Remove Cost Of Remove Oil Remove Oil-Sands Remove Price
article thumbnail

Researchers propose framework for CCS infrastructure optimization to reduce GHG emissions from oil sands extraction and processing

Green Car Congress

CCS infrastructure for six key CO 2 emission prices. The width of the pipeline network (green lines) is proportional to CO 2 flow; the largest CO 2 flow is approximately 36 MtCO 2 / yr for the $155/tCO 2 scenario (pipeline leaving the Athabasca oil sands area). Costs are in $US 2011. Sources are red and sinks are blue.

Oil-Sands 225
article thumbnail

Low oil prices hurting some US shale operations; slumping oil prices putting pressure on drillers

Green Car Congress

The number of active rigs drilling for oil and gas fell by their most in two months, according to the latest data from oil services firm Baker Hughes. There were 19 oil rigs that were removed from operation as of Oct. There are now 1,590 active oil rigs, the lowest level in six weeks. 17, compared to the prior week.

article thumbnail

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

Green Car Congress

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.”.

Oil-Sands 225
article thumbnail

Lux Research: Cost of replacing a barrel of produced oil up 350% in 13 years

Green Car Congress

The cost associated with replacing a barrel of produced oil has risen from $6 per barrel in 1998 to $27 per barrel in 2011, according to Lux Research—an increase of 350%. Unconventional oil will be a key area of focus for producers. will be in the oil sands. Cost to replace each barrel of oil produced.

Oil 225
article thumbnail

WSU researcher creates cooking-oil based bio-asphalt

Green Car Congress

Made from the residue left behind after production of gasoline, plastics, and other materials, asphalt still commands $700-800 per ton, or half the price of gasoline at $1,500 per ton, Wen estimates. In general, a one-mile road in a rural area costs at least a million dollars to build. —Haifang Wen.

Oil 255
article thumbnail

Opinion: Who Will Be Left Standing At The End Of The Oil War?

Green Car Congress

Production cost and breakeven figures that analysts enjoy bandying can trap you in bubble of black-and-white mathematics that is a few brush-strokes shy of a full picture. Breakeven prices are hard to pin down, and harder yet because they fluctuate. But these are just the costs of lifting oil out of the ground.

article thumbnail

Chevron leveraging information technology to optimize thermal production of heavy oil with increased recovery and reduced costs

Green Car Congress

Chevron’s focus on optimizing the thermal management of the Kern River field has resulted in a steady drop in the steam:oil ratio (barrels steam water per barrel oil), resulting in improved economics of the field even with slowly declining production. Data: California DOGGR. Click to enlarge. Source: Chevron. Click to enlarge.

Chevron 244