Sentences with phrase «of oil sands producers»

Above is what they say on their website, but in interview in the National Post, the new head of the oil sands producers» lobby Canadian Association of Petroleum Producers sings a different tune.

Regardless of the pipeline's ultimate fate, the Keystone saga highlights the enormity of the challenge that's ahead of oil sands producers.

Last week, Bill McCaffrey, chief executive of oil sands producer MEG Energy Corp., said his company is considering such exports as it becomes easier to move Canadian crude to Houston through expansions of the pipeline network.

Not exact matches

Cenovus, one of the biggest of Canada's oil sands producers, said in March that it was operating at lower capacity due to the maxing out of pipelines and other routes through which it sends heavy oil south to U.S. markets.

Some of the producers in Canada's oil sands discovered they would suffer bigger loses if they actually shut down their sprawling facilities.

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.

Analysts at Canaccord Genuity said Monday the project's $ 5.3 - bilion northern leg «is no longer a necessity» for Canadian oil sands producers, thanks to the sudden rise of crude - carrying unit trains and rival pipeline schemes proposed by Enbridge Inc..

Oil sands players, as well as U.S. producers in North Dakota, have been clamouring for pipeline approvals, claiming that all of the political foot dragging around pipeline projects weakened pricing power and critically hampered their operations.

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 floOil 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 flooil 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 flooil by refineries in Cushing, Oklahoma, where most of the product from the oil sands flooil sands flows.

«Investors are looking for shorter turnaround on their capital,» says Ben Brunnen, vice-president of oil sands for the Canadian Association of Petroleum Producers (CAPP).

Growing concern about climate change and the election of Barack Obama mean that the enormous carbon footprint of the oil sands may eventually become a cost to producers.

Last month, the Canadian Association of Petroleum Producers organised a field trip for a group of economics professors to see a couple of the oil sands installations.

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.

Canada's oil sands producers, frustrated by a lack of pipeline capacity, are also turning to trains to ship their products.

An analysis of the pipeline plan for the State Department concluded that if the pipeline was rejected, oil sands producers would instead turn to railways for shipments to the United States.

If there's a bright spot for the province, however, it's that the ongoing disruption of Alberta oil sands production — estimated by the Conference Board of Canada to be about 1.2 million barrels a day, comprising nearly $ 1 billion in economic activity — has contributed to a rally in global oil prices that could give producers, and therefore the Alberta economy, a badly - needed lift once production is finally back on - line (assuming, of course, the fires are eventually extinguished and oil sands operations escape serious damage).

The government and the oil and gas industry have spent lavishly to promote fossil fuel development, but a poll for the Canadian Association of Petroleum Producers found that only 51 % of us think tar sands / oil sands development is worth the environmental risk; 49 % think it isn't.

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.

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.

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.

Given that the pipeline is anticipated to create about $ 4 billion per year in profits to the Enbridge shareholders and oil sands producers, these are odious profits that come at the expense of people in other countries and into the future.

However, given the company's strong balance sheet, future growth plans, and the strong long - term potential future of America's shale oil and gas production, I remain bullish on frac sand producers in general, and US Silica specifically.

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.

Oil sent on the planned line could supplant much of those imports and give oil sands producers access to high - priced Atlantic markets for the first tiOil sent on the planned line could supplant much of those imports and give oil sands producers access to high - priced Atlantic markets for the first tioil sands producers access to high - priced Atlantic markets for the first time.

In contrast, we had nice returns in a number of our media, insurance and food stocks, among others, including Axel Springer, Schibsted, Zurich Insurance, Berkshire Hathaway, and Nestlé, but it was unfortunately not enough to overcome the continued pressure on our oil & gas stocks, which included fully integrated holdings such as Total and Royal Dutch; exploration and production companies such as Devon Energy and Pacific Rubiales; Canadian oil sands producers such as Cenovus; and energy service holdings such as Halliburton and National Oilwell Varco.

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.

The plays off of the pipeline construction are improved probability by the Canadian oil sands producers, a slight positive impact on Gulf Coast margins, and the construction and E&C companies involved.

Canadian pipeline firms, oil sand producers and gulf coast refiners are some of the winners from the projects approval.

Canadian producers are now locked into U.S. Midwest and Ontario markets, which have limited capacity to process additional volumes of oil sands bitumen.

In an interview with The Globe and Mail editorial board, David Collyer, president of the Canadian Association of Petroleum Producers, said the Keystone XL line is needed to connect the Alberta oil sands with refiners who have invested billions of dollar to upgrade their plants so that they can process heavy grades of crude.

Suncor is the world's largest producer of bitumen, and owns and operates an oil sands upgrading plant near Fort McMurray, Alberta, Canada.

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 (CAPOil 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 (CAPoil 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).

Twelve of Canada's oil sands producers have formed a new alliance, Canada's Oil Sands Innovation Alliance (COSIA), focused on accelerating the pace of improving environmental performance in Canada's oil sands through collaborative action and innovatioil sands producers have formed a new alliance, Canada's Oil Sands Innovation Alliance (COSIA), focused on accelerating the pace of improving environmental performance in Canada's oil sands through collaborative action and innovatiOil Sands Innovation Alliance (COSIA), focused on accelerating the pace of improving environmental performance in Canada's oil sands through collaborative action and innovatioil sands through collaborative action and innovation.

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 20oil 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 20Oil Spill Liability Trust Fund, which creates a free ride worth over $ 375 million to tar sands oil producers between 2010 and 20oil producers between 2010 and 2017.

Calgary - based Suncor Energy, the No. 2 oil - sands producer in the world, announced that it has sold its billionth barrel of oil sands crude since it began operations in 1967.

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.

At current levels, oil sands producers are collecting a price «in the teens» for the bitumen portion of WCS, an amount that is below some companies» stated costs, according to Tom Kloza, global head of energy analysis for the Oil Price Information Servioil sands producers are collecting a price «in the teens» for the bitumen portion of WCS, an amount that is below some companies» stated costs, according to Tom Kloza, global head of energy analysis for the Oil Price Information ServiOil Price Information Service.

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.

The main economic goal of the TMX project is to increase netbacks to oil sands producers by avoiding bitumen oversupply problems at Cushing, Oklahoma (also known as «The Pipeline Crossroads of the World») and by providing an option on selling the product into alternative markets in Asia and California.

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.

As suggested in the article, the only way to stop the development of the oil sands (or any new oil development for that matter) is to address the supply side of the supply - demand curve, because as long as oil is at $ 90 bbl the producers will find a way to get their product to market.

Canadian oil sands producers, facing a double whammy of low oil prices and higher taxes in Alberta, are slashing spending, suspending production, cutting jobs and halting shareholder dividends.

«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.»

Publicly described as an «ALEC Academy,» documents obtained by CMD show the legislators were accompanied on a chartered flight by a gaggle of oil - industry lobbyists, were served lunch by Shell Oil, dinner by the Canadian Association of Petroleum Producers, and that the expenses of the trip were paid for by TransCanada and other corporations and groups with a direct financial interest in the Alberta tar sands and the proposed Keystone XL (KXL) pipelioil - industry lobbyists, were served lunch by Shell Oil, dinner by the Canadian Association of Petroleum Producers, and that the expenses of the trip were paid for by TransCanada and other corporations and groups with a direct financial interest in the Alberta tar sands and the proposed Keystone XL (KXL) pipeliOil, dinner by the Canadian Association of Petroleum Producers, and that the expenses of the trip were paid for by TransCanada and other corporations and groups with a direct financial interest in the Alberta tar sands and the proposed Keystone XL (KXL) pipeline.

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).

Their report considers the implications for oil - sands producers with costs of $ 65 / barrel and above.

The increased capacity and revenues the pipeline will bring will encourage equity analysts and credit rating agencies to mark up oil - sands producers, reducing their cost of capital and therefore encouraging further expansion.

It has also been embraced by some of the province's biggest oil sands producers.

The Trans Mountain pipeline, a project of U.S. company Kinder Morgan, would allow tar sands oil producers to ship their product to China and other Asian countries.

Consulted with a major oil and gas producer in the resolution of contractor claims related to the design and construction of a major oil sands upgrading facility.