Sentences with phrase «more oilsands projects»

It benefits when more oilsands projects go ahead.

Not exact matches

Probably more important to CNOOC than the 35 % stake in the problem - plagued Long Lake project that provides all of Opti's cash flow are the three undeveloped oilsands properties which it can now proceed to develop at a time of its choosing using the best technology available.

Falling within his portfolio are the company's Canadian operations, including the Athabasca oilsands project and its growing interests in liquefied natural gas (LNG), including a proposed export terminal in Kitimat, B.C., with a rumoured price tag of more than $ 12 billion.

Until now, Alberta's nine open - pit oilsands mining projects have endured far greater regulatory scrutiny than the more than 200 in situ projects, which are typically smaller in scale.

That was followed in 2012 by Victoria newspaper publisher David Black's much more ambitious but somewhat speculative Kitimat Clean project, consisting of a $ 25 - billion oil refinery in the northern town that would create jobs and taxes in B.C. while ensuring that the exports were of finished products rather than the diluted bitumen from the oilsands whose behavior in the case of a marine spill is virtually unknown.

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.

After all, prior to the Great Recession, Alberta's industrial heartland looked poised to become an upgrading mecca, with new refinery projects expected to boost local production of oilsands crude by more than half a million barrels a day.

ARC Energy Research Institute forecasts $ 30 billion will be spent in conventional and tight oil and gas formations in Canada this year, which is more than twice the $ 12 billion in investment projected to go into the oilsands, but still well below the peak of $ 46 billion spent in Canadian conventional oil and gas production in 2014.

«Even though all the projects come to me for my final signature, you get a couple of lines as to what that film is and we're looking at now how do I get more information about it because — oh, it's a film about Alberta, it's a film about the oilsands — but who knew what it meant at the time?»