Canadian Energy Research Institute forecasts 8.5% annual growth in oil sands production over the next 6 years. Meeting the challenge of getting that oil to market is leading more industry players to innovate partial upgrading processes to slash pipeline transportation costs. Ivanhoe Energy with their HTL (Heavy-to-light) process and MEG Energy’s Hi-Q process are two […]
Daily Oil Bulletin (dot com) reports this past week that capital expenditures in the Oilsands look to remain strong through out 2014, coming in equal or better than 2013. Even without counting the contribution from CNOOC owned Nexen, planned spending is expected to reach $24 billion, within 4% of the 2013 total. This is good […]
We congratulate Cenovus on the approval of their 180,000 bpd oils sands project, located 300 km north of Edmonton within the company’s Greater Pelican Region in northern Alberta. Observers expect a Cenovus development decision to proceed with Grand Rapids before year end 2014. Their extensive existing infrastructure, including roads, power and camps at Pelican Lake bode well […]
