Sentences with word «oilsands»

First, a small Canadian company, U.S. Oil Sands Inc., has secured the permits to operate in Utah and is expected to start full production of oilsand crude in 2014.

University of Alberta economist Andrew Leach, who chaired the Climate Change Review Panel, told the CBC that «given what I can tell, the study does not assume any progress in oilsands emissions per barrel and no ability to reduce emissions other than shutting in production.»

A little further into the article comes the real kicker: The Bank of Montreal report «pegs supply costs for oilsands projects in the range of US$ 50 to US$ 90 per barrel.»

«This new technology, carbon capture and storage, when fully commercialized... will collect carbon dioxide emissions from oilsands operations and coal - fired electrical plants and seal them deep underground.»

It couldn't have come at a worse time, as Enbridge was applying to enlarge its Alberta Clipper system to the U.S. and build its contentious Northern Gateway pipeline to Kitimat, B.C., meant to open up new markets for oilsands producers in Asia.

Already hurting from the drop in energy prices, the Alberta wildfires dealt a blow to the energy sector, forcing the evacuation of Fort McMurray and shutdown of several oilsands operations in the region.

The effects of oilsands production on climate change must be confronted sooner or later — and given the increasing incidence of weird weather and coastal flooding, probably sooner.

He said regulatory confusion and delays in Canada have prevented the timely completion of pipeline projects such as the Trans Mountain expansion, leading to difficulty in getting crude oil to markets and the current steeper - than - usual discounts being paid for Canadian oilsands crude compared with benchmark New York - traded oil.

Temporary shutdowns at Alberta oilsands projects for scheduled maintenance have eased the pipeline congestion for now

Total upstream production came in at 689,400 barrels of oil equivalent per day in the first quarter, compared to 725,100 boe / d in the prior year quarter, as oilsands output fell to 404,800 barrels per day from 448,500 bpd.

Alberta's NDP government has brought in legislation capping oilsands industries from collectively emitting more than 100 megatonnes of greenhouse gases a year to reduce the effects of climate change and remake the province's energy infrastructure into one that relies more on renewables such as wind, solar and hydro power.

The depressed prices mean lower prices for refiners and less pump pain for North American drivers, but it's hardly good news for Canada's oil industry, which spent billions on oilsands projects after world crude prices had risen high enough to justify the investment.

«It's a technology that wouldn't be terribly expensive for our company and other companies in our sector to be able to deploy and ultimately create some nice, clean water out of some nasty industrial water,» says Juan Benitez, a senior specialist with oilsands producer Cenovus Energy's venture capital fund.

Suncor's victory over tailings hasn't yet altered the sludgy imagery opponents of oilsands development favour in their documentaries and advertising campaigns, though.

A similar bid by Chinese national oil company CNOOC in 2012 for Canadian oilsands company Nexen was successful but was controversial.

Alberta's climate change strategy includes a tax on carbon, a cap on oilsands emissions, a phasing out of coal - fired electricity and an emphasis on wind power.

There is also the Quest Carbon Capture and Storage Project — one of the first of its kind in the world with oilsands development.

CN Rail, for instance, was prepared in the fall of 2011 to increase shipments of bitumen, the heavy oil from Alberta's oilsands sector, from 10,000 barrels of bitumen per day to 200,000 barrels per day.

A Court of Queen's Bench judge granted the injunction last December after the union representing thousands of oilsands workers requested one.

CEO Rob Peabody said Husky cut back heavy oil production by about 5,000 barrels per day in the first quarter and substituted mainly blended bitumen bought from other Alberta oilsands companies to send to its U.S. refineries in Ohio and Wisconsin or to the refining complex on the U.S. Gulf Coast.

Public revulsion against the oil and gas industry increases the likelihood that contentious expansions — such as new oilsands mines in Alberta, shale gas extraction in Quebec and the northeastern U.S., oil pipelines and tanker terminals in British Columbia, and TransCanada Corp.'s Keystone XL bitumen pipeline direct from Alberta to the Gulf Coast — will not go ahead, or at least be burdened by onerous new regulations and trade - offs with regional stakeholders.

To increase CO2 concentration by 200ppm, you would have to extract, upgrade, refine, and burn about 2.5 trillion barrels of oilsands at today's emissions intensities.

As a vice-president of parent company China National Petroleum Corp. explained at an oil and gas industry conference in Calgary, the company felt it was being shut out of Canada's oilsands by political pressure from the U.S. and had lost confidence in Enbridge's ability to manage aboriginal opposition to the line.

By 2009, the NEB pegged the break - even price for new oilsands projects at a U.S. $ 55 - 70 / bbl WTI price, and the expected quantity had been scaled back largely due to the financial crisis, to less than 3 million barrels per day by 2015.

Suncor's total upstream production came in at 689,400 barrels of oil equivalent per day in the three months ended March 31, compared to 725,100 boe / d in the prior year quarter, as oilsands output fell to 404,800 barrels per day from 448,500 bpd.

And so if — if — Chiquita is right about oilsands oil being not just bad, but the worst, then there's nothing wrong with them expressing that view, that company's own ethical shortcomings notwithstanding.

Alberta Premier Rachel Notley has committed to capping oilsands emissions at 100 megatonnes / year.

Against three - digit world oil prices, these costs may seem competitive, but a look at some historical figures reveals why investors may remain nervous about oilsands cost inflation.

The lack of export space has helped contribute to the sell - off of oilsands assets from Shell, ConocoPhillips and Marathon Oil and the lack of new development approvals, said the IEA.

Yet Baytex still pays the low oilsands royalty rate.

American pipeline company Kinder Morgan's announcement that it will expand its Trans - Mountain oil pipeline to 850,000 barrels a day confirms something pipeline watchers have been quietly saying for a while: it will likely beat Enbridge in the race to build a big oilsands export pipeline to the Pacific.

If we replaced all of today's global oil production with oilsands product, it would take 80 years to produce 2.4 trillion barrels.

There's been some surprising talk over the past week about oilsands costs.

It benefits when more oilsands projects go ahead.

Opponents of TransCanada Corp.'s plan to pipe Alberta oilsands bitumen to the U.S. Gulf Coast denounce it as an environmental catastrophe in the making.

UN recommends blocking oilsands pipeline to improve relations with aboriginals, The National Post

«We don't want these new projects to have to bear the burden of some of these (oil price) differentials,» he said, reiterating Suncor's commitment to build no new major oilsands projects without new pipelines.

Stocks that show up well by that measure include oilsands giant Canadian Natural Resources (TSX: CNQ), and Parex Resources (TSX: PXT), a Calgary - based producer operating in Colombia.

Statistics Canada said real GDP rose 0.6 per cent that month, boosted in part to non-conventional oil extraction as production in the Alberta oilsands region started to resume.

Had the PC government listened to Peter Lougheed and put the brakes on unfettered oilsands expansion and put more effort into promoting diversification we wouldn't find ourselves in this mess.

He said Calgary - based Suncor (TSX: SU) can afford to leave oil behind because of its properties» «vast» holdings, which contain 8.7 - billion barrels of oilsands reserves.

Anyone who doubts this need only consider the rhetoric used to attack the University of Alberta's plan to award an honorary degree to renowned biologist and environmentalist David Suzuki, whose views on oilsands extraction have literally been characterized on social media as treasonous and terroristic in the past few days.

Probably more important to CNOOC than the 35 % stake in the problem - plagued Long Lake project that provides all of Opti's cash flow are the three undeveloped oilsands properties which it can now proceed to develop at a time of its choosing using the best technology available.

Though oilsands producers got through this disaster mostly unscathed, their future competitiveness depends in no small measure on Fort McMurray getting back on its feet.

«The provincial ad totally misses the point in identifying that greenhouse gas emissions are minimal when oilsands are extracted....

In the court of public opinion, though, producing oil that is no dirtier than conventional crude would be a key benchmark that the industry could be proud of and would more effectively counter ad campaigns like «Rethink Alberta,» popular polemics such as the Neve Campbell - narrated documentary Dirty Oil and U.S. politicians who would block oilsands - bearing pipelines.

CALGARY — A proposal by oilsands giant Suncor Energy to leave some of its more difficult - to - produce reserves in the ground, to reduce emissions and costs, is being endorsed by environmentalists — but not by rival producer Cenovus Energy.

In 2004 it acquired underground oilsands leases south of Fort McMurray.

To go by NY Times, WSJ and Guardian headlines, you'd think the NDP literally seized oilsands plants like Kronstadt sailors in 1917 #abvote

The technology is called paraffinic froth treatment (PFT), and Suncor is not the first oilsands operator to have it deployed.