Sentences with phrase «for oil projects»

A return rate that Baytex claims is one of the highest for any oil project in North America.

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 Indproject and a slower ramp up in liquids - rich natural gas output from its BD Project in IndProject in Indonesia.

Job creation is projected to slow down over the next few years due to technological advances in oil sands processing and a slower growth in international demand for oil products, but the growing demand for base metals is expected to buoy employment opportunities.

If you want to know what the break - even price for new oilsands projects is (at least for the marginal project), look at the forecast of future oil prices.

A May 2013 report from the Canadian Energy Research Institute estimated that new oil price break - even requirements would be, «$ 77.85 / bbl for SAGD projects; $ 103.16 / bbl for integrated mining and upgrading projects; and $ 99.49 / bbl for stand - alone mining projects.»

It is redesigning its deepwater oil platforms and onshore shale - gas projects to simplify them, a major cultural change at a firm that has long prided itself more for engineering prowess than for economic discipline.

Goldman Sachs has downgraded its estimations for oil prices for this year, citing a potential rise in shale gas production, new projects and OPEC restrictions.

Job creation is, however, projected to slow over the next few years due to technological advances in oil sands processing and slower growth in international demand for oil products.

Obama raised new questions about the project during a trip to Asia late last week, saying it would not lower gas prices for U.S. drivers but would allow Canada to «pump their oil, send it through our land, down to the Gulf, where it will be sold everywhere else.»

Santos and Quadrant Energy have signed a deal for the sale of the Stag oil project in the Carnarvon Basin to Malaysian company Sona Petroleum for $ US50 million ($ A70 million).

Oil and gas company AWE has sold its stake in the Cliff Head offshore oil project to Elixir Petroleum, for an upfront payment of $ 1 milliOil and gas company AWE has sold its stake in the Cliff Head offshore oil project to Elixir Petroleum, for an upfront payment of $ 1 millioil project to Elixir Petroleum, for an upfront payment of $ 1 million.

Mr Stephen Rogers chief executive of Clough's Oil and Gas business unit said that the Apache project would generate a strong and consistent earnings stream for the Oil and Gas business unit, with positive cash flow, and as the contract is rates based, Clough does not assume any lump - sum risk.

That's despite the fact premiers Christy Clark and Alison Redford, in a backgrounder to their recent agreement on the ground rules for building pipelines, warned that oil may end up crossing B.C. by train en route to Asia regardless of whether the Northern Gateway or Trans - Mountain Expansion projects go ahead.

Perth - based Carnarvon Petroleum says it will invest about $ 10 million to acquire 3D and 2D seismic data, which will allow the company to expand its search for oil and gas at its Phoenix project off the Pilbara coast.

Additionally, it comes at a time when oil prices are on the rise, but stuck in a range that makes multibillion - dollar projects in new offshore areas unattractive for many drillers.

Recent federal lease sales have generated a tepid response, said Imran Khan, who leads Wood Mackenzie's commercial valuation team for oil and gas projects in the Gulf of Mexico.

US - focused oil and gas exploration company Target Energy has announced plans for a $ 3.6 million capital raising, a farm - in agreement for a project in South Texas and changes to its board.

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.

These efforts are bearing fruit for Weatherhaven, which recently partnered with Brazilian construction and logistics company Esbracon, to provide up to 10 sustainable camp projects for oil and gas exploration giant, HRT of Brazil.

The NOCs are being approached by lawyers and investment bankers not just from Calgary but from Houston and Melbourne too, seeking patient capital for long - timeline projects while equity prices for energy companies have been steadily sinking on stock markets despite the high price of oil.

Earlier on Monday ABB said it is putting its turnkey projects arm for the oil and gas industry into a joint venture majority owned by Saudi Arabia's Arkad Engineering & Construction.

Under former president Barack Obama, Transcanada Corp's Keystone XL oil pipeline was rejected in 2015 after environmentalists campaigned against the project for more than seven years.

We apply this to our teams, so say it's an eight - week project, we're going to meet once a week for 15 minutes to make sure everything's functioning like a well - oiled machine.

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.

The move to 100 % of the Montney project is a major coup for Calima that will be sure to raise its profile with the oil and gas heavyweights of North America who are eager to get a share of the action in the liquids - rich basin.

But the defense contractor experienced a double whammy in 2014 between falling oil prices (triggering cutbacks on energy projects) and the substantial withdrawal of U.S. troops from Iraq, reducing the need for the company's services there.

If you're talking about a new project with no significant investment already deployed, building a new mine if you expect today's prices to hold in the long term is a tough call — a 50 - year oil sands project is a lot of risk for less than a 10 % rate of return — but even there, you can see the impact of the lower Canadian dollar and the hedge provided by a royalty regime which lowers rates when prices are low.

Despite the challenges, Kearl remains a «very, very attractive project» that will produce oil for four or five decades, Rolheiser said.

In preparation for testimony before the House of Commons finance committee in Ottawa on March 10, I pulled together some thoughts on three aspects of the impact of the oil - price crash on oil sands projects and policies, and I thought I'd share them with you here over this and the next couple of posts.

In addition to tax changes (more on that below), Trump's plan to grow the economy focuses largely on generating more jobs in the fossil fuel economy (in coal and onshore and offshore drilling for oil and gas) and as a result of new infrastructure projects.

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.

But Exxon has continued to invest heavily in projects that will not produce oil or gas for years.

July 27, 2012: B.C. Premier Christy Clark announces her government will not support Northern Gateway or any other oil pipeline project unless it meets five conditions, including a «fair share»» of revenues for the province.

«For the largest, most complicated capital projects in oil, gas, mining, and infrastructure, it's really Bechtel and Fluor,» says Yuri Lynk, an analyst with Canadian capital markets firm Canaccord Genuity.

The global collapse in commodities prices has forced oil and mining companies to cancel plans for aluminum smelters, copper mines, and new LNG projects.

That's because while the first oilsands projects were open - pit mines (and those still account for more than half the oilsands output), about 80 % of the remaining oil lies too deep to mine.

Papa believes Permian production will not be able to satisfy the world's growing appetite for oil, and he warns the underinvestment in new oil projects could lead to undersupply.

In a matter of hours, Aschidamini can pool together top - tier resumes and form well - oiled offshore teams for any industry, from marketing to tech development — regardless of the project brief.

If you're talking about a new project with no significant investment already deployed, building a new mine if you expect today's prices to hold in the long term is a tough call — a 50 year oil sands project is a lot of risk for less than a 10 per cent rate of return — but even there, you can see the impact of the lower Canadian dollar and the hedge provided by a royalty regime which lowers rates when prices are low.

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..

The province's oil and natural gas revenue is projected to shoot up by 54 per cent to the highest level in three years, but those three years combined will be equal to what a good year used to be for Alberta's coffers.

Oil sands players, as well as U.S. producers in North Dakota, have been clamouring for pipeline approvals, claiming that all of the political foot dragging around pipeline projects weakened pricing power and critically hampered their operations.

Similarly, lower oil prices are prompting Big Oil to shelve plans for multi-billion dollar oil sands projects in northern Alberoil prices are prompting Big Oil to shelve plans for multi-billion dollar oil sands projects in northern AlberOil to shelve plans for multi-billion dollar oil sands projects in northern Alberoil sands projects in northern Alberta.

The project would not increase greenhouse gas emissions, State reasoned, because the oil would be produced for somebody to use in any case.

Murphy has hired an investment bank to explore options for its stake in a Canadian oil sands project as well as its Montney natural gas assets in British Columbia.

Soon, Lake explains, he'll start looking for a lifestyle increasingly on offer to mobile young people like him: work at a northern Alberta oil sands project, but live further south, either flying in and out of a camp or driving up once a week.

Beyond the actual gas project and LNG sales, China's state - run shipping conglomerate COSCO has also secured a 50 percent stake in the four LNG shipping carriers serving Yamal.90 Chinese engineers and workers have been deployed to the Yamal Peninsula to help construct surrounding infrastructure, which includes a Chinese - produced polar drilling rig.91 Moreover, a Chinese oil and gas rig producer now provides Russia with about 60 percent of its imported oil rig supplies, indicating that China is becoming a dominant player in this sphere.92 Chinese media recently hailed Yamal as an example of China's construction and engineering prowess and a symbol of its transformation into an Arctic player.93 In return for China stepping into support the project, senior officials from Novatek, the main shareholder of the project, announced that the first LNG shipment would symbolically go to China.94 But a British subsidiary of Malaysia's Petronas purchased the first shipment of Yamal LNG and sold it to France's Engie, which then shipped the cargo to its Boston import facility for American use.95 Western sanctions on Novatek, Russia's largest independent national gas producer and a company with close ties to the Kremlin, made Yamal's pivot to China possible, as sanctions forced Russia to find an alternative source of investment and technology.

While those prices aren't going to cause any existing oil sands operations to shut down, the muted outlook for commodity prices is already prompting large players to shelve plans for new projects.

I worry that the real danger might be the polarization between coast defenders and those who think oil and gas projects are essential for their economic futures.

One included a $ 750 million contract to a Chicago - based company for work on Exxon's huge Kearl Oil Sands project, one of the largest it has anywhere in the world.