Energy and how it is captured and consumed is barely viable in tar sands production. While the amount of oil in places such as the tar sands in Alberta or the Orinoco Belt in Venezuela may have deposits of similar size to the reserves of countries such as Saudi Arabia or Iraq, the return of new energy after expending energy in production is not even close. In Iraq, the process of using one barrel of oil generates 100 new barrels. In the tar sands, estimates of 3 to 1 and even as low as 1.5 to 1 have been made. Offsetting the net energy loss would require minimally 25-30 tar sands facilities for one Saudi plant operating at the same capacity.
An ill wind in oil country
A heavy smell of tar hangs over this hamlet, and when people and animals got sick, some residents began to make a stink of their own
Josh Wingrove
From Saturday's Globe and Mail
Jul. 24, 2010
Richard Langer never wanted attention. If the 72-year-old had his way, he would have stayed quietly on his ranch forever. It's where he was born, where he has raised a family and made his living.
Proposed rules for oilsands water-removal inadequate: First Nations
Wants Athabasca protected during low flow
By Hanneke Brooymans,
edmontonjournal.com
July 23, 2010
EDMONTON — First Nations in northeastern Alberta have problems with a proposed management system for the Athabasca River that would allow oilsands operators to withdraw water during critical times of low flows.
The recommended water-withdrawal rules were released earlier this year and have since been reviewed l by the Athabasca Chipewyan and Mikisew Cree First Nations.
Agencies Differ on Oil Sands Pipeline
July 21, 2010, 10:03 am
By ELISABETH ROSENTHAL
NYTimes
As we’ve reported, the State Department is considering whether to approve a huge new pipeline called Keystone XL that will bring crude from Canada’s oil sands all the way to the Gulf of Mexico.
A new pipeline would vastly expand the amount of oil extracted from Canadian oil sands that is used in the United States – which could be good in terms of energy security.
What Those Who Killed the Tar Sands Report Don't Want You to Know
Why did a parliamentary committee suddenly destroy drafts of a final report on tar sands pollution? Here's what they knew.
By Andrew Nikiforuk, 15 Jul 2010,
TheTyee.ca
Shredder
Shredded: Standing Committee on Environment and Sustainable Development abruptly cancelled tar sands report.
CPPIB buys Laricina stake, extends oil sands foray
2010-07-06
By Pav Jordan
TORONTO, July 6 (Reuters) - Canada Pension Plan Investment Board extended its foray into Canada's oil and gas sector on Tuesday, buying a 17.1 percent stake in closely held Calgary oil sands company Laricina Energy Ltd.
The CPPIB, which invests surplus cash from the national Canada Pension Plan, has some C$127 billion ($121 billion) in assets under management. The board paid C$250 million, or C$30 each, to acquire more than 8.3 million common shares of Laricina in a private placement.
Ophir to Acquire Interest in Madagascar Block
Ophir Energy plc
|
Tuesday, July 13, 2010
Ophir has entered into an agreement with Wilton Petroleum to acquire an 80% interest and Operatorship of a Production Sharing Contract (PSC) over an area designated as the Marovoay Block 2102, onshore Madagascar.
The Block 2102 lies in the coastal area of northwest Madagascar covering an area in excess of 12,000km2. The PSC was awarded to Wilton following a competitive licensing round in 2006.
Madagascar: Heavy Oil Promises a Bright Future for this Island Country
~July 17 2010
Pretty soon, the world’s fourth-largest island off the southeastern coast of Africa will be known more for heavy oil than it is known for the ring-tailed lemur. Experts estimate that out of the 600,000 square miles that make up Madagascar, half of the island is covered by the heavy oil-rich sedimentary basins of Morondava, Majunga and Ambilobe.
Total expands oil sand holdings
July 12, 2010
CALGARY, Alberta, July 12 (UPI) -- French energy company Total is looking to expand its holdings in oil sands through a $1 billion deal to tap into Alberta, Canada, recent transactions show.
Total is expanding its portfolio in Alberta's tar sands through a $1 billion bid for UTS Energy of Calgary, the Financial Times reports.
Alberta assets held by UTS Energy are estimated at more than 3 billion barrels of oil, the report adds.
Ignatieff — in Alberta — talks down proposed oilsands pipeline
By Renata D’Aliesio, Canwest News Service
July 11, 2010
CALGARY — Federal Liberal Leader Michael Ignatieff chastised the Harper government Saturday for waiting too long to build a relationship with China — but he remained steadfast against the prospect of tankers shipping oilsands fuel to Asia from the northern B.C. coast.
Ignatieff, in Calgary for a Liberal Stampede breakfast fundraiser, renewed his call for a ban on oil tankers in northern British Columbia.
This project-- Devon Jackfish-- had only just announced their approval to double in size. They also just got a few million dollars as "cutting edge leaders" in C02 "capture" technology. They are supposed to be among the best of the tar sands companies in terms of "performance" and "doing the right thing".
