Sentences with phrase «oilsands projects»

"Oilsands projects" refers to a type of resource extraction where oil is obtained from a mixture of sand, water, and bitumen found in certain areas. It involves technologies and processes to separate the oil from the sand and water, extracting the valuable petroleum. Full definition
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.»
Currently there is $ 134 - billion worth of oilsands projects either under construction or due to break ground within three years.
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.
This year, the company is ramping up a much larger oilsands project called May River.
Temporary shutdowns at Alberta oilsands projects for scheduled maintenance have eased the pipeline congestion for now
On Thursday, it announced it would reduce its production guidance for the year by about 10,000 barrels of oil equivalent per day to an average of about 315,000 boe / d, with exit production of about 335,000 boe / d, to account for lower heavy oil production, an advanced schedule for maintenance at its Tucker oilsands project and a slower ramp up in liquids - rich natural gas output from its BD Project in Indonesia.
Nexen Inc. (TSX: NXY): Marvin Romanow was replaced by Kevin Reinhart, the company's chief financial officer, in January as the company struggled with problems at its Long Lake oilsands project.
Environmental group reapplies to fight Alberta oilsands project after court battle, Vancouver Sun
In situ oilsands projects ranged between 3.2 to 5.4 to 1.
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.
Large work camps associated with oilsands projects can accommodate thousands to house workers who come from as far away as Newfoundland and Labrador.
«What the environmental movement has determined is it's nearly impossible to object to a single oilsands project because there's so many of them and none of them have monopoly power.
«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.
McColl points out that the large - scale oilsands projects have 30 - year reserves.
Falling within his portfolio are the company's Canadian operations, including the Athabasca oilsands project and its growing interests in liquefied natural gas (LNG), including a proposed export terminal in Kitimat, B.C., with a rumoured price tag of more than $ 12 billion.
Steve Williams, head of the oldest and biggest operator in the business, gave his answer recently when Suncor Energy bought a further 10 % stake in the Fort Hills oilsands project for $ 310 million from partner Total SA.
He notes Sinopec's disappointment when French - based Total SA, the majority owner and operator of the Northern Lights oilsands project, pushed the in - production date there back to 2024.
PetroChina's purchase of the 40 % of the McKay River oilsands project it doesn't already own from Athabasca Oil Sands is just the latest example of China's national oil companies snapping up Canadian energy reserves.
Williams said on the call that stranding some of the resource could result in a 10 per cent to 20 per cent savings on operating costs for certain oilsands projects.
Most oilsands projects are well north of the community, while the worst of the flames were on the city's south side.
Can a junior company develop and operate a commercial oilsands project on its own?
That's because while the first oilsands projects were open - pit mines (and those still account for more than half the oilsands output), about 80 % of the remaining oil lies too deep to mine.
Projects that haven't yet been given a final go - ahead by Suncor's board are being deferred, such the MacKay River 2 steam - driven oilsands project in northeastern Alberta and the White Rose development off the east coast, which is operated by partner Husky Energy Inc. (TSX: HSE).
CALGARY — Husky Energy Inc. (TSX: HSE) says oil has started flowing from its Sunrise oilsands project in northeastern Alberta.
Haskayne research tracks dozens of projects to understand how efficient oilsands projects really are
While it will still fund expansions of existing oilsands projects, environmentalists likened the new policy to similar announcements by BNP Paribas and ING Group
The Court held that drug testing at a safety - sensitive Syncrude Oilsands project was justified for safety reasons.
On Thursday, it announced it would reduce its production guidance for the year by about 10,000 barrels of oil equivalent per day to about 335,000 boe / d to account for lower heavy oil production, an advanced schedule for maintenance at its Tucker oilsands project and a slower ramp up in liquids - rich natural gas output from its BD Project in Indonesia.
They therefore determined they needed to reach out for capital to fund their Long Lake oilsands project, but strategic partners were just not there.
(In 2011, Cenovus Energy let on that output from two of its in situ oilsands projects could meet the standard, which mandates that crude oil imported to the state have lower wells - to - wheels emissions than the average of all crudes sold in the U.S.) «Yes, I think that's feasible,» says George Hoberg, a political scientist at the University of British Columbia who specializes in environmental conflict.
Likely Connacher will go the way of Opti Canada, UTS Energy and Synenco Energy, junior companies ultimately not up to the task of operating even portions of oilsands projects.
If you want to know what the break - even price for new oilsands projects is (at least for the marginal project), look at the forecast of future oil prices.
The pipeline, which is a project of TransCanada Pipelines, is reviled by environmentalists and clean energy supporters throughout the U.S. who claim that it will lead to the expansion of «dirty» oilsands projects in Alberta.
And though some oilsands projects have been put on hold, the Canadian production trend line is going up too.
The oilsands project was predicated on a novel Israeli - developed gasification process intended to reduce the project's natural gas consumption.
One of its oilsands projects called Kirby North is being deferred and drilling activity in Western Canada is going to be slowed substantially.
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.
HSBC, whose global assets total more than $ 2 trillion, announced Friday that as the climate change crisis deepens, it will no longer finance new coal - fired power plants (with a few targeted exceptions), Arctic drilling or new oilsands projects, including pipelines.
Nov. 7 — Alberta — Valard Construction v. Bird Construction Civil law: Bird Construction Company, a general contractor on an oilsands project, hired a subcontractor, which in turn hired Valard Construction Ltd..
Commercial law: Driver Iron and an ironwork union agreed to the terms of a time - limited collective agreement for an oilsands project.
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