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Friday, December 4, 2020 | History

1 edition of Oil sands development risks, economics, outlook found in the catalog.

Oil sands development risks, economics, outlook

Oil sands development risks, economics, outlook

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  • 6 Currently reading

Published by Canadian Petroleum Association in Calgary .
Written in English

    Subjects:
  • Oil sands -- Alberta -- Economic aspects,
  • Oil sands -- Alberta.

  • Edition Notes

    Statementprepared by Canadian Petroleum Association.
    ContributionsCanadian Petroleum Association.
    Classifications
    LC ClassificationsHD9574.A3 O65 1975
    The Physical Object
    Pagination1 v. (various pagings) :
    ID Numbers
    Open LibraryOL18960321M


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Oil sands development risks, economics, outlook Download PDF EPUB FB2

The odd active oil sands projects outlook book owned by major oil companies from Canada and around the world, including the U.S. and China. Together, the.

The Alberta oil sands are found in at least four major deposits, the geographical location of which is shown in Fig. The estimated oil-in-place reserves are shown in Fig. As a result of the drilling which has occurred in the past decades, an estimate has been prepared Oil sands development risks the extent of the deposit available for surface mining ( feet or less of overburden) and in situ techniques.

A major effort to expand development of Canada’s oil sands has collapsed shortly before a deadline for government approval, undone by investor concerns over oil’s future and. Lowey, in Developments in Environmental Science, Land Use and Waste Management.

Alberta's oil sands underliekm 2 (54, square miles) or approximately 37% of Alberta's boreal forest—an area the size of Florida. The area that can be mined for oil sands is km mining area currently under development is km 2, or approximately % of Alberta's boreal forest.

Our original oil and gas industry outlook projected the biggest challenges in would be weakening economic growth, intensifying trade tensions, and global political risks. How will COVID’s impact on the oil and gas market change these predictions.

And. The environmental impact of the oil sands is an issue that has been extremely divisive. As with the extraction and use of any fossil fuel, negative environmental effects arise as a result of the extraction, upgrading, and processing of bitumen from the oil sands.

Although some steps are being taken to reduce the severity of these impacts - such as reclamation - there are still associated. Balancing the short- and long-term needs. How can company executives remain vigilant to the many risks and uncertainties clouding the outlook for while standing ready to embrace new opportunities for profitable growth in an evolving market landscape, which might look quite different in the next decade and thereafter, as disruptive forces accelerate.

Section 4 discusses the economic attractiveness for investors of the oil sands in the near and long term and summarizes what role the resource could play in future global supply. The Appendix provides a detailed oil sands primer as a recommended pre-read for.

Future oil demand will remain strong • Deepwater is where the remaining big reserves are located • Deepwater will account for 25% of global offshore production bycompared to just 9% now • Innovative technologies will allow economic developments in deep and ultra-deepwater.

Why Deepwater. Relative Deepwater Well Activity in Additionally, this report discusses prices and capital expenditures in the oil and gas sector, and pipelines and other infrastructure related to Alberta's energy resources.

Electronic data files for crude oil and natural gas reserves, as well as PDF maps of designated fields, oil sands areas, development entities, and documents related to ST   Oil sands producers have made a number of important advancements in the past several years. They came together in to establish the Canadian Oil Sands Innovation Alliance with the goal of sharing technologies and intellectual property.

Research and development within the companies themselves has yielded promising results. Synthetic fuel or synfuel is a liquid fuel, or sometimes gaseous fuel, obtained from syngas, a mixture of carbon monoxide and hydrogen, in which the syngas was derived from gasification of solid feedstocks such as coal or biomass or by reforming of natural gas.

Common ways for refining synthetic fuels include the Fischer–Tropsch conversion, methanol to gasoline conversion, or direct coal. The importance of Canada’s oil sands Canada’s oil sands are important to the U.S. economy and energy security.

Global demand for energy continues to rise. Canada has the third largest oil reserves in the world and 97% of these reserves are in the oil sands. Canada’s oil sands help supply America’s energy needs while also. A Federal Leasing and Development Ban Threatens America’s Energy Security and Economic Growth, Undermines Environmental Progress.

Energy produced on federal lands and waters plays a critical role in America’s energy revolution, accounting for 12% of U.S.

natural gas production and nearly a quarter of U.S. oil production. According to a new OnLocation analysis, The Consequences of a. Considering the drastic fall of oil prices and considerable change in the North American oil industry coupled with increasingly stringent environmental policy, there are many concerns about the.

In-situ Development of Oil Sands These statements are not guarantees of futureperformance and involve certain risks, uncertainties and assumptions that are difficult to predict.

Further, certain forward-looking statements are basedupon assumptions as to future events that may not prove to be accurate.

Canada’s Oil Sands & Economic. Oil Sands The Uinta Basin holds an estimated 30 billion barrels of heavy oil. US Oil Sands, with leases on 32, acres of bitumen-bearing sandstone on the basin’s southern rim, is positioned to be the largest commercial oil sands producer in the United States.

The list of projects most at risk includes deepwater discoveries off Brazil, Angola and in the Gulf of Mexico, said Parul Chopra, vice president for upstream research at Rystad.

Canadian oil-sands projects such as the expansion of the Sunrise development in Alberta are also in doubt, he said. Exxon and Oil Sands Go on Trial in New York Climate Fraud Case.

The New York attorney general says Exxon used two sets of books and misled investors by downplaying the potential costs of carbon. Canadian Production. The report projects a constrained outlook for Canadian oil production from to Although production will increase by million barrels per day (b/d) bythat growth rate is about 6% less than CAPP’s forecast.

Total annual production is expected to increase by an average of 3% untilthen slow to an average growth rate of 1% annually. Norway’s recent announcement that its US$trillion sovereign fund will divest from four major Canadian oil companies further dented the outlook.

But. The present outlook reflects LUKOIL’s position regarding global hydrocarbon market long-term prospects. The. outlook’s objective is to analyze trends that will - in our view - determine the future of global oil and gas markets.

Such analysis is prepared by the Company on a regular basis in order to keep the strategy up to date and to form. Table 2. Oil Sands Deposits in the World. Actual Production and Projected Production in Year From Surface Mining and In Situ Extraction [Wykes and Heywood, ; Alberta Oil Sands Industry, ], Remaining Oil in Place and Proved Oil VALUES Are Used for Areas Where No Extraction Is Expected to Occur; Missing Data Are Reported as “‐”.

An oil worker holds raw oilsands near Fort McMurray, Alta. Department of Finance documents obtained by CBC suggest further oilsands expansion is vulnerable and that could affect the national GDP. Canadian Oil Sands' profits fall, outlook cut CALGARY - Canadian Oil Sands Ltd.

has reported lower second-quarter profits and once again trimmed its production outlook. The largest owner of the Syncrude Canada Ltd. oilsands mine said net income was $ million, or 21 cents per share, compared to $ million, or 71 cents per share, during. From economic exclusion of youth in the Middle East to a pragmatic approach to energy and environmental security, this “top 10” is intended to mark core issues and shed light on opportunities.

The oil price that companies need to profitably drill new wells has closely tracked prices for long-dated oil futures in recent years. The emergence of U.S. shale production seems to be playing a large role in anchoring long-term oil prices.

The Asian Development Outlook analyzes economic and development issues in developing countries in Asia. Key Indicators The Key Indicators for Asia and the Pacific publication presents data regarding the economic, financial, social, and environmental situations in a broad range of countries across the region.

With Oil Sands Ambitions on a Collision Course With Climate Change, Exxon Still Stepping on the Gas. Despite understanding environmental risks, the. The main risks to the economic outlook arise from a delay in fiscal adjustment, which will impede debt reduction and negatively affect business confidence and external financing costs in an adverse global environment.

Growth is projected to slow to % in as Oman’s commitment to the December OPEC+ output cut constrains oil production. While further price volatility and oversupply has led to an increase in inventories, our outlook post is more positive than it was a year ago.

Short-term outlook to If demand growth stays healthy and OPEC maintains disciplined regarding production, we expect to see average oil prices in the USD/bbl range to The Athabasca oil sands, also known as the Athabasca tar sands, are large deposits of bitumen or extremely heavy crude oil, located in northeastern Alberta, Canada – roughly centred on the boomtown of Fort oil sands, hosted primarily in the McMurray Formation, consist of a mixture of crude bitumen (a semi-solid rock-like form of crude oil), silica sand, clay minerals, and water.

CALGARY - Canadian Oil Sands Ltd. (TSX:COS) posted a big drop in profit for the first three months of the year as unplanned outages at the Syncrude oilsands mine took a bite out of production. Net income during the first quarter was $ million, or 37 cents per share, down from $ million, or 66 cents per share during the same period a year.

As oil prices rose and Asian currencies depreciated, inflation edged up last year but remained low by historical standards. In light of stable commodity prices, inflation is anticipated to remain subdued at % in both and Risks remain tilted to the downside. BP Energy Outlook – Insights from the Evolving transition scenario – India * Compound annual growth rate.

†Oil supply includes crude oil, shale oil, oil sands, natural gas liquids, liquid fuels derived from coal and gas, and refinery gains, but excludes biofuels. The DOE reported Total Crude Oil Inventories increased by million barrels to million barrels for the week ending Novemwhile Energy Novem Oil sands per-unit operating costs decline 31%.

Combined oil sands production averaged more thanbarrels per day (bbls/d) net in the first quarter, up 20% from the same period in Unconventional oil resources are produced by methods other than the traditional oil well.

These resources include oil sands, tar sands, heavy oil, and oil shale, but are beyond the scope of this website. Unconventional natural gas development is characterized by unique geologic attributes that make the reservoirs more challenging to produce.

* The Company reduced methane emissions in its North American E&P segment by 15% from to * Oil Sands Mining and Upgrading fresh river water use.

The socioeconomic insecurity, weak governance, and poor infrastructure planning that causes deforestation in the Amazon requires an integrated, multisector approach to sustainable development that balances environmental, security, and economic concerns in the region.

Global growth is projected to slow to percent in before recovering to percent in The forecast, revised down by percentage point for and relative to April, reflects a more subdued outlook for advanced economies following the June U.K. vote in favor of leaving the European Union (Brexit) and weaker-than-expected growth in the United States.

These developments.In regards to the heavy oil and oil sands industry, opportunities exist to reduce the use of water and natural gas and to decrease overall environmental impacts. On a similar front, Alberta’s natural gas industry is exploring ways to improve well economics by reducing the cost of explorations and increasing well productivity through.

Lougheed, who vigorously promoted the growth of the oil sands industry in the s, now stands opposed to what he calls runaway development.

On Wednesday, he told the Canadian Broadcasting Corporation (CBC) that TransCanada’s proposed C$7 billion ($ billion) Keystone XL pipeline would ship Canadian jobs to the US. "I would prefer we process the bitumen from the oil sands .