Home » Posts tagged 'oil sands'
Tag Archives: oil sands
Canada, The Unexpected Winner in the Global Oil Boom
Canada, The Unexpected Winner in the Global Oil Boom The Trans Mountain Expansion Project, now finally completed and operational after years of delays, is changing the fortunes of the oil sands. Canada’s oil sands producers have started ramping up production last year in anticipation of the start-up of exports through the TMX pipeline. The production […]
Deep freeze disrupts crude flows in oil sands and Bakken shale
Deep freeze disrupts crude flows in oil sands and Bakken shale A deep-freeze in Canada and Northern U.S. is disrupting oil flows, causing a surge in crude prices just as American stockpiles are declining. With temperatures from North Dakota to Northern Alberta below zero Fahrenheit (-18 Celsius), TC Energy Corp.’s Keystone pipeline was shut on […]
The Unmistakable Impact Of The IEA’s ‘Fantasy’ Report
The Unmistakable Impact Of The IEA’s ‘Fantasy’ Report In an effort to adapt to Trudeau’s recent green policies and owing to pressure from the International Energy Agency (IEA), Canadian oil sand producers have formed an alliance to achieve net-zero emissions by 2050. This would see a huge shift from current practices as, at present, oil sands […]
Exxon Dumps Tar Sands/Oil Sands Holdings, Slashes Estimate of Recoverable Reserve
EXXON DUMPS TAR SANDS/OIL SANDS HOLDINGS, SLASHES ESTIMATE OF RECOVERABLE RESERVES Greenpeace / Jiri Rezac Colossal fossil ExxonMobil has dropped virtually all its tar sands/oil sands holdings from its list of recoverable assets, and its Canadian subsidiary Imperial Oil followed suit by cutting a billion barrels of bitumen from its inventory, in what Bloomberg News […]
Has oil peaked?
Has oil peaked? Last month, the world’s 4th largest oil company—BP—predicted that the world will never again consume as much petroleum as it did last year. So, have we finally hit peak oil? And if so, what does that mean for our economy and our world? There was fierce controversy in the first decade of this century […]
Canadian Oil Sands Per Barrel At $4.47, Now Cheaper Than 12-Pack Coke, $5.08
Canadian Oil Sands Per Barrel At $4.47, Now Cheaper Than 12-Pack Coke, $5.08 The collapse of global oil demand has impacted the price of Canadian Oil Sands to such a degree, the price of a barrel is now cheaper than a 12-pack of Coke purchased at Walmart. According to oilprice.com, the current price of a barrel […]
TAR SANDS OPERATIONS GO FROM BAD TO WORSE: Now Losing Billions A Month
TAR SANDS OPERATIONS GO FROM BAD TO WORSE: Now Losing Billions A Month The situation at Canada’s Alberta Tar Sands Operations has gone from bad to worse as the super-low oil price is now costing the industry billions of dollars each month. Unbelievably, the price for the Western Canadian Select heavy oil fell to a […]
Canadian Oil Producers Divided On Output Cuts
Canadian Oil Producers Divided On Output Cuts Crude oil producers in Alberta appear to be split on a proposed cut in production amid record-low prices, Canadian media report. One of the large Canadian oil producers, Cenovus Energy, is calling upon the government of Alberta to mandate temporary production cuts at all drillers in a bid […]
Canada’s Crude Crisis Is Accelerating
Canada’s Crude Crisis Is Accelerating Canadian oil producers are in an increasingly tough predicament. With high and increasing oil demand around the globe over the last year, Canadian oil production has increased accordingly. All of this is simple and predictable economics, but now Canadian oil has hit a massive roadblock. Producers have the supply, and […]
Canadian Oil Producer Calls For Production Cap Amid Record Low Prices
Canadian Oil Producer Calls For Production Cap Amid Record Low Prices One of the large Canadian oil producers, Cenovus Energy, is calling upon the government of Alberta to mandate temporary production cuts at all drillers in a bid to ease Canadian bottlenecks that have resulted in Canada’s heavy oil prices tumbling to a record-low discount […]
This small branch of Trans Mountain could derail Canada’s pipeline purchase
Trans Mountain and Puget Sound pipelines. Graphic: Carol Linnitt / The Narwhal This small branch of Trans Mountain could derail Canada’s pipeline purchase The vast majority of oilsands crude moving to the West Coast passes through the little regarded Puget Sound Pipeline, which is now heavily entangled in troubled Canada-U.S. relations Politicians and industry have […]
Politics versus the future: Canada’s Orwellian energy standoff
Politics versus the future: Canada’s Orwellian energy standoff There is no denying the utility of fossil fuels, which meet 85% of the world’s energy needs. And consumption is rising along with emissions. Even in Canada, the second largest hydropower producer in the world, 76% of end use energy is provided by fossil fuels. We are told […]
Disaster Hits Canada’s Oil Sands
Disaster Hits Canada’s Oil Sands Kinder Morgan said it would halt nearly all work on a pipeline project that is crucial to the entire Canadian oil sands industry, representing a huge blow to Alberta’s efforts to move oil to market. Kinder Morgan’s Trans Mountain Expansion is the largest, and one of the very few, pipeline […]
Is This The Beginning Of An Oil Sands Revival?
Is This The Beginning Of An Oil Sands Revival? New life was breathed into the Canadian oil sands with a decision by foreign-owned Harvest Operations Corp to commission its BlackGold project south of Fort McMurray. The Calgary-based arm of South Korean state-owned Korea National Oil Corp announced on Dec. 21 it will start the 10,000 […]
