Canadian oil sands producers commit to net-zero
Jun 10, 2021 4:00:pm
Summary
by: Dale Lunan
Posted in:
Canadian oil sands producers commit to net-zero
Five of Canada’s largest oil sands producers said June 9 they would embark on a path to net-zero by 2050, utilising a range of technologies to slash greenhouse gas (GHG) emissions.
The Oil Sands Pathways to Net Zero initiative is a collaboration of Canadian Natural Resources Limited (CNRL), Cenovus Energy, ExxonMobil affiliate Imperial, MEG Energy and Suncor Energy, which collectively account for 90% of Canada’s oil sands production and contribute about 68mn mt/yr of CO
2 to Canada’s GHG inventory. Under the Pathways initiative, they plan to lower their overall emissions by 22mn mt/yr by 2030 and cut another 25mn mt by 2040 before reaching net-zero by 2050.
Canadian Oil Production Propping Up Gas Demand
Mar 15, 2021 6:38:pm
Summary
by: Daniel Graeber
Posted in:
Canadian Oil Production Propping Up Gas Demand
Natural gas demand in the energy-rich Canadian province of Alberta is on the rise this year, data analytics firm Enverus said in a March 15 blog, with most of the tug coming from oil sands production.
Enverus said total provincial demand for natural gas averaged 7.7bn ft
3/day in February, an all-time high and in stark contrast to the first half last year, when global oil demand destruction in the wake of the Covid-19 pandemic slashed demand for gas in Alberta’s oil sector by 22%. As with much of North America, cold weather in February impacted demand for natural gas, though production trends in the oil sands are also playing a role.
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