The ERCB is projecting the production
of synthetic crude oil from bitumen to almost triple over the forecast period.
Murphy has a 5 percent stake in Syncrude Canada Ltd, one of Canada's largest oil sands plants with the capacity to produce 350,000 barrels
of synthetic crude oil per day.
Not exact matches
And in energy, high prices for
synthetic crude and liquid natural gas mean producers are generating a lot
of extra cash.
State owned Chinese energy companies are not pouring billions
of dollars into developing Alberta's oil sands so more
synthetic crude or bitumen can be sent to refineries in Cushing Oklahoma.
Light
synthetic crude from the oilsands for June delivery last traded at $ 3.80 below WTI, a larger discount than Tuesday's settle
of $ 3.
As such, it's not at all clear that the Province has the right to enact the powers it is attempting to here over refined products, although it clearly does have the broad power to restrict exports in the case
of crude oil,
synthetic crude oil, and bitumen and other resources.
Section 2 (1)
of Bill 12 refers to refined products which (oddly) do not fall under the primary production from natural resources, which are defined so as to include
crude oil and natural gas but, «not a product resulting from refining
crude oil, refining upgraded heavy
crude oil, refining gases or liquids derived from coal or refining a
synthetic equivalent
of crude oil.»
Suncor's expected production capacity from Syncrude is 205,590 bbls / d capacity
of sweet
synthetic crude oil.
These excluded products consisted
of «manufactured products» (inapplicable in the present context) and products «resulting from refining
crude oil, refining upgraded heavy
crude oil, refining gases or liquids derived from coal or refining a
synthetic equivalent
of crude oil».
After my post last night got me reading Budget 1980 and the National Energy Program, I stumbled upon something completely fascinating: the hated National Energy Program proposed an indexed price for
synthetic crude from oil sands projects which, had it been followed until today, would have been above the Canadian dollar price
of WTI in -LSB-...]
Most diabetics today are saved by frequent shots
of synthetic insulin, but the balance between blood sugar and injected insulin is a
crude calculation.
Synthetic biology could usher in a new bioeconomy where biomass becomes the primary source
of feedstocks for chemicals and materials currently manufactured from
crude oil and natural gas.
Upgrading The process
of heating, distillation, and hydrogenation that turns bitumen into
synthetic crude oil for refining.
They go on to say, «The manufacture
of polyester and other
synthetic fabrics is an energy - intensive process requiring large amounts
of crude oil and releasing emissions including volatile organic compounds, particulate matter, and acid gases such as hydrogen chloride, all
of which can cause or aggravate respiratory disease.»
Thus as
CRUDE OIL production couldn't increase even in a high price environment, the condensate, biofuels, and tiny amounts
of synthetics have kept production «increasing».
Annual production
of non-upgraded bitumen and
synthetic crude oil from Alberta's oil sands will increase almost 2.5 times by 2017 from 2007 levels, according to the just - published report... Read more →
Upgrade the material in the oil field, leaving much
of the material behind as coke, and pipeline the upgraded material out as
synthetic crude.
Producing
synthetic crude oil from tar sands generates three times the global warming pollution
of conventional
crude production.
Heavy
synthetic crude is a blend
of premium Albian
synthetic sweet components with LC Finer bottoms.
The Alberta government could see to it that the energy producers refined the stuff into
synthetic crude oil on site but this is a high - cost, high - carbon asset already at some risk
of becoming «stranded.»
It proposes to capture up to one - third
of the emissions from a plant that transforms oil sands bitumen into
synthetic crude.
Energy economist Andrew Leach has looked at the economics
of refining in Canada (here, here and here) and claims that producers can make more money by selling raw bitumen than they could by upgrading it to
synthetic crude oil or by refining it into fuel products.
This has called upon Devoe's suite
of business skills, acquired over several years as senior counsel at
synthetic crude oil producer Suncor, to leverage relationships with partner firms and extract the maximum value from the resources available to the team.
Startup Sapphire Energy, which uses
synthetic biology to make a green
crude out
of algae, announced on Monday that it's raising $ 144 million in a Series C round from investors including agriculture company Monsanto.