Canada s Oil Sands. Energy Security. Environmental Sustainability. Economic Growth and Jobs. Shifting Supply and Demand

Size: px
Start display at page:

Download "Canada s Oil Sands. Energy Security. Environmental Sustainability. Economic Growth and Jobs. Shifting Supply and Demand"

Transcription

1 Canada s Oil Sands

2 Canada s Oil Sands Energy Security Shifting Supply and Demand the world is counting on Canada s oil Access to existing and new markets Environmental Sustainability Greenhouse gas emissions and air quality Water use and quality Land impacts (boreal forest) Economic Growth and Jobs Creating jobs across North America

3 Global Energy Needs Global economic growth will require more energy of all kinds Energy supply mix: Increasing role for renewables Continuing reliance on hydrocarbons Declining conventional means increasing role for non-conventional crude oil & natural gas Technology is a key enabler of sustainable growth Mtoe 18,000 16,000 14,000 12,000 10,000 8,000 6,000 4,000 2,000 World Energy Demand Other Renewables Biomass & Waste Hydro Nuclear Natural Gas Oil Coal Source: IEA: World Energy Outlook Reference

4 Global Crude Oil Reserves by Country World Oil Reserves Accessible Oil Reserves State owned or controlled Accessible Canada s Oil Sands 51% billion barrels Other Accessible Reserves 49% Saudi Arabia Canada Iran Iraq Kuwait Venezuela Abu Dhabi Russia Libya Nigeria Kazhakhstan Qatar China United States Source: Oil & Gas Journal Dec. 2009

5 Oil Sands Production Technologies Mining 35 billion barrels reserves 20% of the oil sands reserves is less than 200 feet deep Source: Canadian Centre for Energy Information In-Situ 135 billion barrels reserves 80% of the oil sands reserves is more than 200 feet deep Steam Assisted Gravity Drainage (SAGD) In-situ operations: Do not have mines Or tailings ponds

6 80% of oil sands resource recovered through wells (97% of oil sands land area) Photo: ConocoPhillips - Surmont Schematic: Devon - Jackfish 6

7 Total Canadian Oil Production Total Canadian Oil Production

8 Resources to Reserves Production Cost Curve (including a carbon tax of $50 per tonne CO 2 equiv. emissions) 150 Production cost (2008 USD) Already produced MENA Conv. oil Other Conv. oil C O 2 E O R All Deep Water O T H. E O R Arctic Heavy Oil Bitumen Available in billion barrels Oil Shales GTL CTL BTL Ethanol Biodiesel OECD/IEA 2009

9 Economic Benefits of Oil Sands (CERI 2009, over the next 25 years) Economic impact generated = $1.7 trillion (GDP) Employment created = 11.4 million person-years 112,000 jobs rising to 500,000 jobs over 20 years Government Revenues = $491 Billion Federal Tax = $188 billion Provincial Tax = $118 billion Alberta = 80% of total Alberta Royalties = $185 billion $7.4 billion per year The oil sands creates jobs, businesses and government revenues across Canada. Federal Taxes Provincial Taxes Provincial Royalties

10 Access to Current and New Markets Canadian & U.S. Crude Oil Pipeline Proposals

11 U.S. Demand for W. Canadian Crude Oil 2009 vs Potential

12 Canada s Share of U.S. Imports Crude Oil & Petroleum 70% 60% % Saudi % Mexico % Venezuela % Canada 50% 40% 30% 20% 10% 0% Source: EIA Jan

13 Environmental & Social Performance Guiding Principles for Oil Sands Development People Air Water Land ADVERTISING SPONSORSHIPS ENGAGEMENT & DIALOGUE EMPLOYEES EDUCATION ENERGY LITERACY SPEECHES AND PRESENTATIONS SOCIAL MEDIA AND WEB MEDIA GOVERNMENT RELATIONS COMMUNICATION

14 Global Energy Related GHG Emissions Global Emissions Canada s 2% China 21% OECD Europe 15% Non-OECD Europe & Eurasia 10% Japan 4% India 5% Other Fossil Fuel* Service Industries 5% 8% Residential 7% Conventional Oil & Gas Production 12% Oil Sands 5% Canada 2% Agriculture 10% Electricity 16% Australia/New Zealand 2% United States 20% Other 21% Transportation 22% Manufacturing & Heavy Industry 15% GHG emissions from oil sands: less than 1/1000th of global GHG emissions 39% reduction in intensity since 1990

15 North American GHG Emissions Production

16 Full Cycle GHG Emissions 120 GHG Emissions from Production and Refining GHG Emissions from Gasoline Consumption g CO2e/MJ gasoline Saudi Arabia Mexico Iraq Venezuela Nigeria US Gulf Coast California Thermal Oil Sands Wtd. Avg Source: Jacobs Consultancy, Life Cycle Assessment Comparison for North America and Imported Crudes, June 2009

17 Reducing Greenhouse Gas Emissions Reducing GHG Emissions Using less energy input Reducing energy waste/losses Capturing waste heat Cogeneration power/steam Use energy more efficiently g co2 eq./mj Oil Sands GHG Emissions/bbl 39% Capturing CO2 Capture technologies Upgraders, hydrogen plants Transportation Storage and Sequestration

18 Water Use & Quality Water Use Oil sands currently use <1% of the annual flow of the Athabasca river.2.2% at full development Withdrawals capped during low flow periods Some new in situ projects use no fresh water for steam (e.g. Devon) Water Quality water quality at test and baseline stations in the Athabasca River were assessed as having Negligible-Low differences from regional baseline water quality conditions (Regional Aquatics Monitoring Program (RAMP) 2009 Technical Report) Industry supports 3 rd party review 18

19 Land Use and Reclamation

20 Mining Reclamation Underway 20

21 Oil Sands Performance Technology is Key Energy Efficiency Low energy extraction 40ºC instead of 80ºC = 1/3 of the energy Underground combustion rather than steam Petrobank Whitesands THAI process Additives to reduce the need for both water and energy (steam) LASER (Imperial), SAP (Cenovus), N-Solv SC-SAGD (Laricina), SOLVE (Statoil/PTRC) Electricity instead of steam to warm the heavy oil underground ET-Energy, Shell Syncrude Low Energy Extraction Petrobank THAI Process Carbon Capture and Storage Most effective at upgraders/hydrogen plants Shell Quest in development phase Laracina solvent/steam process Transparent metrics & reporting 3rd party review Suncor Pond 1 Reclamation

22 Achieving Balance Providing Energy Security Safe, secure and reliable energy Ensuring Environmental Stewardship Strict regulations Address concerns through performance Technology advances Generating Economic Benefits Jobs and revenues across North America

Canada s oil sands the in situ producers perspective

Canada s oil sands the in situ producers perspective Canada s oil sands the in situ producers perspective February 11, 2010 By: Chris Bloomer (Presented by: Gerald W. Bruce, IOSA member) IOSA Member Petrobank Who is IOSA? In situ Oil Sands Alliance Independent

More information

Canada s Upstream Oil and Gas Sector - Global Leadership

Canada s Upstream Oil and Gas Sector - Global Leadership Canada s Upstream Oil and Gas Sector - Global Leadership Calgary-China Investment Summit Beijing, China October 17, 2013 Dave Collyer, President 1 Global Primary Energy Demand 20,000 18,000 16,000 14,000

More information

Fossil Fuel Emissions Information. Fossil Fuel Combustion and the Economics of Energy

Fossil Fuel Emissions Information. Fossil Fuel Combustion and the Economics of Energy Fossil Fuel Emissions Information Fossil Fuel Combustion and the Economics of Energy For more information, please see the emissions readings on the AT76 web site Tabulations of emissions by country: Distribution

More information

Natural Gas Use in Alberta s Oil Sands Industry. Outline

Natural Gas Use in Alberta s Oil Sands Industry. Outline Natural Gas Use in Alberta s Oil Sands Industry CERI North American Natural Gas Conference March 1, 2004 1 Outline Oil Sands Industry Overview Bitumen and Synthetic Crude Oil Supply Projections Oil Sands

More information

Responsible Canadian Energy: Continuous Improvement in Environmental Performance in Atlantic Canada s Oil and Gas Industry

Responsible Canadian Energy: Continuous Improvement in Environmental Performance in Atlantic Canada s Oil and Gas Industry Responsible Canadian Energy: Continuous Improvement in Environmental Performance in Atlantic Canada s Oil and Gas Industry Paul Barnes, Manager, Atlantic Canada & Arctic October 9, 2014 Overview Who is

More information

Impact of American Unconventional Oil and Gas Revolution

Impact of American Unconventional Oil and Gas Revolution National University of Singapore Energy Studies Institute 18 May 215 Impact of American Unconventional Oil and Gas Revolution Edward C. Chow Senior Fellow Revenge of the Oil Price Cycle American Innovation:

More information

The Canadian Oil Sands in the Context of the Global Energy Demand

The Canadian Oil Sands in the Context of the Global Energy Demand Extended Abstract for 17 th Convocation of the International Council of Academies of Engineering and Technological Sciences (CAETS), Tokyo, Japan, October 2007. The Canadian Oil Sands in the Context of

More information

INTERNATIONAL ENERGY AGENCY WORLD ENERGY INVESTMENT OUTLOOK 2003 INSIGHTS

INTERNATIONAL ENERGY AGENCY WORLD ENERGY INVESTMENT OUTLOOK 2003 INSIGHTS INTERNATIONAL ENERGY AGENCY WORLD ENERGY INVESTMENT OUTLOOK 2003 INSIGHTS Global Strategic Challenges Security of energy supplies Threat of environmental damage caused by energy use Uneven access of the

More information

World Oil Demand: Key Trends and Uncertainties

World Oil Demand: Key Trends and Uncertainties World Oil Demand: Key Trends and Uncertainties Nicola Pochettino Senior Energy Analyst International Energy Agency World Primary Energy Demand 7 000 6 000 Oil Mtoe 5 000 4 000 3 000 Natural gas Coal 2

More information

Short-Term and Long-Term Outlook for Energy Markets

Short-Term and Long-Term Outlook for Energy Markets Short-Term and Long-Term Outlook for Energy Markets Guy Caruso Administrator, Energy Information Administration guy.caruso@eia.doe.gov Fueling the Future: Energy Policy in New England December 2, 25 Boston,

More information

WORLD ENERGY OUTLOOK 2005 Middle East & North Africa Insights

WORLD ENERGY OUTLOOK 2005 Middle East & North Africa Insights WORLD ENERGY OUTLOOK 2005 Middle East & North Africa Insights Nicola Pochettino Senior Energy Analyst Global Energy Trends: Reference Scenario International Energy Price Assumptions The assumed oil-price

More information

Black Gold: America and Oil 9/23/08 NOTES 9/18/08 POSTED & ASSIGNMENT #4 INTER/EXTRAPOLATION & EXP. GROWTH?

Black Gold: America and Oil 9/23/08 NOTES 9/18/08 POSTED & ASSIGNMENT #4 INTER/EXTRAPOLATION & EXP. GROWTH? Black Gold: America and Oil 9/23/08 NOTES 9/18/08 POSTED & ASSIGNMENT #4 INTER/EXTRAPOLATION & EXP. GROWTH? Questions Is America / world running out of oil? Can the US be energy-independent? U.S. Energy

More information

January Christof Rühl, Group Chief Economist

January Christof Rühl, Group Chief Economist January 213 Christof Rühl, Group Chief Economist Contents Introduction Global energy trends Outlook 23: Fuel by fuel Implications Energy Outlook 23 BP 213 Introduction Global energy trends Outlook 23:

More information

International Energy Outlook 2017

International Energy Outlook 2017 International Energy 217 for Eighth IEA-IEF-OPEC Symposium on Energy s February 14, 218 Riyadh, Saudi Arabia U.S. Energy Information Administration U.S. Energy Information Administration Independent Statistics

More information

Let's get non-technical: An economist's take on the past, the present, and the future of the industry

Let's get non-technical: An economist's take on the past, the present, and the future of the industry Let's get non-technical: An economist's take on the past, the present, and the future of the industry Erkal Ersoy e.ersoy@hw.ac.uk www.erkalersoy.co.uk Agenda» The market > The petroleum industry > Supply

More information

THE OUTLOOK FOR UNCONVENTIONAL FUELS

THE OUTLOOK FOR UNCONVENTIONAL FUELS THE OUTLOOK FOR UNCONVENTIONAL FUELS Roger H. Bezdek, Ph.D. Management Information Services, Inc. rbezdek@misi-net.com Presented at the Conference Integrating Energy Policy and Climate Policy Sponsored

More information

Williams Offgas Business in the Oil Sands

Williams Offgas Business in the Oil Sands Williams Offgas Business in the Oil Sands Presentation to CSGWest, Energy and Public Lands Committee July 22, 2012 By Lorraine Royer, Manager, Government Affairs Williams Energy Canada Williams > Energy

More information

The Market in The International Oil Market. The Market in The Market today. A paradigm shift

The Market in The International Oil Market. The Market in The Market today. A paradigm shift The Market in 2004 The International Oil Market A paradigm shift Presentation by Anthony D Owen Reserve Bank of Australia, 10 May 2006 Surplus production capacity dropped sharply as a result of a sharp

More information

US Oil and Gas Import Dependence: Department of Energy Projections in 2011

US Oil and Gas Import Dependence: Department of Energy Projections in 2011 1800 K Street, NW Suite 400 Washington, DC 20006 Phone: 1.202.775.3270 Fax: 1.202.775.3199 Email: acordesman@gmail.com Web: www.csis.org/burke/reports US Oil and Gas Import Dependence: Department of Energy

More information

OECD/IEA World Energy Outlook 2011 focus on oil, gas and coal

OECD/IEA World Energy Outlook 2011 focus on oil, gas and coal World Energy Outlook 2011 focus on oil, gas and coal The context: fresh challenges add to already worrying trends Economic concerns have diverted attention from energy policy and limited the means of intervention

More information

BP Energy Outlook 2017 edition

BP Energy Outlook 2017 edition BP Energy Outlook 217 edition Margaret Chen Head of China Economist bp.com/energyoutlook #BPstats Economic backdrop Contributions to GDP growth by factor Contributions to GDP growth by region % per annum

More information

International Energy Outlook 2011

International Energy Outlook 2011 International Energy Outlook 211 Center for Strategic and International Studies, Acting Administrator September 19, 211 Washington, DC U.S. Energy Information Administration Independent Statistics & Analysis

More information

Toronto Star Editorial Board. April 3, 2014

Toronto Star Editorial Board. April 3, 2014 Toronto Star Editorial Board April 3, 2014 1 CAPP Scotiabank Investment Symposium April 3 & 4, 2014 ~90 companies ~600 investors Theme is Market Pathways Plenaries on transportation, LNG and provincial

More information

Energy in Perspective

Energy in Perspective Energy in Perspective BP Statistical Review of World Energy 27 Christof Rühl Deputy Chief Economist London, 12 June 27 Outline Introduction What has changed? The medium term What is new? 26 in review Conclusion

More information

SHELL EXPLORATION & PRODUCTION Unconventional Resources: Potential and Challenges

SHELL EXPLORATION & PRODUCTION Unconventional Resources: Potential and Challenges SHELL EXPLORATION & PRODUCTION Unconventional Resources: Potential and Challenges International Association of Energy Economists June 23 rd 2009 Frits Eulderink, VP Unconventional Oil DISCLAIMER STATEMENT

More information

17 th February 2015 BP Energy Outlook bp.com/energyoutlook #BPstats BP p.l.c. 2015

17 th February 2015 BP Energy Outlook bp.com/energyoutlook #BPstats BP p.l.c. 2015 17 th February 215 BP bp.com/energyoutlook #BPstats Economic backdrop GDP Trillion, $211 PPP 24 Other Non-OECD Asia 18 OECD Contribution to GDP growth Trillion $211 PPP, 213-35 9 Population Income per

More information

Dr. Laura Nelson, VP Energy and Environment! April 28, 2010! Unconventional Fuels Conference! Update and Policy Considerations for Development!

Dr. Laura Nelson, VP Energy and Environment! April 28, 2010! Unconventional Fuels Conference! Update and Policy Considerations for Development! Dr. Laura Nelson, VP Energy and Environment! April 28, 2010! Unconventional Fuels Conference! Update and Policy Considerations for Development! World Marketed Energy Consumption! 678.3 Quadrillion Btu!

More information

Energy Market Update. Mark Finley Meet Alaska, January 21, 2011

Energy Market Update. Mark Finley Meet Alaska, January 21, 2011 Energy Market Update Mark Finley Meet Alaska, January 21, 211 Agenda Where we ve been Trends in global energy Where we are: The short-term outlook Why has oil been different? Where we are going (or might

More information

OVERVIEW OF TRENDS IN WORLD GAS DEVELOPMENT AND USE

OVERVIEW OF TRENDS IN WORLD GAS DEVELOPMENT AND USE OVERVIEW OF TRENDS IN WORLD GAS DEVELOPMENT AND USE International Symposium on Natural Gas and Sustainable Development Doha, Qatar 6-8 February 2006 Ian Cronshaw Head, Energy Diversification Division World

More information

Energy Statistics: Making the Numbers Count

Energy Statistics: Making the Numbers Count Energy Statistics: Making the Numbers Count IFEG Autumn Seminar, 5 th November 29 Paul Appleby, BP Group Economics Team Working with Energy Statistics The key challenges. Finding relevant & reliable data

More information

THE MEDIUM TERM SURGE IN US OIL SUPPLY: A GAME CHANGER

THE MEDIUM TERM SURGE IN US OIL SUPPLY: A GAME CHANGER THE MEDIUM TERM SURGE IN OIL SUPPLY: A GAME CHANGER 9 THE WORLD IS EXPECTED TO EXPERIENCE AN OIL SUPPLY GLUT UNTIL, with the largest suppliers being and the In its short term outlook, the Energy Information

More information

The Outlook for Global Oil and Natural Gas Resources

The Outlook for Global Oil and Natural Gas Resources The Outlook for Global Oil and Natural Gas Resources James Slutz Deputy Assistant Secretary Office of Fossil Energy U.S. Department of Energy Seventh Oil and Gas Industry Forum Hangzhou,, China Monday,

More information

IEA analysis of fossil-fuel subsidies for APEC

IEA analysis of fossil-fuel subsidies for APEC IEA analysis of fossil-fuel subsidies for APEC Marco Baroni Office of the Chief Economist International Energy Agency Kaohsiung, Chinese Taipei, 18 October 2011 Mtoe Policies could dramatically alter the

More information

Meadow Creek West. Project overview:

Meadow Creek West. Project overview: Project overview: Meadow Creek West will be a steam assisted gravity drainage (SAGD) oil sands development in northeast Alberta. Meadow Creek West is an additional phase to our Meadow Creek project and

More information

Energy Challenges of Our Time. Dr. Fatih BIROL IEA Chief Economist

Energy Challenges of Our Time. Dr. Fatih BIROL IEA Chief Economist Energy Challenges of Our Time Dr. Fatih BIROL IEA Chief Economist The context: fresh challenges add to already worrying trends Economic concerns have diverted attention from energy policy and limited the

More information

BP Energy Outlook 2016 edition

BP Energy Outlook 2016 edition BP Energy Outlook 216 edition Mark Finley 14th February 216 Outlook to 235 bp.com/energyoutlook #BPstats Economic backdrop Trillion, $21 25 Other 2 India Africa 15 China 1 OECD 5 OECD 1965 2 235 GDP 2

More information

International Oil Prices

International Oil Prices International Oil Prices Drivers and Outlook Presentation by Anthony D Owen Inaugural CEEM Annual Conference, 18 November 2005 Crying wolf (again!) or has the wolf arrived at the door? Oil is far too cheap

More information

Heavy Liquid Hydrocarbons: Their Production and the Resulting CO 2 Footprint

Heavy Liquid Hydrocarbons: Their Production and the Resulting CO 2 Footprint Heavy Liquid Hydrocarbons: Their Production and the Resulting CO 2 Footprint Tony Kovscek Stanford University Energy Resources Engineering email:kovscek@stanford.edu First, a little quiz Where does imported

More information

Global Strategic Energy Challenges

Global Strategic Energy Challenges WORLD ENERGY INVESTMENT OUTLOOK Global Strategic Energy Challenges Dr. Fatih Birol Chief Economist Head, Economic Analysis Division International Energy Agency INTERNATIONAL ENERGY AGENCY US DOE US DOE

More information

The Future of Oil. It s a Fossil-Fueled World

The Future of Oil. It s a Fossil-Fueled World The Future of Oil Roland N. Horne Energy Resources Engineering Stanford University 1 It s a Fossil-Fueled World 6% 6% 29% 35% Oil Natural Gas Coal Nuclear Hydroelectric 24% BP Statistical Review 2008 2

More information

Medium Term Energy Market Outlook IEEJ Energy Seminar October 213 Keisuke Sadamori, Director, Energy Markets & Security, IEA Primary Energy Supply from Fossil Fuels Mtoe 5 45 4 35 3 25 2 15 1 5 2 21 22

More information

Energy markets the short and the long term

Energy markets the short and the long term Energy markets the short and the long term Christof Rühl, Chief Economist, BP BP 2012 Outline The economy A year of disruptions Long term implications Conclusion Global growth: slow and on life support

More information

The Outlook for Energy: A View to 2040

The Outlook for Energy: A View to 2040 The Outlook for Energy: A View to 2040 Rob Gardner March 2014 This presentation includes forward looking statements. Actual future conditions (including economic conditions, energy demand, and energy supply)

More information

ASIA IN THE WORLD ECONOMY

ASIA IN THE WORLD ECONOMY ASIA IN THE WORLD ECONOMY Section II: Energy Classes & Topics 6. Energy Demand 7. Energy Supply 8. Case Study: China Where Supply & Demand Meet 9. Energy & The Environment ASIA IN THE WORLD ECONOMY Class

More information

American Strategy and US Energy Independence

American Strategy and US Energy Independence Cordesman: Strategy and Energy Independence 10/21/13 1 American Strategy and US Energy Independence By Anthony H. Cordesman October 21, 2013 Changes in energy technology, and in the way oil and gas reserves

More information

World Energy Outlook 2010 Renewables in MENA. Maria Argiri Office of the Chief Economist 15 December 2010

World Energy Outlook 2010 Renewables in MENA. Maria Argiri Office of the Chief Economist 15 December 2010 World Energy Outlook 2010 Renewables in MENA Maria Argiri Office of the Chief Economist 15 December 2010 The context: a time of unprecedented uncertainty The worst of the global economic crisis appears

More information

The Energy Challenge

The Energy Challenge The Energy Challenge Joan F. Brennecke Dept. of Chemical and Biomolecular Engineering Director, Notre Dame Energy Center Siemens Westinghouse Science and Technology Competition November 12, 2005 ENERGY

More information

Fuels Gaseous Liquid Solid. Nuclear. Electricity, Heating, and Cooling? Cheryl Gomez, PE, MBA, LEED AP BD+C

Fuels Gaseous Liquid Solid. Nuclear. Electricity, Heating, and Cooling? Cheryl Gomez, PE, MBA, LEED AP BD+C Cheryl Gomez, PE, MBA, LEED AP BD+C Fuels Gaseous Liquid Solid Nuclear Electricity, Heating, and Cooling? Source: US Energy Information Administration Solar, 0.2% Geothermal, 0.4% Petroleum, 1% Other Gases,

More information

UNECE Expert Group on Resource Classification April, 2016

UNECE Expert Group on Resource Classification April, 2016 UNECE Expert Group on Resource Classification April, 216 Scott W. Tinker Bureau of Economic Geology University of Texas at Austin Framing Conundrum Many people do not know how electricity is made or where

More information

World primary energy demand in the Reference Scenario: an unsustainable path

World primary energy demand in the Reference Scenario: an unsustainable path OECD/IEA OECD/IEA - 2008-2008 The context Soaring energy prices to mid-2008, followed by a drop what will it mean for demand? How will the financial crisis & economic slowdown affect energy demand & investment?

More information

Annual Energy Outlook 2015

Annual Energy Outlook 2015 Annual Energy Outlook 215 for Asia Pacific Energy Research Centre Annual Conference 215 Tokyo, Japan by Sam Napolitano Director of the Office of Integrated and International Energy Analysis U.S. Energy

More information

U.S. EIA s Liquid Fuels Outlook

U.S. EIA s Liquid Fuels Outlook U.S. EIA s Liquid Fuels Outlook NCSL 2011 Energy Policy Summit: Fueling Tomorrow s Transportation John Staub, Team Lead August 8, 2011 San Antonio, Texas U.S. Energy Information Administration Independent

More information

Contents. Introduction Global energy trends Outlook 2030: Fuel by fuel Implications. Energy Outlook 2030 BP 2013

Contents. Introduction Global energy trends Outlook 2030: Fuel by fuel Implications. Energy Outlook 2030 BP 2013 January 213 Contents Introduction Global energy trends Outlook 23: Fuel by fuel Implications Energy Outlook 23 BP 213 Introduction Global energy trends Outlook 23: Fuel by fuel Implications Energy Outlook

More information

CANADA S OIL & NATURAL GAS PRODUCERS. OIL AND NATURAL GAS PRIORITIES for a prosperous British Columbia

CANADA S OIL & NATURAL GAS PRODUCERS. OIL AND NATURAL GAS PRIORITIES for a prosperous British Columbia CANADA S OIL & NATURAL GAS PRODUCERS OIL AND NATURAL GAS PRIORITIES for a prosperous British Columbia KEY POINTS THE OIL AND NATURAL GAS INDUSTRY: Delivers jobs and economic benefits to B.C. Operates with

More information

The Outlook for Energy:

The Outlook for Energy: The Outlook for Energy: A View to 2040 Bill Colton December 9, 2014 This presentation includes forward-looking statements. Actual future conditions (including economic conditions, energy demand, and energy

More information

The Role of Oil Sands Cogeneration in the 2030 Alberta Generation Mixture. Ariane Ouellette, Dr. Andrew Rowe and Dr. Peter Wild April

The Role of Oil Sands Cogeneration in the 2030 Alberta Generation Mixture. Ariane Ouellette, Dr. Andrew Rowe and Dr. Peter Wild April The Role of Oil Sands Cogeneration in the 2030 Alberta Generation Mixture Ariane Ouellette, Dr. Andrew Rowe and Dr. Peter Wild April 13 2013 Motivation Province of Alberta targets a 2050 GHG emissions

More information

ENERGY OPEC ECONOMIC REPORT AND BALANCE SHEET 1391 CHAPTER

ENERGY OPEC ECONOMIC REPORT AND BALANCE SHEET 1391 CHAPTER ECONOMIC REPORT AND BALANCE SHEET 39 CHAPTER 3 I n 202 and the first quarter of 203, international crude oil prices followed a fluctuating trend. A host of factors were responsible for the fluctuations

More information

Where are we headed? World Energy Outlook 2008

Where are we headed? World Energy Outlook 2008 OECD/IEA - 2008-2008 Where are we headed? World Energy Outlook 2008 Mtoe World primary energy demand in the Reference Scenario: an unsustainable path 18 000 16 000 14 000 12 000 10 000 8 000 Other renewables

More information

Beyond CSS, SAGD and VAPEX. Zhangxin Chen

Beyond CSS, SAGD and VAPEX. Zhangxin Chen Beyond CSS, SAGD and VAPEX Heavy Oil and Oil Sands Reservoir Modeling Zhangxin Chen University of Calgary, NSERC/AERI/CMG Chair Professor Participants Synergia Polygen Ltd Outline Why? Importance of the

More information

Energy Perspectives 2013 Long-run macro and market outlook

Energy Perspectives 2013 Long-run macro and market outlook Energy Perspectives 213 Long-run macro and market outlook Presentation for Nätverket Olja & Gas 9 September 213 Security Eirik Wærness, Chief Economist Classificati on: Internal - Status: Energy Perspectives

More information

World Energy Outlook 2010

World Energy Outlook 2010 World Energy Outlook 2010 Nobuo Tanaka Executive Director International Energy Agency Cancun, 7 December 2010, IEA day The context: A time of unprecedented uncertainty The worst of the global economic

More information

RESOURCE BOOKLET M14/4/ENVSO/SP2/ENG/TZ0/XX/T ENVIRONMENTAL SYSTEMS AND SOCIETIES STANDARD LEVEL PAPER 2. Thursday 8 May 2014 (afternoon) 2 hours

RESOURCE BOOKLET M14/4/ENVSO/SP2/ENG/TZ0/XX/T ENVIRONMENTAL SYSTEMS AND SOCIETIES STANDARD LEVEL PAPER 2. Thursday 8 May 2014 (afternoon) 2 hours 22146303 ENVIRONMENTAL SYSTEMS AND SOCIETIES STANDARD LEVEL PAPER 2 Thursday 8 May 2014 (afternoon) 2 hours RESOURCE BOOKLET INSTRUCTIONS TO CANDIDATES Do not open this booklet until instructed to do so.

More information

Energy in 2011 disruption and continuity

Energy in 2011 disruption and continuity June 212 bp.com/statisticalreview Energy in 211 disruption and continuity Richard de Caux, Refining Analyst, Group Economics Outline A year of disruptions Energy and the economy Fuel by fuel Concluding

More information

World Energy Outlook 2009 Key results and messages of the 450 Scenario

World Energy Outlook 2009 Key results and messages of the 450 Scenario World Energy Outlook 29 Key results and messages of the 45 Scenario Marco Baroni Office of the Chief Economist International Energy Workshop Stockholm, 22 June 21 Mtoe World primary energy demand by fuel

More information

1 Monday, May 16, 16

1 Monday, May 16, 16 1 Chapter 12 Nonrenewable Energy Resources Nonrenewable Energy Nonrenewable energy resources- fossil fuels (coal, oil, natural gas) and nuclear fuels. U.S. Energy Use 13% 1% 19% 42% 25% Coal Natural Gas

More information

The Outlook for Energy:

The Outlook for Energy: The Outlook for Energy: A View to 24 Rob Gardner October, 216 The Outlook for Energy includes Exxon Mobil Corporation s internal estimates and forecasts of energy demand, supply, and trends through 24

More information

Chevron: A Focused Leader in Heavy Oil

Chevron: A Focused Leader in Heavy Oil Chevron: A Focused Leader in Heavy Oil Gary Luquette President, North America Exploration and Production May 5, 2008 JPMorgan Annual Energy Symposium: Heavy Oil Cautionary Statement CAUTIONARY STATEMENTS

More information

Canadian Energy Research Institute

Canadian Energy Research Institute Relevant Independent Objective Energy and Hydrogen for Alberta s Oil Sands Oil Sands Supply and Infrastructure Conference Bob Dunbar, President Strategy West Inc. bob.dunbar@strategywest.com Former Senior

More information

Energy Security, Climate and Your Car: U.S. Energy Policy and Beyond

Energy Security, Climate and Your Car: U.S. Energy Policy and Beyond Energy Security, Climate and Your Car: U.S. Energy Policy and Beyond Amy Myers Jaffe Wallace S. Wilson Fellow in Energy Studies and Kenneth B. Medlock III Fellow in Energy Studies James A. Baker III Institute

More information

Energy in 2011 disruption and continuity

Energy in 2011 disruption and continuity June 212 bp.com/statisticalreview Energy in 211 disruption and continuity Paul Appleby, Head of Energy Economics Outline A year of disruptions Energy and the economy Fuel by fuel Concluding remarks Energy

More information

2018 oil price forecast: who predicts best? Information document

2018 oil price forecast: who predicts best? Information document 2018 oil price forecast: who predicts best? Information document Amsterdam, March 2018 Since 2007, Roland Berger has published an annual review of available oil price forecasts Roland Berger study of oil

More information

Oil and natural gas: market outlook and drivers

Oil and natural gas: market outlook and drivers Oil and natural gas: market outlook and drivers for American Foundry Society May 18, 216 Washington, DC by Howard Gruenspecht, Deputy Administrator U.S. Energy Information Administration Independent Statistics

More information

Alberta s Oil Sands Resources, Production Growth,Products and Markets

Alberta s Oil Sands Resources, Production Growth,Products and Markets Alberta s Oil Sands Resources, Production Growth,Products and Markets Duke du Plessis. Senior Advisor Alberta Economic Development and Alberta Energy Research Institute Calgary, Alberta, Canada October

More information

A Different Future? Robert J. Finley Illinois State Geological Survey Champaign, Illinois

A Different Future? Robert J. Finley Illinois State Geological Survey Champaign, Illinois Fossil Fuels, Energy Efficiency, and Carbon Emissions: A Different Future? Robert J. Finley Illinois State Geological Survey Champaign, Illinois Governor s Pollution Prevention Awards October 25, 2007

More information

The Outlook for Energy: A View to 2040

The Outlook for Energy: A View to 2040 The Outlook for Energy: A View to 2040 Todd Onderdonk USAEE -- Houston February 2014 This presentation includes forward-looking statements. Actual future conditions (including economic conditions, energy

More information

Cold Lake expansion project

Cold Lake expansion project Cold expansion project Initial project description Plain language summary March 2016 Our commitment Imperial Oil Limited s success depends on our ability to maintain an open dialogue with, and ongoing

More information

Water and Energy Efficiency Challenges in Oil and Gas Development

Water and Energy Efficiency Challenges in Oil and Gas Development Water and Energy Efficiency Challenges in Oil and Gas Development Presented to the 3RD CANADIAN GERMAN CONFERENCE ON ENERGY AND WATER EFFICIENCY IN INDUSTRIAL APPLICATIONS Calgary, Alberta March 3, 2015

More information

Lunch Session. Oil and Gas Security. Aad van Bohemen, IEA/Energy Policy and Security Division 6 March 2018 (APEC-OGSNF) IEA OECD/IEA 2017

Lunch Session. Oil and Gas Security. Aad van Bohemen, IEA/Energy Policy and Security Division 6 March 2018 (APEC-OGSNF) IEA OECD/IEA 2017 Lunch Session Oil and Gas Security Aad van Bohemen, IEA/Energy Policy and Security Division 6 March 2018 (APEC-OGSNF) IEA Long-term Energy Markets Outlook Key takeaways from WEO 2017 India takes the lead,

More information

A HISTORIC SHIFT TO GOOD TIMES?

A HISTORIC SHIFT TO GOOD TIMES? RICE GLOBAL E&C FORUM A HISTORIC SHIFT TO GOOD TIMES? Oil Pricing Outlook Alessandro Lanza, PhD Chief Economist, Eni 1 Houston, October 11, 2005 Summary Key factors in oil price dynamics Supply Refining

More information

The Outlook for Energy:

The Outlook for Energy: The Outlook for Energy: A View to 24 Todd Onderdonk FPA DFW Symposium May 216 The Outlook for Energy includes Exxon Mobil Corporation s internal estimates and forecasts of energy demand, supply, and trends

More information

MENA Energy Trends. June Edward Bell Commodities Analyst Emirates NBD Research

MENA Energy Trends.  June Edward Bell Commodities Analyst Emirates NBD Research MENA Energy Trends Edward Bell Commodities Analyst Emirates NBD Research June 216 www.emiratesnbdresearch.com 1 (Proved reserves, trn cu metres) (Proved reserves, trn cu metres) (Proved reserves, m bbl)

More information

Upstream /15/2009. Industry Outlook - Oil & Gas Demand/Supply. Required New Production. Production MOEBD. Frédéric Guinot.

Upstream /15/2009. Industry Outlook - Oil & Gas Demand/Supply. Required New Production. Production MOEBD. Frédéric Guinot. Oil and Gas Industry Upstream 29 Frédéric Guinot Swiss Section The Challenge MOEBD Industry Outlook - Oil & Gas Demand/Supply 2 World Demand 16 175 12 8 9 12 Required New Production Equal to Today s Production

More information

Global Energy Dilemmas: A Geographical Perspective

Global Energy Dilemmas: A Geographical Perspective Global Energy Dilemmas: A Geographical Perspective Professor Mike Bradshaw Geographical Association Annual Conference and Exhibition www.le.ac.uk http://www2.le.ac.uk/departments/geography/people/mjb41

More information

World Energy Outlook Dr. Fatih Birol IEA Chief Economist 24 November 2010

World Energy Outlook Dr. Fatih Birol IEA Chief Economist 24 November 2010 World Energy Outlook 2010 Dr. Fatih Birol IEA Chief Economist 24 November 2010 The context: a time of unprecedented uncertainty The worst of the global economic crisis appears to be over but is the recovery

More information

Milken Institute: Center for Accelerating Energy Solutions

Milken Institute: Center for Accelerating Energy Solutions Milken Institute: Center for Accelerating Energy Solutions Center for Accelerating Energy Solutions Promotes policy and market mechanisms to build a more stable and sustainable energy future Identifies

More information

Canadaʼs Energy Outlook

Canadaʼs Energy Outlook Canadaʼs Energy Outlook CURRENT REALITIES AND IMPLICATIONS FOR A CARBON-CONSTRAINED FUTURE EXECUTIVE SUMMARY Full report available at energyoutlook.ca By J. David Hughes MAY 2018 CANADA S ENERGY OUTLOOK

More information

Energy, Environment, Hydrogen: A Case For Fuel Cells

Energy, Environment, Hydrogen: A Case For Fuel Cells Energy, Environment, Hydrogen: A Case For Fuel Cells Why Do We Need Energy? Heating/Cooking Transportation Manufacturing What Energy Sources Have We Used Over Time? Why Do We Care About Finding New Sources

More information

OUTLINE OF PRESENTATION I. RISING COAL DEMAND IN EAS REGION II. III. IV. CLEAN COAL TECHNOLOGIES ECONOMIC ASSESSMENT OF CTT ECONOMIC, SOCIAL & ENVIRON

OUTLINE OF PRESENTATION I. RISING COAL DEMAND IN EAS REGION II. III. IV. CLEAN COAL TECHNOLOGIES ECONOMIC ASSESSMENT OF CTT ECONOMIC, SOCIAL & ENVIRON Symposium on Sustainable Power Supply Mix in the Future 20 November 2015 @ Novotel Bangkok On Siam Square, Bangkok, Thailand ECONOMIC BENEFITS FROM AN INTRODUCTION OF CLEAN COAL TECHNOLOGIES IN EAST ASIA

More information

Energy Perspectives 2013 Long-run macro and market outlook

Energy Perspectives 2013 Long-run macro and market outlook Energy Perspectives 213 Long-run macro and market outlook Eirik Wærness, Chief Economist Security Classificatio n: Internal Status: Draft Energy Perspectives 213 www.statoil.com/energyperspectives Outlook

More information

Hubbert Curve. Energy. Midterm has ended I expect to post grades this afternoon

Hubbert Curve. Energy. Midterm has ended I expect to post grades this afternoon N Gas plan on Cornwall Ave Announcements Midterm has ended I expect to post grades this afternoon Check your grades. If there is a problem, you have one week to contact the TA, Claire Walli Assignment

More information

EIA s Energy Outlook Through 2035

EIA s Energy Outlook Through 2035 EIA s Energy Outlook Through 235 ReThink Montgomery Speaker Series Energy March 23, 21 Silver Spring, Maryland A. Michael Schaal, Director, Oil and Gas Division Office of Integrated Analysis and Forecasting

More information

The Global Energy Scene

The Global Energy Scene IAGC February, 218 Tinker 218 The Global Energy Scene Scott W. Tinker Tinker 218 Population Clean Water Education Healthcare Housing Hunger Climate Immigration Status of Women Unemployment Crime Tinker

More information

Ron Gilbertson President and CEO Edmonton Economic Development Corporation

Ron Gilbertson President and CEO Edmonton Economic Development Corporation Ron Gilbertson President and CEO Edmonton Economic Development Corporation Edmonton and Alberta Today Short to Medium Term Outlook Long Term Outlook The Challenge Where We Are Today EEDC 2010 Economic

More information

Overview of Chapter 11

Overview of Chapter 11 11 Fossil Fuels Overview of Chapter 11 Fossil Fuels Coal Coal Reserves Coal mining Environmental Effects of Burning Coal Oil and Natural Gas Exploration for Oil and Natural Gas Oil and Natural Gas reserves

More information

International Energy Outlook 2017

International Energy Outlook 2017 International Energy Outlook 217 September 14, 217 Table of contents Page Overview 3 Petroleum and other liquids 31 Natural gas 47 Coal 61 Electricity 75 Buildings 91 Industrial 15 Transportation 117 Energy-related

More information

Plenary Session 1: Global Shifts: The Future of Energy Security: Finding New Balances. Background Paper

Plenary Session 1: Global Shifts: The Future of Energy Security: Finding New Balances. Background Paper India New Delhi Plenary Session 1: Global Shifts: The Future of Energy Security: Finding New Balances Background Paper Disclaimer The observations presented herein are meant as background for the dialogue

More information

RENEWABLE ENERGY AND ALTERNATIVE FUELS

RENEWABLE ENERGY AND ALTERNATIVE FUELS RENEWABLE ENERGY AND ALTERNATIVE FUELS There is absolutely no doubt the entire world is dependent upon the generation and transmission of electricity. Those countries without electrical power are considered

More information

Kearl Kearl Oil Sands Project Project Description November 2003

Kearl Kearl Oil Sands Project Project Description November 2003 earl Kearl Oil Sands Project Project Description November 2003 PROPOSED DEVELOPMENT Imperial Oil Resources (Imperial) and ExxonMobil Canada Ltd. (ExxonMobil) are advancing public consultation and other

More information

Small Nuclear Steam Generators for Alberta's Bitumen Resources

Small Nuclear Steam Generators for Alberta's Bitumen Resources Small Nuclear Steam Generators for Alberta's Bitumen Resources Dr. Ian J. Potter, Alberta Research Council Dr. Harold F. McFarlane, Idaho National Laboratory Western Focus Seminar 30th Annual Conference

More information

The Outlook for Energy

The Outlook for Energy The Outlook for Energy A View to 23 Flexible Packaging Association March 1 th, 26 Jesse Tyson President, ExxonMobil Inter-America Inc. This presentation includes forward-looking statements. Actual future

More information