Tag: Cenovus Energy
Cenovus dramatically lowering SAGD production costs thanks to new technology – Part 1
Substituting solvents for steam could lower costs, GHG emissions by 34% to 40%, says CERI They say a year is a lifetime in politic. For Cenovus Energy, it’s only been six months since the Calgary-based oil sands giant was vilified for spending $17.7 billion to buy ConocoPhillips’ oil sands and Deep Basin assets. The company’s […]
Are Alberta oil sands’ costs lower than American shale basins? You’ll be surprised
Alberta oil sands costs are $30-40/b, compared to $50 break even for most US shale producers The prevailing wisdom in Alberta is that Western Canada is one of the highest cost oil and gas basins in the world. Certainly far more costly than American shale basins like the Permian in West Texas, which is attracting […]
Oil sands players back Notley’s energy/climate policies – sticky politics for new conservative party?
Oil sands players believe Climate Leadership Plan will help them lower production costs, crude oil carbon-intensity This weekend members of the Wildrose Party and the PC Assoc. of Alberta are deciding if they want to merge into a United Conservative Party. If the merger goes ahead, the new party will eventually generate a policy platform. […]
“Technology renaissance” transforming oil sands in situ production – lowering costs, carbon-intensity
“Oil and gas producers need to be carbon-competitive and cost-competitive” – Suncor CEO Steve Williams A technology revolution is taking place in the Alberta oil sands. Suncor and Cenovus, two of the largest oil sands producers, released their sustainability reports earlier this week and both are making steady progress toward the goals of reducing the […]
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