Sentences with phrase «of oilsands projects»

One of its oilsands projects called Kirby North is being deferred and drilling activity in Western Canada is going to be slowed substantially.

Currently there is $ 134 - billion worth of oilsands projects either under construction or due to break ground within three years.

Not exact matches

On Thursday, it announced it would reduce its production guidance for the year by about 10,000 barrels of oil equivalent per day to an average of about 315,000 boe / d, with exit production of about 335,000 boe / d, to account for lower heavy oil production, an advanced schedule for maintenance at its Tucker oilsands project and a slower ramp up in liquids - rich natural gas output from its BD Project in Indproject and a slower ramp up in liquids - rich natural gas output from its BD Project in IndProject in Indonesia.

«What the environmental movement has determined is it's nearly impossible to object to a single oilsands project because there's so many of them and none of them have monopoly power.

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.

If you want to know what the break - even price for new oilsands projects is (at least for the marginal project), look at the forecast of future oil prices.

«We don't want these new projects to have to bear the burden of some of these (oil price) differentials,» he said, reiterating Suncor's commitment to build no new major oilsands projects without new pipelines.

A little further into the article comes the real kicker: The Bank of Montreal report «pegs supply costs for oilsands projects in the range of US$ 50 to US$ 90 per barrel.»

In January, Obama rejected the proposed 2,673 - kilometre pipeline between Alberta's oilsands and the Gulf of Mexico, saying the 60 - day approval deadline set by Congress didn't allow enough time to review the project.

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.

Steve Williams, head of the oldest and biggest operator in the business, gave his answer recently when Suncor Energy bought a further 10 % stake in the Fort Hills oilsands project for $ 310 million from partner Total SA.

The company is also at the forefront of efforts to change the oilsands» poor environmental image, investing in the $ 1.35 - billion Quest project, which captures carbon emissions from oilsands operations and buries them beneath the surface.

He notes Sinopec's disappointment when French - based Total SA, the majority owner and operator of the Northern Lights oilsands project, pushed the in - production date there back to 2024.

Many North American producers have already spent 75 % to 90 % of the per - barrel cost of a project before recovering their first barrel, and in the case of the oilsands, it might have taken 10 years.

(In 2011, Cenovus Energy let on that output from two of its in situ oilsands projects could meet the standard, which mandates that crude oil imported to the state have lower wells - to - wheels emissions than the average of all crudes sold in the U.S.) «Yes, I think that's feasible,» says George Hoberg, a political scientist at the University of British Columbia who specializes in environmental conflict.

The $ 6.5 - billion project would see two pipelines, one carrying oilsands» bitumen from Alberta to Kitimat's port, and a second carrying condensate — a form of natural gas used to dilute the bitumen — from Kitimat back to Alberta.

PetroChina's purchase of the 40 % of the McKay River oilsands project it doesn't already own from Athabasca Oil Sands is just the latest example of China's national oil companies snapping up Canadian energy reserves.

Generally speaking, the U.S. and international press seemed to think the report, which finds the pipeline would have minimal effects on greenhouse gas emissions, bodes well for TransCanada's long - delayed project to connect the oilsands to Gulf of Mexico refineries.

A Pew poll predating the accident showed that 66 per cent of Americans support TransCanada's project to link Canada's oilsands to Texas refineries and, I argued earlier this week, there's no reason why they should change their minds.

Pourbaix's comments follow years of delays and uncertainty surrounding several major pipeline projects from Alberta's oilsands to export markets.

In other words, most current and future expansion in the oilsands will be in situ projects, and these will not be encumbered by two of the three biggest knocks against the oilsands: radical surface disruption and tailings ponds.

He said regulatory confusion and delays in Canada have prevented the timely completion of pipeline projects such as the Trans Mountain expansion, leading to difficulty in getting crude oil to markets and the current steeper - than - usual discounts being paid for Canadian oilsands crude compared with benchmark New York - traded oil.

Most oilsands projects are well north of the community, while the worst of the flames were on the city's south side.

Canadian Natural production averaged a record 1.02 million barrels of oil equivalent per day in the fourth quarter, a 19 per cent increase from the year - earlier period, as it ramped up the latest expansion of its Horizon oilsands mining and upgrading project.

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.

«If only three of the 14 project consortia move forward,» noted energy economist Peter Tertzakian, «the spending ramp - up mid-decade will be greater than that of the oilsands bonanza 10 years ago.»

Enter Ghosh's articulation of Husky's current post-recapitalization story and strategy, presented as focused on three growth pillars: its gas business in Southeast Asia, the jewel of which is the Liwan Gas Project in the South China Sea; a Western Canadian heavy - oil foundation, focused on the oilsands Sunrise Energy Projects; and White Rose offshore oil operations on the Atlantic coast.

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.

Another experiment funded by the now defunct Alberta's Oilsands Environmental Review Project (AOERP) changed the global politics of acid rain.

While it will still fund expansions of existing oilsands projects, environmentalists likened the new policy to similar announcements by BNP Paribas and ING Group

Enbridge, the proponent of the Northern Gateway pipeline, linking Alberta's oilsands to British Columbia, estimates on its website that its proposed project would create 560 permanent jobs and about 3,000 temporary construction jobs.

On Thursday, it announced it would reduce its production guidance for the year by about 10,000 barrels of oil equivalent per day to about 335,000 boe / d to account for lower heavy oil production, an advanced schedule for maintenance at its Tucker oilsands project and a slower ramp up in liquids - rich natural gas output from its BD Project in Indproject and a slower ramp up in liquids - rich natural gas output from its BD Project in IndProject in Indonesia.

By Janet Keeping, Leader of the Green Party of Alberta Alberta's Environmental Protection and Enhancement Act (EPEA) sets out a decision making process for review of oilsands and other projects which includes the filing of «Statements of Concern.»

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.

The pipeline, which is a project of TransCanada Pipelines, is reviled by environmentalists and clean energy supporters throughout the U.S. who claim that it will lead to the expansion of «dirty» oilsands projects in Alberta.

«In the circular reasoning that has become common in oilsands decision - making,» wrote the Pembina Institute's Director of Oil Sands Jennifer Grant, «the Panel based its recommendation that the project be approved on the assumption that the rules would be strengthened, rather than on the likely impacts of the project under existing regulations.»

Proceeding with new oilsands projects in the absence of this limit is simply unacceptable, and threatens the credibility of Alberta and Canada's oilsands regulatory process.»

«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?»

The oilsands are Canada's fastest growing source of greenhouse gas emissions in Canada, but Trudeau has said that his decisions to approve the Trans Mountain project was part of a «trade off» to persuade Alberta to put a cap on the pollution from the oilsands and participate in a national climate change strategy.