Sentences with phrase «year oil sands project»

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.

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.

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.

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.

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.

A few years ago an economic case could have been made to break ground on a major new pipeline project from the oil sands, but that time has now come and gone.

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.

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.

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.

In fact, the oil sands project will ultimately generate 11,219,000 person - years of high - paying employment from Alberta to British Columbia, Ontario and the Maritime Provinces, say government sources.

Without recovery, oil sands production is projected to lose 30 million barrels per year of bitumen and naptha by 2015.

Genome Alberta announced C$ 25.2 million (US$ 22.2 million) in public / private funding over four years for two new genomic research projects, one targeted at enhanced recovery of fossil hydrocarbon resources from oil sands and coal beds through biological processes, the other focused on discovering plant genes that can be sequenced and used... Read more →

The Government of Canada is supporting a three - year project that will result in the construction of a $ 19 - million, demonstration - scale facility in Alberta that will use algae to recycle industrial carbon dioxide emissions from an oil sands facility into commercial products such as biofuels.

«Shell's deferral of Pierre River, one of the high - cost oil sands projects that we highlighted in our «Carbon supply Cost Curves» analysis last year, is in line with our belief that companies should cancel capex on high - cost projects in favour of a portfolio of low - breakeven investments in order to protect shareholder value,» said Andrew Grant financial analyst at the Carbon Tracker Initiative.

«There were more than enough Albertan tradespeople eager to work on this project back when it started in the middle of last year while oil prices were sky high and the oil sands were going full throttle,» McGowan said.

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.