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The report states in part: "Canadian oil sands crudes are generally more GHG emission-intensive than other crudes they may displace in U.S. refineries, and emit an estimated 17% more GHGs on a life-cycle basis than the average barrel of crude oil refined in the United States". [183]
The Athabasca oil sands, also known as the Athabasca tar sands, are large deposits of oil sands rich in bitumen, a heavy and viscous form of petroleum, in northeastern Alberta, Canada. These reserves are one of the largest sources of unconventional oil in the world, making Canada a significant player in the global energy market.
Synthetic crude is an intermediate product produced when an extra-heavy or unconventional oil source is upgraded into a transportable form. [1] Synthetic crude is then shipped to oil refineries where it is refined into finished products. [1] Synthetic crude may also be mixed, as a diluent, with heavy oil to create synbit. Synbit is more viscous ...
This past quarter, Devon Energy , ConocoPhillips , and Suncor all posted better-than-expected results from their oil sands or thermal oil or bitumen operations (Side note: We sure have come up ...
The volume of crude-oil production from sand has exploded during the past decade. For the most part, investors have disregarded the sector as too speculative. However, with the recent revelation ...
Oil sands have not had it easy lately. Between labor shortages, operational cost increases, and a general lack of pipeline capacity, exploration and production of Canadian oil sands has not been ...
The Athabasca oil sands in Alberta, Canada, are a very large source of bitumen, which can be upgraded to synthetic crude oil. Keystone XL was proposed to carry crude derived from Alberta's oil sands, not from underground reservoirs like conventional petroleum, but in a tarry fossil fuel called bitumen. [230]
Petroleum refinery in Anacortes, Washington, United States. Petroleum refining processes are the chemical engineering processes and other facilities used in petroleum refineries (also referred to as oil refineries) to transform crude oil into useful products such as liquefied petroleum gas (LPG), gasoline or petrol, kerosene, jet fuel, diesel oil and fuel oils.