article thumbnail

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.

Oil-Sands 225
article thumbnail

Oil sands production accounted for 28.8% of total Canadian gas demand in 2016

Green Car Congress

Alberta’s oil sands operations accounted for 28.8% From 2005 to 2016, natural gas purchased by oil sands projects more than tripled, from 0.73 Additionally, natural gas is used in oil sands mining to heat water to separate bitumen from sand. billion cubic feet per day (Bcf/d) to nearly 2.38

Oil-Sands 150
article thumbnail

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 And, Canadians expect that we shall approve foreign investments that are of net benefit to Canada.

Oil-Sands 236
article thumbnail

Canada Approves Petrochina Purchase of Athabasca Oil Sands Properties

Green Car Congress

Tony Clement, Canada’s Minister of Industry, has approved the acquisition by PetroChina of the MacKay and Dover Oil Sands projects from Athabasca Oil Sands Corporation (AOSC) “ because I am satisfied that the investment is likely to be of net benefit to Canada. ”. Earlier post.).

Oil-Sands 220
article thumbnail

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.,

Oil-Sands 257
article thumbnail

First production from Imperial’s Kearl oil sands project; “about the same” lifecycle GHGs as average of crudes consumed in US

Green Car Congress

Imperial Oil Limited has begun the initial development of the Kearl oil sands project ( earlier post ), which incorporates technology innovations to enhance environmental performance. Kearl will be the first oil sands mining operation that does not require an upgrader to make a saleable crude oil.

Oil-Sands 231
article thumbnail

Chinas CNOOC to acquire Canadian oil sands producer OPTI for $2.1B

Green Car Congress

an indirect wholly-owned subsidiary of CNOOC, will acquire oil sands producer OPTI Canada Inc for approximately US$2.1 The principal asset of OPTI consists of a 35% working interest in the Long Lake and three other oil sands project areas located in the Athabasca region of northeastern Alberta. CNOOC Luxembourg S.a

Oil-Sands 218