Energy Alberta Corporation (Energy Alberta) has filed an application for a site preparation license for two twin - unit ACR - 1000 CANDU nuclear reactors to provide power
for the oil sands operations in Alberta.
In particular, the company has big plans
for oil sands operations, where volumes are likely to climb 25 % -40 %.
With cash operating costs of $ 34.45 per barrel
for its oil sands operations, Suncor has retained a healthy cash margin through the downturn.
Not exact matches
Exxon has argued against all the other shareholder proposals as well, including a «policy to explicitly prohibit discrimination based on sexual orientation and gender identity»; a policy articulating Exxon's «respect
for and commitment to the human right to water»; «a report discussing possible long term risks to the company's finances and
operations posed by the environmental, social and economic challenges associated with the
oil sands»; a report of «known and potential environmental impacts» and «policy options» to address the impacts of the company's «fracturing
operations»; a report of recommendations on how Exxon can become an «environmentally sustainable energy company»; and adoption of «quantitative goals...
for reducing total greenhouse gas emissions.»
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.
Statoil, Total, Shell and ConocoPhillips have all recently sold off
oil sands stakes
for a total of $ 27.3 billion in cash and shares, leaving most
operations concentrated in the hands of a few large Canadian firms.
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.
With
oil sands operations currently emitting roughly 70 Mt / year, the Alberta Climate Leadership Plan leaves «room»
for emissions from the
oil sands to grow by 30 Mt / year.
This is despite the efficiency gains have been realized
for in situ
oil sands operations and bitumen upgrading facilities, driven in part by Alberta's Specified Gas Emitters Regulation.
However, given that most of Young's statements have equated the
oil sands with the
oil sands mining
operations around Fort Mc Murray, it's worth noting that the mining (and upgrading) of bitumen contributed 32 Mt CO2 emissions to Canada's total in 2011, and that emissions from mining
operations are expected to stay well below those of personal vehicles
for some time.
If there's a bright spot
for the province, however, it's that the ongoing disruption of Alberta
oil sands production — estimated by the Conference Board of Canada to be about 1.2 million barrels a day, comprising nearly $ 1 billion in economic activity — has contributed to a rally in global
oil prices that could give producers, and therefore the Alberta economy, a badly - needed lift once production is finally back on - line (assuming, of course, the fires are eventually extinguished and
oil sands operations escape serious damage).
With Suncor is positioned nicely from a reserve standpoint, with
operations in northern Alberta (which is second only to Saudi Arabia in production among
oil sands regions), its valuation should rise to be more in line with peers, especially as supermajors continue to battle it out
for conventional reserves.
A recent article from Shale Plays Media highlights that just a year ago
oil field fracking
operations used around 2,500 tons of
sand, whereas today the new fracking techniques call
for as much as 8,000 tons of
sand to be pumped into a well.
Lonestar frequently provides services
for drilling
operations,
oil sands projects, plant maintenance, as well as commercial, municipal and civil projects.
Shell Canada has started its commercial - scale Atmospheric Fines Drying field demonstration
for managing tailings from its
oil sands operations.
In the longer term, technologies on the horizon could potentially allow
for significant reductions in emissions from
oil sands operations.
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).
Heavy metal pollution is a growing concern
for communities located near
oil sands operations and downstream from development - causing health problems
for people and wildlife.
A time - lapsed map released today by the World Resources Institute using satellite imagery from Global Forest Watch shows how much forest is being lost in Northern Alberta to make way
for major industrial
operations, mainly to extract
oil from the tar
sands, also referred to as the oilsands.
** By the way, a small research company has recently demonstrated a new technology to effectively remove 98.8 % of the tar /
oil from tailling ponds while supply clean hot water
for adjacent tar
sand operations.
For example, Alberta's energy regulator told many oil sands operators in July that they can't divert water from the Athabasca, Peace and Wabasca rivers for use in their operatio
For example, Alberta's energy regulator told many
oil sands operators in July that they can't divert water from the Athabasca, Peace and Wabasca rivers
for use in their operatio
for use in their
operations.
A few years back I wrote about plans
for the Murphy
Oil Refinery in northeastern Wisconsin to expand operations 700 %, to take advantage of tar sands oil piped in from Cana
Oil Refinery in northeastern Wisconsin to expand
operations 700 %, to take advantage of tar
sands oil piped in from Cana
oil piped in from Canada.
Examples include a dispute between joint venturers over the
operation of a gold mine, a dispute charging an
oil and gas lessee with failure to prevent drainage from an
oil and gas lease, litigation over water rights, a dispute over title to
sand and gravel and a claim
for trespass by the surface owner against the operator of a
sand and gravel mine.
Represented leading
oil sands owner in drafting and negotiating master EPCM, turnaround, design - build, temporary accommodation and other agreements
for use on new projects and existing
operations in the Alberta
oil sands.
Successfully engineered Control Narratives / Cause and Effect diagrams
for shut down keys that described the complete electrical
operation for oil sands plant.