Canadian oil sands producers, facing a double whammy of low oil prices and higher taxes in Alberta, are slashing spending, suspending production, cutting jobs and halting shareholder dividends.
Most of the oil shipped on the line will come from
Canadian oil sands producers, which have been under from some U.S. environmental groups and legislators for boosting greenhouse gas emissions because of expanding production in the oil sands — a Florida - sized region of northern Alberta that contains the largest oil reserves outside the Middle East.
The plays off of the pipeline construction are improved probability by
the Canadian oil sands producers, a slight positive impact on Gulf Coast margins, and the construction and E&C companies involved.
In contrast, we had nice returns in a number of our media, insurance and food stocks, among others, including Axel Springer, Schibsted, Zurich Insurance, Berkshire Hathaway, and Nestlé, but it was unfortunately not enough to overcome the continued pressure on our oil & gas stocks, which included fully integrated holdings such as Total and Royal Dutch; exploration and production companies such as Devon Energy and Pacific Rubiales;
Canadian oil sands producers such as Cenovus; and energy service holdings such as Halliburton and National Oilwell Varco.
Analysts at Canaccord Genuity said Monday the project's $ 5.3 - bilion northern leg «is no longer a necessity» for
Canadian oil sands producers, thanks to the sudden rise of crude - carrying unit trains and rival pipeline schemes proposed by Enbridge Inc..
Not exact matches
For the past two years, OPEC's pump - at - will policies have flooded the market with cheap supply, causing economic pain for
producers with higher cash costs, including those involved in fracking, the
Canadian oil sands and deepwater drilling.
As I wrote in my blog over a year ago, («
Oil Price Spread Costing Canadian producers big bucks,» November 10, 2011), oil sands producers have been continually getting short - changed for their oil by refineries in Cushing, Oklahoma, where most of the product from the oil sands flo
Oil Price Spread Costing
Canadian producers big bucks,» November 10, 2011),
oil sands producers have been continually getting short - changed for their oil by refineries in Cushing, Oklahoma, where most of the product from the oil sands flo
oil sands producers have been continually getting short - changed for their
oil by refineries in Cushing, Oklahoma, where most of the product from the oil sands flo
oil by refineries in Cushing, Oklahoma, where most of the product from the
oil sands flo
oil sands flows.
«Investors are looking for shorter turnaround on their capital,» says Ben Brunnen, vice-president of
oil sands for the
Canadian Association of Petroleum
Producers (CAPP).
Last month, the
Canadian Association of Petroleum
Producers organised a field trip for a group of economics professors to see a couple of the
oil sands installations.
My University of Alberta colleague Andrew Leach is fond of pointing out that exports of manufactured products from Southwestern Ontario push up the value of the
Canadian dollar, making life more difficult for
oil sands producers.
The government and the
oil and gas industry have spent lavishly to promote fossil fuel development, but a poll for the
Canadian Association of Petroleum
Producers found that only 51 % of us think tar
sands /
oil sands development is worth the environmental risk; 49 % think it isn't.
The company, Canada's No. 2 pipeline operator, released a letter sent to U.S. Secretary of State John Kerry and other department officials saying that increased carbon levies for Alberta
oil sands producers and new
Canadian targets for greenhouse - gas emission cuts should serve to help assuage U.S. concerns that approving the C$ 8 billion ($ 6.41 billion) project would increase climate change.
Last week, Bill McCaffrey, chief executive of
oil sands producer MEG Energy Corp., said his company is considering such exports as it becomes easier to move
Canadian crude to Houston through expansions of the pipeline network.
Construction of the Keystone XL pipeline will improve the ability of
producers to export south from the
Canadian oil sands, across the U.S. border to Steele City, Nebraska.
Canadian pipeline firms,
oil sand producers and gulf coast refiners are some of the winners from the projects approval.
Canadian producers are now locked into U.S. Midwest and Ontario markets, which have limited capacity to process additional volumes of
oil sands bitumen.
In an interview with The Globe and Mail editorial board, David Collyer, president of the
Canadian Association of Petroleum
Producers, said the Keystone XL line is needed to connect the Alberta
oil sands with refiners who have invested billions of dollar to upgrade their plants so that they can process heavy grades of crude.
Oil sands growth will drive Canadian crude oil production to about 4.7 million barrels per day by 2025 from 2.8 million bpd in 2010 — a 67 % increase — according to the latest forecast from the Canadian Association of Petroleum Producers (CAP
Oil sands growth will drive
Canadian crude
oil production to about 4.7 million barrels per day by 2025 from 2.8 million bpd in 2010 — a 67 % increase — according to the latest forecast from the Canadian Association of Petroleum Producers (CAP
oil production to about 4.7 million barrels per day by 2025 from 2.8 million bpd in 2010 — a 67 % increase — according to the latest forecast from the
Canadian Association of Petroleum
Producers (CAPP).
Publicly described as an «ALEC Academy,» documents obtained by CMD show the legislators were accompanied on a chartered flight by a gaggle of
oil - industry lobbyists, were served lunch by Shell Oil, dinner by the Canadian Association of Petroleum Producers, and that the expenses of the trip were paid for by TransCanada and other corporations and groups with a direct financial interest in the Alberta tar sands and the proposed Keystone XL (KXL) pipeli
oil - industry lobbyists, were served lunch by Shell
Oil, dinner by the Canadian Association of Petroleum Producers, and that the expenses of the trip were paid for by TransCanada and other corporations and groups with a direct financial interest in the Alberta tar sands and the proposed Keystone XL (KXL) pipeli
Oil, dinner by the
Canadian Association of Petroleum
Producers, and that the expenses of the trip were paid for by TransCanada and other corporations and groups with a direct financial interest in the Alberta tar
sands and the proposed Keystone XL (KXL) pipeline.
Above is what they say on their website, but in interview in the National Post, the new head of the
oil sands producers» lobby Canadian Association of Petroleum Producers sings a differ
producers» lobby
Canadian Association of Petroleum
Producers sings a differ
Producers sings a different tune.
The figure below shows forecasts of
oil sands production made by the
Canadian Association of Petroleum
Producers (CAPP) every year from 2006 to 2012 (except 2009).