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Steam-assisted gravity drainage (SAGD; "Sag-D") is an enhanced oil recovery technology for producing heavy crude oil and bitumen.It is an advanced form of steam stimulation in which a pair of horizontal wells are drilled into the oil reservoir, one a few metres above the other.
Oil traders, Houston, 2009 Nominal price of oil from 1861 to 2020 from Our World in Data. The price of oil, or the oil price, generally refers to the spot price of a barrel (159 litres) of benchmark crude oil—a reference price for buyers and sellers of crude oil such as West Texas Intermediate (WTI), Brent Crude, Dubai Crude, OPEC Reference Basket, Tapis crude, Bonny Light, Urals oil ...
A 2012 study by Swart and Weaver estimated that if only the economically viable reserve of 170 Gbbl (27 × 10 ^ 9 m 3) oil sands was burnt, the global mean temperature would increase by 0.02 to 0.05 °C. If the entire oil-in-place of 1.8 trillion barrels were to be burnt, the predicted global mean temperature increase is 0.24 to 0.50 °C. [175]
A comparison of the proposed American oil shale industry to the Alberta oil-sands industry has been drawn (the latter enterprise generated over 1 million barrels per day (160 × 10 ^ 3 m 3 /d) of oil in late 2007), stating that "the first-generation facility is the hardest, both technically and economically".
Western Canadian Select (WCS) is a heavy sour blend of crude oil [1] that is one of North America's largest heavy crude oil streams [2] and, historically, its cheapest. [3] It was established in December 2004 as a new heavy oil stream by EnCana (now Cenovus), Canadian Natural Resources, Petro-Canada (now Suncor) and Talisman Energy (now Repsol Oil & Gas Canada). [4]
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