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Alberta Innovates & NRCan awarding $26.2M to three oil sands clean tech projects; industry kicking in $43.3M

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Alberta Innovates has teamed up with Natural Resources (NRCan) and industry partners to take three clean oil sands technologies to commercial demonstration. This announcement is a result of NRCan’s Oil and Gas Clean Tech Program. Cenovus Energy will test an oil sands extraction technology using a solvent-driven process.

Oil-Sands 150
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UT Austin to lead $58M study of methane hydrate in Gulf of Mexico; $41M from DOE

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The US Department of Energy (DOE) is providing $41,270,609, with the remainder funded by industry and the research partners. Methane hydrate—natural gas trapped in an ice-like cage of water molecules—occurs in both terrestrial and marine environments.

Mexico 294
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TransCanada to proceed with $12B, 1.1M barrel/day Energy East oil pipeline project to Eastern Canada

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The conclusion of the successful open season confirmed strong market support for a pipeline with approximately 900,000 bbl/d of firm, long-term contracts to transport crude oil from the oil sands area in Western Canada to Eastern Canadian refineries and export terminals.

Canada 207
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BOEM publishes final environmental review for geological and geophysical survey activities off the Atlantic Coast

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G&G data and information are used to identify sand and gravel resources suitable for coastal protection and restoration; site renewable energy installations; and locate oil and gas resources. The PEIS also evaluates reasonably foreseeable environmental effects in adjacent state waters.

Mariner 199
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ExxonMobil Outlook: 35% growth in energy demand by 2040; hybrids to account for ~50% of new vehicle sales

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China will see the largest increase—more than 4 million oil-equivalent barrels per day. Diesel will also play a more significant role in the marine sector in the latter half of the Outlook period, in response to stricter marine emissions standards. billion people are currently without access to electricity.

Oil-Sands 309
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Canada Launches Algal Biofuels Project

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Speaking in Halifax, the Honorable Gary Goodyear, Minister of State (Science and Technology), made the announcement at the launch of the algal biofuel project at the National Research Council Institute for Marine Biosciences (NRC-IMB). In parallel, scientists are also working to develop technology to effectively extract the oil.

Canada 286
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State Department releases Keystone XL Final Supplemental Environmental Impact Statement

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Incremental well-to-wheels GHG emissions from WCSB Oil Sands Crudes Compared to Well-to-Wheels GHG Emissions from Displacing Reference Crudes Click to enlarge. Domestic production of crude oil has increased significantly, from approximately 5.5 That portion of the pipeline has already been built. million bpd in 2010 to 6.5

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