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A Stanford University study commissioned by the EU in 2011 found that oil sands crude was as much as 22% more carbon-intensive than other fuels. [163] [164] According to the "Carnegie Endowment for International Peace" analysis, oil sands emit 31% more GHG that the average North American crude oil. [165]
The complex is capable of refining 173,000 barrels (27,500 m 3) [1] of crude oil per day. Oil is supplied from the GoM , Canada , and domestic sources through pipelines. The facility produces 85,000 barrels per day (13,500 m 3 /d) of gasoline along with 70,000 barrels per day (11,000 m 3 /d) of distillates (diesel and aviation fuel), along with ...
The Athabasca oil sands is the only large oil field in the world suitable for surface mining, while the Cold Lake oil sands and the Peace River oil sands must be produced by drilling. [14] With the advancement of extraction methods, bitumen and economical synthetic crude are produced at costs nearing that of conventional crude.
Just as WTI crude trades at a discount to Brent crude, so too does crude for Canada's oil sands (called Western Canada Select) trade at discount to WTI. The WTI-Brent spread is about $22 a barrel ...
This caused increases in world oil prices, [62] and BP revised the estimated operational date to January 2007. [63] London brent crude hit an intra-day high of $77.73/barrel, the all-time high, at that time, being $78.18/barrel. United States crude oil peaked at $76.67/barrel. The state of Alaska, which gets most of its revenue from taxing the ...
The Shell Scotford Upgrader is an oilsand upgrader, a facility which processes crude bitumen from oil sands into a wide range of synthetic crude oils. The upgrader is owned by Athabasca Oil Sands Project (AOSP), a joint venture of Shell Canada Energy (60%), Marathon Oil Sands L.P. (20%) and Chevron Canada Limited (20%).
Humble began construction of a 55,000-barrel (8,700 m 3) storage tank to hold the oil, but even that was insufficient for the colossal quantities of crude that flowed from the field. Many of the early wells on the Yates Field were phenomenally productive; the first five wells, by spring 1927, together produced an average of 9,009 barrels per ...
An explosion left one worker dead and another seriously injured at the Chinese-owned Nexen Energy facility in the Long Lake oil sands near Anzac, south of Fort McMurray [139] The two maintenance workers involved were found near natural gas compression equipment used for a hydrocracker, which turns heavy oil into lighter crude, at the plant's ...