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Oil sands company Suncor Energy strengthens its focus on hydrogen and renewable fuels, divesting wind and solar

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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.

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Oil sands GHG lifecycle study using operating data finds lower emitting oil sands cases outperform higher emitting conventional crude cases; a call for more sophisticated tools and reporting

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Well-to-wheel (WTW) greenhouse gas emissions for in situ SAGD and surface mining pathways generated employing GHOST/TIAX/ GHGenius combination and comparison with SAGD, mining and conventional crude oil literature pathways (all results are on a HHV basis). 74% of WTW emissions in our oil sands pathways. Click to enlarge.

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IEA: Global oil discoveries and new projects fell to historic lows in 2016 while US shale surged; “two-speed” market

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Global oil discoveries fell to a record low in 2016 as companies continued to cut spending and conventional oil projects sanctioned were at the lowest level in more than 70 years, according to the International Energy Agency, which warned that both trends could continue this year. Oil discoveries declined to 2.4

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Stanford, UC Santa Cruz study explores ramifications of demand-driven peak to conventional oil

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In contrast to arguments that peak conventional oil production is imminent due to physical resource scarcity, a team from Stanford University and UC Santa Cruz has examined the alternative possibility of reduced oil use due to improved efficiency and oil substitution. 2010, to above 140 $/bbl in constant 2010 dollars).

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Suncor Energy doubles production capacity at St. Clair Ethanol Plant; largest in Canada

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The completion of this project has since doubled the plant’s production capacity from 200 to 400 million liters (53 to 106 million gallons US) of ethanol per year, confirming it as Canada’s largest biofuel production facility. Clair Ethanol Plant at an event held on site in the Sarnia–Lambton region.

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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. As conventional production declines, more of the world’s oil demand will be met by emerging sources that only recently became available in significant quantities: oil sands, tight oil, deepwater, NGLs and biofuels.

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BOEM releases for comment draft EIS on G&G survey activities to develop energy resources in Mid- and South Atlantic

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The PEIS describes and evaluates the potential environmental impacts of G&G survey activities in Federal waters of the Mid- and South Atlantic Outer Continental Shelf (OCS) and adjacent State waters for three program areas (oil and gas, renewable energy, and marine minerals) during the 2012-2020 time period. Savannah, Ga.; Charleston, S.C;

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