Sentences with phrase «crude oil projects»

The ruling arose from the expropriation of ConocoPhillips» investments in two heavy crude oil projects in 2007 at a time then - President Hugo...

They're gunning so hard for this archaic crude oil project that Finance Minister Bill Morneau promised Wednesday in a press conference the federal government would cover the dollars developer Kinder Morgan...

Not exact matches

Andurand, who runs oil hedge fund Andurand Capital Management LLP, wrote in a string of tweets on Sunday that companies may be less willing to risk investment in long term oil projects because of low crude barrel prices and a predicted peak in electric vehicle demand.

U.S. oil giants Exxon Mobil and ConocoPhillips both left huge crude projects in Venezuela's Orinoco Belt after President Hugo Chavez nationalized them as part of his socialist revolution.

«Market fundamentals remain supportive, as crude oil prices are relatively rangebound, providing stability to customers as they evaluate projects,» said Baker Hughes Chief Executive Officer Lorenzo Simonelli in a statement.

The depressed prices mean lower prices for refiners and less pump pain for North American drivers, but it's hardly good news for Canada's oil industry, which spent billions on oilsands projects after world crude prices had risen high enough to justify the investment.

(In 2011, Cenovus Energy let on that output from two of its in situ oilsands projects could meet the standard, which mandates that crude oil imported to the state have lower wells - to - wheels emissions than the average of all crudes sold in the U.S.) «Yes, I think that's feasible,» says George Hoberg, a political scientist at the University of British Columbia who specializes in environmental conflict.

«Rail and supporting non-pipeline modes should be capable, as was projected in 2011, of providing the capacity needed to transport all incremental Western Canadian and Bakken crude oil production to markets if there were no additional pipeline projects approved.»

The workers oversaw operations and procurement at Petropiar, an oil upgrading project co-owned by PDVSA and Chevron to transform Orinoco Belt's extra heavy crude into an exportable product.

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.

He said regulatory confusion and delays in Canada have prevented the timely completion of pipeline projects such as the Trans Mountain expansion, leading to difficulty in getting crude oil to markets and the current steeper - than - usual discounts being paid for Canadian oilsands crude compared with benchmark New York - traded oil.

It adds that «approval or denial of the proposed project is unlikely to have a substantial impact on the rate of development in the oil sands, or on the amount of heavy crude oil refined in the Gulf Coast area.»

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..

Furthermore, while the company does have another potentially significant growth opportunity on the horizon in its CA$ 20 billion ($ 15 billion) Frontier oil sands mining project, it appears to be a long shot of moving forward considering where crude is these days.

The price gap between Canadian and world oil prices has shrunk as more oil has been loaded on to train cars and smaller pipeline projects in the US have helped siphon off the backlog of crude piling up in the Midwest.

«Extraction from the Canadian oil sands continues to grow and with crude oil prices back above $ 70 (U.S.) a barrel, new greenfield projects and previously shelved expansions are once again starting to become viable,» wrote senior currency strategist Matthew Strauss.

On the bright side, the companies have started production of ultra-heavy crude oil at their Hangingstone Oil Sands Project in Albeoil at their Hangingstone Oil Sands Project in AlbeOil Sands Project in Alberta

Goldman says the lingering effects will be «modestly bearish,» projecting a 40 - million - barrel increase in crude oil inventories.

Conventional crude oil prices are now below $ 50 a barrel, and last week Royal Dutch Shell cited «uncertainties» over pipeline shipments in canceling a $ 2 billion oil - sands project.

TransCanada has said its shippers remain committed to the project, which would deliver diluted bitumen from Alberta's oil sands to refineries on the Gulf Coast that are specifically equipped to process heavy crude.

After having the project rejected by former president Barack Obama, TransCanada Corp. has re-applied for approval of the Keystone XL line, which would deliver Alberta oil sands crude to refineries in the U.S. Gulf Coast.

Crude oil was little changed near a five - month high as pending sales of U.S. existing homes jumped along with spending on construction projects.

Find out more about our growth projects — including crude oil and liquids pipelines, renewables, and natural gas pipelines and processing — that will help keep North Americans on the move.

Kinder Morgan's Alberta lobbying efforts over the past nine months focused exclusively on the Trans Mountain expansion, seeking, amongst other objectives, to «convey economic importance and benefits of the proposed Trans Mountain Expansion Project through increase market access for Alberta crude oil products.»

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-...]

«We are set to unveil the world's largest refinery which will make Nigeria self - sufficient in petroleum products refining and also become a major exporter of oil.This project will mark a turning point in Nigeria's search for local refining of crude oil.

Crude oil prices in 2018 are projected to stay around US$ 50.3 per barrel reflecting the higher - than - expected US shale production and production recoveries in Libya and Nigeria.

Mr. Godwin Emefiele, the Governor of the CBN, said this during a tour of the refinery which is projected to refine 650,000 barrels of crude oil per day.

Mr. Speaker, crude oil prices are projected to end 2017 at US$ 50.3 per barrel from the realised price of US$ 43 per barrel in 2016.

With a projected revenue of N3.86 trillion in the face of dwindling crude oil receipts, government estimates that oil revenues contribute N820 billion of the total revenue; non-oil revenues, comprising Company Income Tax, CIT, Value Added Tax, VAT, Customs and Excise duties, and Federation Account levies, are expected to contribute N1.45 trillion; while independent revenues are expected to contribute N1.51 trillion through the enforcement of the Fiscal Responsibility Act, 2007 and public expenditure reforms in all MDAs.

Udoma also stated that the FEC was also projecting a «conservative» $ 38 crude oil price because of the declining global oil price.

It was projected that due to the faulty turret bearing component of the FPSO which occasioned a reduction in volumes from 100,000 barrels to as low as 33,000 barrels of crude a day, Ghana's total production of oil could be in the neighbourhood of 63,000 barrels a day.

But the administration has now taken a similar tack on a number of other controversial projects, staying silent rather than approving or blocking them, including a major proposed propane storage project in the Finger Lakes, the construction of new liquefied natural gas storage areas across the state and a crude - oil heating facility at the Port of Albany.

Cuomo has adopted a similar delay policy on a number of other politically fraught energy projects, avoiding easily discernible positions on the proposed propane storage project in the Finger Lakes and on a crude - oil rail hub in Albany.

County Executive Dan McCoy issued a moratorium on a project by Global Partners — a Port of Albany tenant — to build a crude oil heating facility that would make it easier to pump in cold weather and has been vocal about the threat that the trains pose to communities situated beside train tracks.

Buhari said that the implementation of the 2016 Budget was hampered by the low oil prices in the first quarter of 2016, and disruptions in crude oil production which led to significant shortfalls in projected revenue.

The leader of the team disclosed that with the poor revenue from the Federation Account which is largely sourced from crude oil sales, the current administration of President Muhammadu Buhari is looking for other sources of revenue to execute capital projects and provide social services for the people.

The proposal is the latest in a series of planned pipelines and expansion projects as a flood of crude from the oil sands and the Bakken shale oil field stretches existing networks.

Kerry's testimony came on the heels of a loud call by more than half the Senate demanding the Obama administration quickly approve the Keystone XL pipeline project that would ship about 700,000 barrels of crude daily from Canada's oil sands to refineries along the Gulf of Mexico.

Agnes Denes Pyramids of Conscience, 2005 Crude oil, Tap water (City of New York), Polluted water (New York Harbor), the Mirror, in which you see yourself make decisions about Water for Humanity Steel, Wood, Acrylic, Mirror 51» x 51» x 56» Courtesy of the artist and Leslie Tonkonow Artworks + Projects Photography © Benjamin Lozovsky / BFAnyc.

From the 1st of March 2016 British Artist Piers Secunda will be exhibiting his new crude oil prints at Art Bermondsey Project Space.

The president faces equally strong pressure from industry, the Canadian government, many Republicans and some Democrats in Congress, local officials and union leaders, who say the project will create thousands of jobs and provide a secure source of oil that will replace crude from Venezuela, Saudi Arabia and other potentially hostile suppliers.

Based on information and analysis about the North American crude transport infrastructure (particularly the proven ability of rail to transport substantial quantities of crude oil profitably under current market conditions, and to add capacity relatively rapidly) and the global crude oil market, the draft Supplemental EIS concludes that approval or denial of the proposed Project is unlikely to have a substantial impact on the rate of development in the oil sands, or on the amount of heavy crude oil refined in the Gulf Coast area.

Today, the United States is first in natural gas production, petroleum refining and soon to be the No. 1 producer of crude oil as early as this year, with some projecting we are already there.

The bill authorizes construction of the Keystone XL pipeline, the $ 7 billion shovel - ready project to deliver up to 830,000 barrels per day of Canadian crude oil to Midwest and Gulf Coast refineries.

The U.S. oil industry is playing the «China card» in urging the American government to quickly approve TransCanada Corp.'s proposed Keystone XL pipeline project, which will deliver oil sands crude to Gulf Coast refineries.

TransCanada Corporation, on behalf of the Keystone Pipeline partnerships (Keystone) between TransCanada and ConocoPhillips, plans to expand the still - to - be-completed Keystone crude oil pipeline system project (earlier post) to provide additional capacity of 500,000 barrels per day... Read more →

The ERCB is projecting the production of synthetic crude oil from bitumen to almost triple over the forecast period.

Enbridge Inc. and ExxonMobil Pipeline Company have agreed to jointly assess the commercial development of a new pipeline project to transport crude oil from Patoka, Illinois to Beaumont, Texas, and onward to Houston.

Canada — in the broadest collective sense, in whatever way we are all one — is as fully dug in on the production of oil sands crude as it has been in any of its resource projects.