Bituminous sands

SwRI Develops Economic, Novel Technique Supporting Pipeline Transport of Heavy Crude Oils

Retrieved on: 
Wednesday, July 14, 2021
Transportation, Manufacturing, Travel, Other Energy, Research, Oil, Gas, Alternative energy, Environment, Energy, Science, Chemicals, Plastics, Chemistry, Physical sciences, Petroleum, Unconventional oil, Petroleum products, Heavy crude oil, Bituminous sands, Diluent, Asphalt, Oil sands, Western Canadian Select

The new process reduces the viscosity of heavy crude oil by more than 60%, allowing it to flow more easily through existing pipeline networks.

Key Points: 
  • The new process reduces the viscosity of heavy crude oil by more than 60%, allowing it to flow more easily through existing pipeline networks.
  • The new process allows for transport of the treated heavy crude oil over great distances without heating the pipeline and without adding large amounts of chemical or diluent.
  • Of the more than 80 million barrels per day of crude oil produced globally, about 11 million barrels are classified as heavy crude oils.
  • SwRI is also investigating whether, with further research and optimization, EZ Flow could be used to upgrade, or chemically treat, heavy crude oil.

Suncor Energy reports first quarter 2021 results

Retrieved on: 
Tuesday, May 4, 2021
Petroleum, Physical sciences, Petroleum industry, Chemistry, Bituminous sands, Petroleum geology, Fort McMurray, Inventory, Oil sands, Syncrude, Asphalt, FIFO

Funds from operations included a first-in, first-out (FIFO) inventory valuation gain of $373 million after-tax in the first quarter of 2021, compared to a FIFO inventory valuation loss of $446 million after-tax in the prior year quarter.

Key Points: 
  • Funds from operations included a first-in, first-out (FIFO) inventory valuation gain of $373 million after-tax in the first quarter of 2021, compared to a FIFO inventory valuation loss of $446 million after-tax in the prior year quarter.
  • The Syncrude and Oil Sands operations upgraders achieved combined upgrader utilization of 97% in the first quarter of 2021, compared to 93% in the prior year quarter, despite coker annual planned maintenance at Oil Sands Base that commenced late in the first quarter of 2021 and was completed subsequent to the end of the quarter.
  • Operating, selling and general expenses in the first quarter of 2021 included share-based compensation expense, compared to a share-based compensation recovery in the prior year quarter.
  • As demonstrated this quarter, the company continues to execute on its previously announced 2021 commitment of allocating incremental free funds flow towards debt and share buybacks.

The KOMAX Tailings Solvent Recovery Heater is Revolutionizing the Oil Sand Separation Process

Retrieved on: 
Wednesday, September 23, 2020
Petroleum, Physical sciences, Petroleum industry, Chemistry, Bituminous sands, Oil sands, Petroleum geology, Unconventional oil, Steam injection, Asphalt, Steam-assisted gravity drainage, Athabasca oil sands

The oil sands are a mixture of sand, water, clay, and a type of oil called bitumen.

Key Points: 
  • The oil sands are a mixture of sand, water, clay, and a type of oil called bitumen.
  • Thanks to innovation and technology, we can recover oil from the oil sands, providing energy security for the future.
  • The Komax severe duty steam heater has proven itself to be the best way to optimize the Oil Sands separation process.
  • The high thermal efficiency and instant controllability of direct steam injection means oil sands processors can optimize the separation process.

Suncor provides update on Base Plant mining operations

Retrieved on: 
Monday, August 17, 2020
Petroleum, Physical sciences, Chemistry, Bituminous sands, S&P/TSX 60 Index, Suncor Energy, Sunoco, Petroleum industry, Petroleum production, Asphalt, Upgrader, Calgary

CALGARY, Alberta, Aug. 17, 2020 (GLOBE NEWSWIRE) -- Suncor today provided an update on the Base Plant mining operations following an incident which occurred on August 14, 2020.

Key Points: 
  • CALGARY, Alberta, Aug. 17, 2020 (GLOBE NEWSWIRE) -- Suncor today provided an update on the Base Plant mining operations following an incident which occurred on August 14, 2020.
  • At approximately 7 p.m. MT on August 14, a fire occurred in the secondary extraction area of the Base Plant mining operations impacting mined bitumen production.
  • Both upgraders at Base Plant remain online at minimum rates and are processing in situ bitumen.
  • For more information about Suncor, visit our website at suncor.com , follow us on Twitter @Suncor or together.suncor.com .

Petroteq Announces Update on Oil Production and Oil Quality Baseline

Retrieved on: 
Monday, December 16, 2019
Petroleum, Physical sciences, Chemistry, Bituminous sands, Oil shale, Oil sands, Asphalt, Petroleum industry, Shale oil extraction, Mountain West Energy

SHERMAN OAKS, Calif., Dec. 16, 2019 (GLOBE NEWSWIRE) -- Petroteq Energy Inc. (Petroteq or the Company) (TSXV:PQE; OTC:PQEFF; FSE:PQCF), is a fully integrated oil company focused on the development and implementation of its new proprietary technology for oil extraction with producing assets at Asphalt Ridge near Vernal Utah, is pleased to announce that since last reported it has increased its daily average oil production and made changes to its facilities oil quality baseline.

Key Points: 
  • SHERMAN OAKS, Calif., Dec. 16, 2019 (GLOBE NEWSWIRE) -- Petroteq Energy Inc. (Petroteq or the Company) (TSXV:PQE; OTC:PQEFF; FSE:PQCF), is a fully integrated oil company focused on the development and implementation of its new proprietary technology for oil extraction with producing assets at Asphalt Ridge near Vernal Utah, is pleased to announce that since last reported it has increased its daily average oil production and made changes to its facilities oil quality baseline.
  • The Company has an environmentally safe and sustainable technology for the extraction of heavy and bitumen from oil sands, oil shale deposits and shallow oil deposits.
  • Petroteq is engaged in the development and implementation of its patented environmentally friendly heavy oil processing and extraction technologies.
  • Petroteq is currently focused on developing its oil sands resources and expanding production capacity at its Asphalt Ridge heavy oil extraction and processing facility located near Vernal, Utah.

Petroteq Announces Update on Oil Production and Oil Quality Baseline

Retrieved on: 
Monday, December 9, 2019
Physical sciences, Petroleum industry, Chemistry, Oil sands, Petroleum geology, Oil shale, Bituminous sands, Asphalt, Petroleum, Oil shale industry

SHERMAN OAKS, Calif., Dec. 09, 2019 (GLOBE NEWSWIRE) -- Petroteq Energy Inc. (Petroteq or the Company) (TSXV:PQE; OTC:PQEFF; FSE:PQCF), an oil sands mining and production company having a proprietary technology that extracts hydrocarbons without the use of water, is pleased to announce an update on oil production and the facilities oil quality baseline.

Key Points: 
  • SHERMAN OAKS, Calif., Dec. 09, 2019 (GLOBE NEWSWIRE) -- Petroteq Energy Inc. (Petroteq or the Company) (TSXV:PQE; OTC:PQEFF; FSE:PQCF), an oil sands mining and production company having a proprietary technology that extracts hydrocarbons without the use of water, is pleased to announce an update on oil production and the facilities oil quality baseline.
  • Petroteq is a fully integrated oil and gas company focused on the development and implementation of a new proprietary technology for oil extraction.
  • The Company has an environmentally safe and sustainable technology for the extraction of heavy and bitumen from oil sands, oil shale deposits and shallow oil deposits.
  • Petroteq is currently focused on developing its oil sands resources and expanding production capacity at its Asphalt Ridge heavy oil extraction and processing facility located near Vernal, Utah.

Suncor Energy announces 2020 capital program and production outlook

Retrieved on: 
Monday, December 2, 2019
Physical sciences, Chemistry, Bituminous sands, Petroleum industry, Petroleum geology, Fort McMurray, Synthetic fuels, Oil sands, Syncrude, Suncor Energy, Synthetic crude, Asphalt

Production ranges for Oil Sands operations, Fort Hills, Syncrude and Exploration and Production are not intended to add to equal Suncor Total Production.

Key Points: 
  • Production ranges for Oil Sands operations, Fort Hills, Syncrude and Exploration and Production are not intended to add to equal Suncor Total Production.
  • Oil Sands operations production includes synthetic crude oil, diesel, and bitumen and excludes Fort Hills PFT bitumen and Syncrude synthetic crude oil production.
  • Assumptions for the Oil Sands operations, Syncrude and Fort Hills 2020 production outlook include those relating to reliability and operational efficiency initiatives that the company expects will minimize unplanned maintenance in 2020.
  • Assumptions for the Exploration and Production 2020 production outlook include those relating to reservoir performance, drilling results and facility reliability.

The Tech That Could Transform the Oil Sands Industry

Retrieved on: 
Friday, July 13, 2018
Petroleum, Petroleum industry, Chemistry, Petroleum geology, Oil sands, Nature, Bituminous sands, Asphalt, Athabasca oil sands, Peak oil

The company is Petroteq Energy ( PQE.V ; PQEFF ) a Utah-based technology firm that has patented a new 'clean' extraction technology that could revolutionize the entire oil sands industry.

Key Points: 
  • The company is Petroteq Energy ( PQE.V ; PQEFF ) a Utah-based technology firm that has patented a new 'clean' extraction technology that could revolutionize the entire oil sands industry.
  • They see many reasons why Petroteq could quickly dominate the dry oil sands industry.
  • The world's largest oil companies in places with large dry oil sands deposits could quickly use Petroteq's patented technology to begin extracting enormous amounts of oil.
  • CEO David Sealock is an industry veteran with more than 26 years' experience in both the oil and gas industry and technology.

New Tech May Transform The Oil Sands Industry

Retrieved on: 
Wednesday, July 11, 2018
Petroleum, Chemistry, Petroleum industry, Oil sands, Petroleum geology, Nature, Bituminous sands, Unconventional oil, Asphalt, Steam-assisted gravity drainage, Athabasca oil sands

The oil sands are a combination of clay, sand, water, and bitumen - a thick, heavy, black oil.

Key Points: 
  • The oil sands are a combination of clay, sand, water, and bitumen - a thick, heavy, black oil.
  • of clean oil per day from the Uinta deposits
    Petroteq's breakthrough technology is already up and running, producing real, useable oil for what on volume is expected to be a fraction of the cost of traditional oil sands.
  • Unlike traditional processes, Petroteq's ( PQE.V ; PQEFF ) proprietary technology creates a continuous flow, closed loop system - where oil sands go in one end and only oil and clean sands come out the other.
  • Petroteq's patented clean oil recovery technology may be the world's most efficient system for extracting oil from the sands.

CO2 Solutions' technology showcased by CanmetENERGY at the Oil Sands Innovation Summit

Retrieved on: 
Thursday, June 7, 2018
Petroleum, Bituminous sands, Unconventional oil, Petroleum geology, Petroleum industry, Steam-assisted gravity drainage, Water pollution, Oil sands

QUEBEC CITY, June 7, 2018 /PRNewswire/ -CO2 Solutions Inc. (TSXV: CST) ("CO2 Solutions" or the "Corporation") is pleased to announce that its technology will be featured in a presentation given today at the Oil Sands Innovation Summit in Calgary, Alberta.

Key Points: 
  • QUEBEC CITY, June 7, 2018 /PRNewswire/ -CO2 Solutions Inc. (TSXV: CST) ("CO2 Solutions" or the "Corporation") is pleased to announce that its technology will be featured in a presentation given today at the Oil Sands Innovation Summit in Calgary, Alberta.
  • This presentation entitled Integration of SAGD with low-grade heatCO2 capture technology underlines how CO2 Solutions' enzymatic technology, which requires only low-grade heat in the form of hot water at 80 to 85Celsius for its regeneration energy, can be integrated in a heavy oil operation.
  • "CO2 Solutions is pleased to see the important benefit and competitive advantage of its enzymatic technology confirmed and communicated by a recognized industry expert," stated Richard Surprenant, Senior Vice-President and Chief Technology Officer.
  • "OTSG plants are common in SAGD oil production and the steam they produce is valuable to their operators.