Sentences with phrase «bbl less»
Not exact matches
By 2009, the NEB pegged the break - even price for new oilsands projects at a U.S. $ 55 - 70 / bbl WTI price, and the expected quantity had been scaled back largely due to the financial crisis, to less than 3 million barrels per day by 2015.
http://www.canadianbusiness.com/
Operating costs for non-integrated mines like Kearl, estimated at less than $ 7.50 / bbl in today's dollars in 2004 are now projected to be about $ 18.50 / bbl.
Shell Offshore Inc. (Shell), a subsidiary of Royal Dutch Shell plc, today announces the final investment decision for Vito, a deepwater development in the U.S. Gulf of Mexico with a forward - looking, break - even price estimated to be less than $ 35 / bbl.
Fortunately, BBL is less than 2 % of the portfolio, so overall its income is not a high percentage of the total.
And BBL might be in an even better position than some of oil companies due to less major competition for some of the resources they mine for.
The price of oil didn't shoot up from $ 20 / bbl to $ 100 / bbl in less than ten years because of production expense.
Westexas documents how the Available Cumulative Net Exports (CNE)(Global net exports less imports by China and India) halved from 11 to 5 billion bbl between 2002 and 2011.