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Sturgeon Refinery
The Sturgeon Refinery also NWR Sturgeon Refinery is an bitumen refinery built and operated by North West Redwater Partnership (NWRP) in a public-private partnership with the Alberta provincial government. It is located in Sturgeon County northeast of Edmonton, Alberta, in Alberta's Industrial Heartland. Premier Jason Kenney announced on July 6, 2021, that the province of Alberta had acquired NWRP's equity stake, representing 50% of the $10-billion project, with the other 50% owned by Canadian Natural Resources. Ownership and organization The Sturgeon refinery is owned and operated by the Canadian Natural Resources Ltd. and the Alberta government. On July 6, 2021 Premier Jason Kenney announced that the province of Alberta had acquired a 50% "equity stake" in the Sturgeon Refinery through the APMC, which now owns the "stake previously owned by Calgary-based North West Refining Inc." In the Financial Post article reporting the acquisition, the refinery was described as "over-bu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Canada
Canada is a country in North America. Its Provinces and territories of Canada, ten provinces and three territories extend from the Atlantic Ocean to the Pacific Ocean and northward into the Arctic Ocean, making it the world's List of countries and dependencies by area, second-largest country by total area, with the List of countries by length of coastline, world's longest coastline. Its Canada–United States border, border with the United States is the world's longest international land border. The country is characterized by a wide range of both Temperature in Canada, meteorologic and Geography of Canada, geological regions. With Population of Canada, a population of over 41million people, it has widely varying population densities, with the majority residing in List of the largest population centres in Canada, urban areas and large areas of the country being sparsely populated. Canada's capital is Ottawa and List of census metropolitan areas and agglomerations in Canada, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Strathcona County
Strathcona County is a Specialized municipalities of Alberta, specialized municipality in the Edmonton Metropolitan Region within Alberta, Canada between Edmonton and Elk Island National Park. It forms part of Division No. 11, Alberta, Census Division No. 11. Strathcona County is both urban and rural in nature. Approximately of its population lives in Sherwood Park, which is an urban service area east of Edmonton, remains an unincorporated hamlet (place), hamlet. The balance lives beyond Sherwood Park within a rural service area. History In Treaty 6, the First Nations ceded their title to the land that would become Strathcona County. Local governance began in 1893 when the North-West Territories, North-West Territorial Legislature established an area east of Edmonton as ''Statute Labour District No. 2''. It then grew in size over the following decade and was renamed ''Local Improvement District (LID) No. 517'' in 1913. In 1918, ''LID No. 517'' became a List of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Progressive Conservative Association Of Alberta
The Progressive Conservative Association of Alberta, often referred to as the Progressive Conservative Party of Alberta, was a provincial centre-right party in the Provinces and territories of Canada, Canadian province of Alberta that existed from 1905 to 2020. The party formed the provincial government, without interruption, from 1971 until the party's defeat in the 2015 Alberta general election, 2015 provincial election under premiers Peter Lougheed, Don Getty, Ralph Klein, Ed Stelmach, Alison Redford, Dave Hancock and Jim Prentice. At 44 years, this was the longest unbroken run in government at the provincial or federal level in Canadian history. In July 2017, the party membership of the PC and the Wildrose Party voted to approve a merger to become the United Conservative Party (UCP). Due to previous legal restrictions that did not formally permit parties to merge or transfer their assets, the PC Party and Wildrose Party maintained a nominal existence and ran one candidate each ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2008 Financial Crisis
The 2008 financial crisis, also known as the global financial crisis (GFC), was a major worldwide financial crisis centered in the United States. The causes of the 2008 crisis included excessive speculation on housing values by both homeowners and financial institutions that led to the 2000s United States housing bubble, exacerbated by predatory lending for subprime mortgages and deficiencies in regulation. Cash out refinancings had fueled an increase in consumption that could no longer be sustained when home prices declined. The first phase of the crisis was the subprime mortgage crisis, which began in early 2007, as mortgage-backed securities (MBS) tied to U.S. real estate, and a vast web of Derivative (finance), derivatives linked to those MBS, collapsed in value. A liquidity crisis spread to global institutions by mid-2007 and climaxed with the bankruptcy of Lehman Brothers in September 2008, which triggered a stock market crash and bank runs in several countries. The crisis ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Alberta Royalty Review
The 2007 Alberta Royalty Review was an independent panel, chaired by William M. Hunter, established by the government of Alberta to review the level of resource royalties collected by the provincial government from petroleum and natural gas companies. In their final report entitled "Our Fair Share" released on September 18, 2007, the panel concluded that Albertans, who own their natural resources, were not receiving their "fair share" from energy development. Royalty rates and formulas had "not kept pace with changes in the resource base and world energy markets." As a result of the review new regulations came into effect under the Alberta Mines and Minerals Act including the Petroleum Royalty Regulation, 2009, and the Natural Gas Royalty Regulation, 2009. The government of Alberta expected to collect approximately $2 billion annually with new royalty formulas implemented in 2009. Instead of an increase in royalties on oil and gas, Alberta collected $13.5 billion less from 2009 to 2 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Propane
Propane () is a three-carbon chain alkane with the molecular formula . It is a gas at standard temperature and pressure, but becomes liquid when compressed for transportation and storage. A by-product of natural gas processing and petroleum refining, it is often a constituent of liquefied petroleum gas (LPG), which is commonly used as a fuel in domestic and industrial applications and in low-emissions public transportation; other constituents of LPG may include propene, propylene, butane, butene, butylene, butadiene, and isobutylene. Discovered in 1857 by the French chemist Marcellin Berthelot, it became commercially available in the US by 1911. Propane has lower volumetric energy density than gasoline or coal, but has higher gravimetric energy density than them and burns more cleanly. Propane gas has become a popular choice for barbecues and portable stoves because its low −42 °C boiling point makes it vaporise inside pressurised liquid containers (it exists in two pha ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Butane
Butane () is an alkane with the formula C4H10. Butane exists as two isomers, ''n''-butane with connectivity and iso-butane with the formula . Both isomers are highly flammable, colorless, easily liquefied gases that quickly vaporize at room temperature and pressure. Butanes are a trace components of natural gases (NG gases). The other hydrocarbons in NG include propane, ethane, and especially methane, which are more abundant. Liquefied petroleum gas is a mixture of propane and some butanes. The name butane comes from the root but- (from butyric acid, named after the Greek word for butter) and the suffix -ane (for organic compounds). History The first synthesis of butane was accidentally achieved by British chemist Edward Frankland in 1849 from ethyl iodide and zinc, but he had not realized that the ethyl radical dimerized and misidentified the substance. It was discovered in crude petroleum in 1864 by Edmund Ronalds, who was the first to describe its proper ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Diesel Fuel
Diesel fuel, also called diesel oil, heavy oil (historically) or simply diesel, is any liquid fuel specifically designed for use in a diesel engine, a type of internal combustion engine in which fuel ignition takes place without a spark as a result of compression of the inlet air and then injection of fuel. Therefore, diesel fuel needs good compression ignition characteristics. The most common type of diesel fuel is a specific fractional distillation, fractional distillate of petroleum fuel oil, but alternatives that are not derived from petroleum, such as biodiesel, biomass to liquid (BTL) or gas to liquid (GTL) diesel are increasingly being developed and adopted. To distinguish these types, petroleum-derived diesel is sometimes called petrodiesel in some academic circles. Diesel is a high-volume product of oil refineries. In many countries, diesel fuel is standardized. For example, in the European Union, the standard for diesel fuel is EN 590. Ultra-low-sulfur diesel (ULSD) i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ultra-low-sulfur Diesel
Ultra-low-sulfur diesel (ULSD) is diesel fuel with substantially lowered sulfur content. Since 2006, almost all of the petroleum-based diesel fuel available in Europe and North America has been of a ULSD type. The move to lower sulfur content allows for the application of advanced emissions control technologies that substantially lower the harmful emissions from diesel combustion. Testing by engine manufacturers and regulatory bodies have found the use of emissions control devices in conjunction with ULSD can reduce the exhaust output of ozone precursors and particulate matter to near-zero levels. In 1993 the European Union began mandating the reduction of diesel sulfur content and implementing modern ULSD specifications in 1999. The United States started phasing in ULSD requirements for highway vehicles in 2006, with implementation for off-highway applications, such as locomotive and marine fuel, beginning in 2007. Lubricity Sulfur is not a lubricant in and of itself, but it ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Athabasca Oil Sands
The Athabasca oil sands, also known as the Athabasca tar sands, are large deposits of oil sands rich in bitumen, a heavy and viscous form of petroleum, in northeastern Alberta, Canada. These reserves are one of the largest sources of unconventional oil in the world, making Canada a significant player in the global energy market. As of 2023, Canada's oil sands industry, along with Western Canada and offshore petroleum facilities near Newfoundland and Labrador, continued to increase production and were projected to increase by an estimated 10% in 2024 representing a potential record high at the end of the year of approximately 5.3 million barrels per day (bpd). The surge in production is attributed mainly to growth in Alberta's oilsands. The expansion of the Trans Mountain pipelinethe only oil pipeline to the West Coastwill further facilitate this increase, with its capacity set to increase significantly, to 890,000 barrels per day from 300,000 bpd currently. Despite this growth, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bitumen
Bitumen ( , ) is an immensely viscosity, viscous constituent of petroleum. Depending on its exact composition, it can be a sticky, black liquid or an apparently solid mass that behaves as a liquid over very large time scales. In American English, the material is commonly referred to as asphalt or tar. Whether found in natural deposits or refined from petroleum, the substance is classed as a pitch (resin), pitch. Prior to the 20th century, the term asphaltum was in general use. The word derives from the Ancient Greek word (), which referred to natural bitumen or pitch. The largest natural deposit of bitumen in the world is the Pitch Lake of southwest Trinidad, which is estimated to contain 10 million tons. About 70% of annual bitumen production is destined for road surface, road construction, its primary use. In this application, bitumen is used to bind construction aggregate, aggregate particles like gravel and forms a substance referred to as asphalt concrete, which is collo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Enhanced Oil Recovery
Enhanced oil recovery (abbreviated EOR), also called tertiary recovery, is the extraction of crude oil from an oil field that cannot be extracted after primary and secondary recovery methods have been completely exhausted. Whereas primary and secondary recovery techniques rely on the pressure differential between the surface and the underground well, enhanced oil recovery functions by altering the physical or chemical properties of the oil itself in order to make it easier to extract. When EOR is used, 30% to 60% or more of a reservoir's oil can be extracted, compared to 20% to 40% using only Extraction of petroleum#Primary recovery, primary and Extraction of petroleum#Secondary recovery, secondary recovery. There are four main EOR techniques: carbon dioxide (CO2) injection, gas injection, thermal EOR, and chemical EOR. More advanced, speculative EOR techniques are sometimes called quaternary recovery. Carbon dioxide injection, known as CO2-EOR, is the most common method. In thi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
