Sentences with phrase «with oilsands production»

With oilsands production expected to keep growing, crude - by - rail shipments could peak as high as 590,000 barrels a day in 2019 if producers don't resort to crude storage in peak months, the IEA said.

Coincidentally, the light oil price forecast of the day had also crept up, to U.S. $ 24 / bbl plus inflation, with oilsands production expected to reach 2.2 million barrels per day by 2015.

Not exact matches

On Thursday, it announced it would reduce its production guidance for the year by about 10,000 barrels of oil equivalent per day to an average of about 315,000 boe / d, with exit production of about 335,000 boe / d, to account for lower heavy oil production, an advanced schedule for maintenance at its Tucker oilsands project and a slower ramp up in liquids - rich natural gas output from its BD Project in Indonesia.

In fact, with oil prices increasing only with inflation from $ 18 / bbl in 2000, the NEB expected total oilsands production to reach 1.6 million barrels per day by 2015.

The spill also highlighted awareness of the risks associated with oil and gas production — sure, oilsands might have appeared relatively better as a result, but in absolute terms, they were easily portrayed as yet another example of the high costs and high risks associated with oil extraction.

Add to that a substantial corporate reorganization at the top, which included both promoting some long - term Husky insiders, but also bringing on - board five new senior VPs with deep oilpatch experience (including John Myer, now Husky's senior vice-president of oilsands, from Suncor Energy, and Rob Symonds, Husky's senior vice-president of Western Canada productions, from Enerplus Resources Fund), and Ghosh was ready to focus on crafting the new Husky story.

After all, prior to the Great Recession, Alberta's industrial heartland looked poised to become an upgrading mecca, with new refinery projects expected to boost local production of oilsands crude by more than half a million barrels a day.

The Alberta and federal governments talk about reducing emissions but somehow believe expanding oilsands production and shipping dirty bitumen around the world to be burned are compatible with their climate plans.

The commentary, published in the British scientific journal, Nature Climate Change, estimated the impact of consuming the fuel from oilsands deposits â $» without factoring in greenhouse gas emissions associated with extraction and production â $» would be far less harmful to the planet's atmosphere than consuming all of the world's coal resources.

If we replaced all of today's global oil production with oilsands product, it would take 80 years to produce 2.4 trillion barrels.