Sentences with phrase «new oil sands»

The reason that the Alberta and Canadian governments, along with the oil companies, desperately want the Keystone XL pipeline is because it will encourage more capital investment in new oil sands projects, effectively locking in a revenue stream for decades.

The same question stands for new oil sands projects.

Some commentators on the Keystone decision have noted that, at sub - $ 50 oil, the prospects for new oil sands development are slim, pipeline or not.

What stopping KXL is really about is delaying big capital investments in new oil sands projects.

But a sharp decline in the price of oil makes many of the new oil sands projects less viable.

Her argument was that the new oil sands projects are already approved and will happen anyway, new pipelines or not.

After all, new oil sands projects on the drawing board have costs per barrel well above current market prices.

Of course, the development of new oil sands projects depends on a recovery in the world oil price.

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.

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).

To the suits sneaking past the first nations» drummers protesting a new oil sands pipeline at Enbridge Inc.'s shareholder meeting in Calgary this week, it was easy to dismiss the demonstration as little more than a sideshow.

«Based on evidence raised across our many disciplines, we offer a unified voice calling for a moratorium on new oil sands projects,» the scientists write.

Marc's conservative estimate is that new oil sands production associated with the Trans Mountain Pipeline expansion (just the expansion beyond the existing pipeline) would represent an additional 93 megatonnes of global GHG emissions per year.

Canada's largest integrated energy company has filed an application for a massive new oil sands project defying expectations of slowing growth in the oil sands.

Ultimately, though, the State Department finds that an increase in the amount of oil moved by rail will allow new oil sands production to come on - stream whether or not new pipelines are built.

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.

Not exact matches

And even if that doesn't happen, current prices remain too low to encourage new investment in the oil sands.

Shell has been selling off billions of dollars worth of projects, including the oil sands, that it believes can't meet its new low - cost bar.

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.

Next, I want to address the potential impact of new GHG policies on oil sands projects — in short, I want to show that the Prime Minister's contention that it would be crazy to impose new GHG regulations on the oil sands sector is incorrect.

Here, in part one of three, are my notes on oil sands project viability in this new, low - price environment.

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.

The extraordinary cost reductions achieved by North American oil and gas companies have likely reached their limit, and any boost in profitability for much of the U.S. shale and Canadian oil sands industries will have to come from higher oil prices, according to a new report from Moody's Investors Service.

When prices go up it opens the door to new sources of supply that were previously too expensive to extract (Alberta's oil sands are a case in point).

Indeed, just ask the oil industry itself how important new pipeline connections are to not only increasing production, but also the very commercial viability of the oil sands resource.

HSBC, the biggest bank in Europe and the world's seventh - largest, has resolved to stop funding Arctic drilling, tar sands / oil sands development, and most new...

But when the B.C. government announced this week plans to bar increases to diluted bitumen (oil sands crude) shipments while it launches a new panel study of spill research, the group Stand.earth advised Kinder Morgan investors to call their brokers because this will delay or permanently thwart the company's federally approved Trans Mountain pipeline expansion.

Under the new guidelines, the acquisition of oil sands companies by foreign state - owned enterprises will only be found to constitute a new benefit for Canada in «exceptional circumstances.»

Shell's multi-billion-dollar investment in Alberta's oil sands, along with its new joint venture to build a liquefied natural gas export facility in Kitimat, B.C., make the Swiss - born executive a particularly influential player for Canada's energy sector these days.

From there, they make two calculations to assess the impact of the new, KXL - carried oil sands production on global emissions.

In theory, oil sands operators are required to pledge financial security to pay for future reclamation costs as they build new mines.

Meanwhile, Canada has already served notice that it will intensify efforts to find different markets for oil sands crude — notably China, which could be served with a new pipeline from Alberta to the West Coast.

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.

A few years ago an economic case could have been made to break ground on a major new pipeline project from the oil sands, but that time has now come and gone.

He's signaled he may approve the Keystone XL oil pipeline from Alberta's oil sands to the U.S. Gulf Coast and may authorize new spending and tax cuts, which could boost Canadian exports of raw materials and equipment.

Big Oil is also acutely aware that a major new pipeline project is a critical piece of its huge expansion plans for the oil sanOil is also acutely aware that a major new pipeline project is a critical piece of its huge expansion plans for the oil sanoil sands.

«Extraction from the Canadian oil sands continues to grow and with crude oil prices back above $ 70 (U.S.) a barrel, new greenfield projects and previously shelved expansions are once again starting to become viable,» wrote senior currency strategist Matthew Strauss.

New life was breathed into the Canadian oil sands with a decision by foreign - owned Harvest Operations Corp to commission its BlackGold project south of Fort McMurray.

Do you support a sound and yes environmentally responsible oil industry in Canada or do you support what your new friend Suzuki wants and that is to shut down the oil sands?

Alberta's new emissions regulations, just unveiled by the province's fresh NDP government, are a welcome step towards tailoring environmental policy for the needs of an expanding oil sands sector.

In fact, absent new measures Environment Canada's 2014 emissions trends report projected that oil sands emissions would drive increased emissions from the oil and gas sector of 45 Mt CO2e (to a total of 204 MtCO2e) between 2005 and 2020, offsetting the emission reductions made in other sectors.

To be certain, the opposition to projects like the Keystone XL pipeline, which would carry Alberta oil sands products to US markets, and the Northern Gateway pipeline, which would carry oil sands products to a new west coast terminal for export to Pacific markets, has caused delays and increased costs to proponents.

Speaking in New York in May, Mr. Harper emphasized that the rejection of the Keystone XL pipeline would lead to an increase in oil sands shipments by rail, which he called «more environmentally challenging» than pipelines.

Newspapers across the country have highlighted layoffs, delays in new projects, and provincial budget deficits as oil sands producers and liquefied natural gas (LNG) export proponents cut costs to...

The concern here is that this incidental capacity could add significant weight to frack - sand pricing later this year, especially if drillers start pulling back spending on new wells due to lower oil prices.

VICTORIA — A new proposal for an Alberta oil sands refinery on B.C.'s coast would still rely on the same Enbridge oil pipeline that poses environmental risks to British Columbia's rivers and lakes, and still means an end to the...

New pipeline to tidewater or no, Jason Kenney has vowed to repeal the province's carbon tax and oil sands emissions cap.

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.

There is nothing new about transporting this form of crude oil — and after nearly half a century, there is no evidence that internal corrosion is caused by transporting oil from the Canadian oil sands.

While axing a tax on the fuel Albertans produce is popular, much of the energy sector appears reasonably happy a provincial government is doing things to erase Alberta's old image as an environmental laggard; last month, oil sands heavyweights Suncor and Canadian Natural Resources Ltd. talked up Alberta's new environmental efforts to European investors, and their executives joined Notley on stage when the climate change plan and carbon tax were first announced.