Sentences with phrase «oil and oil sands»

The alternatives include shale oil and oil sands.

(Crude Condensate Natural Gas Liquids C+C+NGL then subtracting tight oil and oil sands) Peak Oil Update: Final Thoughts, August 19, 2013 at TheOilDrum

Not exact matches

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

Transporting sand, drilling pipe, and crude oil furnished only 4.5 % of UP's volumes at the peak in 2014.

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.

CALGARY, Alberta, May 2 - Suncor Energy Inc said on Wednesday that its current growth plan is not constrained by pipeline bottlenecks and it does not expect to make any further major investments in Canada's oil sands until market access improves.

Job creation is projected to slow down over the next few years due to technological advances in oil sands processing and a slower growth in international demand for oil products, but the growing demand for base metals is expected to buoy employment opportunities.

Grantham also has strong views on the oil market, which isn't surprising for a devoted environmentalist who participated in Keystone pipeline protests and has called for the death of the «tar sands.»

The oil and gas giant announced that it was unloading its oil - sands assets, for $ 7.25 billion, so that it could double down on businesses «where we have global scale and a competitive advantage.»

That entity, which has a balance sheet of 4.5 billion euros ($ 5.3 billion), was severing links with coal, tar sands crude, and oil shale.

Hydraulic fracturing or «fracking» involves injecting liquids, sand and chemicals under high pressure to break apart tight rock formations underground to allow more oil and gas to escape into the well.

It was a modified steam - assisted gravity drainage (SAGD) technology that, instead of burning natural gas to create steam to inject into the oilsands layer and thus «melt» the bitumen (heavy oil) away from the sand (as some experts describe it, burning a clean fuel to create a dirty one), it would burn a bituminous byproduct of the upgrading process in a closed loop.

The latest National Energy Board forecasts for increases in oil sands production through 2025 roughly add up to what Keystone and Trans Mountain could handle, says University of Calgary economist Trevor Tombe.

The B.C. government has pinned much of the province's economic future on LNG exports, saying the projects are equivalent to Alberta's oil sands in terms of jobs and revenue generation.

But the project has galvanized environmentalists who say developing Canada's oil sands would spike carbon emissions linked to climate change and that much of the oil would be sold abroad.

«Rick's impact on the oil sands industry, the Canadian business community, and the broader community has been immeasurable,» Steve Williams, Suncor's current CEO, said in a statement.

Job creation is, however, projected to slow over the next few years due to technological advances in oil sands processing and slower growth in international demand for oil products.

Rick George, who helped pioneer Canada's oil - sands industry during two decades at the helm of Suncor Energy Inc., died on Tuesday after a year - and - a-half battle against acute myeloid leukemia.

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.

The Panel excluded any discussion of the environmental impacts of oil sands development, although they did allow the consideration of increased oil prices generated by the pipeline on the taxes and royalties associated with forecast future oil sands production.

The Northern Gateway project consists of two pipelines (one to ship oil west, the other to import lighter oil products used to dilute oil sands bitumen) and a marine terminal.

And as the Bank of Canada noted in its policy statement, prices are higher in part because of supply disruptions, including the Alberta oil sands.

«Canada, especially the oil sands, and Brazilian offshore projects.

More than half of affected reserves are in deep - water projects, and nearly 30 percent are in Canadian oil sands.

The future viability of oil sands projects depends not just on your view of world oil prices — it depends just as much on how these factors evolve, in particular discounts to Canadian heavy products and the Canadian dollar.

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.

Leach's primary research areas are climate change policy, oil sands regulation and clean energy innovation and policy.

Suncor provides a good, diversified example of the sector — Suncor markets oil sands products from a variety of operations, both mining and in situ operations, and sells both diluted bitumen and synthetic products including diesel fuel.

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.

Since July, oil prices have fallen significantly, and with them the revenue earned or expected from oil sands projects, present and future.

In preparation for testimony before the House of Commons finance committee in Ottawa on March 10, I pulled together some thoughts on three aspects of the impact of the oil - price crash on oil sands projects and policies, and I thought I'd share them with you here over this and the next couple of posts.

And another, oil - sands producer Suncor Energy (su) has risen nearly 16 % since mid-August and 28 % for 20And another, oil - sands producer Suncor Energy (su) has risen nearly 16 % since mid-August and 28 % for 20and 28 % for 2016.

The low - lying basin was meant to capture the tailings, mostly sand and clay but also some toxic chemicals left over after removing most of the bitumen, or tarry oil, from the ore.

Exxon has argued against all the other shareholder proposals as well, including a «policy to explicitly prohibit discrimination based on sexual orientation and gender identity»; a policy articulating Exxon's «respect for and commitment to the human right to water»; «a report discussing possible long term risks to the company's finances and operations posed by the environmental, social and economic challenges associated with the oil sands»; a report of «known and potential environmental impacts» and «policy options» to address the impacts of the company's «fracturing operations»; a report of recommendations on how Exxon can become an «environmentally sustainable energy company»; and adoption of «quantitative goals... for reducing total greenhouse gas emissions.»

The Liberals are unlikely to make any final decision on drug testing until the Supreme Court of Canada rules on its legality in a case between Suncor and workers at its Alberta oil sands operation, said Troy Winters, senior health and safety officer with the Canadian Union of Public Employees.

Whether it's the stability of our banks, the vastness of Alberta's oil sands, or the gravity - defying march of home values, Canadian markets and businesses have more international appeal — and demand more attention domestically — than ever before.

Despite the layoffs and poor performance in its first quarter, Suncor, Canada's largest oil sands producer, continues pumping out crude, outputting 602,400 barrels per day during the first quarter — up 10 % from the same period last year.

Cenovus» first quarter saw an increase in its oil sands production to 144,000 barrels per day, up 20 % from the same period in 2014, and lowered operating costs across its assets.

CALGARY, Alberta, May 2 (Reuters)- Suncor Energy Inc said on Wednesday that its current growth plan is not constrained by pipeline bottlenecks and it does not expect to make any further major investments in Canada's oil sands until market access improves.

«There's a question of whether going along with the approval of the Northern Gateway pipeline will make LNG development in B.C. more challenging by angering First Nations so adamantly opposed to the oil sands pipeline,» said George Hoberg, a professor at the University of British Columbia's school of forestry and founder of UBCC350, a group pressing for action on greenhouse gas emissions.

And only if the accelerated investment in oil sands has been recent - which is not the case.

Oil sands pricing and associated discounts from world light and heavy oil pricOil sands pricing and associated discounts from world light and heavy oil pricoil prices.

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.

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..

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.

Does anyone know of a source where they keep track of oil sands projects and when they're supposed to start production?

It's only sand and water,» said Ron Gilius, the director of the Pennsylvania D.E.P.'s Bureau of Oil and Gas Management, in 2008.

It started in 2008, when my partner Kristin and I decided to go to Northern Alberta to fly over the tar / oil sands, to see for ourselves what had up until then been hidden from plain sight.

The report does envision scenarios in which oil sands development is curbed by a combination of lower oil prices and a lack of pipeline capacity.

For the past two years, OPEC's pump - at - will policies have flooded the market with cheap supply, causing economic pain for producers with higher cash costs, including those involved in fracking, the Canadian oil sands and deepwater drilling.