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Posts tagged “bitumen”

By Robert Rapier on Dec 16, 2013 with 21 responses

How Bitumen Gets to Market

Introduction

Today’s article concludes the series covering my recent trip to the Athabasca oil sands around Fort McMurray, Alberta. This is an annual trip hosted by the Canadian government for energy journalists to raise overall awareness on issues involving the oil sands. Expenses for the trip were paid for by the Canadian government.

Previous articles in this series include:

In today’s final article I want to discuss the logistics involved in getting the oil sands to market. There is a narrative widely promoted by some environmental groups that they can successfully stall oil sands development by shutting off new routes to market. CONTINUE»

By Robert Rapier on Dec 9, 2013 with 15 responses

The Cost of Production and Energy Return of Oil Sands

Introduction

Today’s article continues the series covering my recent trip to the Athabasca oil sands around Fort McMurray, Alberta. This is an annual trip that the Canadian government hosts for energy journalists, and expenses for the trip were paid for by the Canadian government.

Previous articles in this series include:

Today I want to discuss in more detail the two companies that we visited on this trip: Canadian Natural Resources Limited (NYSE: CNQ, TSE: CNQ) and Cenovus Energy (NYSE: CVE, TSE: CVE). I will detail the cost of oil sands production via the different methods these companies utilize, as well as the energy return on energy invested (EROEI) of extracting the bitumen. CONTINUE»