Sentences with phrase «oil sands project in»

Efforts are underway to open up our very own American oil sands project in Utah.

The company held its dividend steady and said it remains committed to expanding its massive Horizon oil sands project in Northern Alberta.

Enbridge, meanwhile, announced it will spend $ 200 million on a new pipeline to connect Athabasca Oil Corp's planned Hangingstone oil sands project in northern Alberta to its regional pipeline network.

Teck Resources Ltd. [TECK.B - TSX; TECK - NYSE] and Suncor Energy Inc. [SU - TSX] are taking a bigger stake in the Fort Hills oil sands project in Alberta, Teck said in a progress update....

Falling oil prices and rising costs have prompted Stavanger, Norway - based Statoil ASA to suspend work on its 40,000 - barrel / day tar sands / oil sands project in northern...

Part of Shell's Athabasca oil sands project in Alberta, Canada.

Similarly, lower oil prices are prompting Big Oil to shelve plans for multi-billion dollar oil sands projects in northern Alberta.

Not exact matches

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.

Last March, Royal Dutch Shell said it was selling most of its stake in Canada's oil sands, a vast project that has extracted millions of barrels of sticky, gooey hydrocarbons from the ground in a process that resembles mining more than drilling.

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.

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.

Given the projected growth in the oil sands, this might seem like a sure thing, but it's not.

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.

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.

Next, I want to address the potential impact of new GHG policies on oil sands projects — in short, I want to show that the Prime Minister's contention that it would be crazy to impose new GHG regulations on the oil sands sector is incorrect.

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

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 postIn 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 postin 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.

Back in March, 1,000 construction workers employed on contract to work on the $ 3.2 billion Sunrise oil sands project were laid off.

It adds that «approval or denial of the proposed project is unlikely to have a substantial impact on the rate of development in the oil sands, or on the amount of heavy crude oil refined in the Gulf Coast area.»

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.

This improvement even comes before Teck's multibillion - dollar investment in the Fort Hills oil sands project starts up by the end of the year.

The growth of oil sands had previously put the loonie in a good position, but those massive oil sands projects are struggling to stay alive right now — at best.

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.

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.

Furthermore, while the company does have another potentially significant growth opportunity on the horizon in its CA$ 20 billion ($ 15 billion) Frontier oil sands mining project, it appears to be a long shot of moving forward considering where crude is these days.

Soon, Lake explains, he'll start looking for a lifestyle increasingly on offer to mobile young people like him: work at a northern Alberta oil sands project, but live further south, either flying in and out of a camp or driving up once a week.

She cited the fact that offshore projects are projected to account for just 3 per cent of total output in Canada by 2025, while the oil sands are forecast to represent more than 80 per cent.

However, Syncrude's forecasted production for the full year remains within the annual guidance range, said Suncor, which holds the majority stake in the oil sands joint venture project.

Canada's largest integrated energy company has filed an application for a massive new oil sands project defying expectations of slowing growth in the oil sands.

From a strictly legal perspective, the relevant question is not whether there is a sufficient connection to any particular existing or proposed oil sands development or other production activity, and certainly not whether such projects or activities were included in the Terms of Reference (ToR), but rather simply whether the GHGs associated with the production of bitumen that will be transported by the NGP are an «environmental effect» of that project (see NGP Report, Volume II, Appendix 4, Terms of Reference, which defines «environmental effect» very broadly to mean «any change that the project may cause in the environment.»

I am not suggesting that an oil sands project like Shell's could never be «justified in the circumstances» under CEAA, 2012.

Evan Solomon: They have argued that they want to make sure that environmental assessment, though they argue it needs to be rigorous, is getting in the way of development of big energy projects and specifically around the oil sands and pipelines.

Probably the most discussed aspect of the NGP Report (see this excellent discussion on CBC's The 180 beginning at around the seven minute mark) is the JRP's treatment (or lack thereof) of «upstream» greenhouse gas emissions (GHGs), and specifically the apparent asymmetry between the JRP's decision to consider the need to open markets for projected increases in oil production — the vast majority of which would uncontrovertibly be from the oil sands — but not the GHGs associated with this projected growth.

In fact, absent new measures Environment Canada's 2014 emissions trends report projected that oil sands emissions would drive increased emissions from the oil and gas sector of 45 Mt CO2e (to a total of 204 MtCO2e) between 2005 and 2020, offsetting the emission reductions made in other sectorIn fact, absent new measures Environment Canada's 2014 emissions trends report projected that oil sands emissions would drive increased emissions from the oil and gas sector of 45 Mt CO2e (to a total of 204 MtCO2e) between 2005 and 2020, offsetting the emission reductions made in other sectorin other sectors.

So, while a boycott — whether of tourism or of oil sands products — might be, in and of itself, ineffectual in halting oil sands development, it may still contribute to a more challenging business case for future oil sands projects.

Conventional crude oil prices are now below $ 50 a barrel, and last week Royal Dutch Shell cited «uncertainties» over pipeline shipments in canceling a $ 2 billion oil - sands project.

The article traces the often unacknowledged federal R&D support and direct investment that made the tar sands / oil sands industry a reality, noting that «the clean energy sector now finds itself in a situation remarkably similar to where the oilsands project was 25 years ago.

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 company and its domestic affiliate, Imperial Oil Ltd., have developed the Kearl and Cold Lake oil sands projects and have a major stake in the Syncrude Canada plaOil Ltd., have developed the Kearl and Cold Lake oil sands projects and have a major stake in the Syncrude Canada plaoil sands projects and have a major stake in the Syncrude Canada plant.

After having the project rejected by former president Barack Obama, TransCanada Corp. has re-applied for approval of the Keystone XL line, which would deliver Alberta oil sands crude to refineries in the U.S. Gulf Coast.

National Bank also highlighted that major maintenance initiatives are planned at Syncrude Canada Ltd., Canadian Natural Resources Ltd.'s Athabasca oil sands project and Suncor Energy Inc.'s base plant — which cumulatively could reduce industry oil output by 650,000 barrels per day in the coming months, easing some of the stress on full pipeline networks.

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.

Three weeks after finishing his first year in mechanical engineering at Queen's University in Ontario, Neil Pandya was in a remote area of northeast Alberta at Cenovus Energy's Christina Lake oil sands project.

Fleming said there have been many disasters in the oil industry recently, and this report clearly spells out how the tar sands pipeline project is high risk.

Any reduction in oil sands output from the levels imposed by the emissions cap will create even more surplus pipeline export capacity without the Trans Mountain project.

Harper's successor, Liberal Justin Trudeau, has offered tepid backing of the project, but also stresses that the pipeline project, which would be the conduit for Canadian oil sands, would be managed in an environmentally responsible way.

After my post last night got me reading Budget 1980 and the National Energy Program, I stumbled upon something completely fascinating: the hated National Energy Program proposed an indexed price for synthetic crude from oil sands projects which, had it been followed until today, would have been above the Canadian dollar price of WTI in -LSB-...]