Currently, Alberta prices GHGs
from oil sands producers and other large emitters using its Specified Gas Emitters Regulation (SGER), which came into force in 2007.
Not exact matches
Suncor Energy Inc., the world's second - largest
oil -
sands producer, said first - quarter profit fell 23 percent on lower output, higher costs and absence of a gain
from insurance settlements a year earlier.
Despite the layoffs and poor performance in its first quarter, Suncor, Canada's largest
oil sands producer, continues pumping out crude, outputting 602,400 barrels per day during the first quarter — up 10 %
from the same period last year.
As I wrote in my blog over a year ago, («
Oil Price Spread Costing Canadian producers big bucks,» November 10, 2011), oil sands producers have been continually getting short - changed for their oil by refineries in Cushing, Oklahoma, where most of the product from the oil sands flo
Oil Price Spread Costing Canadian
producers big bucks,» November 10, 2011),
oil sands producers have been continually getting short - changed for their oil by refineries in Cushing, Oklahoma, where most of the product from the oil sands flo
oil sands producers have been continually getting short - changed for their
oil by refineries in Cushing, Oklahoma, where most of the product from the oil sands flo
oil by refineries in Cushing, Oklahoma, where most of the product
from the
oil sands flo
oil sands flows.
My University of Alberta colleague Andrew Leach is fond of pointing out that exports of manufactured products
from Southwestern Ontario push up the value of the Canadian dollar, making life more difficult for
oil sands producers.
Energy
producers can calculate, almost down to the barrel, how much
oil can be extracted
from a tar
sands plot.
It is relatively costly to produce
oil from Alberta's unconventional
oil sands, thus making it difficult for
producers to profitably produce and sell
oil in North America.
That can easily happen in a world of $ 100
oil, because such high prices offer enough incentive for
producers to bring on new supplies
from expensive sources such as the Bakken or Alberta's
oil sands.
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.
Extracting
oil from Alberta, Canada's
oil sands is expensive, so Cenovus» shares generally benefit more
from rising
oil prices than most other energy
producers.
The draft law was kept on ice during trade talks between the European Union and Canada, the world's biggest
producer of
oil from tar
sands, which culminated in a multi-million-dollar pact signed earlier this year.
Construction of the Keystone XL pipeline will improve the ability of
producers to export south
from the Canadian
oil sands, across the U.S. border to Steele City, Nebraska.
It will reduce
producer's transportation costs, while also increasing the average price per barrel as
oil from the
sands starts to trade more in line with WTI.
Canadian pipeline firms,
oil sand producers and gulf coast refiners are some of the winners
from the projects approval.
Oil sands growth will drive Canadian crude oil production to about 4.7 million barrels per day by 2025 from 2.8 million bpd in 2010 — a 67 % increase — according to the latest forecast from the Canadian Association of Petroleum Producers (CAP
Oil sands growth will drive Canadian crude
oil production to about 4.7 million barrels per day by 2025 from 2.8 million bpd in 2010 — a 67 % increase — according to the latest forecast from the Canadian Association of Petroleum Producers (CAP
oil production to about 4.7 million barrels per day by 2025
from 2.8 million bpd in 2010 — a 67 % increase — according to the latest forecast
from the Canadian Association of Petroleum
Producers (CAPP).
This briefing finds that the transport of tar
sands oil through pipelines in the United States is exempt from payments into the Oil Spill Liability Trust Fund, which creates a free ride worth over $ 375 million to tar sands oil producers between 2010 and 20
oil through pipelines in the United States is exempt
from payments into the
Oil Spill Liability Trust Fund, which creates a free ride worth over $ 375 million to tar sands oil producers between 2010 and 20
Oil Spill Liability Trust Fund, which creates a free ride worth over $ 375 million to tar
sands oil producers between 2010 and 20
oil producers between 2010 and 2017.
Most of the
oil shipped on the line will come
from Canadian
oil sands producers, which have been under
from some U.S. environmental groups and legislators for boosting greenhouse gas emissions because of expanding production in the
oil sands — a Florida - sized region of northern Alberta that contains the largest
oil reserves outside the Middle East.
In July 2013, Storebrand, a major Norwegian pension fund advisor, excluded
from its Energy Sector all 13 coal
producers and the 6
oil companies with the highest exposure to tar
sands «to reduce Storebrand's exposure to fossil fuels and to secure long term, stable returns for our clients...»»
One of the key findings that emerged
from our research was that this transport differential lowers
producers» costs sufficiently to stimulate a wave of new
oil sands production that would not go ahead if KXL is scrapped.
Tar
sands producers lost $ 30.9 billion
from 2010 through 2013 due to transportation bottlenecks and the flood of crude coming
from shale -
oil fields.
«We recommend that this discussion include a detailed discussion of efforts... by
producers, as well as the government of Alberta, to reduce greenhouse gas emissions
from oil sands production.»
Bitumen, or asphalt, is the feedstock which tar
sands and
oil sands producers remove
from the ground, thick enough to require mining, not pumping.
Just last week, for example, our Upstream Research Company announced that it is licensing ExxonMobil's patented steam injection system and production method, which allows
producers to recover more
oil from Canada's
oil sands with carbon dioxide emissions reduced by up to 10 percent per barrel.
The figure below shows forecasts of
oil sands production made by the Canadian Association of Petroleum
Producers (CAPP) every year
from 2006 to 2012 (except 2009).