|
|
 |
|
Viewing report
|
|
|
|
Oil Sands and Orimulsion Report Ed 2 2007
ABS Energy Research, Jan 2007, Pages: 33
The Oil Sands and Orimulsion Report is the successor to the Fourth Fossil Fuel Report. It looks at Non-Conventional Oil, the Canadian Oil or Tar Sands, Venezuelan bitumen, Orimulson - the 4th Fossil Fuel. Debate about the extent of the world's remaining oil reserves and their rate of depletion is ongoing, following a spate of shock devaluations of reserves by many oil majors. The Oil Sands and Orimulsion Report, examines the current debate about the definition and measurement of fossil fuel reserves and depletion.
There is increasing pressure to include non-conventional oil in reserves, by far the largest being the Canadian oil or tar sands, and Venezuelan bitumen. For a long time however they were recognised but were largely ignored. The technology needed to extract them was a late development and the cost of cleaning them environmentally was prohibitive. This has changed – immense strides have been taken to resolve these problems. Historical definitions are examined and explained.
The Fourth Fossil Fuel is a resource for the future and anyone who is concerned with energy markets should read the Oil Sands and Orimulsion Report and be aware of its potential and likely development.
Introduction
- Debate about the extent of the world’s remaining oil reserves and their rate of depletion is ongoing, following a spate of shock devaluations of reserves by many oil majors
- There is increasing pressure to include non-conventional oil in reserves, by far the largest being the Canadian oil or tar sands, and Venezuelan bitumen
- Although recognised they were for a long time largely ignored
- The technology needed to extract them was a late development and the cost of cleaning them environmentally was prohibitive
- This has changed – immense strides have been taken to resolve these problems
- Since 2003 Canada has included non-conventional oil & tar sand in national reserves
- The Canadian oil sands received less prominence than Venezuelan Orimulsion but the reserves in Canada far exceed those of Venezuela and production volume is growing
Report Scope
- This report, successor to 'The 4th Fossil Fuel', examines the current debate about the definition and measurement of fossil fuel reserves and depletion, following a spate of devaluations of reserves by oil and gas majors
- Historical definitions are examined and explained
- The report looks at Non-Conventional Oil, the Canadian Oil or Tar Sands, Venezuelan bitumen, Orimulson - the 4th Fossil Fuel
- The large oil companies are acquiring rights in the Canadian Oil Sands and increasing including them in their portfolios, Shell made a major acquisition in 2006. Venezuelan Orimulsion is owned by the state-owned utility Petróleos de Venezuela S.A., PDVSA
Key Research Findings
- The global energy community is currently engaged in debate about the extent of the world’s remaining oil reserves and the rate of their depletion
- Traditional orthodoxy is being challenged and the actual definitions of the resource itself and of the term 'reserves' are under scrutiny
- Environmental considerations are being debated – pollution resulting from combustion and the threat of spill during transportation, as well as the cost of producing clean fuel for bitumen
- The Canadian oil sands may require expensive technology to exploit but they have two huge advantages: the reserves are immense, and unlike Middle East oil, they are in one of the safest countries of the world
- Is the 4th Fossil Fuel shifting the geopolitical balance of oil and gas?
- The Fourth Fossil Fuel is a resource for the future and anyone who is concerned with the energy markets should be aware of its potential and likely development
Product samples
A sample for this product is available. Please Login/Register to download this sample.
Customers who bought this item also bought
Oil Sands and Orimulsion Market Potential
Oil Sands Global Market Potential 2008
Alberta Oil Sands Industry - Insights
Financial Crisis to Impact Canadian Oil Sands Exploration projects
Oil Sands Global Market Potential 2007
Canadian Oil Sands Trust Energy Oil & Gas SWOT Report
Canadian Oil Sands Trust - Financial and Strategic Analysis Review
The Essence of Oil & Gas Depletion
Canadian Oil Sands Trust Company Profile
Peters & Co.North American Oil and Gas Conference - Canadian Oil Sands Trust, - Earnings Transcript
Oil Sands - Alberta 2006: Projects, Participants & Market Opportunities
Oil and Gas Industry - Global Outlook
|
|
|
|
