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Suncor targeting 1M barrels per day by 2020, some 80% from oil sands; new strategic alliance with Total

Green Car Congress

Suncor is targeting 1 million barrels per day output in 2020, with its growth in the oil sands underpinned by its alliance with Total. Approximately 80% of that production will be from the oil sands. The agreement with Total is an important element of Suncor’s plans to more than double our oil sands production.

Oil-Sands 199
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Devon Energy and BP Enter Into $7.0B Property Sales Agreement and Oil Sands Joint Venture

Green Car Congress

Devon Energy Corporation has entered into agreements to sell all of its assets in the deepwater Gulf of Mexico, Brazil and Azerbaijan to BP for $7.0 Devon and BP will also form a heavy oil joint venture to develop BP’s Kirby oil sands leases in Alberta, Canada. billion in cash.

Oil-Sands 186
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Noble Energy announces new exploration discoveries offshore Israel and in the deepwater Gulf of Mexico

Green Car Congress

Noble’s discovered resources in the Eastern Mediterranean now totals nearly 40 trillion cubic feet of natural gas. The Tamar SW well offshore Israel, testing a new exploration prospect, encountered approximately 355 feet of net natural gas pay within the targeted Miocene intervals. Noble Energy, Inc. with 20 percent.

Mexico 186
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Chevron sanctions $4B Big Foot Project in the deepwater Gulf of Mexico

Green Car Congress

Chevron Corporation has sanctioned development of its $4-billion Big Foot project in the deepwater US Gulf of Mexico. The development will utilize a dry tree Extended Tension Leg Platform with an on-board drilling rig and have production capacity of 75,000 barrels of oil and 25 million cubic feet of natural gas per day.

Chevron 186
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Air Products’ Hydrogen Pipeline in Canada Inks Three Supply Agreements

Green Car Congress

Air Products will supply hydrogen by pipeline to Shell Canada Energy; Sherritt International Corporation; and Williams Energy (Canada) Inc. Sherritt International Corporation is a diversified natural resource company. will use Air Products’ hydrogen to treat certain olefinic synthetic gas liquids at its Redwater Fractionation facility.

Canada 170
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ExxonMobil Reserves Replacement in 2008 Was 103% of Production

Green Car Congress

billion oil-equivalent barrels—the bulk of it from Canadian oil sands—replacing 103% of production. These additions assume the long-term pricing basis that the corporation uses to make its investment decisions, rather than single-day, year-end pricing. billion oil-equivalent barrels. billion oil-equivalent barrels.

2008 150
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Cleantech Blog: Smart Grids and Electric Vehicles

Tony Karrer Delicious EVdriven

Find investors, resumes, and free research Get Cleantech Blog in your email Enter your email address: Subscribe in a reader Join us on Linked In Follow us on Twitter Join us on Facebook GHGBlog.com - The Greenhouse Gas Blog Loading. Millions of EVs and PHEVs would expand the sale of electricity as an alternative to oil. Email Neal.

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