Sentences with phrase «new oil sands projects»

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.

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.

«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.

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.

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.

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).

Not exact matches

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.

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.

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.

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.

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 company, Canada's No. 2 pipeline operator, released a letter sent to U.S. Secretary of State John Kerry and other department officials saying that increased carbon levies for Alberta oil sands producers and new Canadian targets for greenhouse - gas emission cuts should serve to help assuage U.S. concerns that approving the C$ 8 billion ($ 6.41 billion) project would increase climate change.

Recent cancellations of Alberta tar sands / oil sands projects point to the uphill battle the industry will face as innovation transforms the global energy economy, Jerry Oppenheim of the New Climate Economy project told an event last month hosted by Corporate Knights and Sustainable Prosperity.

A new project at the Alberta oil sands is part of a $ 2 - billion effort to test the technology at an unprecedented scale

The United States now imports 22 percent of its oil from our northern neighbor, and China has also shown interest in Canada's sands, taking a $ 1.7 billion, 60 - percent stake in two new projects in northern Alberta.

According to the minutes of the Houston meeting, this massive increase in the oil sands production will mean Canada has to «streamline» environmental regulations for new energy projects.

Enbridge, meanwhile, announced it will spend $ 200 million on a new pipeline to connect Athabasca Oil Corp's planned Hangingstone oil sands project in northern Alberta to its regional pipeline netwoOil Corp's planned Hangingstone oil sands project in northern Alberta to its regional pipeline netwooil sands project in northern Alberta to its regional pipeline network.

The projected expansion of the oil sands industry will require too much water to sustain the Athabasca River system, especially with the added impact of predicted climate warming, according to a new report published by the University of... Read more →

Genome Alberta announced C$ 25.2 million (US$ 22.2 million) in public / private funding over four years for two new genomic research projects, one targeted at enhanced recovery of fossil hydrocarbon resources from oil sands and coal beds through biological processes, the other focused on discovering plant genes that can be sequenced and used... Read more →

Most of these high - price reserves (PDF) are on the industry's new frontiers — in the Arctic, deep ocean waters or unconventional sources such as the Alberta tar sands (PDF), where three major projects were deferred in 2014 because of falling oil prices.

Alberta's share from oil sands projects under the new royalty regime (hatched blue) compared to other countries.

Some companies are actively developing oil sands project phases previously placed on hold and investor interest in new projects also continues to increase, CAPP says

Approval of the controversial Keystone XL pipeline would have only a marginal positive impact on the economics of the Canadian oil - sands industry, but could nevertheless trigger a rush of high - risk investment into additional projects that would rely heavily on rising oil prices, according to new research from the Carbon Tracker Initiative.

IHS CERA's new environmental assessment of the Keystone XL pipeline and pipeline - related oil sands development sends a pretty clear message to President Obama as he decides whether to approve the full project's construction: There's not a climate rationale for rejecting the pipeline — and along with it, tens of thousands of U.S. jobs, economic uplift and greater energy security.

The new impact statement says that extracting, shipping, refining and burning oil from the tar sands produces more climate - altering greenhouse gases than most conventional oil, but less than many of the project's critics claim.

OTTAWA — Prime Minister Stephen Harper is proposing to strike a joint climate - change pact with president - elect Barack Obama, an initiative that would seek to protect Alberta's oil sands projects from potentially tough new U.S. climate - change rules by

25 November — Approval of the controversial Keystone XL pipeline would have only a marginal positive impact on the economics of the Canadian oil - sands industry, but could nevertheless trigger a rush of high - risk investment into additional projects that would rely heavily on rising oil prices, according to new research from the Carbon Tracker Initiative.

TransCanada, the «energy transfer company» responsible for getting the incredibly dirty diluted bitumen oil from the tar sands in western Canada, and also potentially Bakken crude, to refineries in Quebec City and St. Johns, New Brunswick, has notified the Canadian government that it is cancelling its proposed Energy East pipeline project, citing slowing growth in -LSB-...]

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.

Since the recent federal election there has been much discussion (and as my colleague Eugene Kung notes, an abundance of open letters) about the Liberal party's election promise to «review Canada's environmental assessment (EA) processes and introduce new, fair processes» for reviewing projects (or re-reviewing them, as in the case of major proposals like the controversial Kinder Morgan and Energy East oil sands pipeline and tankers projects).