Sentences with phrase «athabasca oil sands project»

Part of Shell's Athabasca oil sands project in Alberta, Canada.

The future viability of oil sands projects depends not just on your view of world oil prices — it depends just as much on how these factors evolve, in particular discounts to Canadian heavy products and the Canadian dollar.

First, I want to look at how the changes not just in oil prices, but also changes in diluent costs, discounts for oil sands crude relative to light crude and, in particular, the fall of the Canadian dollar have changed the outlook for new oil sands projects — for those under construction, and for those currently operating.

If you're talking about a new project with no significant investment already deployed, building a new mine if you expect today's prices to hold in the long term is a tough call — a 50 - year oil sands project is a lot of risk for less than a 10 % rate of return — but even there, you can see the impact of the lower Canadian dollar and the hedge provided by a royalty regime which lowers rates when prices are low.

Since July, oil prices have fallen significantly, and with them the revenue earned or expected from oil sands projects, present and future.

Next, I want to address the potential impact of new GHG policies on oil sands projects — in short, I want to show that the Prime Minister's contention that it would be crazy to impose new GHG regulations on the oil sands sector is incorrect.

Here, in part one of three, are my notes on oil sands project viability in this new, low - price environment.

In preparation for testimony before the House of Commons finance committee in Ottawa on March 10, I pulled together some thoughts on three aspects of the impact of the oil - price crash on oil sands projects and policies, and I thought I'd share them with you here over this and the next couple of posts.

Back in March, 1,000 construction workers employed on contract to work on the $ 3.2 billion Sunrise oil sands project were laid off.

If you're talking about a new project with no significant investment already deployed, building a new mine if you expect today's prices to hold in the long term is a tough call — a 50 year oil sands project is a lot of risk for less than a 10 per cent rate of return — but even there, you can see the impact of the lower Canadian dollar and the hedge provided by a royalty regime which lowers rates when prices are low.

This improvement even comes before Teck's multibillion - dollar investment in the Fort Hills oil sands project starts up by the end of the year.

Does anyone know of a source where they keep track of oil sands projects and when they're supposed to start production?

The growth of oil sands had previously put the loonie in a good position, but those massive oil sands projects are struggling to stay alive right now — at best.

Similarly, lower oil prices are prompting Big Oil to shelve plans for multi-billion dollar oil sands projects in northern Alberta.

Proposed carbon pricing legislation in the U.S. as well as low carbon fuel standards being adopted by California and other states could make many oil sands projects marginal or entirely uneconomic in future.

The interview is a bit of pure madness, but it brings up an interesting point about the financial media's continued inability to understand the difference between a trend and three or four deals involving oil sand projects and how assets factor into individual balance sheets.

Murphy has hired an investment bank to explore options for its stake in a Canadian oil sands project as well as its Montney natural gas assets in British Columbia.

Soon, Lake explains, he'll start looking for a lifestyle increasingly on offer to mobile young people like him: work at a northern Alberta oil sands project, but live further south, either flying in and out of a camp or driving up once a week.

Is a multi-well horizontal drilling project off of a single surface location materially different than a small - scale oil sands project?

Canada's largest integrated energy company has filed an application for a massive new oil sands project defying expectations of slowing growth in the oil sands.

I am not suggesting that an oil sands project like Shell's could never be «justified in the circumstances» under CEAA, 2012.

Most importantly, they are entirely project - specific; nowhere is there any discussion of the GHGs associated with multiple oil sands project, to say nothing of a total projected growth to 6.2 million barrels / day by 2035.

So, while a boycott — whether of tourism or of oil sands products — might be, in and of itself, ineffectual in halting oil sands development, it may still contribute to a more challenging business case for future oil sands projects.

Falling oil prices and rising costs have prompted Stavanger, Norway - based Statoil ASA to suspend work on its 40,000 - barrel / day tar sands / oil sands project in northern...

The company and its domestic affiliate, Imperial Oil Ltd., have developed the Kearl and Cold Lake oil sands projects and have a major stake in the Syncrude Canada plant.

Teck Resources Ltd. [TECK.B - TSX; TECK - NYSE] and Suncor Energy Inc. [SU - TSX] are taking a bigger stake in the Fort Hills oil sands project in Alberta, Teck said in a progress update....

National Bank also highlighted that major maintenance initiatives are planned at Syncrude Canada Ltd., Canadian Natural Resources Ltd.'s Athabasca oil sands project and Suncor Energy Inc.'s base plant — which cumulatively could reduce industry oil output by 650,000 barrels per day in the coming months, easing some of the stress on full pipeline networks.

The EIA in February reported that Canada pumped an average of 4.5 million barrels a day in 2015, and predicted this would rise to 4.8 million in 2017 as oil sands projects under construction when oil prices began to fall in 2014 come on line.

Three weeks after finishing his first year in mechanical engineering at Queen's University in Ontario, Neil Pandya was in a remote area of northeast Alberta at Cenovus Energy's Christina Lake oil sands project.

It has signed long - term agreements with nine communities near its oil sands projects.

Recent cancellations of Alberta tar sands / oil sands projects point to the uphill battle the industry will face as innovation transforms the global energy economy, Jerry Oppenheim of the New Climate Economy project told an event last month hosted by Corporate Knights and Sustainable Prosperity.

Lonestar frequently provides services for drilling operations, oil sands projects, plant maintenance, as well as commercial, municipal and civil projects.

After my post last night got me reading Budget 1980 and the National Energy Program, I stumbled upon something completely fascinating: the hated National Energy Program proposed an indexed price for synthetic crude from oil sands projects which, had it been followed until today, would have been above the Canadian dollar price of WTI in -LSB-...]

It may be too late to halt existing oil sands projects, but the exploitation of this carbon pool has just barely begun.

Enbridge, meanwhile, announced it will spend $ 200 million on a new pipeline to connect Athabasca Oil Corp's planned Hangingstone oil sands project in northern Alberta to its regional pipeline network.

«Based on evidence raised across our many disciplines, we offer a unified voice calling for a moratorium on new oil sands projects,» the scientists write.

Expect more oil sands projects to capture and reuse waste heat and embrace alternative processes that consume less energy.

The company holds a 36.75 % interest in the Joslyn north oil sands project which was shelved pending an economic review by operator Total S.A. in May 2014.

In fact, the oil sands project will ultimately generate 11,219,000 person - years of high - paying employment from Alberta to British Columbia, Ontario and the Maritime Provinces, say government sources.

The oil sands project is hardly perfect.

Oil sands projects vary widely in carbon intensity.

Alberta's share from oil sands projects under the new royalty regime (hatched blue) compared to other countries.

Some companies are actively developing oil sands project phases previously placed on hold and investor interest in new projects also continues to increase, CAPP says

In addition, a major expansion of Imperial Oil's Kearl oil sands project recently came online in the midst of the down cycle, further depressing prices for tar sands oil.

That's because although a high oil price of $ 50 - $ 70 is necessary to justify investing billions into a new oil sands project, the variable costs of getting a barrel of oil from existing operations are much lower (as low as $ 10 for steamed oil and low $ 20s for mined oil).

Last Wednesday and Thursday, courtesy of the good folks at American Petroleum Institute (API), I and other bloggers toured two large Canadian oil sands projects near Fort McMurray, Alberta.

Of course, the development of new oil sands projects depends on a recovery in the world oil price.

After all, new oil sands projects on the drawing board have costs per barrel well above current market prices.

Her argument was that the new oil sands projects are already approved and will happen anyway, new pipelines or not.

Proposed carbon pricing legislation in the U.S. as well as low carbon fuel standards being adopted by California and other states could make many oil sands projects marginal or entirely uneconomic in future.