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

Green Car Congress

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.

Oil-Sands 273
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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. Statoil Canada Ltd.

Oil-Sands 210
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ExxonMobil plans five-year investment of $185B to develop new energy supplies; 21 major oil and gas projects to begin production between 2012 and 2014

Green Car Congress

Demand for electricity will make natural gas the fastest growing major energy source and oil and natural gas are expected to meet 60% of energy needs over the next three decades. A total of 21 major oil and gas projects will begin production between 2012 and 2014. billion oil equivalent barrels. billion oil-equivalent barrels.

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ExxonMobil: global GDP up ~140% by 2040, but energy demand ~35% due to efficiency; LDV energy demand to rise only slightly despite doubling parc

Green Car Congress

This geographically diverse group comprises Brazil and Mexico in the Americas; South Africa and Nigeria in Africa; Egypt and Turkey in North Africa/Mediterranean; Saudi Arabia and Iran in the Middle East; as well as Thailand and Indonesia in Asia. Forecasts Fuel Efficiency Fuels Market Background Oil' —Outlook.

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