Why has Canada spent billions of dollars buying Saudi

To get to the east coast, Canadian oil also has to be shipped overland from more than 4,000 kilometres away, significantly adding to its total costs (Saudi Arabia is 10,000 kilometres away from

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PDF Cross-Border Petroleum Liquids Trade Study Key Takeaways

Canadian heavy oil. Canadian Crude Oil Production by Destination Market, 2010- Note: Total production volume includes crude oil and lease condensate as well as lighter hydrocarbons (diluent) blended with oil sands bitumen to lower its viscosity to meet pipeline and rail specification for transport. In ,

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Oil price crash expected to hit oilsands production

Western Canadian Select oil, bitumen blended with lighter oils to allow it to flow in a pipeline, fell to a record low of US$4.58 per barrel on Friday morning as New York-traded West Texas

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Buyer's Remorse or Buy-and-Hold? Chinese National Oil

The upgrader facility at Nexen Energy ULC, China CNOOC's Canadian subsidiary's Long Lake project at Athabasca oil sands, Alberta| Image: Canadian Institute of Mining Metallurgy and Petroleum/David Dodge and the Pembina Institute. Scott McKnight is a Ph.D. student in political science at the University of Toronto. His research focuses on

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A fading future for the tar sands - Oil Change International

Over the next 20 years, Canada's oil industry had drawn up plans to increase oil production faster than almost any other country. That rate of expansion from such long-lived tar sands projects would be a disaster for the climate. If the industry achieves its goals, we calculated that canadian oil - mostly tar sands - could end up using up

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Oil production costs: When and where the price of crude is

On the other hand, fuel represents a major cost for oil sands production, so lower oil prices could help lower overall production costs. Read More What makes Canada's oil sands worth the trouble In

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PDF Index :: CERI

Canadian oil sands production and supply in conjunction with an examination of oil sands supply costs. This is the thirteenth edition of ERIs oil sands supply cost and development projects update report. Similar to past editions of the report, several scenarios for oil sands development are explored.

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PDF The Canadian Oilsands and Strategic Approaches to

Oil Sands: Economic contributions. July 7, 2016. primarily reducing operating costs per barrel - it also increases the volume of oil Financial data from the five major oilsands players which control nearly 80 per cent of Canadian production - Cenovus Energy, 11 Canadian Natural Resources Limited (CNRL), 12 Husky Energy, 13

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Environmental consequences of oil production from oil sands

By 2040 the projected growth in oil sands production (Table 2) is expected to lead to a 40% increase in water appropriations by oil sands operations. This will likely not threaten the water resources of the Athabasca River, as water use for mining operators is capped by strict regulations [ Alberta Environment and Parks , 2007 ].

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For Investors Unfazed by Energy Stocks, Canadian Oil-Sands

Little said Suncor has been focused on operating expenses, bringing down the cost of producing a barrel of oil-sands crude at its main plant to US$20 a barrel from $36 in , with a goal of

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Is MCW Oil Sands The Lowest Cost Unconventional Oil Play

In addition, MCW's planned acquisition of the estimated 800 million bbl oil sands feedstock supply at Temple Mountain, Utah would take their per barrel production costs even lower with lease costs

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The Cost of Production and Energy Return of Oil Sands

Currently the cost of production is in the $40/bbl range. Capital costs add another $10-$20/bbl, but the expected operating cost for the life of the mine is projected to decline to between $25 and $35 per barrel of SCO.

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Crude Oil's Total Cost of Production Impacts Major Oil

OPEC members Nigeria, Libya, and Venezuela have the highest total cost of producing crude oil at $31.6 per barrel, $23.80 per barrel, and $23.50 per barrel.

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Why the oil sands matter to every Canadian - The Globe and

Greg Stringham, vice-president of the Canadian Association of Petroleum Producers, acknowledges that the oil sands' emissions will increase so long as production expands at projected rates.

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US LTO market responds to global price decline | Oil & Gas

Production will continue from existing projects with costs . $50/bbl and other projects already underway to recover sunk costs.We expect the Canadian oil sands to have significantly slower (or

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Canadian Oil and Natural Gas Imports: How Important Are

While rail costs are double pipeline tariffs, the lower cost Canadian oil make it profitable to use rail. Last year Canadian light oil traded as low as $68 per barrel and heavy oil at $48 per barrel, while refiners on the U.S. Gulf Coast and northeast were paying overseas prices for their heavy oil feedstock of around $110 per barrel.

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