Sentences with phrase «largest oil sands operation»

But Suncor's bread and butter is its Fort McMurray properties in northern Alberta, where the company runs the world's largest oil sands operation.

Not exact matches

Months of deliberations behind closed doors at Shell headquarters in The Hague, Netherlands, had led the top brass at the world's largest non-state-owned oil company by sales to conclude that the energy industry was changing fundamentally — in a way that could turn the profitable oil - sands operation into a liability.

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.

The world's largest oil sands producer, Suncor also has conventional oil and gas operations in the North Sea, North America, Libya and Syria.

Smaller, oil sands - only players such as MEG Energy are more vulnerable during a downturn because they don't have the cash cushion of larger companies and don't have refining operations to offset lost revenue from oil and gas sales.

Oil - sands production emits roughly three times the carbon dioxide of conventional light - oil production and the strip - mining operations involved destroy the landscape in northern Alberta, creating large tailings ponds filled with toxic wastewatOil - sands production emits roughly three times the carbon dioxide of conventional light - oil production and the strip - mining operations involved destroy the landscape in northern Alberta, creating large tailings ponds filled with toxic wastewatoil production and the strip - mining operations involved destroy the landscape in northern Alberta, creating large tailings ponds filled with toxic wastewater.