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Author Topic: How upgrader plants are giving way to new oil sands technologies Back to Topics
Nicoalbum

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Ottawa

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Message Posted: Jan 1, 2014 10:20:53 AM

Upgrading plants, a refinery-like jumble of vessels and pipes that convert thick bitumen into lighter oil, were once a fixture of mining projects in N AB. Now a new generation of oil sands production is leaving them behind

After cancelling or delaying more than $100B of processing capacity at the onset of the financial crisis in 2008, energy players are counting on major pipelines to transport growing volumes of less processed diluted bitumen to refineries in the U.S. that are better equipped to handle the extra-thick crude

Suncor, Total SA and Imperial Oil are embracing the strategy to boost returns and because new competition from shale oil has made building the behemoth processing plants uneconomic

“It’s more capital, doesn’t get as good of a return, it puts upward pressure on prices
Visit Financial Post for full article
REPLIES (newest first) Post a Reply
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oldmack
Champion Author Riverside

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Message Posted: Jan 2, 2014 6:17:03 PM

ok
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jrs4125
Champion Author Indiana

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Message Posted: Jan 2, 2014 7:02:43 AM

Higher prices for all.
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teafortwo
Champion Author Washington

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Message Posted: Jan 2, 2014 12:47:51 AM


Thanks for sharing Nicoalbum.
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ooltewah63
Champion Author Chattanooga

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Message Posted: Jan 1, 2014 4:04:09 PM

I hope this will help the consumers, then the big oil companies.
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sparkzz
Sophomore Author Ontario

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Message Posted: Jan 1, 2014 1:57:45 PM

But will it translate into better prices for the future?
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SiebsWI
All-Star Author Wisconsin

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Message Posted: Jan 1, 2014 1:37:04 PM

Could be the wave of the future
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madison8359
Champion Author Cleveland

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Message Posted: Jan 1, 2014 1:30:00 PM

Lots of oil and lots of money to be made.
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humblepie
Champion Author Toledo

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Message Posted: Jan 1, 2014 12:51:38 PM

good luck to them
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GuitarmanMS
Champion Author Mississippi

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Message Posted: Jan 1, 2014 12:21:34 PM

Ain't technology grand
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Lugi1967
Champion Author Ohio

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Message Posted: Jan 1, 2014 12:14:38 PM

Technology is great
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txequitygas
Champion Author Houston

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Message Posted: Jan 1, 2014 12:01:13 PM

good make it work!
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pscamp
Champion Author Ottawa

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Message Posted: Jan 1, 2014 11:59:43 AM

Sigh...
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1GhettoWhipper
Champion Author Indianapolis

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Message Posted: Jan 1, 2014 11:21:08 AM

interesting read.......
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marcelpr
Champion Author New Orleans

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Message Posted: Jan 1, 2014 11:14:39 AM

Alberta is crude.
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DoctorV
Champion Author Detroit

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Message Posted: Jan 1, 2014 11:06:29 AM

Some interesting points:

1) "The strategy reflects a view that deep discounts for less-processed heavy oil will collapse as export pipelines are built. The gap, or differential, has widened to more than US$40 in recent months against the U.S. benchmark West Texas intermediate...Producers are wagering new pipelines such as TransCanada Corp.’s Keystone XL project will be complete by then, shrinking the discount on heavy oil."

2) "Where projects are proposed, they are leaning on public funds. Newspaper mogul David Black is seeking federal loan guarantees to help finance a proposed refinery and upgrader in Kitimat, B.C. Privately held North West Upgrading Inc. said this month costs for its standalone Sturgeon refinery and upgrader north of Edmonton rose nearly 50% to $8.5-billion.

"The project, a joint venture with Canadian Natural Resources Ltd., will benefit from a bitumen-supply contract with the Alberta government, which is backstopping billions in debt through tolls to see the upgrader built."
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Anty57
Champion Author Montreal

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Message Posted: Jan 1, 2014 11:00:45 AM

ok
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Eagle3236
Champion Author Missouri

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Message Posted: Jan 1, 2014 10:52:06 AM

We need to build the Keystone Pipeline and more refineries ASAP!
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mastermariner
Champion Author Texas

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Message Posted: Jan 1, 2014 10:37:09 AM

xcellent
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SammyAdams
Champion Author Tallahassee

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Message Posted: Jan 1, 2014 10:34:29 AM

Well said, Bobmilan. We, the consumers, are the ones who benefit from this free enterprise system.
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gbs1
Champion Author Minnesota

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Message Posted: Jan 1, 2014 10:31:38 AM

Look to the future and lets make it work.
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Bobmilan
Champion Author Louisville

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Message Posted: Jan 1, 2014 10:24:25 AM

The "Evil" profit motivator produces great results again.
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