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.
Not exact matches
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 Ind
project and a slower ramp up in liquids - rich natural gas output from its BD
Project in Ind
Project in Indonesia.
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.
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 company is also
at the forefront of efforts to change the
oilsands» poor environmental image, investing in the $ 1.35 - billion Quest
project, which captures carbon emissions from
oilsands operations and buries them beneath the surface.
(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.
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 Ind
project and a slower ramp up in liquids - rich natural gas output from its BD
Project in Ind
Project in Indonesia.
Imperial Oil Ltd. has revealed plans for a new $ 2 - billion
oilsands plant
at a time its competitors have cancelled or deferred new
projects to survive the oil price collapse.
Temporary shutdowns
at Alberta
oilsands projects for scheduled maintenance have eased the pipeline congestion for now
«Even though all the
projects come to me for my final signature, you get a couple of lines as to what that film is and we're looking
at now how do I get more information about it because — oh, it's a film about Alberta, it's a film about the
oilsands — but who knew what it meant
at the time?»
The Court held that drug testing
at a safety - sensitive Syncrude
Oilsands project was justified for safety reasons.