Sentences with phrase «cost oil projects»

We believe that unconventional and high - cost oil projects (oil sands and deep water) are particularly exposed to financial risk.

Shell underestimates risk for up to $ 77 bln of high cost oil projects Responding to Shell: An Analytical...

Shell underestimates risk for up to $ 77 bln of high cost oil projects The Carbon Tracker Initiative (CTI) and Energy...

The Carbon Tracker Initiative, which first coined the term the «carbon bubble», foresaw last year that any oil price slide would make many unconventional and high - cost oil projects uneconomic and risked wasting huge piles of investors» cash.

Not exact matches

Costs back then were still low by today's standards, but the integrated mining operations were seeing operating costs of $ 12 - 18 / bbl and new projects needed $ U.S. oil prices of $ 20 - $ 30 to generate reasonable rates of reCosts back then were still low by today's standards, but the integrated mining operations were seeing operating costs of $ 12 - 18 / bbl and new projects needed $ U.S. oil prices of $ 20 - $ 30 to generate reasonable rates of recosts of $ 12 - 18 / bbl and new projects needed $ U.S. oil prices of $ 20 - $ 30 to generate reasonable rates of return.

Shell has been selling off billions of dollars worth of projects, including the oil sands, that it believes can't meet its new low - cost bar.

It's one of the country's largest oil and gas producers, but, says Cheng, price differentials between Canadian and world oil prices, low natural gas prices, cost inflation and project delays caused investors to get antsy.

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.

As the Canadian market faces $ 50 / bbl oil, stakeholders in the project delivery chain recognize that business models and processes need to change to be competitive, reduce costs and protect investments.

Three such examples are Aimsio, a digital ticketing software that streamlines field operations by enabling users to file reports, dispatch resources and track project progress all from one central location; DarkVision, which developed a new ultrasound technology that allows companies to create 3D images of the inside of oil wells, enabling them to make more informed and cost - effective production decisions; and Unsist, which uses artificial intelligence to help oil and gas companies make better production and operational choices.

To be certain, the opposition to projects like the Keystone XL pipeline, which would carry Alberta oil sands products to US markets, and the Northern Gateway pipeline, which would carry oil sands products to a new west coast terminal for export to Pacific markets, has caused delays and increased costs to proponents.

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...

Newspapers across the country have highlighted layoffs, delays in new projects, and provincial budget deficits as oil sands producers and liquefied natural gas (LNG) export proponents cut costs to...

Forget the fixed costs of development; just the operating costs of keeping a project online are significantly higher than the revenue that an oil sands producer would earn from selling their bitumen.

His Vice President mesmerised the whole world with his famous $ 15 million addressing system, his cousin, the Finance Minister sat in his room with his wife and business associates and issued a $ 2.25 bond on behalf of the people of Ghana, his ministers are inflating cost of projects in the name of «typo error» and his cousins selling our oil like tomatoes on Mallam Atta market.

According to Mr. Boateng, «the total development cost for the Sankofa Gye Nyame oil fields is estimated to be 6 billion dollars, with the initial development cost, that's if you take the integrated project well over 5.8 billion dollars.»

The announcements reflect a continuing trend of lenders and Wall Street institutions stepping away from fossil fuel projects, in particular coal and cost - intensive oil projects, such as offshore and Arctic drilling.

«Steam is the largest cost associated with producing oil in these thermal projects,» says GlassPoint vice president John O'Donnell.

Is the «business as usual» approach — subsidizing fossil - fuel supply and nuclear energy and large hydro projects, maintaining low energy prices to consumers by keeping environmental and political costs «external,» propping up oil supply by every available means — part of the solution or part of the problem?

And we're talking about an unconventional oil & gas project here, and a farm - out deal signed literally a month before the oil price collapse (in mid-2014)-- today, we're in a horrible environment, with resource companies (large & small) slashing expenditures simply to survive, and focused solely on their lowest - cost / highest - probability prospects.

UNTITLED PROJECT: COMMODITY [CAPITAL], oil on carved wood, printed mail order form, 2007 >> a mail - order project produced for the exhibition The Irresistible Force at Tate Modern in London ---- featuring a carved and painted copy of Karl Marx's Capital, Volume I (1867) priced at # 18.99 + # 6.01 shipping and handling, which was at that time the exact cost of the real paperback ordered from PenguinPROJECT: COMMODITY [CAPITAL], oil on carved wood, printed mail order form, 2007 >> a mail - order project produced for the exhibition The Irresistible Force at Tate Modern in London ---- featuring a carved and painted copy of Karl Marx's Capital, Volume I (1867) priced at # 18.99 + # 6.01 shipping and handling, which was at that time the exact cost of the real paperback ordered from Penguinproject produced for the exhibition The Irresistible Force at Tate Modern in London ---- featuring a carved and painted copy of Karl Marx's Capital, Volume I (1867) priced at # 18.99 + # 6.01 shipping and handling, which was at that time the exact cost of the real paperback ordered from Penguin Books.

via: The Star, Calgary Herald and EcoGeek Tar Sands Tar Sands: The Most Destructive Project on Earth Economic, Environmental Costs of Developing Tar Sands & Oil Shale «Unthinkable»: WWF - UK A Picture is Worth... The Alberta Tar Sands

via:: San Jose Business Journal Falling Renewable Energy Costs Rising Oil Prices Make Wind Cost - Competitive New Solar Panels Produced at Less Than $ 1 Per Watt Solar photovoltaic (PV) Costs Projected to Plunge Over 40 %

The first projects using floating wind turbines are also now entering into operation, based on concepts widely deployed in the offshore oil and gas sector; cost - competitive floating technologies would widen the economic resource base for offshore electricity generation considerably.

The costs of many offshore oil and gas projects have come down sharply in recent years, as companies try to ensure their viability in a shale - inspired lower price environment.

ALEC believes the Keystone XL Pipeline project could «ensure America's oil independence, improve our national security, reduce the cost of gasoline, create new jobs, and strengthen ties between the United States and Canada.»

The analysis found, somewhat surprisingly, that only proceeding with lower cost, less carbon - intensive projects needed to satisfy demand in a carbon - constrained world will add over $ 100 billion to the value of the world's seven oil majors, unless oil prices spike beyond $ 100 a barrel for a sustained period of time — well over OPEC's long - term average assumption of around $ 80 a barrel.

Thus far, CCS development has been held back by the projected costs, but big oil's involvement could be a game changer in the quest to fully commercialize CCS.

(07/21/2008) Shell Oil is funding a project that seeks to test the potential of adding lime to seawater as a cost - effective way to fight global warming by sequestering large amounts of carbon dioxide in the world's oceans, reports Chemistry & Industry magazine.

Reduce dependency on (imported) fossil fuels (balance of payments, reliance on potentially unfriendly or unstable nations as suppliers, high cost at the pump, all problems as seen from US viewpoint): — encourage nuclear power generation (cut red tape)-- encourage energy savings and improved efficiency projects (tax breaks)-- encourage basic research into new (non fossil fuel) resources (subsidies)-- encourage imports from friendly neighbor, Canada (Keystone pipeline)-- encourage local oil and gas exploration («drill, baby, drill»)-- encourage «clean coal» projects (tax incentives)-- set goal to become energy independent within ten years

The analysis, which completes the think - tank's series of Carbon Supply Cost Curves, follows a similar approach to the oil and coal studies published last year that identify high - carbon, high - cost projects for investCost Curves, follows a similar approach to the oil and coal studies published last year that identify high - carbon, high - cost projects for investcost projects for investors.

«Oil majors have had phases of prioritising value over volume in the past, but that has to become permanent, as the risk premium for pursuing high cost projects is increasing,» said Paul Spedding, former global head of oil and gas research at HSBC and adviser to Carbon TrackOil majors have had phases of prioritising value over volume in the past, but that has to become permanent, as the risk premium for pursuing high cost projects is increasing,» said Paul Spedding, former global head of oil and gas research at HSBC and adviser to Carbon Trackoil and gas research at HSBC and adviser to Carbon Tracker.

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).

Our carbon supply cost curves use the IEA 450 scenario allocation of the budget to each fuel — coal, oil and gas — to test which projects are within the budget.

Federal Petroleum Resource Rent Tax (PRRT) All onshore and offshore oil and gas extraction projects are required to pay the federal Petroleum Resource Rent Tax (PRRT), but this is intended to be a «super profits» tax payable only after all exploration, establishment, and operational costs have been recovered.

The Phase 2 heavy - duty program is projected to save 800,000 barrels of oil per day by 2040 and thereby reduce fleet operating costs, translating to consumers saving money on goods they purchase.

«Efforts to stay within a carbon budget, increase fuel efficiency, reduce costs and improve air quality mean that if capital continues to flow into oil sands, the projects risk becoming stranded assets», says Carbon Tracker's research director, James Leaton.

This revealed approval of the controversial Keystone XL (KXL) pipeline would only have a marginal positive impact of the economics of the Canadian oil - sands industry, but could trigger a rush of investment into additional risky high - cost, high - carbon projects, dependent on rising oil prices.

As described in our report «Carbon Supply Cost Curves: Evaluating Financial Risk to Oil Capital Expenditures», such break - even price can be considered the maximum threshold up to which oil projects become high - risk and high - cCost Curves: Evaluating Financial Risk to Oil Capital Expenditures», such break - even price can be considered the maximum threshold up to which oil projects become high - risk and high - coOil Capital Expenditures», such break - even price can be considered the maximum threshold up to which oil projects become high - risk and high - cooil projects become high - risk and high - costcost.

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

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Our first in depth analysis on oil supply and demand demonstrated that the fundamentals did not support such a high oil price, flagging the high risk nature of high cost projects that would soon become evident as the price dropped.

«A new study called Solar Vision 2025, issued by the Canadian Solar Industry Association and prepared by consultants Ernst & Young, reports the cost of solar power projects will be cut by more than 50 % before 2025, making the solar electricity competitive with electricity generated by oil, gas, hydro or nuclear plants,» said Dr. Shawn Qu, CEO and President of Canadian Solar.

Although the Petra Nova Project, by comparison, is often cited to have cost about $ 1 billion this includes the pipeline and a capital project to get the oil field ready to receive CO2, costs that would not necessarily be incurred by all prProject, by comparison, is often cited to have cost about $ 1 billion this includes the pipeline and a capital project to get the oil field ready to receive CO2, costs that would not necessarily be incurred by all prproject to get the oil field ready to receive CO2, costs that would not necessarily be incurred by all projects.

• The shale revolution has created a new competitive environment for investment in offshore oil and gas • Policy support and technology developments promise major cost reductions for the next wave of offshore wind projects

This is especially true for high cost, high carbon, high risk frontier projects such as offshore Arctic oil.

Yet talk about pace and scale of development in Canada's oil sands is considered unspeakable — a blasphemy — in political and industry circles, even though oil sands projects are widely recognized as the highest - risk, highest - cost projects in the industry, and likely the first to be impacted as the noose of climate policy tightens.

Coal magnate John Rich admits that because of ballooning costs and lack of government support, he has given up on setting a timeline for the construction of the Gilberton Coal - to - Clean - Fuels and Power Project, the nation's first coal - to - oil plant, in Gilberton, Pennsylvania.

Plus... Shell announces first carbon capture project in the Alberta Tar Sands; Arctic oil and natural gas's high cost to limit their global share.

«This multi-billion dollar pipeline project had a human cost: the cost was people who did not receive the share of oil wealth running under their feet; people whose rights were violated, who have lost their farmlands and livelihoods at the cost of the pipeline that carries energy, but not for them,» Effendi told the FiftyCrows Foundation for social change photography.