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.
Not exact matches
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..
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 flo
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 flo
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 flo
oil by refineries in Cushing, Oklahoma, where most of the product from the
oil sands flo
oil sands flows.
Canada's
oil sands producers, frustrated
by a lack of pipeline capacity, are also turning to trains to ship their products.
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).
As this table shows, all three frac
sand producers have current ratios (short - term assets divided
by short - term liabilities) and quick ratios (liquid assets divided
by short - term liabilities) much greater than 1, signifying strong balance sheets that should allow all three to weather the current
oil crash.
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.
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 (CAP
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 (CAP
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 (CAPP).
«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.»
Just last week, for example, our Upstream Research Company announced that it is licensing ExxonMobil's patented steam injection system and production method, which allows
producers to recover more
oil from Canada's
oil sands with carbon dioxide emissions reduced
by up to 10 percent per barrel.
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) pipeli
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) pipeli
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) 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).
It has also been embraced
by some of the province's biggest
oil sands producers.