Sentences with phrase «oil sands projects»

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

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

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

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

But a sharp decline in the price of oil makes many of the new oil sands projects less viable.

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....

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-...]

Last Wednesday and Thursday, courtesy of the good folks at American Petroleum Institute (API), I and other bloggers toured two large Canadian oil sands projects near Fort McMurray, Alberta.

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.

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 company holds a 36.75 % interest in the Joslyn north oil sands project which was shelved pending an economic review by operator Total S.A. in May 2014.

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 plant.

Calgary - based Martin Ignasiak has considerable experience in major projects and is advising Teck Resources on the environmental and Aboriginal law aspects of its Frontier oil sands project.

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.

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

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.

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.

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.

Suncor noted the change in timing means the Syncrude oil sands project in northern Alberta would run at reduced rates in the first quarter — about 140,000 barrels of oil per day.

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,...

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.

In addition, a major expansion of Imperial Oil's Kearl oil sands project recently came online in the midst of the down cycle, further depressing prices for tar sands oil.

Bloomberg Gadfly points out that there is a shortage of pipeline capacity from Canada equivalent to about 330,000 bpd this year, a deficit that will balloon to 700,000 bpd by 2019 as more oil sands projects come online at a time when all major pipeline projects have suffered from serious delays.

Acted for contractor and service provider in resolution of a significant multi-party builders» lien and construction dispute relating to delays, cost overruns and payment and performance issues on a large oil sands project; independently negotiated and coordinated finalization of settlement agreements with approximately 50 subcontractors and suppliers of contractor.

It would be easy to pin the blame for the slump squarely on the oil patch, which has scaled back plans for big oil sands projects following the oil price crash that started in mid-2014.

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.

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

The interview is a bit of pure madness, but it brings up an interesting point about the financial media's continued inability to understand the difference between a trend and three or four deals involving oil sand projects and how assets factor into individual balance sheets.

Is a multi-well horizontal drilling project off of a single surface location materially different than a small - scale oil sands 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.

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.

Oil sands projects vary widely in carbon intensity.

While the economic downturn in 2009 saw many oil sands projects deferred, an improved investment climate, more robust commodity prices and market demand for Canadian crude provided the stimulus for several projects to return to active development in 2010.

Some companies are actively developing oil sands project phases previously placed on hold and investor interest in new projects also continues to increase, CAPP says

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

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.

According to Carbon Tracker, the roughly $ 400 billion committed to Alberta oil sands projects between now and 2025 represent more than a third of high - risk projects expected to become stranded assets in a 2 - degree world.

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

The foreign funding can help pay for what research firm IHS CERA estimates will be $ 100 billion in spending on oil sands projects over the next decade.

And for a growing number of U.S. oil companies, many based in Houston, the infusion of Chinese cash in Canadian projects is welcome funding for some capital - intensive oil sands projects.

Member of contract negotiation team for owner's proposed oil sands project; independently negotiated agreements with vendors, suppliers and contractors of owner; worked closely with in - house counsel of owner to ensure compliance with owner's internal risk guidelines.

International's contentious $ 15 - billion acquisition of Canadian oil and gas company Nexen Inc. earlier this year, his team was focused on managing CNOOC's 35 - per - cent interest in the Long Lake, Kinosis, Cottonwood, and Leismer oil sand projects.