expansion; $1.4B estimated total cost

Green Car Congress

Canada-based MEG Energy’s board of directors has approved 2011 capital investment of approximately $900 million and the final cost estimate for the 35,000 barrels per day Phase 2B oil sands expansion at the Christina Lake in-situ project. future growth. and to support future growth. Staged production growth.

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

Green Car Congress

Penn West Energy Trust has entered into an agreement with a wholly-owned subsidiary of the China Investment Corporation (CIC) to form a joint venture that will develop Penn West’s bitumen assets located in the Peace River area of northern Alberta. CIC has also agreed to purchase trust units of Penn West on a private placement basis.

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