Sentences with phrase «oil sands project as»

Murphy has hired an investment bank to explore options for its stake in a Canadian oil sands project as well as its Montney natural gas assets in British Columbia.

Not exact matches

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.

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.

Proposed carbon pricing legislation in the U.S. as well as low carbon fuel standards being adopted by California and other states could make many oil sands projects marginal or entirely uneconomic in future.

The shine has come off the oil sands, as more investors have started to question whether oil sands development is really a sure thing, particularly at the speed projected by bullish petro - boosters.

Having recently called out the federal government for failing to provide a justification for its decision to approve Shell's Jackpine mine oil sands expansion project (an approach that serves no interest other than the government's, as even industry would stand to benefit from knowing why one project is justified while another, e.g. Taseko's original Prosperity mine, is not), it was reassuring to see that at least this Joint Review Panel (JRP) shares my understanding of this obligation under the Canadian Environmental Assessment Act, 2012, SC 2012, c 19.

Newspapers across the country have highlighted layoffs, delays in new projects, and provincial budget deficits as oil sands producers and liquefied natural gas (LNG) export proponents cut costs to...

The EIA in February reported that Canada pumped an average of 4.5 million barrels a day in 2015, and predicted this would rise to 4.8 million in 2017 as oil sands projects under construction when oil prices began to fall in 2014 come on line.

Recent cancellations of Alberta tar sands / oil sands projects point to the uphill battle the industry will face as innovation transforms the global energy economy, Jerry Oppenheim of the New Climate Economy project told an event last month hosted by Corporate Knights and Sustainable Prosperity.

Lonestar frequently provides services for drilling operations, oil sands projects, plant maintenance, as well as commercial, municipal and civil projects.

The proposal is the latest in a series of planned pipelines and expansion projects as a flood of crude from the oil sands and the Bakken shale oil field stretches existing networks.

There's been extensive coverage of President Obama's decision, forced by a Republican legislative maneuver, to reject the application for a much - debated pipeline project, known as Keystone XL, that would have carried a tarry oil precursor from Canadian oil sands to American refineries.

But the oil industry is pushing as hard as ever for their pet project, and we need to show the president the connection between decisions to import tar sands and a future full of Sandys.

«As oil production from tar sands is viewed very negatively in Germany, it is difficult to explain why such a research project for tar sands is funded with public monies — especially considering that the project is being undertaken in a country that has withdrawn from the Kyoto Protocol.

The Government of Canada is supporting a three - year project that will result in the construction of a $ 19 - million, demonstration - scale facility in Alberta that will use algae to recycle industrial carbon dioxide emissions from an oil sands facility into commercial products such as biofuels.

Most of these high - price reserves (PDF) are on the industry's new frontiers — in the Arctic, deep ocean waters or unconventional sources such as the Alberta tar sands (PDF), where three major projects were deferred in 2014 because of falling oil prices.

Canada — in the broadest collective sense, in whatever way we are all one — is as fully dug in on the production of oil sands crude as it has been in any of its resource projects.

As we debate our entire national commitment to climate change action through the proxy of an oil sands pipeline project or two, we should remember every one of us has had a hand in getting the bitumen into that pipe.

The oil sands were, for nearly a century, a national project seen as all upside.

IHS CERA's new environmental assessment of the Keystone XL pipeline and pipeline - related oil sands development sends a pretty clear message to President Obama as he decides whether to approve the full project's construction: There's not a climate rationale for rejecting the pipeline — and along with it, tens of thousands of U.S. jobs, economic uplift and greater energy security.

That's because although a high oil price of $ 50 - $ 70 is necessary to justify investing billions into a new oil sands project, the variable costs of getting a barrel of oil from existing operations are much lower (as low as $ 10 for steamed oil and low $ 20s for mined oil).

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.

Proposed carbon pricing legislation in the U.S. as well as low carbon fuel standards being adopted by California and other states could make many oil sands projects marginal or entirely uneconomic in future.

BNP Paribas recently announced that it was restricting financing for oil and gas projects from shale and / or oil from tar sands as well as exploration and production projects in the Arctic.

As to the controversial Keystone Pipeline, which would carry tar sands oil from Alberta, Canada to the Gulf Coast, Obama said that the pipeline would not be approved if it worsens climate change: «our national interest will be served only if this project does not significantly exacerbate the problem of carbon pollution.»

The province will ensure that eligible expenditures and definitions of oil sands projects (also known as «ring fence» definition) that determine when a project has reached payout are tightly and clearly defined.

Yet talk about pace and scale of development in Canada's oil sands is considered unspeakable — a blasphemy — in political and industry circles, even though oil sands projects are widely recognized as the highest - risk, highest - cost projects in the industry, and likely the first to be impacted as the noose of climate policy tightens.

And he would bring the Keystone XL project to fruition as quickly as possible — locking in America's addiction to the dirtiest oil source of all, the Alberta tar sands.

The government and Enbridge Inc. are stepping up their game to push through what is largely seen as an alternative to Keystone XL: the Northern Gateway pipeline project, which would carry oil from the Alberta tar sands to the Canadian west coast for export to China.

Lower oil prices may be cutting into the financial viability of Canadian oil sands projects, but as soon as oil prices rise again (and they will...) the drive to exploit one of the most environmentally destructive form of energy on

Tar sands projects are already threatened by a slump in oil prices, as well as pending global action to address climate change.

'' Oil sands are high - cost, high - carbon projects, being proposed at a time when both costs and emissions are under pressure to shrink; as such they should immediately hit an investor's higher - risk screen,» warns James Leaton, Research Director at Carbon Tracker.

Since the recent federal election there has been much discussion (and as my colleague Eugene Kung notes, an abundance of open letters) about the Liberal party's election promise to «review Canada's environmental assessment (EA) processes and introduce new, fair processes» for reviewing projects (or re-reviewing them, as in the case of major proposals like the controversial Kinder Morgan and Energy East oil sands pipeline and tankers projects).

Conditionally approved by federal Cabinet in June 2014, the project was the subject of a barrage of legal challenges brought by eight First Nations (including two co-represented by West Coast and Mandell Pinder LLP), four environmental groups, as well as Canada's largest private sector union (which represents both oil sands and fisheries workers impacted by the project).