Sentences with phrase «oil sands»

The reason greater depths are not needed is because geothermal in the context of oil sands production isn't necessarily for power generation, which requires high temperatures.

To many environmentalists — and, less predictably, to many energy developers as well — the slowdown in oil sands extraction may prove to be an unexpected blessing.

Overview of oil sands production (mining) process.

The same question stands for new oil sands projects.

The program is designed to provide an improved understanding of the long - term cumulative effects of oil sands development.

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

If $ 40 a barrel still seems a ways off, consider that the benchmark price for oil sands crude is already trading in that price range.

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

In the longer term, technologies on the horizon could potentially allow for significant reductions in emissions from oil sands operations.

Q: You've been an advocate of efficiently getting oil sands crude to market, but how economically viable is a pipeline when oil is well below $ 60?

It's not hard to figure out where this is going for oil sands producers.

As oil sands production continues to rise, industry's need to get crude to an ocean becomes more urgent.

It ignores the energy used during production — but that's the major issue with oil sands versus other sources.

The problem of increased water traffic is not unknown for oil sands pipelines.

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

But this one consideration — the damages associated with the additional carbon emissions of oil sands oil — is effectively accomplished by denying the pipeline application.

If oil sands production continues to grow as industry predicts, it seems likely.

But its supply of conventional oil is shrinking, and oil sands extraction has been growing fast in the past decade, from about 700,000 barrels per day in 2000 to 1.7 million today.

With so much benefit concentrated in one province, one can hardly call fast - tracking oil sands expansion a nation - building project.

The company says it is working to ease the pain of toll increases, but it argues that the line is needed as a result of oil sands growth.

Lastly, alternatives to conventional oil in the transport sector are growing rapidly, including oil sands, biofuels, electric vehicles, and natural gas vehicles.

In the plausible scenario of $ 60 - $ 80 oil, this added transportation cost differential would mean that less oil sands resources would be developed.

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.

Expect more oil sands projects to capture and reuse waste heat and embrace alternative processes that consume less energy.

Do we really care about oil sands, or do we care about carbon emissions, water pollution, etc?

At this point, oil sands players are getting less picky about which ocean that turns out to be.

If the price of a barrel drops too much, future oil sand plans are at risk and modular buildings won't be needed at that point.

He said oil sands create 6 to 10 energy units for each energy unit used, but he did not cite a source for those figures.

This year the Conservative government approved the sale of $ 1.9 billion in oil sands assets to two companies controlled by the Chinese government.

As well, they also agreed with our plan that oil sands royalties are fair as - is, and that further transparency is needed.

The protests are not going to stop oil sands development.

They also say building the pipelines would boost carbon - intensive oil sands production and therefore speed up the pace of climate change.

The company is definitely in the middle of turmoil around oil and especially oil sands.

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

The forecast sees oil sands production rising from 1.5 million barrels per day (actual) in 2010 up to 3.7 million barrels per day in 2025.

On the whole, these trends suggest that near - term oil sands CI is not likely to be significantly lower than today's production on an industry - wide basis.

He said that oil sands currently represent only 5 per cent of total Canadian emissions.

That would add 75 cents per barrel - not enough to seriously affect profits among oil sands producers, but still a substantial fare hike.

Researchers have developed a process to remove contaminants from oil sands wastewater using only sunlight and nanoparticles that is more effective and inexpensive than conventional treatment methods.

Making such a discussion even more critical is how the direct impacts of climate change, such as record - breaking drought and flooding, are already impacting oil sands developers.

In 2017, the company sold oil sand assets and natural gas fields to help reduce debt.

Consider the table below, which summarizes cash flows and returns on investment for various oil sands projects.

Here are the raw numbers: Download Oil sands v tar ponds.

The entire process, from mining and separating oil sands to producing crude oil, releases more greenhouse gases than other oil production methods.

He lost a lot of money in stocks like Canadian oil sands and others and that's when he knew he'd run out of inventive ideas to keep his portfolio going on stocks.